May 08, 2019
A few months back, I witnessed a conference presenter invite a large group of hospital pharmacy leaders to raise their hands if drug spend was one of their health system’s top three concerns. The room filled with laughter and someone shouted, “Top 10 if you’re lucky!”
This cynicism is disheartening, but not surprising. While every week brings more headlines about outrageously expensive new drugs, exorbitant price hikes for lifesaving treatments and shrinking reimbursements, these issues have often been viewed as “pharmacy’s problem.” Of course, the truth is far more nuanced and complex with wide-ranging impact on patients, clinicians and hospital leaders.
There is a silver lining, however. From recent conversations I’ve had with pharmacy leaders, it’s clear that forward-thinking health systems are starting to address runaway drug costs as a serious, systemic issue. Here at Lumere, our new Pharmacy Solutions combine organization-specific spend and utilization data with clinical evidence to identify strategic opportunities for improving care while optimizing costs.
As an industry, we’ve still got a ways to go before drug spend makes the list of top three health system concerns, but as more and more leaders wake up to the fact that the challenges faced by pharmacy departments affect everyone, I sense brighter days ahead.
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