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Pharmacy Purchasing Optimization Analytics 2024
An Initial Look at Performance & Capabilities
Author
Jackson Tate
Author
Jennifer Hickenlooper
Author
Lance Merrell
Most healthcare organizations have made immense progress in their overall digitization process, and many are now switching their focus to the optimization of their technology and tech-related processes. High-cost areas are especially being scrutinized to see where costs can be reduced and efficiency improved. One historically high-cost area is the pharmacy, and organizations are starting to use purchasing optimization analytics solutions to identify savings in their pharmacy purchasing. This report—KLAS’ first in this space—examines why interviewed customers are generally satisfied with their vendor, to what extent vendors are driving outcomes, and what functionality is being utilized.
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Key Findings
- All Measured Solutions Drive Satisfaction by Providing Accurate Savings Opportunities; QuicksortRx Particularly Noted for Consistently Delivering ROI
- SpendMend* Seen as Innovative; All Vendors’ Customers Look to Add Additional Purchasing Channels to Maximize Value of Solutions
- Beyond Product Capabilities, QuicksortRx & SpendMend Trulla* Customers Highlight Vendor Engagement & Consultation in Finding Savings
*Limited data
Writer
Carlisa Cramer
Designer
Jess Wallace-Simpson
Project Manager
Andrew Wright
This material is copyrighted. Any organization gaining unauthorized access to this report will be liable to compensate KLAS for the full retail price. Please see the KLAS DATA USE POLICY for information regarding use of this report. © 2024 KLAS Research, LLC. All Rights Reserved. NOTE: Performance scores may change significantly when including newly interviewed provider organizations, especially when added to a smaller sample size like in emerging markets with a small number of live clients. The findings presented are not meant to be conclusive data for an entire client base.