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Pharmacy Financial Performance
Help Your Tribal Pharmacy Capture More Value
Your pharmacy does more than dispense prescriptions. It is an important part of your Tribal healthcare program and the financial performance of that pharmacy can affect the resources available to serve your community.
Tribal Procurement Partners (TPP) works with Tribal pharmacies to identify opportunities to reduce pharmacy costs, improve 340B performance, increase referral capture and recover revenue that may be going unrealized.
- Native American-Owned
- Focused on Tribal Pharmacies
- Healthcare & Pharmacy Partnerships
- Member-Focused Approach
A broader view of performance
What Is Pharmacy Financial Performance?
Pharmacy financial performance is about understanding how effectively a pharmacy program is managing its costs, generating revenue and using the resources available to it.
For Tribal pharmacies, that can involve much more than the price of a prescription.
Purchasing decisions, 340B performance, referral opportunities, reimbursement, pharmacy operations and other parts of the pharmacy program can all influence the value a pharmacy creates.
TPP helps Tribal pharmacies look at these areas together to identify opportunities that may otherwise be overlooked.
The goal is not simply to reduce spending. It is to help your pharmacy make the most of the resources it already has.
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Are we capturing all the value our pharmacy program could be generating?
TPP helps Tribal pharmacies take a closer look.
We work with your organization to identify areas where there may be opportunities to improve financial performance, then help determine which opportunities are worth pursuing.
The opportunity
Your Pharmacy May Be Generating More Value Than You Realize
Pharmacy programs operate in a complex environment.
Costs change. Purchasing arrangements evolve. Referral patterns shift. Reimbursement requirements can be difficult to navigate. And opportunities within a pharmacy program may not always be visible when different parts of the operation are managed separately.
That can make it difficult for pharmacy leaders to answer an important question:
How we help
Where TPP Helps Identify Opportunity
Every Tribal pharmacy is different. There is no single financial strategy that works for every organization.
Our work focuses on the areas where opportunities may exist for your pharmacy.
Reduce Pharmacy Costs
Purchasing and operating costs can have a significant impact on pharmacy performance. TPP helps identify opportunities to manage pharmacy costs and make better use of available purchasing resources. This can include evaluating purchasing practices, supplier relationships and other areas where your pharmacy may have opportunities to improve.
Improve 340B Performance
For eligible Tribal healthcare organizations, 340B can be an important part of pharmacy financial performance. TPP helps identify opportunities to improve 340B performance based on the needs, structure and circumstances of each pharmacy program. We focus on identifying opportunities—not making unsupported promises about savings or revenue
Increase Referral Capture
A pharmacy may have opportunities to capture eligible prescriptions that are currently being filled elsewhere. TPP helps organizations examine referral patterns and identify opportunities that may support greater prescription capture and stronger pharmacy program performance.
Recover Unrealized Revenue
Revenue opportunities can sometimes be missed within the day-to-day operation of a pharmacy. TPP works with Tribal pharmacies to identify areas where revenue may be going unrealized and explore practical ways to capture more of the value generated by the pharmacy program.
Strengthen Pharmacy Operations
Financial performance doesn't exist separately from operations. Workflows, purchasing practices, relationships, technology and other operational factors can all influence how effectively a pharmacy program performs. TPP works with experienced healthcare and pharmacy organizations to help identify operational opportunities that may support stronger performance.
Why TPP
Built Around Tribal Pharmacy Needs
Generic pharmacy consulting isn’t designed around the realities of Tribal healthcare.
Our focus is exclusively connected to Tribal pharmacies and Tribal healthcare organizations. That allows our approach to stay focused on the priorities that matter to the organizations we serve.
We understand that improving financial performance is not about making decisions in isolation.
- A purchasing change may affect operations.
- A referral strategy may affect pharmacy volume.
- A 340B opportunity may require changes elsewhere in the program.
- And every decision needs to make sense for the organization implementing it.
That's why TPP focuses on:
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Identifying opportunities
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Understanding the bigger picture
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Connecting the right expertise
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Respecting your decisions
Member Autonomy
Collective Purchasing. Individual Decisions.
Reducing costs is important.
But cost reduction is only one part of the picture.
A stronger pharmacy program can also depend on how effectively it captures revenue, uses available programs, manages purchasing and supports prescription volume.
That’s why TPP looks at financial performance more broadly.
Where might there be opportunities to strengthen 340B performance?
The answers will be different for every organization.
That’s why our approach starts with your pharmacy—not a one-size-fits-all formula.
Why this matters
More Pharmacy Value Can Mean More Resources for Tribal Healthcare
The purpose of improving pharmacy financial performance isn’t simply to make a spreadsheet look better.
It’s about what stronger performance can make possible.
When a pharmacy manages its resources effectively and identifies opportunities to capture more value, those resources can remain within the Tribal healthcare system and support the people and communities it serves.
That’s central to TPP’s mission.
Help Tribal pharmacies maximize the dollars generated by their pharmacy programs so more resources can remain within Tribal healthcare and be reinvested in the communities they serve.
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You know your organization. We bring another perspective, additional resources and opportunities worth evaluating.
TRIBAL PROCUREMENT PARTNERS
A collaborative partnership
A Partner Focused on Your Pharmacy's Long-Term Performance
Improving pharmacy financial performance isn’t always about finding one big opportunity.
Sometimes it means identifying several smaller opportunities and understanding how they work together.
TPP takes a collaborative approach—working with Tribal pharmacies to understand their goals, identify opportunities and connect them with relevant healthcare and pharmacy resources.
We don’t believe your pharmacy should have to give up control to gain greater opportunity.
Get Started
Let's Help Your Pharmacy Capture More Value
Every Tribal pharmacy has its own needs and goals. Tribal Procurement Partners works with pharmacies to identify opportunities that can support stronger purchasing and financial performance.
Connect with TPP to learn more about our approach and how we work with Tribal pharmacies.
Send TPP a Message
FAQ
Frequently Asked Questions
What is Tribal pharmacy financial performance?
How can TPP help improve a Tribal pharmacy's financial performance?
Does TPP guarantee savings or additional revenue?
Does TPP provide 340B support?
Can TPP help a pharmacy that already has established suppliers?
Is Your Pharmacy Capturing All the Value It Can?
You may already have strong people, established suppliers and a pharmacy program that serves your community well.
The question is whether there are additional opportunities you haven’t had the time, resources or visibility to identify.