The journal paper "Operational and Clinical Strategies to Address Drug Cost Containment in the Acute Care Setting" has been chosen for this assignment. The Journal of Human Pharmacology and Drug Therapy's section on pharmacotherapy (McConnell et al., 2016). The main goal of this paper is to develop clinical and operational strategies that can be applied to reduce drug costs in any hospital environment. Acute care hospitals are reportedly facing mounting financial pressures that are getting worse every day, according to the story. However, it has been made clear that the pharmacist is solely responsible for making sure there are a number of ways to control the price of prescription medications. There are various operational strategies that the article has recommended, one of them being activities that pharmacy staff have to implement in contracting, inventory management as well as contracting. The clinical strategies use the knowledge and skills of pharmacy staff in an aim to maintain a formulary and also come in terms with clinical tactics that are useful in cost containment. After the implementation of e said initiatives, the assessment of the outcomes is an important step that determines the success level involved in the process of lowering costs.
In conclusion, most of the acute care hospitals are in a position to use the different operational and clinical strategies in an aim of lowering the costs of drugs. There is also a recommendation of using a systematic, stepwise method in order to ensure that the relevant drugs in these hospitals have been reviewed on a regular basis and also addressed as is necessary. In the long run, there will be a situation in which the cost containment strategies are always going to work in favour of all the hospitals that have employed them.
Reference
McConnell, K. J., Guzman, O. E., Pherwani, N., Spencer, D. D., Van Cura, J. D., & Shea, K. M.
(2016). Operational and Clinical Strategies to Address Drug Cost Containment in the Acute Care Setting. Pharmacotherapy: The Journal of Human Pharmacology and Drug Therapy.
