Verity Purchase Analytics v1.4
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Verity 340B Purchase Analytics identifies optimal drug mixes for significant savings opportunities through analyzing drug prices and pharmacy spend data. It delivers insights into purchasing decisions to allow quick, data-driven choices creating average savings of 10-13% of total drug spend. The program enhances any 340B program by managing purchasing without requiring staff resources through a cloud-based system with built-in business rules and price trends.
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Similar to Verity Purchase Analytics v1.4
SPLIT-BILLING-SHEET
Verity 340B Split Billing is a software that maximizes 340B drug discount savings and compliance. It automatically splits drug replenishment orders into multiple accounts like 340B, WAC, and GPO. It also matches drug usage to wholesale order quantities. The software integrates with major wholesaler systems and includes features like Medicaid management, orphan drug tracking, and central distribution support to simplify 340B management and meet audit requirements.
CHAPTER9Business Intelligenceand AnalyticsSergey N
CHAPTER
9
Business Intelligence
and Analytics
Sergey Nivens/Shutterstock.com
Copyright 2018 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-203
Know?Did Yo
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Principles Learning Objectives
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to support improved decision making.
• Define the terms business intelligence (BI) and
analytics.
• Provide several real-world examples of BI and
analytics being used to improve decision making.
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analytics efforts.
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solving situations.
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Copyright 2018 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-203
Why Learn about Business Intelligence (BI)
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We are living in the age of big data, with new data flooding us from all directions at the
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and understanding to do something truly meaningful with it. Organizations are learning to analyze
large amounts of data not only to measure past and current performance but also to make predictions
about the future. These forecasts will drive anticipatory actions to improve business strategies,
strengthen business operations, and enrich decision making—enabling the organization to become more
competitive.
A wide range of business users can derive benefits from access to data, but most of them lack
deep information systems or data science skills. Business users need easier and faster ways to discover
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Join Ruben Ugarte, founder of Practico Analytics, the brains behind the widely acclaimed newsletter Weekly Growth Needle as he helps determine the impact of experimentation on Customer Lifetime Value. Exactly how does an experimentation team highlight topline/bottomline impact and look beyond statistical significance?
SOMLink the Innovator in Suspicious Order Monitoring
We created the innovator in suspicious order monitoring software. Our SOMLink is backed by 16 defensible algorithms and equips companies with the necessary tools to monitor and catch all orders of interest for prescription drugs. SOMLink is a suite of tools that uses statistical analysis to comply with Federal DEA 1301.74b regulation for controlled substances. SOMLink can be installed as a software or controlled in the cloud, and installs easily on the DEA's Registrant server for maximum compliance.
Retail is beautiful
ProfitUp business intelligence is a solution designed to collect, process and analyze large amount of retail data, which helps you increase your profit and other KPIs.
Product Evaluation HIS
“Purchasing ‘HIS/HMIS integrated with EHR’ can
revolutionize your healthcare facility, Improve
revenue across Facility, and drive real results in
revenue, build brand and customer loyalty. But
how do you know where to start?”
Choosing a HIS/HMS solution is an important decision: not only
is it a significant investment in time and resources, the system
you choose will have an enormous impact on the daily activities
of both your clinical and non-clinical teams. So it’s important to
conduct the proper research and go into the process with the
right questions in hand.
The following three chapters will help you build a framework for
evaluating vendors, figure out questions to ask each, and find
your perfect solution — in three steps:
1. Self-Assessment
2. Goals & Planning
3. Vendor / Product Evaluation
Understanding IDP: Data Validation and Feedback Loop
According to Gartner, "The market for document capture, extraction, and processing is highly fragmented. Data and analytics leaders should use this research to understand the process flow and differentiated capabilities offered by intelligent document processing solutions". Gartner's recently released "Infographic: Understand Intelligent Document Processing" covers these 6 critical flows in IDP.
1. Capture or Ingestion
2. Document Preprocessing
3. Document Classification
4. Data Extraction
5. Validation and Feedback Loop
6. Integration
This is the fourth post in the series exploring Data Validation and Feedback Loop.
Edge wave 6 Important Steps to Evaluating a Web Filtering Solution
To evaluate a web filtering solution, an organization should: 1) Understand its internet policy and enforceability needs, 2) Determine stakeholder roles and privileges, 3) Decide where to implement the filter on the network for optimal performance, and 4) Evaluate solutions hands-on to assess criteria like ease of use, integration, and total cost of ownership. Choosing a solution that installs easily, requires no extra hardware/software, seamlessly integrates, and minimizes administration will save money while providing comprehensive protection.
