January 2018

If you’re a hospital administrator looking for cost savings, just follow your nose to the cafeteria. Among those cheeseburgers and tossed salads, your hospital cafeteria probably offers more savings opportunities than you imagined: Consider that the cost of food and food-related services in a hospital or health care system can represent between 8 and 12 percent of your annual purchased services spend. More

If you’re a fan of industry trivia, you’ll want to remember this tidbit: Outpatient pharmacies can be found in approximately 35 percent of U.S. hospitals, according to a 2016 survey from the American Society of Health-System Pharmacists. More

Hospitals and health systems of all sizes, take note: Specialty medications – those high-cost drugs used to treat complex or chronic diagnoses – are expected to represent more than 50 percent of the overall drug market within five years. More

Ah, 2018. Everyone is back to work, and many have committed to a New Year’s resolution or two. On the job, talk may have turned to professional performance goals or new exercise regimens, and Vizient has a suggestion that can contribute to your organization’s “fiscal fitness”: aggregation groups. More