All PostsHow empowering the pharmacy team can take financial, clinical, and operational performance from 'good' to 'excellent' in today's climate
Over the past decade, the scope of pharmacy practice has significantly expanded in the hospital setting. From managing inventory and compliance to monitoring patient safety and quality care, it’s a lot for even the most well-equipped teams to handle.
So, what's preventing the shift from 'good' to 'excellent' in hospital pharmacy?
This article breaks it all down into three main areas, pinpointing not only the key problems in each one, but also the possible solutions that leadership can implement to impart meaningful change.
TOP HIGHLIGHTS
Operational Insight
- 10% increase in hospital labor expenses¹- 66% burnout rate for pharmacy teams, the highest of all hospital staff¹
Regulatory Upkeep
- 620+ federal regulatory requirements²- $7.6M average annual compliance spend²
Drug Procurement
- New biosimilars and their complex nuances- Record-high drug shortage rates
Of course, adopting individual solutions for all those problems would be daunting. That’s why other hospital leaders have turned to outside experts for comprehensive, fast-tracked support.
Read the full article to learn all about the industry challenges and how leadership can empower hospital pharmacy teams to go from ‘good’ to ‘excellent.’
1 American Hospital Association. 2025 environmental scan. November 2024. Accessed July 23, 2025. https://www.aha.org/system/files/media/file/2024/11/Environmental-Scan-2025.pdf
2 American Hospital Association. Regulatory overload: assessing the regulatory burden on health systems, hospitals and post-acute care providers. October 2017. Accessed July 23, 2025. https://www.aha.org/sites/default/files/regulatory-overload-report.pdf
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