Week 7 – R X S T E W A R D S H I P
Moving Toward STRATEGIC RX STEWARDSHIP™
A is for Analytics
“Things get done only if the data we gather can inform and inspire those in a position to make [a] difference.” – Mike Schmoker
If you are a self-funded employer, a benefits advisor, or a provider of employer-based healthcare – you are in a position to make a difference. You have the ability to make healthcare more accessible, more affordable, more efficient and easier to navigate. Your ability to influence change confers upon you a great responsibility. A responsibility to be a good steward of your resources, to be bold, to seek out solutions to complex problems, and to advocate for those you serve or represent. At Northwind, we are privileged to work with individuals and groups who actively engage in this pursuit and we salute your efforts. However, we believe there is more to be done!
Throughout the duration of this blog series, we have made multiple references to our Framework for Strategic Rx Stewardship and its core elements – Insight, Influence and Impact. This week’s blog focuses on Insight, particularly our work with Advanced Analytics and Actionable Insights.
The objective is to convert data into information that will drive the ability to influence wellness behavior through programs and services with the ultimate goal to have a positive impact on overall health outcomes. In fact, we are so committed to this effort that we have made our analytics services cost-free and commitment-free!
ADVANCED ANALYTICS
Leveraging robust data mining capability and expert guidance, Northwind Advanced Analytics utilizes your pharmacy claims file as the basis for providing visibility and understanding of opportunities for increasing the value of your pharmacy investment.
We help you uncover opportunities for savings on direct costs, enhanced rebate procurement, and implementation of clinical programs. Projections for on-site dispensing optimization and/or home delivery are included with the analysis, as is a review of specialty medications – the fastest area of growth within pharmacy spending. Each report provides practical, actionable recommendations for your consideration. With our Lean Six Sigma expertise we can even help you design a road map for implementing and then monitoring the progress of the programs you choose to embark upon.
ADVANCED INSIGHTS
Our Advanced Insights program offers an ongoing review of your pharmacy benefit program. Dashboards are available allowing you to track a variety of metrics to help improve the overall efficiency of your program. Information is provided about hidden trends within segments of your membership. As an example, gaps in preventive care, populations at-risk for poor outcomes, and members likely to be non-compliant with their medications can all be identified so that strategies can be implemented to obtain the best results possible. Should an employer provide access to an employer health center for their membership, our Advanced Insights program is intended to work in collaboration with the medical team to enable the health center to be a true nexus of care for your organization.
Do you want to make a difference but aren’t sure where to start? Do feel like you don’t have the data you need to make an informed decision about next steps? Are you looking for a collaborative partner in your quest to implement and monitor patient care programs? If so, let’s have a conversation and get things done together!
