Expense Reduction Analysts Introduces Three Pharmacy Trends Affecting Healthcare Providers
Leading Global Cost Management Consultancy Explores Impact of Pharmacy Trends on Healthcare in Newly Released White Paper
May 18, 2016 // Franchising.com // Addison, TX – Expense Reduction Analysts (ERA), a global leader in cost management consulting, today announces the release of its latest white paper, “Three Pharmacy Trends Affecting Healthcare Providers,” which discusses pharmacy trends facing the healthcare industry, how they affect a company’s bottom line, and presents ways to increase efficiencies through new cost-saving strategies.
“Changes are coming in the way physicians receive pharmaceutical reimbursements, as well as an increase in operational costs, forcing some groups to identify new revenue sources and explore cost savings,” said white paper author, Dr. Becky Kalinowski, ERA Director, Medical Supply Analytics. “This white paper explores shifts in the healthcare industry that are contributing to long term revenue challenges for healthcare institutions. Every healthcare facility can benefit from increased efficiencies and new cost-saving strategies.”
Some of the trends facing the healthcare industry identified by ERA include:
- Success in the 340B Discount Drug Program – Gaps exist between the rebates and coverage available and what the organization actually receives. Healthcare organizations may not know what coverage they can have and what rebates they’re entitled to.
- Specialty medications are more prevalent – With the increase in specialty pharmaceuticals comes the increase in complexity, both in determining the right medication for the right patient and in handling the office red tape with efficiency.
- Company consolidations – Organizations that take a global approach and focus on the threshold of spend are positioned to benefit from larger-scale rebates.
In the report, ERA explores these three pharmacy trends – their current state and potential impact on the healthcare industry, and the need for cost-saving strategies. ERA explains how these changes are coming and how they are driving costs up for healthcare providers. To read the full white paper, visit http://tiny.cc/ERAPharmacyTrends
For more information about ERA, visit http://www.expensereduction.com/.
About Expense Reduction Analysts
Expense Reduction Analysts (ERA) is a global franchise leader in helping organizations put additional cash flow to work without any compromise to quality and service. Established in 1992, with locations in the USA, Canada, Mexico, South America, the UK, Europe, Australia and New Zealand, ERA is now the largest and most experienced consultancy of its kind in the world. For more information, visit http://www.expensereduction.com/.
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