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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.

Hillsdale’s executive leadership engaged CPS to deliver tech-enabled pharmacy solutions, reduce regulatory risk, and drive high-quality financial, operational, and clinical outcomes year over year.

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

Reduction in antimicrobial costs per pharmacy-adjusted patient day (PAPD)
Operational Efficiencies leading to annual salary savings
Annual cost avoidance after Telepharmacy services implemented: over 23,000 medications processed and 2,000+ meaningful patient interventions per year

"As the CFO, I’m absolutely concerned about the financials, but we also need to take into consideration the quality, patient satisfaction, and compliance in regard to pharmacy—and I have a 100% comfort level with CPS on that.” -- Mark Gross, CFO & VP, Hillsdale Hospital

^[1]American Hospital Association. Cost of Caring 2024: America’s Hospitals and Health Systems Continue to Face Escalating Operational Costs and Economic Pressures as They Care for Patients and Communities. May 22, 2024. Accessed October 15, 2024. https://www.aha.org/system/files/media/file/2024/05/Americas-Hospitals-and-Health-Systems-Continue-to-Face-Escalating-Operational-Costs-and-Economic-Pressures.pdf

Fill out the form below to download the case study and learn how Hillsdale Hospital achieved these results and more.

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Hillsdale Hospital: Driving Results through An Award-Winning Pharmacy Team

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

How Does Your Hospital Pharmacy Benefit?

IN-DEPTH ASSESSMENTS We review clinical and financial performance, regulatory requirements, compliance status, standards of practice, accreditation standards, policies and procedures, and more

GUIDANCE BY PHARMACY PRACTICE SPECIALISTS We advise your pharmacy while addressing performance barriers and introducing a culture of continuous improvement

CORRECTIVE ACTION PLANS We benchmark performance and identify opportunities

SPECIAL COMPLIANCE PROGRAM We deliver keen focus on 340B programs, USP 797/800, controlled substance risk, accreditation readiness, and more

LEVERAGE OUR YEARS OF EXPERIENCE CPS has delivered over 250 customized sterile compounding consultative assessments for diverse compounding operations

RECEIVE A COMPLETE SITE ASSESSMENT using our proprietary audit tool

RECEIVE A DETAILED EVALUATION OF STAFF AND SYSTEMS including personnel training and evaluation, an operational review, and more

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.

CPS WORKS WITH YOUR THIRD-PARTY ADMINISTRATORS to capture the claims which now meet the standards for inclusion in your 340B program

YOUR ORGANIZATIONAL REVENUE INCREMENTALLY IMPROVES FROM THIS PROCESS

Case Study: How Drew Memorial Slashed Total Drug Spend to <$20 PPD

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