Drug Price Hikes May Be Hitting Hospitals Harder Than Consumers

Saturday, October 15, 2016 9:53:00 PM

Skyrocketing drug prices are hitting hospitals even harder than consumers, as reported in a new American Hospital Association study published in Modern Healthcare online. The study surveyed 712 hospitals, with 90% of hospital administrators stating that higher drug prices have a moderate to severe impact on hospital budgets. Payer reimbursements cannot keep up with price increases, resulting in increased hospital costs for patient care. It’s a big problem that’s having a big impact on healthcare costs and delivery of care. 

Contact Comprehensive Pharmacy Services to learn how we can help your health system pharmacy reduce your drug spend and curb healthcare costs.

Read the full article here