In 2018, the price for pharmaceuticals for use in both hospital and non-acute settings is expected to rise 7.61 percent.
This is due in part to the increasing reliance on high-priced specialty medication and less use of generic drugs, according to Vizient Inc.’s July 2017 Drug Price Forecast.
“The latest Drug Price Forecast highlights numerous market dynamics that continue to contribute to rising pharmaceutical costs and exacerbate the challenge of managing health system pharmacy expenses,” says Dan Kistner, senior vice president, pharmacy solutions for Vizient. “Pharmacy leaders – now more than ever – must be proactive and strategically plan to address these issues and implement cost-saving and quality optimization measures.”
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
