Pharmacy Solutions
Gain access to pricing transparency, consistent supply and integrated strategies to support your clinical and performance improvement initiatives.
Unmatched Pharmacy Savings and Supply Optimization
Premier’s pharmacy contract portfolio is among the most extensive in the industry, consistently delivering 3 to 6 percent savings for our members. Our portfolio covers more than 190 suppliers and 15,000 products. Premier contracts with both our disproportionate share hospitals (DSH) and private label pharmaceutical portfolio.
We combine actionable data with proven purchasing power to deliver a comprehensive pharmacy program that helps reduce costs, improve operations, quality and safety, and promote knowledge sharing among healthcare professionals. As a result, our members and customers have seen:
- $300 million in identified pharmacy savings.
- $50 million online and $14 million max rebate savings with our 2024 Pharmacy Bid.
- Better lead times, robust product availability and 80 percent accuracy in predicting pharmacy shortages with predictive analytics technology.
Pharmacy Group Purchasing
A group purchasing organization (GPO) partner is essential for maximizing cost savings and improving operational efficiencies. Premier’s contract portfolio is designed to deliver value, including long-term stability and protection for competitive pricing as well as access to critical drugs in shortage. We create the safeguards to help ensure your patients have the high-quality, cost-effective medications they need, when they need them.
Key Solution Areas:
Intersectta®
Specialty and oncology-focused GPO designed to connect providers and suppliers to drive better collaboration, pricing and outcomes.
ProvideGx®
Industry-leading drug shortage mitigation program through key partnerships with pharmaceutical suppliers and commitment by Premier members.
Pharmacy Technology Solutions
Our comprehensive technology is designed to deliver actionable insights that drive efficiency, improve patient care and empower you to make smarter decisions for your organization. With focused attention on actionable insights to help our members work better, smarter, faster, the pharmacy team routinely develops impact analyses, savings opportunity reports, and inflation estimates to guide our members’ decision making and driving speed to value.
Key solution areas:
- CognitiveRx®: With greater than 80 percent accuracy, the technology helps predict and manage drug shortages, pinpoints drug price increases and streamlines margin analysis and daily pharmacy operations.
- Service Line Analytics – Pharmacy: An integrated data source that combines cost and quality data, allowing you to easily identify how pharmacy spend is impacting patient outcomes.
Enhanced Pharmacy Support
We understand that navigating the complexities of pharmacy operations and medication access are top of mind. Whether it’s optimizing spend, supporting strategic pharmacy operations or understanding the complexities of ever-changing regulations, we have the expertise and resources that empower organizations to make better, smarter and faster healthcare decisions.
Our multi-dimensional partnership approach can help you manage expenses, ensure regulatory compliance, drive performance and deliver value across your organization and the patients you serve.
Based in Washington, D.C, Premier’s Government Affairs team advocates for meaningful policy change that makes a difference for providers and patients.
We help you validate program eligibility and ensure regulatory compliance through extensive Medicaid and program framework reviews.
Our market-leading capabilities include a broad contract portfolio, 503B site evaluation summaries, member collaboratives, product cross-walks, regulatory insights and financial analyses to support a safe and cost-effective compounding program at your organization.
A one-stop-shop for member clinical needs, our program comprises a combination of education, resources and member networking for real-time practice sharing and formulary evaluation.
Collaboratives and Workgroups
Pharmacy practice leaders in compounding and mixing medications collaborate to share best practices.
Members discuss academic pharmacy priorities including enterprise initiatives, pharmacy residency programs and preceptor program development.
Pediatric pharmacy practitioners share best practices and identify clinical and advocacy needs.
Focused on population health initiatives, retail/specialty pharmacy dynamics and enterprise initiatives that extend to the continuum of care.
Discuss overarching pharmacy best practices and challenges.
Pharmacy purchasing and supply chain leaders share strategies and key issues in central distribution implementation.
Assess education needs of members and provide education programming recommendations and evaluate education offerings provided by Premier CE program.
Review developments in 503B regulations and trends, discuss updates and feedback on supplier, products and proposals.
Networking Events
Pharmacy Executive Conference
Live and virtual offerings to network and learn from your peers.
Pharmacy and ProvideGx Buyers Call
Bi-monthly calls to review important contract updates and to seek member feedback on need and priorities.
Pharmacy Continuing Education
Premier’s pharmacy continuing education (CE) program shares key topics, intelligence and shared best practices for our member pharmacists and pharmacy technicians. Live CE webinar presentations cover topics such as immunizations, 340B, antimicrobial stewardship, hazardous medication handling, drug diversion, preceptor development and disease state management. Premier also offers a long list of home study CE programs that our members can access on demand.
For interest and participation, members are directed to the Premier Pharmacy CE Website to register, review and participate in our programs.
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