MedWise provides nursing facilities with an industry proven medication cost management service to oversee and manage their pharmacy costs.  We achieve pharmacy cost savings for our nursing facility clients by implementing preferred pricing and formulary management protocols, as well as ongoing oversight of all aspects of pharmacy services.

MedWise provides nursing facilities with an effective cost containment system by:

  • Analyzing the facility’s pharmacy spend for cost savings opportunity
  • Negotiating the facility’s contracted pharmacy services on behalf of the facility, to enact MedWise preferred pricing
  • Implementing adjudication services via an electronic interface between MedWise and the long term care pharmacy
  • Providing ongoing medication cost management through formulary programs