Chesterbrook, PA (PRWEB) September 17, 2014
Health systems are constantly challenged to reduce costs and increase efficiency. Today, Pharmacy Healthcare Solutions, a wholly owned subsidiary of AmerisourceBergen, launched TARxGET Reporting, a web-based analysis and forecasting tool that enables hospitals and health systems to control costs while maximizing the impact of medications on improved patient outcomes.
Through its state-of-the-art diagnostics capabilities, TARxGET Reporting uses pharmacy purchase data to identify areas of high drug spend, show key drivers of drug cost in specific drug and therapeutic categories, and evaluate changes over time to measure the impact of medication utilization and inflation on purchase trends.
“Pharmacy Healthcare Solutions is committed to finding innovative solutions to enhance operational and clinical programs, and the TARxGET Reporting diagnostic tool is another way that we go above and beyond to serve our customers,” said Matt Wolf, Vice President, Sales, Provider Solutions. “TARxGET Reporting’s easy to use web-based application provides insight into purchasing behavior and analysis on which areas of drug spending have the most impact – ultimately resulting in identifying system-wide cost savings opportunities.”
TARxGET Reporting Advanced Solutions
- Cutting-edge Data Capabilities: TARxGET Reporting evaluates purchase order history and categorizes purchases, so that users can develop a roadmap to further support pharmacy operations planning and decision-making to mitigate future cost surges.
- Purchase Predictions: By identifying specific drugs or therapeutic categories of drugs that are contributing to increasing costs, TARxGET Reporting equips users with a unique tracking system to monitor clinical program initiatives such as Antibiotic Stewardship and MUE effectiveness, identify market share and other cost reduction opportunities and forecast expenses based on anticipated inflation or utilization effects.
- Streamlined Reporting: The easy to use web-based application makes it simple for clients to access purchase history and build comprehensive reports faster and cleaner than ever before on your desktop, tablet or smartphone. The reports identify a global rate of change for drug costs and segment that rate into components determined by inflation, utilization and volume.
- Return on Investment: TARxGET Reporting’s subscription based pricing makes the software program cost effective for health systems of any size.
Pharmacy Healthcare Solutions (PHS) offers consulting expertise and business support to healthcare providers of all shapes and sizes. PHS consultants support hospital leadership and clinical staff with all of the challenges of today’s healthcare delivery in mind—patient safety, rising costs, decreasing budgets, personnel shortages, and regulatory compliance. Through its knowledge, reach and partnership, PHS is committed to rapidly assessing, designing, implementing, and sustaining solutions that will enhance programs and shape healthcare delivery.
For more information on this cost-saving technology from Pharmacy Healthcare Solutions, visit http://www.amerisourcebergendrug.com.
AmerisourceBergen is one of the largest global pharmaceutical sourcing and distribution services companies, helping both healthcare providers and pharmaceutical and biotech manufacturers improve patient access to products and enhance patient care. With services ranging from drug distribution and niche premium logistics to reimbursement and pharmaceutical consulting services, AmerisourceBergen delivers innovative programs and solutions across the pharmaceutical supply channel. With over $100 billion in annualized revenue, AmerisourceBergen is headquartered in Valley Forge, PA, and employs approximately 13,000 people. AmerisourceBergen is ranked #28 on the Fortune 500 list. For more information, go to http://www.amerisourcebergen.com.