U.S. Communities

Market Basket Guidelines and Data Request

Making it Easier to Save Money

 
 

Why a Market Basket?

Premier offers over 1,390 agreements and more than 100,000 products. To find out the pricing your agency can receive, request a market basket.

What is a market basket? It’s an analysis of your top medical purchases. We will match up your items with items available on the Premier agreement showing you the savings. This is the most efficient way to demonstrate how the program will meet your needs. Once you have become a member, you will have the option to look at more than 1,390 agreements.

Market Basket Analysis Data Requests

What follows are guidelines and templates that enables Premier to provide you with the following analyses:

  • Med/Surg product pricing analysis on items in the top 80% of your med/surg spend. The standard analysis will include Premier’s price for exact matched items as well as functional equivalents and functional alternatives where exacts are not available.
  • Pharmacy product pricing analysis on items in the top 80% of your pharmacy spend or top 100-150 items. The standard analysis will include Premier’s Price for Exact Matches unless significant savings are available for lower cost Functional Equivalents.

The specific data requested is detailed below for each type of analysis.  All data should be submitted electronically (email / CD / etc). The preferred format is a Microsoft Excel spreadsheet.  Please be sure to include field headers in each file. Adherence to the field order below is suggested but not required.

Med/Surg Product Pricing Analysis

Please submit the data as indicated below:

  • Selected items/products that make up the top 80% of your med/surg spend for the most recent 12 month period if possible. The selected items should be products which are most important to you; our experience suggestions that this is usually no more than 100 - 150 items. 
  • Please be aware that if custom or capitated products are included, we may not be able to accurately match or provide pricing unless the component list of each product is also submitted.

  • Should you not have access to this information your medical/surgical distributor can supply a report of your past 12 month’s purchases.  This is frequently called a velocity or usage report and it can be supplied in an Excel format.  If you use their online order entry tools you can frequently download this report yourself in an Excel format.  If their format does not match the template below, don’t worry, send it to us and we can determine if you have the correct data to perform the analysis.

  • Indicate the date range of each file (i.e. 03/01/2013-2/28/2014) so that we may annualize it if necessary. 

A suggested data submission template has been provided, however, if a standard/existing facility report (in an Excel format) is available that minimally includes the fields below, feel free to submit an existing report.

Exhibit B 

Med/Surge Data Submission Template 

 

Pharmacy Product Pricing Analysis

Please submit the required data as indicated below for:

  • Items in the top 80% of your pharmacy spend or top 100 GPO contracted items for the most recent 12 month period.
  • Exclude any 340B items (if applicable) purchased in 12 month period that appear in the data submitted.  340B pricing is controlled by the Federal Government and GPO pricing will not have an impact.
  • Indicate the date range of each file (e.g. 03/01/07-2/29/08) so that we may annualize it if necessary.
  • Provide the Wholesaler Margin % if applicable.

The best option is to submit a wholesaler 80/20 report which is available from your pharmacy distributor (wholesaler). However, data may be submitted following the template provided or if a standard/existing facility report is available that minimally includes the fields below, feel free to submit an existing file.  

Exhibit D

Rx Data Submission Template

 
What is a marketbasket and why do I need to participate in it?