Navigation Links
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 organization."

For more information about RxLINK™, visit the UHC Web site.

About UHC
UHC is an alliance of the nation's leading nonprofit academic medical centers, which are focused on delivering world-class patient care. Based in Chicago, Ill., UHC fosters collaboration with and among its 115 academic medical center and 258 affiliated hospital members through its renowned programs and services in the areas of comparative data and analytics, performance improvement, supply chain management, strategic research, and public policy. UHC helps its members achieve excellence in quality, safety, and cost-effectiveness. Formed in 1984, UHC's membership includes more than 90% of the nonprofit academic medical centers in the United States. For more information, visit uhc.edu.

About Novation, Winner of the Ethics Inside® Certification
Founded in 1998, Novation is the leading health care supply contracting company for the more than 65,000 members of VHA Inc. and UHC, two national health care alliances, and Provista, LLC. Novation provides alliance members with sourcing services, as well as information and data services. Based in Irving, Tex., Novation develops and manages competitive contracts with more than 600 suppliers. VHA, UHC, and Provista members used Novation contracts to purchase nearly $40 billion in 2010. Novation recently earned the coveted Ethics Inside® Certification from Ethisphere Institute, a leading international think tank dedicated to the research and promotion of best practices in corporate ethics and compliance, and is the only health care group purchasing organization to earn this distinction.


'/>"/>
SOURCE UHC; Novation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Cardinal Health Launches Innovative Barcode Administration Solution to Help Hospitals Bridge Gaps in Medication Safety
2. The Law Firm of Levi & Korsinsky Launches an Investigation Into Possible Breaches of Fiduciary Duties and Unjust Enrichment by the Board of Directors of Abbott Laboratories, Inc.
3. Successful Market Education Strategies and Tactics for New Pharmaceutical Product Launches in the Oncology Therapeutic Area
4. CareFusion Launches Wireless Diagnostic and Monitoring Neurological Device
5. pharmaCline Launches "pharmaCline Can Help" Campaign
6. Mylan Launches Generic Version of Cyklokapron® Injection
7. Advantage Home Telehealth Launches Affiliate Program
8. Mylan Launches Generic Version of Caduet® Tablets
9. NCPA Launches Initiative to Help Independent Community Pharmacies Create Better Business Opportunities for Front-End Merchandise
10. Watson Launches Generic LIPITOR®
11. myMatrixx Launches myRisk Predictor™ a Patent-Pending Risk Assessment Tool
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/22/2017)... Feb. 22, 2017 Summary Provides ... partnering deals and agreements entered into by the worlds ... http://www.reportlinker.com/p03605668-summary/view-report.html Description The Global Non-Small Cell Lung ... understanding and access to partnering deals and agreements entered ... - Trends in partnering deals - Top deals ...
(Date:2/22/2017)... Feb. 22, 2017  Corin Group announced today the ... used to treat patients with both a massive rotator ... The condition, known as cuff tear arthropathy, causes pain ... The Humelock Reversed Shoulder System, which was ... company based near Lyon, France , ...
(Date:2/22/2017)... Research and Markets has announced the ... 2016" report to their offering. ... Dermatological conditions are one ... one-third of the US population suffers from at least one ... the dermatology market has remained saturated with established and generic ...
Breaking Medicine Technology:
(Date:2/22/2017)... ... February 22, 2017 , ... Bellus ... the latest innovation in the delivery of Platelet Rich Plasma (PRP). PRP systems ... pain management, to accelerate tissue synthesis and provide a faster and more efficient ...
(Date:2/22/2017)... ... February 22, 2017 , ... Forty-five percent of American respondents ... family members or friends have also commented about their poor hearing. However, only ... aids. One reason, suggested by 89 percent of American respondents, is that they ...
(Date:2/22/2017)... ... 22, 2017 , ... Pet obesity in the U.S. continued to steadily increase ... Association for Pet Obesity Prevention (APOP). During the ninth annual survey, APOP also found ... benefits of corn and grains, value of raw and organic diets, and the best ...
(Date:2/22/2017)... ... 22, 2017 , ... BrightStar Care Charleston , a home care and ... South Carolina (MUSC) Center on Aging’s Senior Expo on Thursday, March 23, 2017, ... a tremendous resource in our community. We are thrilled to participate in this event ...
(Date:2/22/2017)... ... February 22, 2017 , ... Alto-Shaam is pleased to announce ... Oven offers up to four ovens in one. Control temperature, fan speed and ... evenness in cooking. Alto-Shaam has partnered with Appliance Innovation to introduce this game-changing ...
Breaking Medicine News(10 mins):