2023 Together - PH337 - Big Molecules and Big Data Lead to Big Savings- On Demand
New biologics are the primary reason for high drug spend. More innovative formulary management strategies are needed to control cost and enhance clinical outcome. Sutter Health Pharmacy developed an innovative formulary management program. A multidisciplinary team designed the program based on the principles of financial impact analysis methodology published by an ISPOR task force. The program was sponsored by the system pharmacy vice president and supported by the Vizient RxCommit team. This program achieved $12.5 million in reduced drug spend and $35 million in cost avoidance within the first year.
- Pharmacy Technicians
- Other Healthcare Professionals
Discuss the financial impact analysis model published by the Professional Society for Health Economics and Outcomes Research (ISPOR) task force.
Explain how to evaluate the efficacy, safety and cost-effectiveness of subtherapeutic classes of medication with high clinical and financial impact.
Outline how electronic health record tools guide clinical practice.
Sophia Humphreys, PharmD, MHA, BCBBS, System Pharmacy Director, Formulary Management and Clinical Programs, Sutter Health, Sacramento, Calif.
Ryan Stice, PharmD, BCPS, System Pharmacy Vice President, Sutter Health, Sacramento, Calif.
Interprofessional Continuing Education (IPCE)
This activity was planned by, and for, the healthcare team, and learners will receive 0.50 Interprofessional Continuing Education (IPCE) credits for learning and change.
Vizient, Inc. designates this enduring material for a maximum of 0.50 ANCC contacts hours.
Vizient, Inc. designates this enduring material for a maximum of 0.50 contact hours for Pharmacists.
Universal Activity Number: JA0006103-0000-23-182-H04-P
Pharmacy Technicians (CPE)
Vizient, Inc. designates this enduring material for a maximum of 0.50 contact hours for pharmacy technicians.
Universal Activity Number: JA0006103-0000-23-182-H04-T
Vizient, Inc. designates this enduring material for a maximum of 0.50 AMA PRA Category 1 Credit(s)™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.
Other Healthcare Professionals (General CE Credit)
Vizient, Inc. will award a maximum of 0.50 contact hours to all other healthcare professionals who successfully complete the activity. These individuals will receive a Certificate of Participation indicating the maximum credits available.
Many state licensing boards and credentialing bodies accept certificates of participation from accredited CE activities to meet CE requirements for license renewals and re-certification. It is the responsibility of the participant to contact their state licensing board and/or certifying body for verification on credit eligibility reciprocity.
- 0.50 ACPE Pharmacist
- 0.50 ACPE Pharmacy Technician
- 0.50 AMA PRA Category 1 Credit™
- 0.50 ANCC
- 0.50 General CE – Attendance
- 0.50 Interprofessional Continuing Education (IPCE)