Financial Stewardship

Identify and eliminate unnecessary expenses across your operations, leading to improved financial efficiency and pharmacy revenue management. The rising drug costs and reimbursement reductions significantly impact hospitals and pharmacy departments. Increased expenses on essential medications and medical supplies strain budgets, while reduced reimbursements can also lead to revenue loss. To respond to the rise in labor costs posed by inflation, labor shortages, and turnover, we leverage advanced financial analytics and strategic planning to help healthcare providers optimize staffing levels, streamline operations, and mitigate the impact of increased labor expenses on their bottom line. Our tailored solutions enable organizations to adapt to dynamic market conditions, maximize resource allocation, and maintain financial stability amidst evolving labor market trends.

Our cost reduction strategies and finance optimization services for pharmacy departments also help you analyze spending patterns to identify areas where you can optimize your spending, including drug purchasing to optimize WAC vs. GPO vs. 340B accounts, drug rebate capture, reduction of drug waste, and productivity benchmarking. We also explore new streams of income, from medication adherence programs to point-of-care testing, to help you capitalize on untapped opportunities within your existing operations.

By leveraging advanced analytics and financial modeling tools, Atomic Healthcare Solutions helps you understand your current spending patterns, identify drug cost-saving opportunities, and develop strategies to manage your finances effectively.

We explore and implement finance management strategies for pharmacies which involve a thorough evaluation of your existing revenue streams and reimbursement processes. We maximize existing reimbursement by reviewing price schedules, prior authorizations, and denials for outpatient infusion centers. By analyzing reimbursement data, we identify opportunities for optimization and ensure that providers receive the full compensation they are entitled to for their services. This includes scrutinizing pricing structures to align with industry standards and negotiating with payers to secure fair reimbursement rates. Through comprehensive denial management strategies, we identify the root causes of denials, strengthen your prior authorization protocols, and implement corrective actions.

Atomic Healthcare Solutions also explores innovative strategies like developing a Specialty Pharmacy Program to allow you to dispense high-cost, specialty medications directly to patients and capture additional revenue streams that traditional outpatient infusion centers or clinics might miss by evaluating site-of-care strategies.

By implementing these strategic initiatives and leveraging opportunities for revenue enhancement, we ensure your organization is financially resilient and well-positioned for sustained growth.

Ensure your contracts with various healthcare entities are favorable, fair, and aligned with your financial goals. At Atomic Healthcare Solutions, we assist you in optimizing your relationships with Group Purchasing Organizations (GPOs) by managing contracts effectively. We evaluate existing GPO agreements, identify opportunities for optimization or renegotiation, and ensure compliance with contractual terms to maximize savings and value.