While not surprising to learn, as most providers are in its vortex, Healthcare is undergoing a massive transformation, and Pharmacy is not immune. As virtually every tenant of patient care has been stretched and reformed as an outcome of the pandemic, reliance on doing things as they have always been done, needs to be reconsidered. Take your medication supply chain for example, pharmacy buyers have had to manage and purchase 3,500 medications which equates to 9,000 different products from over 500 manufacturers while dealing with over 15,000 price changes and 200 plus active drug shortages annually with very poor technology and tools to support their work.
Pharmacy buyers jump from website to website to place orders, call in orders, or even fax orders every day. The routine of communicating orders within varied timelines to respective wholesalers and key manufacturers for near real-time resupply in today’s climate requires agility and dynamic responses to be successful.
The health system is so overwhelmed it’s been near impossible to get each of the pharmacy buyers aligned on the optimal product for each medication. Variation across the health system is rampant. Opportunity for improvement and cost savings is significant.
Regardless of tenure or experience, can a single person or multiple staff manage all the complexities of this process effectively? Is it time for a change, is there a better way?
The opportunity is now for Pharmacy to stand up to these challenges, address these changes, and adopt practices available to affirm the value Pharmacy brings to supporting patient care. Leveraging software and analytics to both automate and direct the procurement process to ensure availability and compliance for acquiring medications, allowing its’ resources to function at top of license, should be a top priority for every health system.
To learn more about how Trulla can deliver savings for your health system pharmacy, please contact us at firstname.lastname@example.org.
Disclaimer: The information provided in this article does not constitute legal advice and should not be construed as such. Readers of this document are encouraged to contact their attorney to obtain advice with respect to any particular legal matter. The views expressed in this document are those of the author and not those of the Trulla LLC. All liability with respect to actions taken or not taken based on the contents of this document are hereby expressly disclaimed. The content in this document is provided “as is;” no representations are made that the content is error-free.