The IDN pharmacy supply chain plays a vital role in patient outcomes and hospital pharmacy executives continue to look for innovative methods of improving quality while keeping costs low. The problems facing the pharmacy segment of healthcare are complex. Issues concerning compliance, changing regulations, pricing discrepancies, and product shortages are among the many topics that will be discussed.
1:00 pm – 2:15 pm Strategies to Optimize 340B Opportunities
National Ballroom A
Moderator: Joe Quinones, Senior Assistant Vice President for Contract, Administration, & Control, NYC Health & Hospitals Corporation.
Presenter: Casey Nelson, Pharm.D., CEO, Ideal Therapeutics and Ideal Health Strategies and Rishi Patel, Chief Pharmacy Officer,
Community AIDS Network
Is your hospital making the most of 340B savings and maximizing the revenue potential available from the program? As the dynamics of this program have changed since its inception to include more facilities than before, a growing number of health systems are looking to take advantage of the increased potential for savings, new revenue opportunities and better access to critical medications for patients who need them.
The presenter will give an overview of the status of 340B compliance legislation as it stands and the potential for changes from Congress in the future. Real-life case studies will be used to help understand and simplify the complexity of the 340 B program. Learn strategies to optimize compliance and maximize the opportunities available for eligible health systems. Focus will also be placed on the increasing number of contract pharmacy networks in hospitals and satellite locations.
- Define methods for effectively managing 340B requirements.
- Analyze the potential for savings, revenue and prescription access that 340B provides.
- Identify strategies for implementing 340B without increased administrative burdens.
2:30 pm – 3:45 pm Evaluating CSCs and KPIs
National Ballroom A
Moderator: Meena Rupani, Director Strategic Sourcing - Pharmacy, Trinity Health
Presenter: Rita Jew, Director of Pharmacy, UCSF Medical Center
Hospital pharmacy operations are feeling pressure from a number of recent developments, including the growth of specialty drugs and the movement towards hospital systems looking to their pharmacy operations as a source of revenue growth. As a result, hospital pharmacies are increasing their efforts to find new initiatives that can increase revenue while maintaining the utmost patient safety and optimal outcomes.
Part 1 of this session will explore the pharmacy cost-savings opportunities and important considerations when implementing consolidated services centers. A number of health systems are finding theses centers to be an effective way to decrease medicine inventory and overhead. In addition, they serve as an avenue for managing drug shortages and improving processes through automation, script-mailing, compounding and unit dosing. Conversely, there are other issues that may negate the cost savings and need to be considered such as transportation and lead time in production. In addition, movement of medication may be a challenge rather than an advantage and the centralized model may increase rather than decreased costs and reduced waste.
Another area that offers potential for improving margins is in performance tracking in medication management. Discussion will include using Key Performance Indicators (KPIs) to measure performance from financial, operational, clinical and professional development perspectives. Ensuring that these indicators are objective and measurable is important as well. Methods to enhance accountability and ensure that KPIs are in line with the organization’s mission will also be covered.
- Explain the dynamics of Consolidated Services Centers in the Hospital Pharmacy setting.
- Describe three characteristics of effective Key Performance Indicators.
- Identify opportunities for improvement in methods of medication management.
4:00 pm – 5:15 pm Pharmacy Track: PANEL: Health System Trends to Watch
National Ballroom A
Moderator: Bill Martin, Vice President, Sourcing, Purchasing, and Value Analysis, Beaumont Health System
Panelists: Bill Wilson, RPh BCPS, Pharmacy Manager, Orlando Regional Medical Center; Deborah Simonson, Pharm.D, VP, Pharmacy,
Ochsner Health System.
Amid a changing landscape and the potential for reform to the Affordable Care Act, IDNs are seeing a number of new trends developing in the healthcare space. Hospital pharmacy services have grown significantly over the last several years due to a number of factors, including the increase in specialty pharmaceuticals and the growth in hospital pharmacies continuing to provide medications to patients after release. As a result, hospital pharmacies are transforming both the services they provide as well as the way those services are implemented and evaluated.
This session will examine the emerging trends in healthcare pharmacy services. Discussion will include a number of recent trends, including the expanding role of the pharmacist in patient care and follow up, as hospitals increasingly look toward hospital pharmacies to work with patients and the management of their medication upon release in order to help reduce readmission rates. Other trends include the increase in centralized pharmacy operations and the growing need for more accurate patient data that can be updated in real time. This panel of experts will discuss these key trends and the opportunities they provide for your organization’s pharmacy services to reduce costs, increase efficiency and improve patient outcomes.
1. Analyze and identify the factors contributing to the changes in the hospital pharmacy setting.
2. Outline best practices for maximizing revenue and efficiency.
3. Identify opportunities for new pharmacy initiatives in your organization.