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Operational and Clinical Strategies to Address Drug Cost Containment in the Acute Care Setting
Author(s) -
McConnell Karen J.,
Guzman Oscar E.,
Pherwani Nisha,
Spencer Dustin D.,
Van Cura Jennifer D.,
Shea Katherine M.
Publication year - 2017
Publication title -
pharmacotherapy: the journal of human pharmacology and drug therapy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.227
H-Index - 109
eISSN - 1875-9114
pISSN - 0277-0008
DOI - 10.1002/phar.1858
Subject(s) - formulary , pharmacy , medicine , acute care , purchasing , utilization management , managed care , medical emergency , health care , business , nursing , marketing , economic growth , economics
Objective To provide clinical and operational strategies to generate drug cost savings in the hospital setting. Methods A search of the PubMed database was performed with no time limit through July 2016. All original prospective and retrospective studies, peer‐reviewed guidelines, consensus statements, review articles, and accompanying references were evaluated for inclusion. Only articles published in the English language were included. Main results Investigators reviewed 937 abstracts. The review of the literature showed that acute care hospitals are under increasing financial pressures, and the pharmacy is often responsible for opportunities to manage drug costs. The literature also indicated that cost‐containment strategies in the acute care setting range from pharmacy‐directed activities to initiatives requiring interdisciplinary collaboration and strategic planning. Hospital pharmacies should consider establishing an interdisciplinary team that is responsible for systematically reviewing drug cost implications and leading any initiatives that are deemed necessary. Acute care settings can use various operational and clinical strategies to lower their expenditures on high‐cost drugs. Operational strategies include various activities that pharmacy staff implement related to contracting, purchasing, and inventory management. Clinical strategies utilize clinical pharmacists working with interdisciplinary teams to develop and maintain a formulary, implement established‐use criteria for select drugs, use dose optimization, and implement other clinical tactics aimed at cost containment. After initiatives are implemented, assessing the outcomes of the initiatives is important to determine how successful they were at lowering costs safely and effectively. Conclusion Acute care hospitals can use various operational and clinical strategies to lower overall drug costs. A systematic stepwise approach is recommended to ensure relevant drugs are regularly reviewed and addressed as needed.