MedCity News July 18, 2024
In addition to increasing medication access for underserved populations, an in-house specialty pharmacy improves patient care and provides opportunities for efficiency and enhancement across hospital operations.
Hospital operating margins in recent months have started rebounding. However, persistent challenges such as staffing shortages and rising expenses leave providers’ financial health uncertain. Hospital leaders must find new revenue streams to weather financial headwinds, and the increasing demand for specialty drugs is an opportunity to boost revenues through entity-owned specialty pharmacy.
The demand for specialty drugs is reaching new heights as 60% of Americans have a chronic disease requiring these more complex therapies and 14 million more Americans are projected to be diagnosed with chronic medical conditions between 2020 and 2030. This...
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