CPS Solution Team Helps Hospital Save More Than $6 Million

Friday, November 21, 2014 4:03:00 PM

Improved quality, safety and discovered additional cost reductions

CHALLENGE:

To maintain its financial viability and longstanding commitment to serving the community and its most vulnerable members, a southern state, not-for-profit acute care community hospital was looking for opportunities to reduce operating costs. The hospital was already enrolled in the federal 340B program and taking full advantage of the medication savings it allowed. Yet it continued to look for additional means to improve productivity and optimize resources. In addition to operating its 300+ bed acute care facility, the hospital co-operated an infusion center that, while affiliated with the hospital, functioned as a separate entity and was ineligible to participate in the 340B program.

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