Long-term care facilities often leave money on the table with pharmacy contracts that contain hidden fees and missed rebates. Learn what nursing directors should look for before switching providers. To learn more, visit: https://ltcrfp.com/book-appointment
Let's talk about something that costs nursing homes thousands of dollars every year, and most administrators don't even realize it's happening. Your pharmacy contract might be quietly draining your budget while you focus on a hundred other priorities. Here's the thing about pharmacy services in long-term care. The contracts are complicated, the pricing structures are confusing, and unless you've spent years analyzing these agreements, you probably don't know what you don't know. That's not a criticism—it's just reality. You went into healthcare to care for people, not to become an expert in pharmaceutical supply chain economics. But those details matter. A lot. The average facility spends somewhere between eight and twelve percent of its operating budget on pharmacy services. When you're dealing with numbers that big, even small inefficiencies add up fast. Hidden fees buried in page forty-seven of a contract. Rebates that were promised but never appeared on your statements. Pricing that crept up gradually over three years without anyone noticing. And it's not just about money. Service quality affects resident care directly. Late deliveries mean medication gaps. Poor communication creates errors. Compliance problems lead to survey citations. Your pharmacy partner should make your job easier, not harder. So what can you do about it? Start by actually reading your current contract—the whole thing, including the fine print nobody wants to look at. Understand your termination clauses and notice requirements. Figure out what you're actually paying versus what you were quoted when you signed. Then define what you really need from a pharmacy partner before you start shopping around. The RFP process intimidates a lot of people, but it's genuinely the best way to compare vendors fairly. When everyone answers the same questions in the same format, you can see who delivers real value and who just has a good sales pitch. If this sounds like more than you want to tackle alone, you're not the first person to feel that way. The team at LTC RFP specializes in helping facilities just like yours manage every step of the pharmacy selection process, from contract review to transition support. Check out the link in the description to schedule a free assessment and find out if your current pharmacy arrangement is really serving your residents the way it should. LTCRFP City: Vestal Address: 117 Rano Blvd Website: https://ltcrfp.com Email: assist@ltcrfp.com