20 WAYS improving patient care & pharmacy cost containment Tactical Services by S/T Health Group Consulting, Inc. S/T Health Group Consulting, Inc. services have been proven in hospitals and healthcare systems across the U.S., with millions of dollars in cost savings captured. Winter 201 1 issue I heal th system • infusion 13 Founded: 1998 Toll Free Phone: 1 (866) 247-STHG Phone: (281) 491-5555 Address: 10701 Corporate Drive, Suite 375 Stafford, TX 77477 Website: www.sthealthgroup.com E-mail: marketing@sthealthgroup.com S/T Health Group Background S/T Health Group pioneered the practice of contract price integrity verification in 1998, helping hospitals recover previously hidden costs in the pharmaceutical supply chain. Today, our business reflects the ever-growing complexity of the hospital pharmacy market, with an emphasis on consultative services that provide big-picture solutions to procurement and management issues. Our extensive staff background in the pharmaceutical industry and hospital pharmacy operations gives S/T Health Group a unique perspective on the challenges you face. Our pharmacy and supply chain knowledge and insight is unbeatable; our strong working relationships with all of the major drug wholesalers and manufacturers are unmatched. Services Overview S/T Health Group’s people come from the healthcare industry and healthcare is our only focus. Our mission is to apply our expertise and experience in healthcare operations and information technology to come alongside of our clients to create solutions that improve bottom line results by recovering hidden costs and maximizing efficiency and effectiveness in the entire supply chain. Our services are comprehensive, turnkey solutions for today’s health care cost containment challenges. While we provide autonomous solutions to your cost containment and data analysis issues, your time is freed up to focus on what you do best... taking care of patients. Whether it is invoice cost recovery, contract purchasing management, charge master analysis and maintenance or any other type of large data file analysis and management, we look forward to working with you in support of your organization’s mission. Tactical Services Benefits n Contract Compliance and Optimization Process • Review of contemporary purchasing records with application of our proprietary algorithms and resources to analyze pharmaceutical contract compliance and identify opportunities to maximize the benefit of your pharmaceutical contract portfolio. • This monthly reporting can be performed on a corporate, regional and individual hospital level. The criteria for each product recommended conversion is on a generic level to identify purchases not compliant to the least cost awarded item as well as opportunities to reduce cost of sales through strategic selection of the best selection in the portfolio. • STHG can also monitor responses from individual hospital pharmacies to each monthly contract compliance recommendation and summarize the findings for corporate pharmacy and purchasing management, with results and give feedback regarding trends on products and purchasing patterns. n Charge Master Accuracy and Performance • Full turnkey service • Compare charge descriptions to actual purchasing history and assess patient pricing against current acquisition costs • Ensure accuracy between ancillary systems and the CDM • Verify compliance with CMS, HCPCS, and APC coding • Help you manage risk by ensuring accuracy in patient billing • Maximize revenue by aligning prices with actual costs and assuring correct HCPCS coding n NDC Monitoring Service • Provides a standardized and repeatable process for NDC maintenance. • Centralizes the NDC maintenance process • Provides charge master quality assurance by confirming if the NDC number on record in the hospital pharmacy system is appropriate for the associated charge master charge code description. Other Cost Saving Services • Contract Price Verification Service • Operational Financial Recoveries • Custom Cost Recovery, Auditing and Analysis Services
20Ways Winter 2011 Issue: Health System - Infusion
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