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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
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10% increase in hospital labor expenses1
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66% burnout rate for pharmacy teams, the highest of all hospital staff1
Regulatory Upkeep
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620+ federal regulatory requirements2
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$7.6M average annual compliance spend2
Drug Procurement
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New biosimilars and their complex nuances
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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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Article: Taking Hospital Pharmacy to the Next Level
How empowering the pharmacy team can take financial, clinical, and operational performance from ‘good’ to ‘excellent’ in today’s climate
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