Pharmacy Resources
In this video series featuring HealthTrust pharmacy experts, learn about efficiencies and cost-saving strategies, within topics like class of trade, 340B, GPO language and pharmacy wholesaler concepts.
Decoding Pharmacy Class of Trade
Class of trade comprehension is crucial for GPOs and health systems because it helps them navigate pricing structures and ensure appropriate distribution channels for pharmaceuticals and medical supplies. By identifying the specific class of trade for each product, GPOs and health systems can make informed decisions about procurement strategies, reimbursement models, and overall supply chain management, leading to improved financial outcomes and patient care.
“Class of trade data has a direct impact on commercial and government contracts, pricing strategies, medication access, and more”
– M. Elayan
GPO Language
Understanding Group Purchasing Organization (GPO) Pharmacy terms is an important step in driving cost savings, efficiency, and compliance. Watch this video to better understand how terms like Request for Information or “RFI” are relevant to the contracting process.
“We have agreements with several tiers that can be based either on market share or on volume”
– K. Bourget
Pharmacy 340B Insights
Non-compliance in Pharmacy 340B can result in penalties such as repaying manufactures for drugs purchased using 340B pricing or removal from the program entirely. As a result, HealthTrust has dedicated resources to help 340B participants navigate the complexities of the program. Watch the video to get a better understanding of 340B concepts and to see how HealthTrust can be your 340B partner.
“The 340B program requires prescription drug manufacturers to provide discounts to specified federally-funded clinics and certain hospitals, otherwise known as “covered entities,” as a condition of participation in the Medicaid program”
– C. Yoder
Pharmacy Services
Optimize your pharmacy for high-quality patient care and financial performance with guidance from experienced operators and the purchasing power of a national network.
1.
Partner with Experienced Operators
Accelerate your pharmacy performance with our operator led experience to drive clinical and operational efficiencies across your organization.
2.
Leverage Our National Network & Purchasing Power
Partner with a best-in-class negotiating team committed to lowering your spend with considerably more than $1 billion saved over the last five years.
3.
Drive Results with Market Leading Resources
Access industry-leading best practices and resources for 340B, drug information, managed care, reimbursement, regulatory compliance and more.
More Video Resources
Introduction to Pharmacy
Wholesaler Concepts Pt. 1
Explore pharmacy wholesaler concepts, distinguishing between wholesale acquisition cost, pharmacy contract cost, and acquisition cost.
Introduction to Pharmacy Wholesaler Concepts Pt. 2
Explore pharmacy wholesaler concepts, distinguishing between wholesale acquisition cost, pharmacy contract cost, and acquisition cost.
HealthTrust’s pharmacy team helped enhance our pharmacy program by creating alignment between physicians, nurses, and executive leadership while addressing our challenge of cost containment.
– Senior Pharmacy Director
