Are you ready to meet today's pharmacy challenges?
Rising drug costs are making it increasingly difficult for health systems to provide high-quality patient care. According to the most recent Vizient Drug Price Forecast report, drug prices will increase by an estimated 7.61 percent in 2018. Hospitals must find opportunities to improve their pharmacy operations by connecting cost-saving solutions, comparative industry data and clinical knowledge to optimize every facet of their operations. With this knowledge, positive changes are possible:
- Comprehensive analytics and cost-saving solutions can help hospitals to stabilize pharmacy spend and increase margins
- New drug innovations, prescription patterns and changing regulations will require collaboration between pharmacists and physicians to improve clinical pharmacy performance
- Acute, nonacute and specialty pharmacy platforms will allow pharmacies to make a paradigm shift from being a cost center to becoming a strategic center to drive incremental revenue
Maximizing your pharmacy performance allows you to realize opportunities in every dimension — driving your organization toward more efficient performance.
Pharmacy leaders are engaged at every step of patient care, working to reduce costs, develop operational efficiencies and facilitate improved health outcomes.
At Vizient™, we combine industry-leading contracts and analytics, clinical insights, peer networks and individualized consulting to help align teams and improve your clinical, operational and financial efficiencies.
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In the current health care environment, health system pharmacies face three main challenges: the first relates to escalating drug costs and a reduction in the effectiveness of old strategies to deliver new savings; the next points to a growing need for ambulatory care as a result of a transition of care delivery outside a hospital; and the last is the shift to value-based care and the heightened need to support appropriate medication use and clinical medication management.