Finding Cost Savings Using Pre-admission Medication Cost Estimates in Long term Care Pharmacy

The admission process for Skilled Nursing Facilities is multifaceted and can be challenging. Timeframes for reviewing and accepting new admissions are becoming tighter, making timely pre-admission medication cost estimates vitally important. Pre-admission cost estimates help admissions coordinators gain a complete understanding of the costs of the medication regimen for a prospective resident. Through a comprehensive cost estimate, providers can ascertain areas where a medication regimen could be optimized to remain clinically effective while benefiting from cost reduction. While medication pricing is available through many long term care pharmacies, very few offer the level of sophistication that Grane Rx offers. The Grane Rx MedExpense Evaluation Tool benefits admissions coordinators in three key ways:  

The MedExpense Evaluation Tool Is Easy

Grane Rx utilizes a simple user interface to allow non-clinical admissions coordinators to quickly and easily search for medications and the associated costs. The system is customized for each Skilled Nursing Facility, integrating the center’s therapeutic interchanges and preferred medication programs built into the MedExpense Evaluation tool. Because of this level of customization, when users input a medication, they are guided to the center’s preferred clinical and cost-effective treatment options. Customization doesn’t end there. As time goes by and the MedExpense Evaluation tool is utilized within a SNF, the system acclimates to the most commonly used medication products. As a result, searches become smarter and easier for admissions coordinators. [Tweet “What to know about pre-admission medication cost estimates in #LTCpharmacy”]

The MedExpense Evaluation Tool Is User-friendly

When working with any type of technology, you want the technology to be intuitive to operate. The MedExpense Evaluation tool fits the bill, providing admissions coordinators with a user-friendly experience. When an admissions coordinator selects a medication within the system, the tool will provide a list of common order instructions for that particular medication. This helps minimize the amount of typing and manual calculation necessary for an accurate cost estimation. In addition, for complex medications, such as compounded medications, the system steps users through the necessary information. Text within the system explains the information or calculation that is needed, which helps increase the number of successful quotes provided while minimizing the number of times the pharmacy needs to be contacted.  

The MedExpense EvaluationTool Is Thorough

The MedExpense tool also provides admissions coordinators with thorough information. Using the depth of information provided, the team at each center is able to determine a clinically optimal and cost-effective medication regimen for each resident. Within the system, users are notified if there are generic alternatives available for medications they’ve selected, so final cost estimates accurately reflect the medications that will be dispensed by the long term care pharmacy. Cost estimates themselves are provided based on a daily, weekly, monthly and annual basis. Admissions coordinators are notified within the system if they’ve selected a medication that is packaged and dispensed only in a certain size or quantity. Grane Rx is committed to providing optimal care and cost savings. Find out how we can help your Skilled Nursing Facility by filling out this quick form or calling (866) 244-MEDS (6337).]]>