[January 18, 2018] |
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Vizient Publishes White Paper on Maximizing Pharmacy Performance
Pharmacy leaders and their health systems are at a crossroads. Moving
forward, they can continue traditional approaches to pharmacy operations
or adopt emerging perspectives that improve performance. To help drive
informed decision making, Vizient
has published, "Maximizing
pharmacy performance; Unleashing the power of optimal medication
management to transform care", a new white paper that can be used to
improve operations and elevate the role of pharmacy to a strategic level.
"Hospitals must find opportunities to improve their pharmacy operations.
Our new white paper offers insight and strategies into the main drivers
of operational performance--stabilizing pharmacy spend, improving
clinical pharmacy care, creating new, incremental revenue and leveraging
pharmacy leader expertise," said Dan Kistner, senior vice president,
pharmacy solutions at Vizient.
The white paper focuses on four emerging perspectives that improve
pharmacy operations performance:
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To improve quality of care and stabilize spend, health system
pharmacies should transition to value-based purchasing. Strategies
include reviewing and maximizing opportunities through national group
purchasing organizations (GPOs); broadening savings opportunities
through aggregated contracting; and using data analytics to manage
costs and realize value.
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To strengthen medication management and improve clinical pharmacy
care, health systems are maximizing the effectiveness o pharmacy
and therapeutics (P&T) committees in drug therapy management, reducing
provider variation to achieve utilization-based savings and
integrating pharmacy professionals into clinical care teams.
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In every area of potential pharmacy expansion to create incremental
revenue - retail, ambulatory care and specialty - health systems
need to understand and build on their clinical strengths, leverage
existing capacity and expertise, and identify the need for partners
that can provide resources and expertise.
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As pharmacy transitions from cost center to strategic asset and
revenue source, progressive health systems are taking steps to leverage
pharmacy leader expertise into the broadest strategic thinking of
their operations.
Click here
to download the white paper.
About Vizient, Inc. Vizient, Inc., the largest member-driven
health care performance improvement company in the country, provides
innovative data-driven solutions, expertise and collaborative
opportunities that lead to improved patient outcomes and lower costs.
Vizient's diverse membership base includes academic medical centers,
pediatric facilities, community hospitals, integrated health delivery
networks and nonacute health care providers and represents more than
$100 billion in annual purchasing volume. The Vizient brand identity
represents the integration of VHA Inc., University HealthSystem
Consortium and Novation, which combined in 2015, as well as MedAssets'
Spend and Clinical Resource Management (SCM) segment, including Sg2,
which was acquired in 2016. In 2017, Vizient again received a World's
Most Ethical Company designation from the Ethisphere Institute.
Vizient's headquarters are in Irving, Texas, with locations in Chicago
and other cities across the United States. Please visit www.vizientinc.com
as well as our newsroom,
blog,
Twitter,
LinkedIn
and YouTube
pages for more information about the company.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180118005328/en/
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