Pharmaceutical Consulting Services

Pharmacy Expertise

Pharmacy is a vital function of healthcare organizations, and the demand is only continuing to grow as the median age of the population increases, and with it, the number of individuals who require medication to treat health issues. Pharmacy operations represent approximately 13-15% of a hospital’s total non-labor spend.

Pharmacy encompasses a large scope of services across several different mediums. As pharmacy operations continue to grow, it becomes increasingly more difficult to standardize practices across a system and navigate the complexities of the healthcare and pharmacy supply chain. Given the vast size of pharmacy industry, inconsistencies come at a large cost to the organization, however, change can be difficult, especially when bandwidth is limited among team members. This results in healthcare organizations accepting the disorganized state of operation instead of optimizing workflow to maximize benefits.

Get Pharmacy Operations Consulting

Who We Work With

  • Pharmacy Director 
  • Managed Care Director 
  • Supply Chain Team
  • Clinical Leadership

Pharmacy Solutions & Benefits

  • Implement correct billing/coding practices
  • Optimize contract costs (340B vs. GPO vs. WAC)
  • Reference drug to biosimilar conversion 
  • Drug wholesaler rationalization

13-15%

Typical Spend: % of Non-Salary Spend

$152M

Spend Reviewed

$5.9M

Impact Driven

5-13%

Typical Impact

Pharmaceutical Consulting Services

Pathstone Partners leverages subject matter experts to provide new insights that complement our customers’ existing strategies and makes it easier to measure productivity in your pharmacy system. Our pharmaceutical consulting services ensures our clients have the most cost effective and efficient pharmacy operations – the right billing practices, optimized contract costs, effective biosimilars, and drug wholesaler rationalization. Our work typically saves hospitals, on average, 5%-13% of pharmacy spend addressed.

Pathstone’s pharmacy consultants have experience identifying the most cost-effective billing practices in both the inpatient and outpatient settings across 340B, GPO, and WAC contracts. Through these efforts, we can optimize contract costs and ensure our customer is purchasing drugs at the most competitive price. Additionally, Pathstone pharmacy experts can analyze our customers’ effectiveness in strategically utilizing biosimilar drugs. Our strategic pharmacy consulting services can also assist with the implementation efforts required for moving reference drug volumes to biosimilar drug volumes.

Areas of Expertise:

  • Delivery
  • Compounding
  • 340B Contract Pharmacy
  • 340B Enhancement
  • Analgesic
  • Anesthesia
  • Antimicrobial
  • Biologic
  • Blood Products
  • Eye/ear/nose/throat
  • Fluids/Nutritional
  • Serums/Vaccines
  • Topical
  • Cabinets
  • Containers & Accessories
  • Distribution
  • Electronic References
  • Formularies
  • Software
  • Billing/Coding
  • Charge Capture
  • Nuclear Pharmacy
  • Pricing
  • Specialty Pharmacy
Pharmaceutical Consulting Services Pharmaceutical Consulting Services

Transform your healthcare organization

Pathstone Partners is a healthcare consulting firm that works collaboratively with healthcare organizations to improve financial and operational performance.

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