Monarch helps hospital pharmacies count medications and turn inventory data into detailed reports. We can apply GPO, WAC, and 340B pricing and organize results by drug descriptions, forms, therapeutic codes, and DEA class codes.
Our team coordinates the count schedule with your pharmacy staff to work around patient-care priorities. From medications stored across clinics to kits and patient-labelled drugs, we plan the count and reporting requirements with your team so the results reflect your hospital’s operations.
We are also familiar with the granularity of data that is required. We can provide inventory reporting that is seamless with actionable and reviewable data. Our team is adaptive enough to handle any specific requests you have. We know you need more than just a quantity count.
We’re familiar with the challenge of applying GPO, WAC, and 340b pricing to a series of drugs. We know campuses will contain inventory from other clinics. We won’t forget about your kits throughout the system. We understand patient labelled drugs. We’re well aware of those VFC vaccines in that fridge. We realize there will be IDS. Our team will collaborate with your staff with all appropriate inquiries to provide the most precise snapshot.
A hospital inventory is more than just a financial number. You need to be able to take action with your data. Monarch has the technology to attach drug-related categories to your inventory data. Reports can be built using generic descriptions, drug forms, therapeutic codes (AHFS), DEA class codes, etc. You will have detailed insight and confidently know what’s actually in your inventory.
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Our subscription to the electronic Redbook allows us to apply various pricing structures to the same NDC based on whether in GPO, 340b, or WAC. We can produce isolated totals for each structure, giving you greater insight into your inventory.
Our teams are very familiar with the day-to-day workings of a hospital pharmacy and understand that taking care of your patients is the number one priority. We will coordinate our count schedule to target areas that keep us out of the way as much as possible.
Yes. Our default results will give you the full selection of collected data. If there are any specific data fields that you are interested in seeing reports for, just let us know during the planning stage and we’ll be sure to include them.