Published July 13 in the American Journal of Managed Care, the study drew a line between hospital price negotiating power and employer market power.
Studying at the metropolitan statistical area level, researchers found that while greater market power does not necessarily result in lower negotiated prices, self-insured employers are stuck trying to utilize centers of excellence, incentivizing in-network care and encouraging generic drug usage. Even with these efforts, hospitals hold the cards in what they charge, the study said.
The study offered two options to gain some power at the table: leverage employer coalitions to pool employees or work with local government on purchasing alliances.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
