Secondary Care Coalface - Cost Minimisation Strategies for Medicines within Secondary Care

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Summary

• gives an overview of the methods that have been used by hospital pharmacy to reduce medicines expenditure
• suggests a number of cost minimisation strategies
• provides examples from practical experience numbering some hospitals where implementation has resulted in a reduction of costs and wastage of medicines.

Correction
The wording in the last paragraph of Box 2 of the article entitled "Cost Minimisation Strategies for Medicines within Secondary Care" should have read: "We have now standardised and can report significant annual cost savings for PFHT of £13,143 on turnovers of £100,121 on one product and £86,978 on the other. The next phase is to collect expenditure data for the three constituent hospitals for the cancer network".

Apologies to readers for any confusion caused.