Tips for Reducing Hospital Pharma Costs

Healthcare Finance News Article

According to this Healthcare Finance News article, the ideal prescription for hospitals wanting to reduce their pharmaceutical costs could be tighter controls and staying on top of shortages.

According to Navigant's Keith Hanchey, “Within specialty pharma, where therapeutic costs are greater than $1,500 per month, costs are increasing at 18-22 percent, annually. Hospitals are controlling costs through formulary or utilization management that limits certain drugs to therapeutic categories. Hospitals can also limit the use of drugs to certain physicians based on specialty.”

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