Texas survey reveals hospitals transforming pharmacy services by 2027

A recent survey conducted by Maxor, a pharmacy solutions company, reveals that hospitals and health systems are increasingly looking to transform their pharmacy services over the next few years. The survey, which involved 78 executives and pharmacy leaders, highlights the need for healthcare organizations to adapt to rising costs and talent shortages by streamlining operations and exploring new revenue sources. Nearly two-thirds of respondents plan to expand pharmacy services by opening new sites, indicating a shift in strategy towards enhancing pharmacy operations. The report emphasizes the importance of partnerships with external pharmacy service providers, as 72% of those who collaborate with such partners report better revenue generation opportunities compared to only 32% of those who do not. This suggests that strategic alliances can significantly enhance the financial and clinical value of pharmacy services within health systems. Additionally, the survey found that many organizations lack real-time data to understand prescription leakage, with 73% expressing interest in leveraging data for better insights. Furthermore, the findings reveal that half of the respondents are unaware of their pharmacy capture rates, which are often below 30%. This indicates a substantial opportunity for improvement in capturing revenue and enhancing patient care. The risks of inaction are significant, including poor clinical outcomes and increased readmissions, which could further strain healthcare resources. In conclusion, the survey underscores the critical need for health systems to rethink their pharmacy strategies and consider partnerships that can lead to improved patient outcomes and financial performance. The evolving landscape of healthcare necessitates a proactive approach to pharmacy services to meet future demands effectively.