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Michael Korthuis Vice President of Engineering, Omnicell The changing nature of healthcare and the shift toward value-based care has led to a growing focus on better cost management while improving care. According to an ASHP poll of hospital pharmacy personnel, pharmacists spend 26 percent of their time on clinical activities.
billion is forecasted to be spent on electronic health records (EHR) by 2024, many hospitals continue to be burdened with costs. Hospitals spend $563 million in readmissions, $359 million in drug shortages, $800 million in expired medication, and $7.5 Disconnected systems also complicate merger and acquisition activity.
Ken Perez Vice President, Healthcare Policy and Government Affairs, Omnicell How much health policy change can the Biden administration effect during the next four years? There are five wildcards that will likely factor into what health policy changes take place in the next few years. and Senate Minority Leader Mitch McConnell (R-Ky.)
The party in control of Congress in 2023 and 2024 will have a significant impact not only on big picture matters like gun regulation, immigration, and Roe vs. Wade but also on more discrete issues like the 340B program. Many of the bills were aimed at hospital use of the 340B program. Register today.
The Trump administration cut Medicare Part B reimbursement to 340B hospitals by close to 30 percent. I don't anticipate that will change in 2023 or 2024. If hospital advocacy groups turn to Congress to clarify the contract pharmacy law, it is no sure thing that the effort will be successful.
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