Drug cost containment strategies for hospital pharmacy leaders highlighted at ASHP Midyear

At the 2018 American Society of Health System Pharmacists (ASHP) Midyear Clinical Meeting, Cardinal Health will highlight a comprehensive approach that addresses the top concern of hospital and health system pharmacy leaders: sustainable cost control.

At the 2018 American Society of Health System Pharmacists (ASHP) Midyear Clinical Meeting, Cardinal Health will highlight a comprehensive approach that addresses the top concern of hospital and health system pharmacy leaders: sustainable cost control. By taking this comprehensive approach, hospital pharmacies can achieve savings of 5% or more, year-after-year, says Kathy Chase, director of Drug Cost Control Services at Cardinal Health. "The role of the pharmacy is uniquely positioned to support the call of health systems to discover savings, boost efficiencies, and promote high-quality patient care." Key steps to Cardinal Health's approach will be showcased during the ASHP Midyear Meeting, including the implementation of an RFID-enabled consignment model for inventory optimization, as well as leveraging and optimizing patient assistance programs. "The need to identify innovative approaches to control costs and increase quality and outcomes will continue to be a focus as specialty drug spend continues to outpace traditional drug spend," says John Kilgour, vice president of acute and alternate care sales for Specialty Pharmaceutical Distribution at Cardinal Health. "With a consignment model, pharmacies can free up dollars tied up in inventory by only paying for these unique products once they are used." The ASHP Midyear Clinical Meeting will take place December 2-6 in Anaheim, CA.