Does PHS perform Pharmaceutical Expenditure Analysis and Benchmarking?
RxTrend performs Drug Cost Analysis Modeling of a facilitys drug purchases to understand its drug cost change position, as well as providing customer training. This consulting service identifies the key drivers of drug costs for any health system or individual facility within the system inflation, utilization or volume. Within a single facility, the information from RxTrend can be used to forecast future drug expenditures, explain drug cost variances from planned expenses, or identify drug cost reduction opportunities. For multiple-site health systems, RxTrend can also be used to compare the drug cost experience for each pharmacy within the system and identify cost saving opportunities from a system wide approach. This information is provided by individual drug and by key therapeutic category. The product can be used on a one-time basis; however, its utility grows with each successive analysis that is available through a subscription service. RxFocusTM or Optimal Drug Utilization/Bench
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