Controlling Cost

Containing cost is a concern for non-profit and for-profit organizations alike. Savings can be better spent in different areas and possibly mean continuing viability. MedScend helps save money by putting better control on drug costs and saving staff time.

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Formulary controls

Ordering non-formulary drugs can lead to more costly drug purchases. Those non-formulary orders caught by the pharmacy still result in a cost of time wasted and a possible delay in delivery of a patient's medication. With the coming of Medicare Part D the importance of formulary controls is even more vital as the cost for ordering out of formulary will be placed on the facility. MedScend helps facilities keep control over drug costs by its ability to restrict specific user access to non-formulary drugs. When non-formulary drugs are ordered, MedScend provides a list of alternative drugs that are in formulary. This allows users to quickly select another drug, saving time and costs.

Medicare Part-D

As mentioned above handling and tracking formulary information is crucial to cost control. As part of the MedScend service plan Part-D plan information is updated on a mothly basis. Facilities will not have to manually enter Part-D formulary information or limit themselves to the few medications they can remember are in formulary for a particular patient's plan. All plan information within the faciltiy's PDP region IS automatically made available electronically. This means that right at the point of care there is no guess work when ordering medications.

Replacement drugs

In addition to controlling formulary orders MedScend provides the ability to direct users to specific alternative drugs. This allows facilities to point users to specific, perhaps cheaper, alternatives.

Reports

Various reports are available to help manage and understand how orders are being placed within a facility. Below are highlights of a few of the reports available:

  • Drug Orders: list orders placed within a specific period of time. See which patients are receiving the medications and which doctor placed the orders.
  • Ancillary Orders: list ancillary orders placed. These may be treatment orders, diet orders, labs and many others
  • DC Returns: get a handle on your returns. See which mediations are being ordered for 30 days and returned discontinued only after a few days. Consistently ordering drugs for too long a period of time can be costly for drugs which cannot be returned.
  • Out of Formulary: list orders placed for non-formulary orders. Users may be restricted from ordering non-formulary drugs. However, users may be given access to order non-formulary drugs for special circumstances. This report ensures that those orders do not get out of control.