Price Rx for Retail Pharmacies

Pharmaceutical costs are increasing. You need to have confidence that you are paying and receiving fair prices. Turn to the leading provider of drug data pricing information to help you drive down costs. While other tools may promise, Price Rx delivers:

Uses

Current drug pricing information is critical to staying apprised of product changes and current market conditions. Price Rx is essential for multiple functions:

  • Seeing who is new in the marketplace
  • Making sure you don't miss a price increase
  • Find out generics for brands

Technology

The tool possesses enhanced technology for greater user efficiency:

  • On-line access to drug information at anytime and any place
  • Automated daily e-mail alerts notifying users of the latest data updates
  • Easily transfer data in and out of the application (export data to Excel or Adobe PDF and import data from external files or other applications)
  • Comprehensive help function embedded in the tool

Data

The product delivers current, comprehensive, reliable pricing and product data:

  • More than 170,000 products with 48 months of inactive data
  • Current and comprehensive historical prices based on AWP, ASP, DP, CMS FUL, NADAC and WAC
  • Medi-Span's proprietary Average Average Wholesale Price (AAWP), Generic Equivalent Average Price (GEAP), Average WAC (AWAC), and Generic Equivalent WAC (GEWAC)
  • Payment Allowance Limit for Medicare Part B drugs
  • Clinical-dosing information to calculate daily therapy costs
  • Drug Application Type data elements include NDA, ANDA, and BLA indicators
  • Medi-Span's proprietary Brand Probability data to assist with brand/generic determinations

Capabilities

Key product functions include powerful search, alerts and reporting and analytic capabilities:

  • Search by manufacturer, NDC, UPC, HRI, USC, trade and generic name and by Medi-Span's generic product identifier (GPI) therapeutic classification system
  • Create multiple e-mail alerts to inform users of recent data changes
  • View, save, or print complete product information reports for any NDC or UPC anywhere in the application
  • Customize reports to accurately and effectively analyze pricing information
  • Graph and compare historical prices or compare current prices across therapeutic classes and forecast future pricing trends
  • Analyze pricing changes over user-specified time intervals at various therapeutic classification system levels
  • Dedicated customer support allows users to seek personalized assistance for individual needs

For retail pharmacies, rising pharmaceutical costs present new challenges to both business success and patient care. Keeping apprised of competitive drug data can be daunting. To help effectively analyze market trends and compare wholesaler prices to keep costs down, pharmacies need a powerful and up to date drug pricing and information tool.

Price Rx is a Web-based drug price analysis and reference application designed to meet the demanding requirements of retail pharmacies.

Versions

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