Name: Premier CognitiveRx
Author: Premier, Inc

Customer Success Management Training

Customer Training

Help Desk

Web and Video Conferencing

Customer Support

Accessibility Testing

Continuous Integration

Feature Management

Development

Virtual Classroom

Education

Business Intelligence (BI)

Collaboration

Enterprise

Accounting

SaaS Spend Management

Treasury Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Onboarding

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

AIOps

API Management

Cloud Storage

Configuration Management

Custom Software Development Services

Cybersecurity Consulting

Database-as-a-Service (DBaaS)

Fraud Detection

Game Engine

Integration Platform as a Service (iPaaS)

LAN Switches

Managed Detection and Response (MDR)

Managed Public Cloud Infrastructure

Mobile Data Security

Network Behavior Analysis

Network Performance Monitoring

Sensitive Data Discovery

Service Desk Outsourcing

Software Composition Analysis (SCA)

Vendor Risk Management

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Ecommerce Personalization

Email Marketing

Market Research

Marketing Automation

Marketing Resource Management

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Customer Onboarding

Customer Relationship Management (CRM)

Point of Sale

Sales Enablement

Sales Incentive Compensation Management

Sales Performance Management

eCommerce Analytics

Sales

Cloud Infrastructure Entitlement Management

Cloud Security Posture Management

Secure Service Edge (SSE)

Security

Banking

Church Management

Financial Services CRM

Geographic Information

Internet of Medical Things

Medical Office EMR & EHR

Mental Health

Online Voting

Revenue Cycle Management (RCM)

Vertical-Specific

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CognitiveRx is a pharmacy supply chain tool offered by Premier. According to the vendor, this solution utilizes integrated artificial intelligence and machine learning to provide actionable insights for pharmacies. The product aims to uncover value, enable preparedness, and generate efficiency in the pharmacy supply chain. It is designed to cater to a wide range of businesses, including pharmacies, pharmacy supply chain management, pharmacy purchasing teams, pharmacy clinical teams, and healthcare systems.

## Key Features

**Drug Disruption Manager**: According to the vendor, CognitiveRx's Drug Disruption Manager helps pharmacies be resilient and prepared for drug shortages. It utilizes the proven Drug Shortage Alert model to identify drugs at risk for shortage an average of 128 days before an official announcement. By sourcing clinically appropriate alternative items ahead of other health systems, pharmacies can create proactive contingency plans.

**Pricing Increase Predictions**: The vendor states that CognitiveRx leverages data science and machine learning to predict drug price increases. This feature helps pharmacy teams review price increase predictions ahead of time, enabling smart advanced-buy purchase decisions.

**Drug Shortage Alerts**: According to the vendor, CognitiveRx provides Drug Shortage Alerts to prepare pharmacies and clinical teams ahead of a drug shortage. It utilizes over 30 different attributes to identify drugs with an elevated shortage risk.

**Margin Analysis**: The CognitiveRx Margin Modeler enables quick and efficient margin analysis for pharmacies, as per the vendor. This tool automatically pulls and adjusts all wholesaler purchase history to HCPCS-level volumes and cost, allowing for a final margin summary compared to defined reimbursement rules.

**Inventory Optimization**: The vendor claims that CognitiveRx's Inventory Optimization feature helps pharmacies optimize their inventory management. Utilizing advanced algorithms and machine learning, this tool aims to maintain optimal stock levels, reduce waste, and improve operational efficiency.

**Demand Forecasting**: According to the vendor, CognitiveRx's Demand Forecasting feature improves forecasting accuracy and inventory planning. By analyzing historical data and utilizing predictive analytics, this tool provides insights into future demand trends, enabling pharmacies to optimize inventory levels and ensure product availability.

**Supply Chain Visibility**: The vendor states that CognitiveRx's Supply Chain Visibility feature provides real-time visibility into the pharmacy supply chain. It allows pharmacies to track and monitor the movement of medications and supplies from manufacturers to pharmacies, ensuring timely delivery and reducing the risk of stockouts.

**Order Automation**: According to the vendor, CognitiveRx's Order Automation feature streamlines the pharmacy's ordering process. This tool automates the ordering of medications and supplies based on predefined rules and inventory levels, reducing manual effort and optimizing inventory management.

**Vendor Performance Analytics**: The vendor claims that CognitiveRx's Vendor Performance Analytics feature helps evaluate vendor performance and make informed decisions. This tool provides comprehensive analytics on vendor performance, including on-time delivery, product quality, and pricing, allowing pharmacies to optimize their supplier relationships.

**Clinical Decision Support**: According to the vendor, CognitiveRx's Clinical Decision Support feature enhances clinical decision-making. Leveraging artificial intelligence and machine learning, this tool provides evidence-based recommendations and alerts for medication therapy management, aiming to ensure patient safety and improved outcomes.

CognitiveRx by Premier Inc makes uses a pharmacy’s purchase data to deliver insights that uncover value, enable preparedness and generate efficiency in the pharmacy supply chain.

Backstage is a pharmacy-focused CRM and marketing platform, from closerlook in Chicago.

Yearly

6-Month

Monthly

Premier CognitiveRx

Pharmacy Software makes drug information and risk more easily accessible to pharmacists and those seeking medication, can suggest replacement medication when a replacement is needed, offer inventory management features, and best practice information.Finally, the software can aid in the administration of meds, for instance by matching prescription to proper dosage, etc.

Pharmacy

Premier, Inc

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What is Premier CognitiveRx?