And just like that, another year is in the books! In 2024 we helped our hospital partners achieve some truly remarkable results—and we are so proud to share some of the amazing milestones and achievements of the last twelve months.
Let's dive into some of 2024's highlights from our 2024 Annual Report.
In 2024, we hit an all-time savings of $169.2 million—marking a whopping 74.2% increase from last year.
Our total savings for 2024 alone were $74.5 million; on average, our hospital partners saved about $1.9 million each, an 11.8% increase from 2023. We track savings across three main categories: Product Swaps, Contract Fixes, and Accumulation Fixes.
These numbers are more than just figures—they represent the tangible impact we're making in healthcare operations.
In the fast-paced world of pharmacy and supply chain management, every minute counts. To maximize impact, health systems are laser-focused on identifying and tackling the areas with the biggest potential for cost savings. Enter WAC Premium – a strategy-oriented metric that pinpoints the gap between the Wholesale Acquisition Cost (WAC) and alternative prices paid for inpatient medications.
Overall, our health systems achieved an average WAC Premium of 3.21%. A special shoutout goes to one of our Midwest hospital partners, which achieved a remarkable 7% reduction in WAC Premium, ending the year at 3.29%. Kudos to you for setting a new benchmark!
We don’t do it for the recognition—but we would be lying if we said we weren’t thrilled about our team’s achievements this year!
We're constantly innovating to meet your needs. Some of our newest features for 2025 include:
We're excited to introduce several new hires who joined our team in 2024. Join us in giving a warm welcome to:
2024 was a marked success for the QuicksortRx team–and as we look forward to 2025, we're filled with gratitude and renewed energy. Thank you to all our customers and partners for your continued trust and support. Together, we're making a significant impact in healthcare operations, and we can't wait to see what the future holds. Here's to another year of success!