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NDC and Pricing Trend Monitoring
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NDC and Pricing Trend Monitoring
One of the current challenges facing pharmacy departments is the problem of maintaining an NDC number in the pharmacy information system that reflects the product currently in use. Historically, the NDC number on record in many hospital pharmacy information systems is accurate from a clinical perspective but does not always reflect the specific vendor product currently in inventory in the pharmacy. While continuous updating of the NDC number in the hospital pharmacy system is a time consuming task, the end result is advantageous for inventory analysis and reporting purposes.
NDC MONITORING BENEFITS:
- Provides a standardized and repeatable process for NDC maintenance.
- Centralizes the NDC maintenance process so that each hospital pharmacy department will not have to devote time and resources to searching through purchasing records in order to determine the appropriate NDC number to use.
- Provides charge master quality assurance by confirming if the NDC number on record in the hospital pharmacy system is appropriate for the associated charge master charge code description.
CONTRACT PRICE VERIFICATION:
Contract price verification recovers hidden costs in the pharmaceutical supply chain.
CONTRACT PRICE VERIFICATION BENEFITS:
- Recovery of contract price discrepancies with client work limited to authorizing wholesaler data release.
- Contingency fee percentage of credits recovered.
- Improves operational efficiency.
SERVICE PROVIDERS
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