PharmaChecker™
Real-time Pharmacy Pricing Data, Even for Off-Contract Drugs
Checking pricing for and negotiating off-contract items can be difficult for pharmacy supply chain teams when there’s no spend history. This lack of visibility can cause variance and potential savings left on the table. With BroadJump’s PharmaChecker™, now you can control your pharmaceutical spend and stay on top of drug shortages by comparing pricing for drugs you’ve never even purchased.
PharmaChecker™ allows you to evaluate market-relevant pricing for your pharmaceutical purchases in real-time, viewing market dynamics for any National Drug Code.
Core Functionality
Organizes values by:
- PRICING
- MARKET SHARE
- SPEND VOLUME
- DATE
Provides the flexibility to manage spend by account type:
- GROUP PURCHASING ORGANIZATION (GPO)
- US 340B FEDERAL DISCOUNT DRUG PROGRAM
- WHOLESALE ACQUISITION COST (WAC)
- RETAIL
PharmaChecker™ 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 PharmaChecker™ to:
- Access market pricing data on drugs for which you may not have a purchasing history
- Analyze price trends over time
- Access data from BroadJump’s marketplace to immediately produce paid price points for specific pharmaceuticals purchased during the past 12 months
- Compare pricing data with peers both individually and at a high-level group perspective
PharmaChecker™ uses current, relevant data to show you what a fair price really is, so you have the information you need to negotiate with suppliers.
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 PharmaChecker
