Tuesday Mar 19, 2024
A New Spin on Pharmacy Spend
Health system margins are shrinking making pharmacy spend a growing opportunity target. MultiCare Health System departs from historical methods with an exciting, multifaceted approach to the issue. Dr. Tyson Frodin, Assistant Vice President Pharmacy Supply Chain, Rev Cycle, Technology MultiCare Health System-Pharmacy Services, joins Gretchen Brummel, Pharmacy Executive Director in the Vizient Center for Pharmacy Practice Excellence and your program host to give his thoughts on this issue.
Guest speakers:
Tyson Frodin, PharmD, MHA, FACHE
Assistant Vice President
Pharmacy Supply Chain, Rev Cycle, Technology
MultiCare Health System-Pharmacy Services
Host:
Gretchen Brummel, PharmD, BCPS
Pharmacy Executive Director
Vizient Center for Pharmacy Practice Excellence
Show Notes:
[00:46-01:31] Dr. Tyson Frodin background information
[01:32-02:39] What drove the need for MultiCare’s pharmacy spend initiative
[02:40-08:42] Multi-pronged plan for MultiCare’s pharmacy spend initiative
[08:43-10:20] What surprised MultiCare about the process
[10:21-11:25] Outcomes
[11:26-13:11] Advice they have for other pharmacies who may wanna attempt something like this
[13:12-15:06] What’s in the future for MultiCare
Links | Resources:
Coming soon – New Pharmacy Portal and Pharmacy Analytics platform
We're excited to announce the launch of our new Pharmacy Portal on March 25th, alongside the rebranding of Vizient Savings Actualyzer – Pharmacy (VSAP) to Pharmacy Analytics.
The Pharmacy Portal is designed to be a comprehensive hub, offering a wide range of pharmacy tools and metrics, all accessible in one convenient location. With the rebranding to Pharmacy Analytics, we're introducing upgraded features and functionalities aimed at optimizing contract management, benchmarking spend, evaluating drug shortages and much more.
Join our webinar on March 27, Navigating Vizient Pharmacy Analytics with PMO projections and data, to learn more about the features and benefits of our new Pharmacy Portal and rebranded Pharmacy Analytics platform.
Plus, we will be hosting deeper dive sessions March 18 through April 5 where you can experience the new tools and ask questions of our pharmacy analytics experts. Learn more and sign up for one or multiple sessions.
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