Pharmacy-directed Drug Cost Management
March 2013 - Vol. 10 No. 3 - Page #26

Given the degree of pending reimbursement cuts from Medicare, Medicaid, and private payers, paired with the uncertainty of coverage models under health care reform, health system administrators are aggressively pursuing cost control strategies within their organizations. Since drug expenditures are the largest component of every health-system pharmacy’s operating budget and often a meaningful portion of the entire hospital’s operating budget,  hospital pharmacy departments are facing close fiscal scrutiny. While the increase in medication costs in hospitals and clinics in 2013 is expected to be slightly less than in previous years, it is still projected to be as much as 4 percent.1

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