How effective is your pharmacy team at managing costs? Medication purchase management can be time-consuming, and despite best efforts, even the most dedicated teams often miss significant opportunities for savings.
Even if you’re performing well, many organizations are surprised to see how much missed savings potential and opportunity cost result from common oversights and outdated methods for analysis.
Review this checklist to learn how your hospital’s medication purchasing processes are—and aren’t—keeping pace with industry best practices for cost management.
In the checklist, you’ll find:
Ways popular tools and approaches may miss savings opportunities
Tips for prioritizing areas for your team to drill down on drug costs
Pharmacy workflows that do—and don’t—withstand employee turnover
Reporting practices that can keep CFOs and other organizational financial leaders satisfied without sacrificing hours of your team’s time