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Contract Portfolio Performance Analysis
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:
S/T Health Group helps you maximize the value you receive from your group purchasing organization (GPO) by:
- Performing detailed assessments of contract portfolio coverage based on actual utilization
- Assessing your current portfolio versus utilization mix and comparing your current GPO to a benchmark GPO
- Identifying coverage and pricing variations and contract compliance issues
- Identifying opportunities for financial improvement by reducing true cost of sales
- Maximizing your hospital’s utilization of an existing GPO or identifying and recommending a more effective GPO based upon your organization’s unique needs
S/T Health Group’s ability to analyze and compare large volumes of purchasing history data against pharmaceutical contracts and GPO portfolios allows us to perform detailed assessments of contract portfolio coverage based on actual utilization. We can assess the effectiveness of a selected GPO portfolio for addressing a client’s utilization mix, compare one GPO to another benchmark GPO for both amount of coverage and pricing variances, and identify areas where a client is not maximizing the value of their current GPO portfolio.
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