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Innovation is part of Drew Memorial Health System's DNA. Across the hospital, teams regularly evaluate and enhance services to better support patients and the community.
In June 2020, opportunity came knocking for the pharmacy department.
Drew Memorial needed to hire a new pharmacy leader following a retirement. For CEO Scott Barrilleaux and his leadership team, it was also the perfect time to check in on the pharmacy's operations to find opportunities to strengthen its financial and clinical performance for the years ahead.
Before engaging with CPS Solutions, LLC (CPS), Drew Memorial spent $15 per patient day (PPD) on antibiotics, for example. They wanted to find ways to optimize total medication spend without impacting patient care or compliance.
Finding experienced staff in a rural area to support goals like that is no easy feat. So Barrilleaux turned to a familiar face for help: CPS. After working alongside the CPS pharmacy experts for nearly 20 years at his previous hospitals, Barrilleaux knew they could help Drew Memorial find the right leader and create an innovative growth approach for the pharmacy.
Today - just several years later - Drew Memorial's pharmacy is stronger than ever with:
- A high-performing and well-integrated pharmacy leader, Brannon Hill.
- Optimized drug purchasing processes that have reduced drug spending. Today, antibiotic spending is down to just $2.27 PPD, with total drug costs under $20 PPD.
- A strong community pharmacy department primed to support and grow Drew Memorial's overall innovation.
What is Drew Memorial's secret to pharmacy management success amid so much transition? A transformational partnership with the CPS team.
How'd they do it? Download the case study to find out.
Download the Case Study Now:
Case Study: How Drew Memorial Slashed Total Drug Spend to <$20 PPD
Worried about how your hospital will continue to navigate rising drug costs and other pharmacy pressures? Let Drew Memorial Health System's story of pharmacy transformation inspire you.
How Does Your Hospital Pharmacy Benefit?
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IN-DEPTH ASSESSMENTS We review clinical and financial performance, regulatory requirements, compliance status, standards of practice, accreditation standards, policies and procedures, and more
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GUIDANCE BY PHARMACY PRACTICE SPECIALISTS We advise your pharmacy while addressing performance barriers and introducing a culture of continuous improvement
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CORRECTIVE ACTION PLANS We benchmark performance and identify opportunities
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SPECIAL COMPLIANCE PROGRAM We deliver keen focus on 340B programs, USP 797/800, controlled substance risk, accreditation readiness, and more
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LEVERAGE OUR YEARS OF EXPERIENCE CPS has delivered over 250 customized sterile compounding consultative assessments for diverse compounding operations
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RECEIVE A COMPLETE SITE ASSESSMENT using our proprietary audit tool
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RECEIVE A DETAILED EVALUATION OF STAFF AND SYSTEMS including personnel training and evaluation, an operational review, and more
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FOLLOWING ASSESSMENT, CPS will deliver a written compliance report and a corrective action plan detailing findings and recommendations to bring your compounding pharmacy into regulatory compliance.
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CPS WORKS WITH YOUR THIRD-PARTY ADMINISTRATORS to capture the claims which now meet the standards for inclusion in your 340B program
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YOUR ORGANIZATIONAL REVENUE INCREMENTALLY IMPROVES FROM THIS PROCESS
Case Study: How Drew Memorial Slashed Total Drug Spend to <$20 PPD
"Working with CPS has definitely improved our drug spending. Our total savings to date in our relationship is $4 million+. It has also improved our patient care here at the hospital, which has really made a difference."