Pharmacy Times August 21, 2024
The health care industry continues to face financial and clinical challenges, with hospitals under pressure to maintain margins while delivering quality patient care. Amidst these challenges, 96% of chief financial officers cite high labor costs as a top cause of low operating margins, with lower reimbursement from payers (84%) and supply chain expenses (47%) following behind.1 Pharmacy is one of the largest cost centers in health care and has been historically impacted by manual workflow, inventory, and infrastructure challenges. The increasing prevalence of drug shortages combined with widespread labor shortages now necessitates an industry-wide, strategic approach to enhance efficiency and optimize financial performance while improving patient outcomes.
Understanding the Autonomous Pharmacy Vision
To address these challenges, health care leaders are...
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