PharmaPricer™
Transparent Pharma Pricing Data at Your Fingertips
The cost of some drugs jumped as much as 3,600% in recent years and more frequent drug shortages create volatile pricing trends. BroadJump’s PharmaPricer™ solution enables you to compare pricing in real-time to that of hundreds of peer facilities for the same drugs you buy, helping you significantly reduce the cycle time to renegotiate pricing agreements.
This insight allows organizations to identify savings opportunities without having to adjust formulary.
Core Functionality
Organizes values by:
- PRICING
- MARKET SHARE
- SPEND VOLUME
Provides the flexibility to manage spend by account type:
- GROUP PURCHASING ORGANIZATION (GPO)
- US 340B FEDERAL DISCOUNT DRUG PROGRAM
- WHOLESALE ACQUISITION COST (WAC)
- RETAIL
PharmaPricer™ also provides the flexibility to define your organization and your peers by Classes of Trade to help manage spend and determine realistic savings opportunities.
Use PharmaPricer™ to:
- Achieve significantly reduced cycle time for pricing negotiations
- Monitor volatile pricing during drug shortages
- Analyze and compare proposed and current pricing to ensure a fair price prior to signing a contract
- Gain insight into pharmaceutical spend and access to reports that track savings and measure performance
PharmaPricer™ puts quick, actionable pharmaceutical savings opportunities at your fingertips. As a result, you can achieve significant savings, in many cases without having to adjust your formulary.
Relevant Insights & Resources
Here are some resources to provide you with additional insights about healthcare cost management and analytics.
Check out this video to learn more about PharmaPricer