Value Cycle Excellence: Drug Pricing Standardization for Hospitals and Health Systems
With pharmaceuticals playing an increasingly important role in the revenue cycle, leadership at independent hospitals and health systems are looking for ways to ensure both pharmacy and finance staff are able to work together to achieve standardized, defensible, and transparent pricing for drugs. Join us for an educational presentation on best practices for drug pricing markup policy standardization. Brian will cover both standalone hospitals and multi-hospital health systems, how to accomplish standardization before, during or after a major EHR upgrade or implementation to the formulary system, and how to ensure drug pricing is competitive and defensible while remaining net neutral. This presentation will explore different approaches to corporate drug pricing standardization in health systems, as well as key factors to consider and common problems encountered when managing drug pricing across multiple formularies and hospitals.
- Understand drug pricing markup strategies and standardization methods
- Improve drug pricing policy adherence
- Identify potential areas for simplification, standardization, or automation between your pharmacy and finance teams
- Vickie McElarney, RN, MBA, FACHE, COC, Consultant
- Dapo Akanbi, Net Patient Revenue Implementation Manager
You might also like...
Revenue Codes are probably the least understood coding set used for facility claims. Silos of knowledge about revenue codes are common in hospitals: Learn more: Billing knows claim edits for revenue codes Managed Care Contracting knows payer terms...read more
Join Craneware Revenue Integrity Executive Lisa Tonkinson on this complimentary educational webinar covering common revenue integrity gaps that frequently develop between the teams and systems managing the hospital’s CDM, Item Master and...read more
Correctly generating charges is one of the most important aspects of a hospital’s financial health, and today’s reality of complex clinical to charge system linkages in modern EHR platforms means that the integrity of your hospital’s charges is no...read more