We understand saving money is a top priority for your community. It’s our goal to work with you to ensure delivery of the lowest net cost while improving the health of your residents. To help contain costs, your Omnicare team will identify trends and provide reports on medication utilization and savings. You can count on us to save costs in a variety of ways:
Your experienced consultant pharmacist will become a valued member of your community’s interdisciplinary team — they’re here to help guide you to achieve optimal outcomes for your residents and your bottom line. On a regular basis they’ll identify trends and provide progress reports on medication utilization and cost savings for your community.
Our proprietary formulary management tool, which was created by pharmacists and geriatric care physicians, will inform you about formulary-driven cost savings. Additionally, the tool identifies un-captured cost savings opportunities in the area of formulary compliance. You can be assured clinically appropriate medications are being delivered to your residents — which will give you a tangible measure of the value that we bring to your community.
In order to provide effective medication therapies to your residents while controlling costs, our formulary management tool spotlights opportunities for therapeutic interchange and generic conversion. This tool shows where changes have saved money, and where opportunities for cost savings have been missed.
Plus advanced clinical decision support software program, Omnicare System for Clinical and Cost Outcomes Retrieval (OSC20R), is fully integrated with our pharmacy dispensing computer system, allowing your consultant pharmacist to identify potential clinical, regulatory and cost-containment opportunities.
One of the simplest and most effective ways to reduce pharmacy spending is via generic conversion. Since there are so many generic versions of major brand name drugs coming available, timely conversions to generics can add up to significant savings for your community. Our scale and purchasing power provides cost savings to you, especially for generics. Our ability to convert a brand product to its generic equivalent faster than any other provider delivers nearly immediate cost savings to your community.
Our Clinical Intervention Centers (CIC) will provide you and your staff with experienced formulary clinicians to help manage clinical rejections and reduce non-covered charges to reduce the number of therapy interruptions due to insurance rejections. Our CICs help ensure proper therapy and appropriate reimbursement, while giving your staff more time to devote to caring for residents.
Another way to realize cost savings from the first fill is with pre-admission assessment through our Omniview web portal. When an incoming resident’s medication list arrives, your staff can quickly assess actual pharmacy costs for those medications, highlighted with generic conversions and opportunities for therapeutic interchange.