Business intelligence platform provides rich analytics to identify and track clinical initiatives
SAN FRANCISCO, FEBRUARY 24, 2016 – McKesson today announced the launch of its new Drug Spend Intelligence™ tool. Designed by hospital pharmacists, Drug Spend Intelligence is an easy-to-use online tool that provides the information needed to identify purchase trends, evaluate the impact of price fluctuations, and implement and track clinical initiatives. McKesson’s Drug Spend Intelligence provides access to daily data with rich analytics and customizable reports to help identify potential areas for cost containment to lower drug spend and increase savings.
“The largest expenditure in a hospital pharmacy department is drug purchases. As a result, pharmacy leaders are constantly pressured to reduce their pharmacy’s drug spend and administrative time,” said Yen Nguyen, Pharm.D., director of clinical analytics, McKesson Pharmacy Optimization®. “Managing a hospital or health system’s drug spend requires a clear view into the purchasing history and spending trends, and the ability to turn that information into actionable results. Drug Spend Intelligence provides access to daily data and robust analytics to help pharmacies gain insight into purchasing trends and variances and to lower drug spend, as well as free pharmacists’ time to focus on medication safety and patient care.”
McKesson’s Drug Spend Intelligence provides access to rich analytics, a smart dashboard and the flexibility to create custom reports that enable customers to:
- Access their data for daily views of drug spend
- Quickly identify specific drugs that are driving drug spend versus historical trends
- View the impact of price fluctuations on drug spend
- Identify purchase trends to help with budget forecasting and fiscal year tracking
- Leverage extensive filtering options for multi-hospital health systems to identify facility-specific purchasing trends
McKesson Pharmacy Optimization provides consulting, implementation services and pharmacy-practice resources designed to help reduce costs, improve efficiency and uncover untapped opportunities for hospitals and health system pharmacies.
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About McKesson
McKesson Corporation, currently ranked 11th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. We partner with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit McKesson.com.