Trulla Reveals Impact on Hospital Pharmacy Costs
With over a billion dollars in accumulated annual drug spend now being monitored by Trulla's software and analytics, customers are identifying tens of millions of dollars in opportunity to deliver to their system's bottom line.
DRAPER, Utah, March 30, 2022 (Newswire.com) - Trulla, the industry leader in pharmacy procurement and analytics solutions, has seen impressive growth in recent months after signing additional key accounts and growing the use of its solutions to hundreds of hospital and clinic locations across the U.S.
Bolstered by industry veteran insights, Trulla helps health systems better manage the purchasing of medications in today's complex supply chain environment. Momentum has recently boomed with key signings across the country:
- A notable health system in the Northeast signed and implemented Trulla's Analytics, which are actionable analytics that direct one to their biggest cost savings opportunities within pharmacy procurement. Within the first 10 days of going live, this health system shared they had already saved enough money to justify their investment.
- Another health system in the southeast is now implementing both Trulla's Analytics and Software and to better optimize all their pharmacy procurement across all their hospitals and clinics. Trulla's Analytics were recently turned on for this client, and they've already identified over $10 million in savings to pursue.
- A large multi-state IDN with over 50 hospitals also signed to utilize Trulla's Software & Analytics to help them optimize and standardize their $1 billion drug spend across their entire system.
With over a billion dollars in accumulated annual drug spend now being monitored by Trulla's software and analytics, including complex 340B purchasing, customers are identifying tens of millions of dollars in opportunity to deliver to their system's bottom line. Starting with an easily deployed analytics platform that can rapidly identify opportunity, Trulla's software can also be implemented to take action on those opportunities and drive compliance to optimal NDC ordering, capturing savings with every pharmacy purchase.
"It's exciting to see the transformation of pharmacy procurement happening across the industry," says Trulla's CEO, Curtis McEntire, a veteran in pharmacy supply chain. "Health systems are now aware of the opportunity, and it is our job to help our clients capture the savings. What drives us every day is our ability, through our skillset and our solutions, to make a massive difference in this large and complex category of pharmacy purchasing."
About Trulla
Trulla (www.trullarx.com) is a software and services company specializing in pharmacy procurement for hospitals, clinics, and health systems. Trulla's solution is centered on its procurement software and actionable analytics to both identify and drive cost savings with every pharmacy purchase. Trulla has a diverse team of pharmacy expertise with specialties in supply chain, technology, pharmacy operations, and corporate pharmacy management. As a solution built for pharmacy by pharmacy and supply chain experts, Trulla is foundational to optimizing the pharmacy supply chain.
Source: Trulla, LLC.