From wholesaler data to reconciled invoice.
Praxia connects with your wholesalers and pharmacy data, compares every line item across your wholesalers, with rebates and contract terms included, and verifies every invoice against order and contract. At every stage, your team reviews the findings and makes the decision.
Where Praxia fits in your operation
Praxia connects your pharmacy data with your wholesaler data and returns clear insight for your team to act on.
Pharmacy operations
Dispensing, usage and on-hand inventory
Usage
&
Inventory
Purchasing, inventory control, compliance and reporting in one system.
Orders your
team approves
team approves
Catalogs,
invoices,
credits
invoices,
credits
Wholesalers and GPO contracts
The primary and secondary accounts you already hold
Inputs
Praxia draws only on data your pharmacy and wholesalers already produce.
Catalogs and costs
Catalog, cost and stock updates from every wholesaler, received continuously through API or direct feed.
Contract and rebate terms
GPO contract terms, rebate schedules, AWP/WAC spreads and volume commitments such as mix ratios.
Dispensing and inventory data
Usage, on-hand quantities and census-driven demand, drawn directly from your existing pharmacy system.
Invoices and credit memos
Line-level invoice and credit data, used to verify each delivery and reconcile every credit.
Outputs
What Praxia delivers back to your team,
ready to review and act on.
ready to review and act on.
What Praxia delivers back to your team, ready to review and act on.
Every opportunity, side by side
Each option across your wholesalers on full cost, including rebates and contract terms, with the reasoning shown. Your team decides.
Dynamic par levels
Reorder points that follow real demand and facility needs, ready for your team to review.
Exception reporting
Discrepancies, shortages, package-size mismatches and missing credits, flagged early so your team can act.
Financial and compliance visibility
Contract standing, expected rebates and negative-margin alerts, brought together for finance and operations.
Six steps from data to decision
From connected data to insight your team acts on.
Connect
Praxia connects to each wholesaler through API or direct feed. Catalogs, stock positions and contract terms stay current, with no portals to check or spreadsheets to upload.
See the full picture
Every line item is evaluated against its full value across your wholesalers, taking into account rebates, AWP/WAC spreads, contract terms, and reimbursement data where available.
Review and decide
Praxia highlights the strongest opportunity on each line and shows the reasoning. Your buyers decide, and any alternative choice is recorded with its reason.
Order through your accounts
Approved orders go out through your existing wholesaler accounts. Dynamic par levels keep reorder points aligned with real demand, reducing days on hand.
Receive and reconcile
Each invoice is checked against the delivery and your contract terms. Shortages, package-size mismatches and missing credits are flagged daily for your team.
Report and improve
More than 80 reports and embedded Power BI dashboards, with alerts on contract changes, negative margins and expiring stock sent straight to your team.
Automation and control
Praxia automates the data work. Your team retains full purchasing authority.
Automated by Praxia
- Contract and cost tracking across wholesalers
- True-cost comparison for every line item
- Reorder points tuned to real demand
- Invoice, shortage and credit verification
Retained by your team
- Every purchasing decision
- Clinical and patient-specific choices
- Wholesaler conversations and dispute resolution
- Contract and wholesaler strategy
Implementation
A structured path from assessment to go-live.
Opportunity assessment
Provide three months of wholesaler invoices. Praxia runs them through its platform and quantifies the margin opportunity.
Integration
Wholesaler feeds and pharmacy data connections are set up, with no change to your existing accounts.
Configuration
Contract terms, rebate requirements and starting par levels are loaded and confirmed with your team.
Go-live
Your team begins ordering with the full picture in hand. Reconciliation starts with the first delivery.
What three months of invoices revealed
A long-term care pharmacy with approximately $12M in annual sales shared three months of invoices for an opportunity assessment.
4.5%
in estimated annual margin savings, approximately $531K.
50%+
of line items had a higher-value option available.
99.6%
rebate estimate accuracy, giving finance confidence in accruals.*
*Accuracy depends on pharmacy and wholesaler agreements.
Does Praxia make purchasing decisions for us?
No. Praxia is the data platform. It brings your wholesaler, inventory and invoice data together and shows your team the opportunities, with the reasoning behind each one. Your team decides what to buy, from whom and when, and nothing is ordered until someone on your team approves it.
How does Praxia connect to wholesalers?
With your authorization, Praxia connects to each wholesaler through its API, EDI or direct data feed, depending on what they support. That keeps catalogs, costs, availability and contract terms current without manual uploads.
Does Praxia change our wholesaler or GPO agreements?
No. Your agreements, accounts and wholesaler relationships stay exactly as they are, and there is nothing to renegotiate to get started. Praxia helps your team stay in line with your contract terms and rebate commitments, which is good for your margin and for your relationships. Praxia does not buy, sell or broker anything.
Can buyers choose a different option?
Yes, every time. If a buyer goes a different way, for a clinical need, a shortage or a relationship, they can note the reason in one click. Reports then show the impact by reason, so leadership sees where and why margin moves.
How are rebates estimated before they are paid?
Praxia loads the rebate terms from each of your agreements and applies them to your purchases as they happen. Your finance team gets a running estimate for accruals, and your buyers can see whether you are on track for tiers and mix requirements. Final amounts always come from the wholesaler.
What does "compliance" mean here?
Contract compliance: buying in line with your wholesaler agreements, including volume, mix and rebate commitments, and checking that invoices and credits match what was agreed.
Will this change how our team works?
Your team keeps working the way it does today, and orders still go through your own accounts. Praxia adds one connected view, so there are fewer portals and spreadsheets to check.
What happens in the opportunity assessment?
You share relevant contract terms along with three months of wholesaler invoices. We run them through Praxia and show you where the opportunities are and what they are worth. What you do with the findings is up to you.