How a South Florida Hospital Saved $1.3 Million in Rx Costs

by Rebecca GrantOctober 29, 20201 min readin Hospital & Health Systems Videos On-Demand

A hospital in South Florida with 3,500 member lives made contractual and clinical changes to their pharmacy benefits program. From contractual savings alone, they lowered their prescription drug costs by 24.4%. Adding independent clinical oversight to their benefit design increased their savings by 5.5%. This resulted in a combined savings of $1.3 million. This helped them net a trend of 0% year-over-year compared to a national trend of an increase in costs of up to 10% or greater. By making these changes, hospitals can see significant dollars saved where they’re looking for opportunities to cut costs and improve their profit margins.

Download a copy of this case study to show your hospital clients and prospects how you can apply pharmacy benefits strategies to help address their financial challenges.

Rebecca Grant

Director of Strategic Markets

As Director of Hospital and Strategic Markets, Becky manages the Strategic Account Executives and Account Managers on the Strategic Markets team and is responsible for overseeing all account management initiatives related to the hospital vertical and other specialized markets. She leverages her 20 years of experience in pharmacy benefits operations, contracting, and management to support client relationship development and lead the planning and direction of meetings with employee benefits consultants and select carriers specializing in pharmacy benefits plans.

She previously worked at an employee benefits consulting firm where she managed major TPAs, grocery store chains, and hospital clients across the country. Her expertise includes a deep understanding of hospital objectives and 340B program administration. Becky holds a Bachelor of Science degree from Kent State University.