Smart Pricing for Smarter Healthcare: Real-Time Quotation System for the Pharmaceutical Sector

The Problem 

Drug pricing Pharmaceuticals face difficulties with their drug pricing because of the disparity of the supplier price and baroque market margins. Manually finding the "best" vendor across multiple NDCs is inefficient and ineffective-resulting in lost purchasing power and diminished profit. 

The Solution 

Our AI-based real-time quote system utilizes historical pricing data to identify patterns, predict ideal buy/sell times, and provide accurate price predictions in real-time. Developed in Python and visualized in Power BI, this solution enables pharmacies to make better, faster, and more profitable purchase decisions. 

The Results 

• Best Buying Strategy – Easily determine the least expensive suppliers 

• More Revenue – Sell more consistently at higher margin numbers (thanks to accurate predictions). 

• Live Price Predictions – Be competitive in an ever-changing market! 

• Better decisions – Access to data for better negotiations with vendors 

• Cost savings - Remove manual price comparisons and save time and money 

• Scale-able Benefit – Apply to other drugs for continued benefits 
  

Want to See the Results in Action?- Download the Full Case Study to learn how AI-powered pricing transformed a leading US pharmacy’s profitability and decision-making.