Behavioral-Based Safety – Predictive Analytics and a Safe Workplace
Companies large and small are using predictive analytics to decrease workplace incidents – by focusing on behavioral trends. Learn more at http://blog.mckenneys.com/2017/02/behavioral-based-safety-predictive-analytics-and-a-safe-workplace/
Planning and Preparing for Electronic Health Records
Implementing an Electronic Medical Records system is a daunting task for medical practices. This brief presentation can help a physician office understand all of the different facets of an EMR deployment and how the EMR will affect the entire network infrastructure of the practice.
IBM_analytics across the healthcare ecosystem
Analytics is a key enabler for life sciences and healthcare organizations to create better outcomes for patients, customers and other stakeholders across the entire healthcare ecosystem. While almost two-thirds of organizations across the healthcare ecosystem have analytics strategies in place, our research shows that only a fifth are driving analytics adoption across the enterprise. The key barriers are a lack of data management capabilities and skilled analysts, as well as poor organizational change management. To develop and translate insights into actions that enhance outcomes, organizations will need to collaborate across an expanding ecosystem.
Similar to Verity Purchase Analytics v1.4 (20)
CHAPTER9Business Intelligenceand AnalyticsSergey N
CHAPTER9Business Intelligenceand AnalyticsSergey N
ACO/Pharma Commercial Data Analytics Service Models
ACO/Pharma Commercial Data Analytics Service Models
Getting IDMP Ready via Modern Product Data Management
Getting IDMP Ready via Modern Product Data Management
How An AI-Powered Trade Promotion Optimization Software Can Improve Consumer ...
How An AI-Powered Trade Promotion Optimization Software Can Improve Consumer ...
Criteria to Choose best Laboratory Information Management System
Criteria to Choose best Laboratory Information Management System
Software Advice BuyerView: Physical Therapy Software Report 2014
Software Advice BuyerView: Physical Therapy Software Report 2014
Beyond Statistical Significance: Determining Impact Of Experimentation On Cu...
Beyond Statistical Significance: Determining Impact Of Experimentation On Cu...
SOMLink the Innovator in Suspicious Order Monitoring
SOMLink the Innovator in Suspicious Order Monitoring
Understanding IDP: Data Validation and Feedback Loop
Understanding IDP: Data Validation and Feedback Loop
Edge wave 6 Important Steps to Evaluating a Web Filtering Solution
Edge wave 6 Important Steps to Evaluating a Web Filtering Solution
Behavioral-Based Safety – Predictive Analytics and a Safe Workplace
Behavioral-Based Safety – Predictive Analytics and a Safe Workplace
Planning and Preparing for Electronic Health Records
Planning and Preparing for Electronic Health Records
Verity Purchase Analytics v1.4
- 1. Verity 340BTM Purchase Analytics* Verity 340BTM Purchase Analytics identifies the optimal NDC mix for significant savings opportunities. By pro-actively analyzing each NDC drug price and your pharmacy spend data, Purchase Analytics delivers dynamic insight into your data. Your procurement and purchasing team is able to make quick and data-driven purchasing decisions creating an average savings of 10-13% of total drug spend. • Enhances any existing 340B Program, regardless of which Third Party Administrator or wholesaler you use. • Rapid Implementation • No Staff resources require to implement or operate, Verity experts manage the program for you • Cloud-based - no software to download or maintain • Built-in business rules and price trends • Complimentary spend analysis uses your actual purchase history so you can see the savings potential before you buy. verity340b.com 800.581.1378 * Powered by ESI Healthcare Business Solutions Statistic GPO 340B Overall Calculation Drug Utilization 40% 60% Drug Cost A $100 $90 $94 Drug Cost B $110 $50 $74 WHICH DRUG WOULD YOU BUY? RESULT: Based only on GPO price, you would pick DRUG A Based on price and utilization, you would pick DRUG B Without evaluating GPO and 340B prices by utilization, hospitals purchase more expensive medication options 66.5% of the time. Factors reviewed on NDC's quarterly: • GPO and 340B Pricing • Utilization by Purchase Category • Wholesaler Availability of Stock • New Generics • New Brand Name Drugs Split Billing | Managed Services | Contract Rx | Specialty Contract Rx | Audit & Compliance Purchase Analytics | 340B Registration Assistance