CFO Mark Gross shares how dedicated CPS pharmacy leadership helped reduce spending, improve quality & productivity, and more.

August 2024

In the past few years, hospital labor costs across the U.S. have increased by $42.5B, accounting for nearly 60% of the average organization's expenses.¹

As such, financial pressures and challenges recruiting expert leadership have hit rural healthcare organizations like Hillsdale Hospital particularly hard.

When the existing pharmacy leader left the organization, executive leadership knew they could rely on CPS to fill that immediate need. The CPS team brought in a seasoned, interim director who could not only fill that gap, but who could also implement best clinical practices and identify and mitigate risk while onsite.

These results encouraged hospital leadership to continue their existing, long-lasting relationship with CPS:

• 29.7% reduction in antimicrobial spend over 1 year
• $78k+ annual salary savings from operational efficiencies
• $544k annual cost avoidance after Telepharmacy services implemented: over 23,000 medications processed and 2,000+ meaningful patient interventions per year

Download the case study to learn how Hillsdale Hospital achieved all these results and more with the support of CPS.

^[1] American Hospital Association. 2024 Costs of Caring Report; 2024. Accessed June 18, 2024. https://www.aha.org/costsofcaring