Medical & Pharmacy

Delivering Value Through Insight™ across medical & pharmacy supply costs

Cost optimization in medical & pharmacy

Medical supplies, pharmaceuticals, and related services are essential in healthcare facilities in providing patients with the care they need.

From doctor’s offices to hospitals to long-term care locations, facilities depend on medical supplies, devices, medical equipment, and pharmaceuticals to offer optimal services in maintaining patients’ health.

With many suppliers serving the marketplace, selecting providers to meet a company’s needs in this area can be overwhelming.

ERA Group works closely with each client to review company expenses to determine if additional reductions in medical supply costs are achievable.

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Medical supply

This category incorporates various medical equipment and supplies needed by hospitals, physician offices and clinics, and even company business offices. Medical office supplies include items such as folders and forms, while other supplies range from gloves to walkers. Medical device companies provide hospital medical supplies such as patient monitors, ventilators, and pacemakers.

With many medical suppliers in the marketplace, including medical equipment companies, selecting providers to meet a company’s needs in this non-core expense area can be overwhelming.

Businesses rely on ERA Grop’s trusted advisors. Working closely with each client, our experienced consultants review expenses to see if additional reductions in medical supply costs are achievable, ultimately improving cash flow.

Medical services

Companies provide medical services, such as health care benefits, to employees as part of an overall compensation package. Yet, as health care costs escalate and spending increases, employees may pay more for their company health insurance.

Employer-sponsored insurance coverage for employees is known as group health insurance. Health insurance options—plans and pricing—vary by provider. Are there reasonably priced health insurance options for smaller businesses, or are there other choices for low-cost medical insurance?

Given the number of available providers offering health insurance services, it probably isn’t practical for an organization to dedicate a significant amount of time or resources to managing suppliers in this cost category.

By reviewing a company’s health insurance costs — and supplier markets — ERA Group consultants help businesses determine if there are additional cost-savings opportunities. Recommendations on how to lower healthcare costs can lead to additional cash flow.


In the area of medical services, rising pharmacy prices present a real hardship for many consumers and employers. With the increasing cost of medications, along with escalating costs for pharmacy equipment and supplies, organizations continue to search for solutions to reduce pharmacy expenses. Some companies have turned to pharmacy benefit management (PBM) providers to help them control drug spending and utilization.

Pharmacy benefit management providers oversee a company’s prescription drug program by serving as an intermediary between health plans, pharmacy companies, retail pharmacies, and patients to control drug spending and utilization. They encourage the use of generics and other lower-cost medications. Yet, whether or not a company is using a PBM supplier to help them manage costs, additional cost-saving opportunities may exist.

Is the incumbent PBM offering the best services at the lowest possible cost? What about expenses for other pharmacy products or pharmacy equipment? ERA consultants work with businesses nationwide to maximize cash flow, reviewing expenses to evaluate cost-saving opportunities.

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