Best Practices for Managing High Cost Medications
The purpose of this webinar is to provide a brief overview for pharmacy leaders to better manage high cost medications at their respective institutions. This webinar is an overview to a 5-webinar series and was inspired by the white paper entitles “Best Practices for Managing High-Cost Medications” that was published earlier this year. We will provide an overview of core principles including formulary management, managed care, purchasing/inventory management, and revenue cycle/retrospective business review. We will expand on each principle, providing examples from practices at OSU Wexner Medical Center personal experiences from our committee team.
Target Audience
- Pharmacists
Learning Objectives
- Explain what classifies a high cost drug and national trends in drug expenditures
- Apply formulary management principles to management of high cost drugs
- Discuss optimal processes to enhance reimbursements within the managed care setting
- Identify appropriate strategies for inventory management
- Analyze best practices of revenue cycle integrity initiatives managed by pharmacy departments
- Recognize processes to conduct a retrospective business review on pharmacy services
Additional Information
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Relevant financial relationships: Planning committee members and presenters have nothing to disclose
Planning committee members
Course reviewer
Presenters

Available Credit
- 1.00 ACPE Pharmacist