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UHC Launches RxLINK™, Gives Hospitals Unprecedented Insight Into Pharmaceutical Pricing
Date:12/5/2011

CHICAGO, Dec. 5, 2011 /PRNewswire/ -- UHC, an alliance of the nation's leading nonprofit academic medical centers, announces the launch of RxLINK™, UHC's online tool that gives hospitals unprecedented insight into their pharmacy price performance. RxLINK™ provides UHC pharmacy supply chain members with a better understanding of industry pricing levels and offers a realistic view of pricing by manufacturer, therapeutic class, drug, pharmacy location, and class of trade.

The application, developed by Novation, UHC's supply contracting company, allows users to quickly gain insight into national pharmacy pricing levels by comparing an individual member hospital's pharmacy pricing with that of hundreds of other health care organizations. By accessing these data sets, users can identify cost reduction opportunities and use that knowledge to negotiate better pricing. An RxLINK™ application for mobile devices will soon be available to UHC pharmacy supply chain members.

Features of the tool include:

  • Comparison of performance with that of other organizations
  • True market view of both contract and noncontract items
  • Pricing and performance detail down to the individual product level
  • "Price leveling" opportunities within the organization for pharmacies within the same class of trade
  • Monthly updates for accurate analysis

 

"For hospitals today, it is critical that we effectively and efficiently manage price," said Sam Carros, pharmacy manager, Greenville Hospital System. "RxLINK™ combines UHC's extensive, national database with Novation's experience in spend analytics. This combined strength allows RxLINK™ to give me complete visibility not only into my own hospital's drug spend but also into industry-wide pharmaceutical pricing. This type of visibility is invaluable for my or
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SOURCE UHC; Novation
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