Aggregating spend and driving standardization

Reshaping inpatient pharmacy costs

Facing rising costs for inpatient medications, pharmacy leaders at Ballad Health collaborated with Vizient to manage pharmacy spend. The team used Vizient Pharmacy Analytics to identify savings opportunities and the Novaplus Enhanced Supply Program to drive savings and ensure access to critical medications.

The health system also joined the Southern Strategic Souring Partners Pharmacy aggregation group and leveraged its dual-awarded biosimilar contracting methodology.

Learn more about the Vizient Pharmacy Aggregation Program

We love working with Vizient because they listen to our ideas, needs and concerns.
Trish Tanner, MBA
Vice President and Chief Pharmacy Officer
Reducing inpatient costs to improve margins

Ballad Health has generates significant value through rebates and fee sharing.

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    Pharmacy Value Tracker

    Utilized to show values gained by avoiding costs and documented savings

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    More than $2.4 million

    In savings in the first two years since joining the S3P Pharmacy Network

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    More than $9 million

    In financial improvements since beginning the pharmacy-focused partnership

Prepare for the future: The Pharmacy Market Outlook is now available

The estimated overall drug price inflation for purchases between July 1, 2024 and June 30, 2025 is 3.80% driven by an increase in specialty and ultra-specialty medications, additional indications granted for previously approved medications, products with higher-than-customary price increases and payer restrictions influencing sites of care.

Read the report to learn more

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