Supply chain tip of the day: Establish a specialty pharmacy strategy to improve operations, patient care

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Hospital pharmacies are uniquely positioned to help health systems achieve greater operational efficiency and improve patient care.

One way hospital pharmacies can drive new revenue streams, improve patient care and expel expenses is through establishing a specialty pharmacy strategy, according to Matthew Wolf, group vice president of pharmacy healthcare solutions at AmerisourceBergen.

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

"Health systems constantly seek innovative approaches to care that yield value to patients and payers. Hospital pharmacies can generate new revenue streams through a specialty pharmacy strategy," Mr. Wolf said. "For example, health systems can drive new growth and enhance the patient experience by establishing an in-house specialty pharmacy and leveraging a coordinated care model that improves speed to therapy and continuity of care."

A specialty pharmacy uniquely prescribes specialty drugs, a class of expensive medications that are often difficult for patients to obtain. Moving this operation in-house, or partnering with someone who can bring it in-house, can improve patient access to the drugs as well as hospital oversight of the drugs.

Learn more here.

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