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March 17, 2022
The Challenges of Pharmaceutical Procurement Managing the pharmaceutical procurement process for a large health system is a complex and grueling process. Why? Because it is commonplace for these organizations to purchase from multiple manufacturers and distributors – resulting in excess of 100 accounts. With so many pharmaceutical accounts to manage, it becomes difficult to know whether health systems continue to get the correct or best price. For example, during the course of a year, a health system paid nine different prices for Astra Zeneca’s drug Symbicort ranging anywhere from $0.05 to $232. Most health systems are not equipped with the […]
December 7, 2018
The 340B Drug Discount Program is a tremendous resource for hospitals that qualify, but our experience tells us that many of them are not receiving program pricing every time they make a purchase. In this post, we’ll take a look at some common 340B pricing issues and how they occur. What makes the 340B program such a challenge to manage? The 340B program is a wide-reaching program with many moving parts, so it’s no surprise the program has a lot of room for error. For starters, obtaining 340B program approval is a complex task requiring a significant amount of time […]
