$422,670

By implementing cost saving measures such as optimized drug ordering, a streamlined formulary, antibiotic stewardship, decreasing medical waste, and other cost-conscious measures, our team was able to provide an immediate impact to the bottom line of the portfolio. Although there was a slight reduction in case count, by leveraging relationships with wholesalers, distributors, etc., as well as introducing substitute products, we were able to reduce the average drug cost per case by 22%.

The strategies employed provided an annual savings of $422,000, which equated to an average savings of $84,500 per facility.