Improving Pharmacy Purchasing Power

Chief Healthcare Executive

Citing a disconnect between pharmacy leaders and C-suite hospital executives, as well as lack of transparent data, an article from Chief Healthcare Executive lays out common issues preventing pharmacies from maximizing purchasing power. The article suggests improved data tracking as a path for more informed decision making, as well as empowering pharmacy leaders to make independent decisions based on experience and expertise. With better budgeting, more robust data about pharmacy spend and marketplace costs, and initiatives to increase interdepartmental understanding of the pharmacy spend landscape, healthcare organizations can gain control of – and thereby maximize – the purchasing power pharmacies possess.

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