CostCheck (Drug Purchasing Optimization)

CostCheck by Bluesight is a pharmacist-designed drug purchasing optimization platform that helps hospitals and health systems reduce pharmacy spend, improve procurement efficiency, and maintain compliance. It centralizes pricing data, contracts, invoices, and consumption to deliver actionable insights and tailored savings opportunities. CostCheck empowers pharmacy teams to eliminate overcharges, optimize NDC selection, and proactively manage drug shortages.

Features

• Recommended NDC Changes: Identifies lower-cost, equivalent medications to reduce spend.
• Contract Monitoring: Audits 100% of contracts and invoices for errors and savings opportunities.
• 340B Optimization: Tracks WAC and GPO ratios to flag compliance risks and spending inefficiencies.
• GPO Compliance Alerts: Notifies users of potential exclusions and rebate losses.
• Invoice Error Detection: Flags mischarges and billing discrepancies for resolution.
• Shortage Management: Prioritizes and solves drug shortages using real-time data and sourcing tools.
• Spend Analysis Dashboard: Visualizes savings potential and procurement performance.
• Pfizer Hospital Integration: Offers direct access to tailored inventory deals.

Capabilities

• Real-Time Procurement Intelligence: Combines national pricing data with site-specific usage.
• Automated Savings Identification: Surfaces cost-saving opportunities with minimal manual effort.
• Predictive Shortage Alerts: Detects supply disruptions up to 90 days in advance.
• Workflow Automation: Tracks resolution outcomes including credits, rebills, and savings.
• Custom Shortage Prioritization: Calculates days-on-hand and impact dates for urgent action.
• Multi-Site Scalability: Supports large health systems with complex supplier networks.
• Audit Readiness: Documents purchasing decisions and compliance actions.
• Integrated Sourcing Tools: Expands visibility into wholesalers and secondary channels.

Benefits

• 4% Annual Drug Spend Reduction: Achieved through optimized purchasing and error prevention.
• Over $100 Million Saved: Across 500 hospitals using CostCheck.
• Improved Financial Control: Prevents overcharges and missed rebates.
• Operational Efficiency: Saves time with automated contract and invoice reviews.
• Enhanced Compliance: Supports 340B and GPO program integrity.
• Shortage Resilience: Minimizes care disruptions and labor costs tied to supply gaps.
• Data-Driven Decisions: Empowers pharmacy teams with transparent, actionable insights.
• Customizable to Site Needs: Tailored recommendations based on local inventory and usage.