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Contract Price Verification Service
S/T Health Group pioneered the practice of contract price integrity verification in 1998, helping hospitals recover previously hidden costs in the pharmaceutical supply chain. Today, our business reflects the ever-growing complexity of the hospital pharmacy market, with an emphasis on consultative services that provide big-picture solutions to procurement and management issues.
Our extensive staff background in the pharmaceutical industry and hospital pharmacy operations gives S/T Health Group a unique perspective on the challenges you face. Our pharmacy and supply chain knowledge and insight is unbeatable; our strong working relationships with all of the major drug wholesalers and manufactures are unmatched. Our service has been proven in hospitals and healthcare systems across the U.S., with millions of dollars in cost savings captured.
You face constant pressure to reduce the operational expenses of your hospital or healthcare system’s pharmaceutical services, without sacrificing patient care, of course. It’s a daunting effort to tackle with limited in-house resources. There are too many contracts, too much data, and not enough time.
BENEFITS:
- Full turnkey service recovery of contract price discrepancies with client work limited to authorizing wholesaler data release
- Contingency fee percentage of credits recovered
- Recovers hidden costs in the pharmaceutical supply chain providing direct improvement to the bottom line through reduction in total cost of sales
- Our automation technology, volume capacity, and industry expertise frees the hospital staff to focus on patient care
- Improves your operational efficiency
Unlike do-it-yourself software packages or other offerings, our detailed, technology-enabled process is backed by our extensive knowledge of the industry and supported by our decade-long relationship with major drug wholesalers and GPOs. We know where to look for disconnects, and we recognize when there are discrepancies that can cost you money.
Best of all, we do the analysis … and we recover the money for you. Your involvement is limited to the simple authorization of wholesaler data release. We work on a contingency fee basis, earning a percentage of the credits recovered. And because our past work has been proven effective over the years, manufacturers and wholesalers know they can trust our analysis.
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