article thumbnail

STAT+: Health care CEOs hauled in $4 billion last year as inflation pinched workers, analysis shows

STAT

But health care stocks fell significantly less than other companies as the amount of care received and prescriptions filled returned closer to pre-pandemic norms. By almost every measure, 2022 was a bad year for the stock market.

article thumbnail

So You Want To Build An Outpatient Pharmacy For Your Hospital? Here’s What’s Involved.

Proxsys Rx

On June 12, ProxsysRx opened its pharmacy in Holyoke Medical Center — a 198-bed independent community hospital in Holyoke, Massachusetts. The pharmacy is currently offering full retail service, and some patient-discharge prescription support (Meds To Beds), but the Employee Prescription plan still has a few hurdles to overcome.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

ProxsysRx’s Meds To Beds Program Makes Immediate Impact Upon Launch At TMH

Proxsys Rx

To date, we’ve published a dozen posts either detailing, or mentioning-in-passing, the clinical and financial benefits a well-run Meds To Beds program offers hospitals and the patients they serve. The patient would have left the hospital without her medication, and taken her prescription to be filled at her pharmacy.

article thumbnail

Is Your 340B Vendor A Partner Or A Parasite?

Proxsys Rx

The United States Congress established the 340B statute in 1992 to help non-profit hospitals fill-in the often-backbreaking revenue gaps inherent to their business models — enabling covered entities to replenish eligible prescriptions at significant savings. That means a 340B hospital paying a 12.5%

article thumbnail

ProxsysRx’s Meds To Beds Program Makes Immediate Impact Upon Launch At TMH

Proxsys Rx

To date, we’ve published a dozen posts either detailing, or mentioning-in-passing, the clinical and financial benefits a well-run Meds To Beds program offers hospitals and the patients they serve. The patient would have left the hospital without her medication, and taken her prescription to be filled at her pharmacy.

article thumbnail

How Pharmacists Can Use Artificial Intelligence To Advance Their Practice: Insights From ChatGPT

ID Stewardship

Streamlined Prescription Filling : AI systems can automate prescription filling processes by extracting relevant information from electronic prescriptions, verifying insurance coverage, and generating labels. This empowers patients to make informed decisions and fosters better medication adherence.

article thumbnail

Which TPAs Are The Best At Optimizing 340B Savings And Revenue?

Proxsys Rx

Every eligible prescription worth submitting for 340B savings requires matching pharmacy prescriptions with patient encounters. It’s an undertaking that’s simply too large for most hospitals to affordably manage in-house. Transaction fees per matched prescription fills of $4 to $5 per matched dispense are not uncommon.