CLIP: How Geisinger is reining in pharmacy costs

During a Jan. 29 webinar hosted by Becker’s Hospital Review and moderated by publisher Scott Becker, leaders from four health systems discussed which service lines are driving pharmacy costs and explained what their organizations are doing to control spending. At Geisinger Health, data analytics play a significant role in reducing pharmacy costs, according to Vice President of Clinical Informatics Dean Parry. Geisinger uses analytics to illustrate potential benefits of pharmaceuticals across the organization, rather than focusing solely on costs. Parry said this decision-making strategy sometimes means using more expensive agents to lower the overall cost of care — and vice versa.