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.
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:
Interactive, user-friendly, intuitive interface
Strong security and role-based permission
Access to price changes and impacts to budget
A robust, day-one reporting suite with drill down capabilities.
Automatic updates and data feeds from your suppliers
Recognition of preferred NDC's with respect to 340B/WAC/GPO mix
Trulla Analytics Software Delivers:
An actionable path to significant bottom-line cost savings
Trends and forecasts for all your medications and purchases
Insight into upcoming price increases (and decreases)
Simplified visibility into price variances across your accounts
A significant reduction in WAC purchasing
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 (see chart below) to help your pharmacy reduce costs and optimize savings. Review the chart below to to better understand what we do and what your pharmacy will receive.
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.
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
SpendMend By The Numbers
PHARMACY CLIENTS
AUDITS COMPLETED
%