CHARLOTTE, N.C.--(BUSINESS WIRE)-- The Premier healthcare alliance commends President Obama and his administration for taking action to help further reduce and prevent drug shortages and subsequent price gouging that is challenging our nation’s providers to effectively care for patients and control costs.
As the White House referenced in their release, Premier research estimated that gray market vendors are attempting to mark up shorted drugs by an average of 650 percent and as much as 4,500 percent. Additional research from Premier suggests drug shortages cost U.S. care providers at least $200 million annually while posing patient safety risks.
At the same time, part of the solution to the drug shortage problem resides with better coordination within the supply chain. To that end, Premier hosted a session with generic drug manufacturers last week to examine the complex causes of drug shortages and to begin the process of identifying market based solutions to the problem. As one example of a takeaway from the session, Premier will work with our colleagues in the GPO industry to formulate a strategy to take back to manufacturers and distributors that will help protect against hording and shortages that have impacted hospital care of patients.
Premier is also supportive of the bipartisan legislation that will give FDA new tools to prevent drug shortages. However, we know this issue requires collaboration among stakeholders across both the public and private sector.
No one cause explains drug shortages and no easy solution exists to address the problem. The Premier healthcare alliance is determined to help find ways to reduce the short term impact of drug shortages and solve the problem in the long term.
About the Premier healthcare alliance, Malcolm Baldrige National Quality Award recipient
Premier is a performance improvement alliance of more than 2,500 U.S. hospitals and 78,000-plus other healthcare sites using the power of collaboration to lead the transformation to high quality, cost-effective care. Owned by hospitals, health systems and other providers, Premier maintains the nation's most comprehensive repository of clinical, financial and outcomes information and operates a leading healthcare purchasing network. A world leader in helping deliver measurable improvements in care, Premier has worked with the Centers for Medicare & Medicaid Services and the United Kingdom's National Health Service North West to improve hospital performance. Headquartered in Charlotte, N.C., Premier also has an office in Washington. http://www.premierinc.com. Stay connected with Premier on Facebook, Twitter and YouTube.
Premier healthcare alliance
Alven Weil, 704-816-5797
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INDUSTRY KEYWORDS: Health Hospitals Public Policy/Government Public Policy Medical Supplies