Reducing Drug Spend & 340B Optimization
Clinical Excellence while Optimizing Drug Spend
We help you optimize clinical outcomes while reducing overall drug spend. Our team delivers data-driven clinical insights and targeted initiatives that lower costs, strengthen 340B compliance, and support high-quality patient care.
Working alongside your pharmacy team, our experts implement best practices in drug utilization, GPO contracting, formulary optimization, regulatory compliance, drug reimbursement. and 340B performance.
What We Do
1. Drug Spend Reduction Strategies
We partner with hospitals and health systems to achieve significant, sustainable cost savings by identifying opportunities to reduce and optimize drug spend while enhancing clinical outcomes.
Opportunities:
High-cost specialty drug spend reduction and optimization
GPO contract optimization
Drug formulary optimization
IV-to-PO conversion to minimize unnecessary injectable use
Redirecting traditionally outpatient drugs to be administered outside the inpatient setting when appropriate
Optimizing high-cost drug reimbursement in the outpatient setting
Antimicrobial stewardship
2. 340B Optimization
Whether you are launching a new 340B program or optimizing an existing one, our 340B-certified expert provides comprehensive support tailored to your goals, resources, and operational challenges.
Opportunities:
Maximizing 340B savings
Program evaluation and compliance assurance
340B program implementation and expansion
Operational support, including committee development, policies and procedures, staff training, compliance review, and audit processes
3. Operational Improvement Support
We help your organization ensure patients receive the right care in the right setting. Our operational plans improve clinical outcomes, drive efficiency, and capture appropriate reimbursement.
Opportunities:
Leveraging pharmacy informatics to support best-practice standards
Establishing or expanding outpatient infusion services
Improving safety and efficiency through automation
4. Safe Medication Practices
Drug diversion and unsafe medication practices pose significant risks to both patients and staff. We assess your operations to identify vulnerabilities and strengthen safety.
Opportunities:
·Medication safety and drug diversion risk assessment with mitigation planning
Pharmaceutical waste management and opioid-use reduction strategies
5. Sterile Compounding Compliance
Safe sterile compounding is essential for quality patient care. Our expert conducts comprehensive gap assessments and provides a clear roadmap to achieve compliance with USP <797> and <800>.
Opportunities:
Compliance gap assessment and improvement plan
Facility design support, including new construction or optimization of existing rooms
Operational support: procedures, staff training, and audit programs
Our data‑driven strategies help your pharmacy team enhance clinical quality, operational efficiency, and the overall contribution margin of your pharmacy service.