Reduce Pharmacy Related Expenses
Soaring drug costs for Medicare A, Medicare D and non-covered items is a nightmare for any senior care provider and it often results in hardships for facilities and residents.
Because of our GrandAdvantage and COSMO (Criteria for Optimized Senior Medication Outcomes) programs the percentage of residents on an antianxiety or hypnotic medication is 12.03% lower than the federal average. See more results from these programs.
What is the GrandAdvantage™ program?
Comprehensive Fiscal Management
Manage costs & reduce financial liability: Our GrandAdvantage™ program is a proprietary program combining comprehensive fiscal management to help you manage pharmacy costs and reduce financial liability from intervention at pre-admission through resident discharge or payor source.
Preliminary Cost Analysis: Potential Resident Medication
Intake Evaluations: Internal Pharmacy
Recommendations: Therapeutic Substitution
COSMO: Evidence-Based and Value-Driven Therapeutic Interchange
Trouble Shooting & Support: Non-Covered / Prior Authorization Medications
Crediting: Returned Medication
“Just changing 1 medication per resident through our GrandAdvantage™ Program equals $159,600 in savings per year. Figure based on a 100-bed dually certified SNF/NF building.”
How GrandAdvantage™ Can Help Your Facility
Reimbursement opportunities: With the many reimbursement changes that are arriving in long-term care, you cannot afford NOT to implement this program! The average cost savings to a facility for each brand medication therapeutically substituted for an equivalent generic product is $60-$70 dollars.
Generic substitutions: Could mean hundreds of dollars in savings for every resident, every month! Lowering the cost of medications upon admission in addition to taking advantage of credits for unused medication is a win-win for your facility and your residents.
Save with the GrandAdvantage™ Program Today
Experience superior cost savings: The program is already in place at GrandView Pharmacy. You just need to make sure that your building is taking advantage of this program with every potential admission. If you are currently not contracting GrandView Pharmacy BEFORE you admit a Medicare A resident and experience superior cost savings today!
More Senior Community Services
Looking for more reasons long term care and senior communities choose GrandView Pharmacy? Click here to learn more.
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Deficiency free survey from the Indiana State Board of Pharmacy
In the spring of 2017, the GrandView Pharmacy locations in Brownsburg, IN and Fort Wayne, IN were awarded a deficiency free survey from the Indiana State Board of Pharmacy. We’re extremely proud of our team members who worked hard to accomplish this goal. Read more about it here.