PMC Pharmacy saves $26,000 annually after partnering with ERA to examine its pharmaceutical drug costs.
PMC Pharmacy, a leading medication management company serving Pennsylvania, New Jersey, and Delaware, provides medications to clients of long-term care facilities, group homes, hospice organizations, and more. The pharmacy’s leadership sought the help of ERA’s healthcare specialists after its current supplier restricted the pharmacy’s ordering limits for certain medications — cutting the volume by a third.
ERA’s specialists were tasked with the goal of finding a new wholesale pharmaceutical supplier with less restrictive terms, lower costs, and more transparency.
While reviewing proposals from new and incumbent suppliers, ERA comparatively analyzed and identified substantial improvements achievable via a new supplier, including increased transparency, lower pricing, and a purchase volume discount structure.
With the newfound savings, PMC Pharmacy leaders report recapturing lost revenue and the ability to continue growing the business.
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"ERA’s team of industry-specific professionals is second to none and provided our team with an exceptional analysis that was easy to understand while providing a clear path forward to help us achieve our objectives. Their professionalism and persistent follow-up with our vendors throughout the negotiation process allowed the timely execution of new agreements that met our desired time frame.”