SpendMend and S/T Health Group Expand Strategic Alliance to Ensure Pharmacy Pricing

Healthcare industry technology leaders combine their best-of-breed solutions to help hospitals control costs and reduce risk in their pharmacy spend.

GRAND RAPIDS, Mich. - April 2, 2020 - (Newswire.com)

​SpendMend, the leading provider of solutions to optimize the cost-cycle for the healthcare industry, along with S/T Health Group the leading provider of pharmacy cost containment and compliance services, today announced an expansion of their strategic alliance that combines their industry-leading solutions to create an unparalleled offering to help U.S. hospitals validate and ensure pricing from pharmacy wholesalers.

SpendMend and S/T Health Group share a similar value proposition: To grant hospitals improved visibility into their transactions, operations and business relationships while delivering critical insights to help hospitals control costs, reduce risk and better fund patient care.

Through this expanded partnership, hospitals will benefit immediately from enhanced integration into datasets from drug wholesalers, a complete historical price file from the government’s 340B program, and a comprehensive portfolio of GPO pricing. The end-to-end process is touchless for the hospital; all communication and processing is performed by the technology-aided solution and transferred to the end-users through a secure portal.

“In SpendMend, we see a firm that shares our passion for putting the hospital first, and in doing this, supporting patient care,” states Mickey Shivitz, S/T Health Group Vice President and co-founder. “The combined goal of our two companies is to bring Finance, Supply Chain and Pharmacy decision-makers together to help deliver unique value to the entire organization.”

“Companies leveraging our parallel solutions will quickly and accurately identify inconsistencies throughout their cost-cycle,” said SpendMend co-founder and CEO Dan Geelhoed. “Our solutions provide the peace of mind that your internal processes are working as designed. If not, we help identify those gaps to recover the dollars and improve efficiencies.”

In support of the newly expanded partnership, Shivitz and Geelhoed will jointly host an educational webinar on “Best Practices for Price Verification in Pharmacy” in April 2020. Shivitz will also join fellow S/T Health Group co-founder Richard Tulio on SpendMend’s TMI podcast to discuss the importance of the supplier community supporting patient care.

About SpendMend

SpendMend delivers visibility, insights and optimization to the cost-cycle for over 250 hospitals and health systems. For 25 years our goal has been to uphold the highest ethical and moral standards, while helping hospitals improve patient care through our delivery of innovative cost-savings solutions, insightful transaction analysis, and improved visibility across business relationships.

About S/T Health Group

S/T Health Group is a specialty consulting company focused on pharmacy informatics and supply chain solutions for healthcare providers. S/T Health Group provides data analysis services that help hospitals and healthcare systems control and reduce costs in the pharmaceutical supply chain through contract price integrity verification, contract compliance and blended portfolio pricing optimization, analysis of purchasing and utilization trends, and compliance audits and analytics in the 340B space.

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Original Source: SpendMend and S/T Health Group Expand Strategic Alliance to Ensure Pharmacy Pricing