Medication Management Key Method to Reduce Pharmacy Operational Costs

Hospital pharmacies may want to consider implementing strategies to address increased pharmaceutical consumption and increased operational costs, according to an IMA Consulting report.

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With increased patient volume due to the Patient Protection and Affordable Care Act, hospital pharmacies will see a greater demand and should implement strategies to manage medication supplies. The following points where shared in the IMA report:

•    Hospitals should continuously review purchases and dispensing practices.
•    A Clinical Pharmacist Program should be established to provide decentralized pharmacy services.
•    Guidelines should be developed to contain medication costs, and staff should be educated on cost comparisons of similar medications.

Read the IMA report on hospital pharmacies.

Read more about the Patient Protection and Affordable Care Act:

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Hospitals’ Key to Success Post-Reform: Managing Care to Reduce Readmissions

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