Reverse Financial Leakage in the Pharmacy

Gain new insight into your pharmacy spend and fix the problems

Pharmaceuticals spend is among the largest non-labor spend categories within a health system. It consists of thousands of medications, even more NDC’s, hundreds of contracts and manufacturers, and dozens of suppliers. As such, it is difficult to optimize pharmacy spend.

SpendMend Pharmacy delivers the industry’s most complete Analytics and Optimization solution. We combine the power of our Trulla software platform and our team of over 30 pharmacy experts to help our clients reduce costs and optimize savings.

DATA SHEET
SpendMend Pharmacy 340B Optimization Overview

Pharmacy Spend Analytics

 

Your Self Service Approach

Leverage Trulla by SpendMend Pharmacy to attain best-in-class purchasing analytics on your annual pharmaceutical spend. Use this advanced platform to optimize the way you monitor trends, develop forecasts, identify opportunities, and more.

Most health systems have hundreds of unknown pharmacy cost savings opportunities. TRULLA Analytics software finds and prioritizes the biggest opportunities for you.

Trulla Analytics Software Features:

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Interactive, user-friendly, intuitive interface

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Strong security and role-based permission

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Access to price changes and impacts to budget

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A robust, day-one reporting suite with drill down capabilities.

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Automatic updates and data feeds from your suppliers

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Recognition of preferred NDC's with respect to 340B/WAC/GPO mix

Trulla Analytics Software Delivers:

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An actionable path to significant bottom-line cost savings

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Trends and forecasts for all your medications and purchases

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Insight into upcoming price increases (and decreases)

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Simplified visibility into price variances across your accounts

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A significant reduction in WAC purchasing

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New and impactful opportunities to standardize NDC's

Pharmacy Spend Optimization

 

SpendMend Pharmacy Spend Optimization Program

The SpendMend Pharmacy consulting team leverages the deep data insights of Trulla and over 250 combined years of experience to customize and construct the right sequence of strategies and solutions to help your pharmacy reduce costs and optimize savings. 

Why Top Pharmacies Use SpendMend Trulla Analytics

  • Drive an average of 4-6% savings on annual drug spend
  • Gain insight on the best practices of leading pharmacies
  • Benefit from a combined 250 years of pharmacy experience
  • Work with the industry leader in spend optimization

Getting Started Is Easy

SpendMend offers Trulla Software, a best-in-class, easy to use, online portal to deliver end-to-end visibility into your pharmacy’s annual spend.

There is no limit to what you can do when you have a clear understanding of where the dollars are actually going.

“We knew all these strategies, Price Parity, Price Spikes, Unit Dose, Biosimilars… We knew it, we just didn’t have the time to put it all into motion. SpendMend brings a team of experts and showed us how much we could save. It’s staggering”
Pharmacy Leader – Nationwide, non-profit health system, $330M in annual drug spend.

Momentum with Clients

  • Went live with Trulla’s Analytics in March
  • Identified $14M in Potential Savings Opportunity on a $200M Drug Spend
  • Now implementing Trulla’s Software for clinic ordering

“This is too valuable” – Tim Walker, RPh, Pharmacy Manager

SpendMend Mission

At SpendMend, we strive to help hospitals improve patient care through the delivery of innovative cost savings solutions, insightful transaction analysis, and improved visibility across business relationships.

SpendMend By The Numbers

PHARMACY CLIENTS

AUDITS COMPLETED

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AVERAGE SAVINGS ON ANNUAL DRUG SPEND

HRSA AUDITS SUPPORTED