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4 ways hospitals can use their pharmacies to cut costs, improve care

from Managed Care Magazine

It's a costly time for hospitals. In the report, "Trends in Hospital Inpatient Drug Costs: Issues and Challenges," the National Opinion Research Center found that inpatient drug costs per admission are skyrocketing, having increased 38.7% in the three-year period from 2014 to 2016. These increases are due to higher demand for prescription drugs and the growth in drug unit prices. But most hospitals and health system executives have an underutilized resource at their disposal for lowering drug costs: The hospital pharmacy department. more


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