We are a LTC pharmacy located in Skokie, Illinois just outside of Chicago and are the largest independently owned LTC pharmacy in the State. We certainly have realized cost reduction and to a degree that exceeds our initial expectation.
The software enables us to upload purchase orders prior to submitting to our primary drug wholesaler and shop those items for improved pricing. This makes it extremely simple and quick to compare product pricing across a number of wholesalers/drug distributors. But beyond that, we are able to quickly determine if a particular product NDC is subject to the “short cycle” dispensing requirements we operate under. The software also identifies particular product NDC’s whose use will result in insurance reimbursement issues when dispensed.
The system is unique in its ability to identify potential negative margins prospectively as opposed to the norm which is at the time of filling or even after the fact. The software continuously updates our purchase history which enables it to provide a variety of reports that are valuable business analytics.
Pharmacist In Charge, Pharmore Drugs LLC
We are a Long Term Care pharmacy that services 10,000 beds. We have been using PharmSaver on a daily basis for 12 months, since PharmSaver went live. We have been extremely pleased with the service- the site is extremely user-friendly and intuitive. It streamlines our pharmacy’s purchasing procedure and has saved us a very significant amount of money while also saving us many hours that we used to spend pricing items from different vendors prior to purchase.
Over the past year of exclusively using PharmSaver via their upload feature, we have seen a 5-10% increase in gross profit margin. Additionally, as a result of uploading on a daily basis, PharmSaver has been able to provide us with key analytics related to our purchasing including prospective reimbursement alerts, short cycle generic identification, dead-net savings and generic contract compliance. We have found PharmSaver to be exceptionally responsive to our recommendations and to any requests we have made regarding site content and presentation. PharmSaver has certainly changed our business for the better and we wholeheartedly recommend them to any pharmacies looking to simplify their purchasing procedures and save a substantial amount of money in the process.
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