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Becker's Healthcare December 6, 2024
To reduce medication costs and mitigate drug shortages, Penn Medicine is uniting with Mark Cuban Cost Plus Drug Co., the health system said Dec. 6.
The Philadelphia-based organization will buy the 100 most frequently dispensed medicines through the company’s Cost Plus Marketplace for its retail pharmacy network. Penn Medicine’s 16 retail pharmacies fill more than 1.5 million prescriptions every year.
This marks the third health system to announce a partnership with Cost Plus Drugs. Louisville, Ky.-based ScionHealth and Penn Medicine have agreed to buy medications in bulk from the company’s marketplace. Community Health Systems in Franklin, Tenn., is leveraging its partnership by buying therapies manufactured by Cost Plus Drugs and utilizing its wholesale drug distributor service.
The marketplace,...
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