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Goldilocks and Costco Inspire Big Pharmacy Savings
What does a box store discount chain and a fairy tale heroine with an aversion to extremes have to do with pharmaceuticals? As it turns out, plenty. The Zion Outpatient Pharmacy team in San Diego saved more than $1 million in five months by purchasing drugs in bulk, Costco-style, and partnering with pharmacists to order just the right amount of specialty medications—no more, no less. Check out how this team improved staff communication and affordability for our members and patients.
Here's What Worked
- Reviewing ordering and inventory practices
- Working with pharmacists to better manage the ordering of specialty drugs
- Increasing bulk purchasing
What can your team do to manage your inventory better? What else could your team do to save money?
$1.1 million
saved by pharmacy teams when they reduced high-cost drug inventory over five months