Cost Management

Our financial tools allow you to monitor and control administrative medication costs, while improving process and outcomes.

Managing Costs - improving efficiency

Our team understands the financial issues that arise from inefficient utilization of medication and resources. We have developed services that will allow you to monitor and control costs while improving procedures and outcomes.

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Consultant Pharmacist

Our Consultant Pharmacist will be an integral part of helping you to contain costs. You can depend on your Consultant Pharmacist to:
  • Continually improve drug utilization for better resident outcomes and lower cost
  • Work with prescribers to assure clear, appropriate orders and best practices, including removing unnecessary drugs
  • Coach nursing staff to optimize efficiency in medication administration

LEARN MORE ABOUT OUR CONSULTANT PHARMACIST

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Fast, Safe, and Transparent

With our Automatic Therapeutic Interchange, you will notice immediate savings:

  • Medication cost reduction
    This is more than just a substitution from brand name to generic.
  • Staff time savings
    No more phone calls, since the interchange happens automatically. And, each interchange is accompanied by printed notification or electronic messaging to your EHR to keep everyone informed.

And you have the added assurance of knowing that each order is reviewed by our pharmacists.

Learn more about Formulary Management

Clinical Services Center

Our Clinical Services Center (CSC) streamlines the insurance process on two levels. This team works directly with insurance companies – so you don’t have to. With input from your team, we can take the hassle out of the process of reimbursement.

Prior Authorization

Often insurance plans request specific documentation before a medication is reimbursed. We interact with the insurance companies to provide them with the proper paperwork in a timely fashion. Working with your staff we submit the necessary prior authorization (PA) documentation to the insurance plan. By the CSC taking the responsibility off the facility and prescribers, it eliminates the frustration associated with the PA process and allows more time to be spent working with your residents.

Covered Alternative Medications

Each insurance company has its own set of preferred medications and could have additional rules for coverage before covering what a prescriber requested. The CSC helps identify clinically comparable alternatives for the resident and interacts with the prescriber to suggest a new order for that covered alternative.

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My Remedi Web Portal

Financial Insight

Using our proprietary portal, you can control and monitor your costs in a variety of ways! With My Remedi you can:

  • Access drug spend and utilization data
  • Receive instant medication price quotes
  • Establish dashboard displays that detail medication costs, online drug pricing, and more – all in one place!
Real-time Cost Alerts & Drug Pricing Tool

We all know how the cost of medications can vary … vary immensely! We can help you with ascertaining that info quickly.

With My Remedi, our web portal, you can customize med alerts for high-cost and high-risk medication orders the before they’re delivered. This allows you and your team to have a good indication of costs … and allow you to be proactive in finding alternatives before the medications are dispensed.

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PAXIT® Saves You Money

Delivering the right medications to the right resident in the right dosage is what we do – and PAXIT makes it easier!

Learn More About PAXIT >

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Labor Savings

Improved efficiency results in cost savings! Nurses using PAXIT save an average of 30 minutes per medication pass, giving them more time to devote to resident-centered care.

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Reduce Waste

Lower your drug bill by up to 15%. Inventory is reduced from 30 days to 2 days, giving you flexibility when resident medications are changed or discontinued. Nurses process far fewer returns, virtually eliminating this time-consuming task.

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Auto Fill

Continuation of a medication filled/cycled daily without any intervention. You can also manage your oral solid refills with barcode scanning. Nurses spend less time ordering medications which increases efficiency and safety.

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Retrospective Billing

You only pay for medications dispensed, unlike pre-paying for a 30, 60, or 90-day supply with other dispensing systems. Eliminating this waste reduces the expenditures leading to Medicare Part D coverage gap (aka “donut hole”)

Get Started with Remedi SeniorCare