23% Lower Drug Spend for Acute Care Health System

How tech-enabled pharmacy management delivered rapid speed to value.

May 2024

Like other healthcare leaders, one hospital exec faced the challenging task to realize as many cost savings opportunities as possible. However, this innovative leader decided focus on one area many overlook: the pharmacy.

By working with CPS, the industry’s leading hospital pharmacy solutions provider, the health system gained access to the people, processes, and technology needed to overcome today’s challenges and set up for tomorrow’s success.

This tech-enabled pharmacy management solution began by building strong relationships across the hospital staff to pinpoint the focus areas that mattered most.

From there, CPS implemented an all-in-one innovative pharmacy management software to identify the pharmacy’s highest impact initiatives—all backed by clinical pharmacists and compliance specialists.

In just 15 months: the CPS team implemented 100+ cost-effective initiatives across the health system to reduce drug spend by 23%.

That’s not the only line item with drastic results. They also achieved significant cost avoidance through clinical interventions, regulatory assessments, 340B program enhancements, staffing efficiencies, and more.

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