SpendMend Pharmacy Spend Optimization
Optimization Solutions For Pharmacies
Financial Leakage Within Pharmacy
Despite your best efforts to maximize your contracts and controls, you are constantly at risk of suffering financial leakage in your pharmacy due to the constant change facing you and your wholesalers. You are also navigating complex pricing schedules and contractual terms and you are fighting to stay compliant with regulations.

SpendMend Pharmacy leverages the expertise of Turnkey Pharmacy Solutions to deliver Optimization solutions to pharmacies across the country. Our team of over 28 pharmacy experts works with clients to customize a sequence of solutions to help reduce costs and optimize savings.
Bottom Line Impact
SpendMend Pharmacy consistently reduces annual drug spend for our clients by an average of 3%. The percentage of savings varies based on annual spend volume, but wherever your CE lands on the chart below, the dollars are significant.
Why CE’s Choose SpendMend Pharmacy for 340B Optimization
Drive an average of 3% savings on your annual drug spend
Work with the industry leader in spend optimization
Gain insight on the best practices of leading pharmacies
Benefit from a combined 250 years of pharmacy experience
SpendMend Pharmacy Spend Optimization Program
What We Do and What Your Covered Entity Will Receive:

Price Parity

Review wholesale spend for all purchasing accounts within a system to ensure consistent best available contract pricing.

Historical Price Spikes

Analytics and insights into price spikes to reverse unnecessary costs and prevent unnecessary over-spending.

NDC Optimization

Analytics and insights for lower cost NDC alternatives of the same drug.

Benchmarking

Analysis of GPO rates and utilization percentages to drive better COGS and ensure optimal compliance with GPO contracts.

Rebate/Contract Review

Evaluation and analysis to determine if hospitals are pursuing earned rebates from contract terms.

Biosimilars

Analytics, insights, and operational support to convert reference products to their biosimilar.

Price Fluctuations

Tools to anticipate future price fluctuations to optimize pharmacy costs.

Unit Dose (UD) to Pre-Packaging Opportunities

Review commercial UD spend and recommend savings opportunities where appropriate. (Bi-directional analysis).

Sales & Use Tax

Evaluation and analysis to determine if pharmacy is overpaying sales and use taxes.

Consignment Opportunity

Evaluation and analysis of consignment fees to help hospitals refine their consignment strategy.

“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, nonprofit health system, $330M in annual drug spend.
DATA SHEET
Pharmacy Spend Optimization (PSO) Overview
Getting Started
To get started, you only need to provide our team access to your purchasing data using our wholesaler support extraction tools. We perform all work offsite, taking care to limit time and resources required of you and your staff. The best part of it all, your hospital will never be invoiced until you actually realize the savings from our solution.
SpendMend By The Numbers

500


CLIENTS SERVED SINCE 2012

1500


AUDITS COMPLETED

3

PERCENT AVERAGE SAVINGS ON ANNUAL DRUG SPEND

100

MILLION DOLLARS OF 340B SAVINGS DELIVERED
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