Streamlining Pharmacy Inventory for Savings & Profitability
Situation A pharmacy’s inventory impacts not only the health of its patients but also the financial health of the business. On any given day, a pharmacy’s shelves could be filled with a thousand products and medications priced anywhere from a few hundred dollars to a few thousand. And with drug prices trending upwards, pharmacy expenditures […]
Antimicrobial Stewardship Program at Work
Situation Over the past several decades, antimicrobial misuse has led to a growing amount of innate resistance to commonly available treatments for infectious diseases. In an attempt to combat this trend, major national and worldwide healthcare organizations have called for all hospitals to establish Antimicrobial Stewardship Programs (ASPs). Unfortunately, smaller and rural hospitals traditionally lack […]
Medication Reconciliation Technician Program
Critical Medication Error Statistics According to the U.S. Food and Drug Administration: Medication Reconciliation is not accurate on admissions. Situation According to the FDA, medication errors cause at least one death every day and injure approximately 1.3 million people annually in the U.S. While hospitals do their best to maximize patient care and safety, preventable […]
Dual Eligibility Helps Optimize 340B Savings for Hospitals
Situation Orphan drugs are used to treat, prevent, or diagnose an orphan disease, which is a rare disease or condition that affects fewer than 200,000 people in the United States. These diseases are often serious or life-threatening. In 1983, the U.S. government passed a law, called the Orphan Drug Act, to give drug companies certain […]
Clinical Drug Savings Optimization
Top Financial Challenges for Hospital CEOs According to IBM Watson Health, surveyed hospital CEOs rank the following among their top financial challenges: Situation Escalating health care costs present an ongoing challenge for hospitals and health systems regardless of size. The trend of repeated hikes in prescription drug prices represents one of the biggest contributors to […]
Optimizing Infusion Center Revenues & Profitability
Situation Infusion therapy is a vital component of modern healthcare, providing essential treatments for a wide array of conditions, from autoimmune diseases to cancer. However, the soaring costs of these drugs present a significant challenge for infusion centers, which can have a direct impact on patient care. These drugs, often complex biologics or specialized pharmaceuticals, […]
Generic Medications Enhance Cost Savings & Compliance
Situation Escalating drug costs pose a significant challenge to healthcare institutions, impacting both the overall health system and patient care. In pharmacies, the pursuit of drug savings becomes crucial when trying to alleviate financial strain and enhance patient well-being. One effective strategy to find savings is opting for generic medications over brand-name equivalents. Generic drugs […]
Oncology Revenue Integrity: $182K Recovered with CompleteRx
Situation As hospitals across the US continue to face rising drug costs, inconsistent reimbursement, and growing regulatory complexity, the need to optimize efficiencies across the entire care continuum has never been more dire. Leadership must work with their teams to dig below the surface of their hospitals to address the overlooked deficiencies costing them and […]
Case Study: Driving Pharmacy Efficiencies & Inventory Savings
Situation: Hospitals and health systems across the country are facing an unsurmountable list of growing challenges. From increased drug prices and drug shortages, to crumbling reimbursement rates and the ever-evolving web of regulatory and compliance, the obstacles can be mounting. These complications are exasperated by the limited resources and workforce challenges that notoriously plague critical […]