In 2024, pharmacy will play an even more significant and critical role in health systems’ financial and operational performance nationwide. While health systems face daunting challenges, increasing risks, and suffocating regulatory and compliance burdens, high-performing pharmacy organizations are poised to mitigate financial losses and improve operations. We’ve never been more bullish about the opportunities for engaged pharmacy executives and leaders in the years ahead.
Skyrocketing drug costs, 340B challenges, growing demands on a shrinking workforce, and the leakage of infusion services and associated financial losses are a few of the challenges we discuss here. But with challenges come opportunities, and in this edition of Visante’s Top 10, we’re pleased to offer exciting and timely solutions that health systems can take advantage of in 2024 and beyond.
1. Winning in the Face of Pharmacy Workforce Challenges
Tara Bracken and David Hager
As a pharmacy profession, we often say “yes” to new roles and responsibilities to serve our patients and elevate our standing in the organization. While this is a commendable effort, the result is an unfortunate and troubling imbalance between resources and workload. Add in the continued workforce shortages for nurses, physicians, technical staff and others, and we see roles continuing to blur as the patient care needs remain constant. This is why the healthcare workforce remains a top concern of healthcare C-suites across the country.
Reframing Practice Advancement
In 2023, pharmacy workforce efforts focused on essentials: prioritizing workforce mental health and well-being, enhancing compensation, and expanding flexibility through work-from-home or hybrid models. In 2024, pharmacy workforce efforts will need to include new approaches to employee career paths (such as latticed career ladders), refine core services in inpatient practice, and identify new opportunities for service line expansion. Read more >
Visante is focused on helping health systems accelerate strong financial and operational performance through our pharmacy consulting services. Our team of professionals bring deep, contemporary expertise and innovation to optimizing all aspects of a fully integrated health system pharmacy program, driving significant value quickly.
