Supply chain tip of the day: How pharmacy can drive revenue for a health system post-merger

Newly-merged healthcare organizations can generate significant revenue through various pharmacy-related solutions, according to Alex Minkoff, senior director of health systems strategy at AmerisourceBergen.

He shared the following tip with Becker's Hospital Review.

"The use of specialty medications continues to increase, with experts projecting them to account for 50 percent of total drug spend by 2018. By establishing an in-house specialty pharmacy, health systems will not only drive significant revenue, but also create a coordinated care model that helps ensure quality care and better outcomes for patients with chronic illnesses and complex medical conditions.

Meanwhile, an ambulatory pharmacy — which can serve as the prescription 'hub' for discharged patients and employees — allows pharmacists to monitor a patient's medication needs across the care continuum and provide consistent support. Ambulatory pharmacy programs keep patients engaged, drive improved medication adherence to reduce the risk of readmission and increase revenue.

Finally, reinforcing and streamlining 340B systems and processes can strengthen a health system's regulatory profile, increase audit readiness and expand access to affordable medications for at-risk patients."

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