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SOURCE Cardinal Health
DUBLIN, Ohio, Dec. 17, 2013 /PRNewswire/ -- At the 2013 American Society of Health System Pharmacists (ASHP) Midyear Clinical Meeting in Orlando, one of Cardinal Health's leading hospital pharmacy experts shared best practice insight into how hospitals can leverage benchmarking and analytics tools to reduce drug costs.
According to Kathy Chase, Pharm. D., director of Drug Cost Control Services for Cardinal Health's Innovative Delivery Solutions business, benchmarking drug cost and other areas of hospital pharmacy performance can help hospitals reduce drug costs by 1 to 3 percent. Chase says that for the average hospital, this may represent a half a million dollars in savings each year.
At the 2013 ASHP Midyear, which took place Dec. 8-12, in a session entitled "Strategic Use of Benchmarks to Drive the Pharmacy Agenda," Chase shared a wide array of benchmarking best practices that can help hospitals better manage costs while improving outcomes. Just some of the best practices she discussed included:
Those who want to learn more about the hospital pharmacy benchmarking insight Chase shared at the ASHP Midyear can read her recent post on Cardinal Health's online thought leadership site, Essential Insights.
Cardinal Health's Innovative Delivery Solutions business helps providers transform hospital pharmacies into a strategic asset – delivering value that supports the patient throughout the continuum of care. The team's mission is to provide exceptional clinical, supply chain, analytics and operational expertise to improve patient access, increase quality of care and reduce overall costs. From supply chain management solutions to expert consultative services, Cardinal Health Innovative Delivery Solutions provides a highly comprehensive, universal solution for hospital pharmacies.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is a $101 billion healthcare services company that improves the cost-effectiveness of health care. As the business behind health care, Cardinal Health helps pharmacies, hospitals, ambulatory surgery centers and physician offices focus on patient care while reducing costs, enhancing efficiency and improving quality. Cardinal Health is an essential link in the health care supply chain, providing pharmaceuticals and medical products to more than 100,000 locations each day. The company is also a leading manufacturer of medical and surgical products, including gloves, surgical apparel and fluid management products. In addition, the company supports the growing diagnostic industry by supplying medical products to clinical laboratories and operating the nation's largest network of radiopharmacies that dispense products to aid in the early diagnosis and treatment of disease. Ranked #19 on the Fortune 500, Cardinal Health employs more than 34,000 people worldwide. More information about the company may be found at cardinalhealth.com and @CardinalHealth on Twitter.
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