While historically pharmacy may have been viewed as a cost center, today pharmacy services generate a significant portion of system revenues and are essential to the achievement of strategic system-level priorities. To better understand increasingly complex pharmacy issues and the critical role pharmacy plays in overall health system success, download our executive briefings on hot pharmacy topics.
The Executive's Guide to Pharmacy Issues
Download these executive briefings on hot pharmacy topics to better understand increasingly complex pharmacy issues and the critical role pharmacy plays in overall health system success.
February 22, 2021
Benchmarks can be a useful tool for identifying potential areas for performance improvement. However, benchmarks have significant limitations, and these limitations are especially pronounced in pharmacy.
This briefing examines the limitations and benefits of pharmacy benchmarks and provides recommendations for how to derive the most value from them.
Wholesalers are an intermediary between health systems and manufacturers; they streamline relationships around purchasing and distributing pharmaceuticals and medical supplies. An evolving health care marketplace presents an opportunity for many health systems to reexamine their wholesaler agreements and ensure that they align with system goals.
This briefing provides an overview of the main functions of pharmaceutical wholesalers, including services provided to both drug manufacturers and health systems, and insights into key drivers of wholesaler profitability.
Prescription drug expenditures are the fastest growing component of health care spending, putting pressure on health systems’ inpatient margins while also creating new revenue opportunities in the outpatient setting.
For most health systems grappling with accelerating drug spend, reducing unwarranted prescribing variation will offer the single biggest improvement opportunity. That said, there are several other near-term chances to reduce spending and grow revenues. It’s critical to understand—and use—available controls to manage spend, capture revenue, and position for growth.