Best Practices for Managing High Cost Medications – Purchasing and Inventory Management, Revenue Cycle, and Retrospective Business Review

June 22, 2021

The purpose of this webinar is to equip pharmacy leaders to better effectively utilize strategies affecting purchasing and inventory management, revenue cycle, and retrospective business review to manage high-cost medications at their respective institutions. This webinar is the second webinar in a five-webinar series and was inspired by the white paper entitles “Best Practices for Managing High-Cost Medications” that was published earlier this year. Our speakers are experts in the mentioned fields and will draw upon their experiences to provide unique tools for pharmacy leaders.

Target Audience

  • Pharmacists

Learning Objectives

  1. Apply purchasing strategies including contract management, 340b drug pricing program optimization, and benchmarking to high cost medications.
  2. Assess inventory management tools including PAR level optimization, drug utilization requirements, and perpetual inventory technology systems.
  3. Analyze revenue cycle integrity principles including prior authorization/benefits investigation processes, proper billing and coding techniques, managing denials and system write-offs.
  4. Apply retrospective business review strategies to communicate pharmacy departments financial efforts and evaluate strategic opportunities.

Additional Information

AttachmentSize
PDF icon Helpful Tips for Users.pdf157.72 KB
File Information for CE Credit - Best Practices for Managing High Cost Medications.docx125.37 KB
Course summary
Available credit: 
  • 1.00 ACPE Pharmacist
Course opens: 
06/22/2021
Course expires: 
08/05/2021
Event starts: 
06/22/2021 - 12:00pm CDT
Event ends: 
06/22/2021 - 1:00pm CDT
Add to calendar: 
Live via webinar
United States
Relevant financial relationships: Planning committee members and presenters have nothing to disclose.
 
Planning committee members
Sybil Thomas, PharmD, MBA
Senior Director, Pharmacy
Vizient, Inc.
 
Henry Clark, PharmD
PGY1/MS1 Health-System Pharmacy Administration and Leadership Resident
The Ohio State University Wexner Medical Center
 
Christian Tulio, PharmD, MBA
PGY1/MS1 Health-System Pharmacy Administration and Leadership Resident
The Ohio State University Wexner Medical Center
 
Course reviewer
Sybil Thomas, PharmD, MBA
Senior Director, Pharmacy
Vizient, Inc.
 
Presenter
Michael O’Neal, BS, DPh, MBA
Director – Pharmacy Procurement & Inventory Management
Vanderbilt University Medical Center
 
Gordon Smith, MS, DPh, MBA
Director of Pharmacy Revenue Cycle
Vanderbilt University Medical Center
Joint Accreditation Statement:
 
In support of improving patient care, Vizient, Inc. is jointly accredited by the Accreditation Council for Continuing Medical Education (ACCME), the Accreditation Council for Pharmacy Education (ACPE), and the American Nurses Credentialing Center (ANCC) to provide continuing education for the healthcare team.
 
Designation Statements:
 
PHARMACY
Vizient, Inc. designates this activity for a maximum of 1.00 ACPE credit hours.
Universal Activity Number: JA0006103-0000-21-123-L04-P

Available Credit

  • 1.00 ACPE Pharmacist
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