Cost Saving Technologies

RxForecaster

RxForecaster is a pre-admission assessment tool that identifies lower cost alternatives and Therapeutic Interchange recommendations prior to or during the admission process. RxForecaster enables customers to obtain physician authorization for lower cost options prior to admission, eliminating the time and cost with switching medications at a later date.

  • Documentation to obtain physician approvals is automatically provided.
  • Lower-cost, covered alternatives are shown for both Med A and Med D residents.
  • Customers can go online or fax requests to get timely estimates on medication costs.

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Quantity Limit Program

Minimize your up-front medication costs!

PharMerica’s Quantity Limit Program reduces potential waste and limits high cost medication exposure by managing the amount of medication dispensed on each fill. PharMerica reviews high-cost and specialty medications, automatically reducing the potential waste and exposure for unneeded medications. The Quantity Limit Program provides significant cost containment while allowing your facility the flexibility to refill medications if your residents need more. Facility requests are required for additional quantities and refills without the need for additional prescriber intervention.

No need to tie up money in medications that may not be used. Your facility can improve productivity and reduce the amount of time your staff spends on medication returns.

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Split Billing Service

Reduce waste and reduce nursing home costs with PharMerica’s Split-Bill at Discharge service. Split Bill at Discharge splits the cost of a medication supply when a payor changes from Med A to a third party payor at the time of a resident’s discharge. PharMerica automatically splits the cost of a medication supply when payor changes from the facility to third party payor (usually Med A to Med D) before supply is fully consumed while in the facility. This allows you to reduce costs at resident discharge.

Split Bill at Discharge fits seamlessly into your current discharge planning process. Just complete the form and fax straight to your PharMerica pharmacy. You send the resident home with their medications and that’s it.

  • PharMerica handles all of the billing changes and paperwork with the payors.
  • Program is also permitted in states that do not allow medication returns.
  • Saves an average of $20 for each prescription that is split-billed.

 

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