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Pharmacy cost management

Pharmacy Cost Management

We Know Pharmacy Cost Management Is Vital To You

We understand the pressure you have to manage costs while improving care. The HealthDirect team is committed to helping you achieve both. Customized drug formulary management, proactive regulation compliance programs, transition of care services, and processes designed to minimize expenses for Medicare Part D beneficiaries are just a few of the things we do to help our partners save money and improve care.


 

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Drug Formulary Customized Your Way

To aid in cost containment for our customers, HealthDirect maintains a prescription formulary and dispenses generic drugs whenever possible. We average an 82% to 84% generic dispense rate, this can vary based on facility admission practices. For customers we have collaborated with to establish a customized formulary, we see an increase in the percentage of generics dispensed.

HealthDirect pharmacists will collaborate with you and your residents’ physicians to develop a formulary and put a Nursing ...


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How Is a Formulary Developed?

When developing your formulary, our goal is to deliver both positive outcomes for your residents and cost savings for your facility. To do this our pharmacists:

  • Take into account the unique care needs of the residents you serve.
  • Look at the top prescribed medications for the conditions of your resident population.
  • Thoroughly review and research available therapies using a variety of sources, to identify potentially inappropriate medications for the population you serve.
  • Evaluate the potential ...

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What Are Some Advantages?

  • Regulatory Compliance – Often residents are coming to your facility from an acute care environment and their medication regimen may not optimal. By partnering closely with you we can help to both improve resident care and outcomes, and maximize your compliance with regulations to avoid costly penalties.
  • Medicare Part A Cost Containment – Effective formulary management helps to reduce the number of high priced brand drugs and the number of potentially unneeded medications. Also, starting residents on optimal ...

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A Billing System That Saves Time and Money

HealthDirect's Clean Billing System not only creates an easy to understand invoicing package, it also acts as a cost containing solution. Copays and Status-Pending charges are managed internally by the pharmacy rather than by the facility. Private-pay residents are billed directly, and Split-Billing is used to ensure that when a resident's Med A coverage ends, charges no longer impact the facility's bottom-line.

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How Do We Ensure Regulatory Compliance?

Our clinicians not only stay up to date on regulation changes, they also proactively provide solutions to keep your facility ahead of the curve and in compliance. For example, let’s look at our team’s approach to the CMS Mega Rule. The “mega rule” will go into effect in three phases. Along with offering our customers several educational resources, our clinical team is fantastically well prepared and has already worked with our partners to implement the antibiotic stewardship program that needs to be in place by November 28, 2017.

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Increase generic dispense rates
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Implement CMS Mega Rule with ease?
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Minimize Medicare Part D Costs
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Make Antibiotic Stewardship Matter

What Is Antibiotic Stewardship?

Antibiotic stewardship refers to a set of commitments and activities designed to “optimize the treatment of infections while reducing the adverse events associated with antibiotic use.

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Why Is Stewardship Vital?

  • It is estimated that 50-70 % of NH patients will be prescribed a systemic antibiotic over the course of a year.
  • 25-75 % of antibiotic use may be inappropriate.
  • Inappropriate antimicrobial use increases the risk of multi-drug resistant infections, C. difficile, drug-drug interactions, and other adverse events.
Doctors working with hospital administrator

What Does HealthDirect’s Program Offer?

  • In-services on antibiotic stewardship directed at both prescribing and nursing.
  • Resources for families, caregivers, prescribers, and nursing on stewardship and the role of antibiotics (pamphlets, pocket guides, treatment guidelines, etc.)
  • The HealthDirect Consultant Pharmacist will be a key member on your stewardship team. They will provide focused antibiotic reviews with every MRR (medication records review) and participate in stewardship meetings. They can not only offer their drug expertise, but can help you in selecting ...

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We Find Alternative Drugs Covered By Medicare Part D

We aggressively work on behalf of your residents to obtain coverage for their medications. We work closely with the Medicare D Insurance Plans to find medications that are covered by their formularies. We work behind the scenes to obtain prior authorizations or find alternative therapies that are covered. Our goal is to minimize any out of pocket costs for a Medicare D beneficiary.

When an order is received for a resident ...


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How Can We Help?

Complete the form below, and a HealthDirect team member will get back to you the next business dayOr, give us a call at 1 (888) 708-3999, Monday – Friday, 8:00 AM – 4:30 PM EST. For security purposes please do not include any personal medical information, when completing the form.

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Pharmacy Billing and Reporting

HealthDirect understands that accuracy is extremely important—for both resident and facility billing. In both cases, we never take accuracy your pharmacy billing for granted.

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IV Services

HealthDirect offers your facility and staff our professional expertise in kinetics and compounding through our IV infusion therapy program.

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Emergency Services

In the case of an emergency, response with the right supplies and information is critical. Learn how HealthDirect goes above and beyond to ensure your team is ready.

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