Pharmacy revenue is leaking out the door, across all sites of care. A new way to fix the problem is Rx Capture and Retention. Health systems can lose 95% or more of their prescriptions and outpatient drug therapies to competing pharmacies. The impact can be especially large in the case of high-cost biologics and other infused drugs as well as specialty drugs dispensed through retail pharmacies Millions of dollars in uncaptured revenue are at stake.
Powered by cutting-edge AI, this product enables pharmacy departments to capture more revenue by identifying their largest opportunities. With streamlined workflows and actionable insights, this solution enhances your team’s ability to focus on high-value activities, ultimately driving increased profitability and financial health. Additionally, our managed services can augment your FTE pharmacy staff with our clinical and data science experts to operationalize processes that achieve your objectives.
Data plays a vital role in helping health systems solve this problem and achieve their revenue goal. Unfortunately, these data are scattered across multiple sources; the raw data are messy and inconsistent; there are many challenges to normalizing and aggregating the data; and, finally, it’s often not feasible to assemble data quickly enough for operational decision-making. Rx Capture & Retention automates the acquisition and harmonization of the data tied to pharmacy revenue capture, and the AI models surface recommendations to efficiently prioritize revenue capture improvement initiatives. These initiatives can include:
LogicStream Health empowers leading healthcare providers with actionable insights from clinical data. Our cloud-based Enterprise Performance Platform integrates, standardizes, and analyzes data using advanced automation, analytics, and machine learning. By leveraging our expertise, customers achieve measurable results: reducing costs, improving patient outcomes, optimizing supply chains, and accelerating ROI. With LogicStream’s comprehensive clinical intelligence solutions, healthcare organizations are driving millions in cost savings and operational efficiencies.
Let us show you how LogicStream Health is helping other health system Pharmacies use clinical data to make sound decisions. Read an overview about Rx Capture & Retention and schedule your demo by clicking the button below!