HealthLeaders Media August 29, 2024
Eric Wicklund

Faced with pharmacy closures and struggling to make ends meet, health system executives are innovating pharmacy operations to cut costs, reduce waste and give the pharmacist a bigger role in care management.

KEY TAKEAWAYS

– Some 375 independent pharmacies and 1,000 chain pharmacies closed in 2023, and experts expect similar numbers this year.

– Healthcare organizations are reacting to these numbers in two ways: They’re automating pharmacy services to reduce costs and waste and using pharmacists instead as a member of the care team.

– Executives say the pharmacist can help clinicians better understand what medications a patient should be taking and help with medication adherence and management.

For an increasing number of hospitals, the path to healthcare innovation leads...

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