NEWS

“What’s Trending in Hospital Pharmacy in 2019” Webinar Recap

April 4, 2019 – LogicStream Health recently hosted a webinar with Becker’s Hospital Review where industry experts answered important questions about trends in hospital pharmacy in 2019. They also gave advice to help hospital and health system pharmacies be as successful as possible against various challenges like drug shortages, high-cost medications and more.

Listen to the Webinar

Webinar topics include:

  1. Priorities + challenges for hospital pharmacies in 2019
  2. The worsening drug shortage crisis
  3. Five tips to successfully manage drug shortages

Priorities + Challenges For Hospital Pharmacies in 2019

To be successful in today’s healthcare environment, health system pharmacies must prioritize efforts to address several issues simultaneously, the panelists explained. Top-of-mind topics for many pharmacies is:

  • Ensuring compliance of new regulations
  • Successfully navigating the era of declining reimbursement
  • Managing expenditures

The Worsening Drug Shortage Crisis

The drug shortage crisis is one of the critical demands placed on hospital leadership. Shortages occur for many reasons, including manufacturing problems, product discontinuation, a spike in demand or even drug profitability.

These factors are difficult to control, but hospital pharmacy leaders have found several hacks to proactively manage the shortages.

Five Tips to Successfully Manage the Drug Crisis

  1. Go back to the basics. Before solving some of the more complex issues like drug shortages, ensure that the basics like time management, delegation of duties and good hiring practices are met.
  2. Use innovative technologies. One example of a new technology is The Drug Shortage App from LogicStream Health™, which was developed to help hospital and health system pharmacies lessen the effects of drug shortages by alerting providers to potential shortages and their impact on the hospital or health system.
  3. Educate and inform legislators. Providers should ensure they stay informed and support various regulations that will have positive effects for healthcare.
  4. Don’t hoard products. It’s important to practice good stewardship. Hospitals and health system pharmacies shouldn’t hoard products or purchase them in abundance since it can worsen shortages.
  5. Be vigilant when working with key stakeholders. One of the best strategies hospital pharmacies can deploy to protect the system from feeling the effects of a drug shortage is vigilance when working with key stakeholders. Having weekly internal meetings to mitigate drug shortages and meeting with purchasers can be very helpful.

Overall, pharmacy leaders have many issues to address to remain successful. However, by ensuring compliance of new regulations, staying on top of reimbursements and exercising best practices to manage drug shortages, hospital and health system pharmacies can be successful in 2019.

Panelists:

Beckers-Pharmacy-Panelists

Want to learn more about LogicStream Health?

Our mission is to help clinicians improve and better control the care they deliver to every patient, every day.

LogicStream Healthis trusted by a community of high-performing healthcare providers across the United States. The company’s software-as-a-service (SaaS) platform stands alone in its ability to help customers gain instant insights to improve vital clinical processes and better control patient care.

Customers have reduced cost and improve outcomes using LogicStream Health software. Healthcare customers are generating millions of dollars in ROI from the LogicStream Health platform, for example, by reducing high-cost medications; achieving significant reductions in CAUTI; and, reaching nearly 100% compliance with VTE protocols.

The Platform

The LogicStream Health SaaS platform complements modern EHR systems and is designed for rapid implementation and easy adoption by end-user clinicians, informaticists, data analysts, and executive teams striving to better control and manage clinical processes in near-real-time. LogicStream Health, developed by clinicians for clinicians, today is supporting hundreds of hospitals on a scalable and sustainable technology platform to standardize process and deliver highly reliable healthcare.

The Drug Shortage App from LogicStream Health™

The Drug Shortage App from LogicStream Health™ is the newest application from LogicStream Health. It helps hospital pharmacy teams with an easy-to-use, web-based solution that manages drug shortages and minimizes disruption to patient care.