HVPE Presentation 2023 PDF

High-Value Pharmacy Enterprise (HVPE) Richard Burrell, RPh., MBA Administrative Pharmacy Director Wellstar MCG Health Augusta, Georgia  Overarching Goal “The HVPE creates a new framework for the profession by defining eight domains that define both fun...

High-Value Pharmacy Enterprise (HVPE) Richard Burrell, RPh., MBA Administrative Pharmacy Director Wellstar MCG Health Augusta, Georgia  Overarching Goal “The HVPE creates a new framework for the profession by defining eight domains that define both fundamental and aspirational elements of practice that should be established within the contemporary health system pharmacy enterprise by calendar year 2025. It is intended to be achievable and inspire health system pharmacies to attain the highest level of professional practice to meet the evolving needs of our patients and our organizations.“ - Vizient 2020 aa  Pharmacy Enterprise An integrated system of pharmacy business units organized with accountability for the medication use process across the continuum of care to meet the needs of patients as they transition from different levels of the health care delivery system 8 HVPE DOMAINS:  Patient Services  Business Services  Ambulatory & Specialty Pharmacy Services  Inpatient Operations  Safety & Quality  Pharmacy Workforce  Information Technology & Data Management  Pharmacy Leadership  Value Based Healthcare Value-based healthcare is a healthcare delivery framework that incentivizes healthcare providers to focus on the quality of services rendered, as opposed to the quantity. Under a value-based healthcare model, healthcare providers (including hospitals and physicians) are compensated based upon patient health outcomes. Clinicians who participate in value-based care agreements are rewarded for promoting healthy patient outcomes, reducing the chronic disease burden, and helping their patients live healthier lives through evidence- based medicine.  Disney’s 7 Service Value Principles Be Happy– make eye contact and smile! Be like Sneezy– greet and welcome every customer. Spread the spirit of Hospitality. It’s contagious! Don’t be Bashful– seek out Guest contact. Be like Doc– provide immediate service recovery. Don’t be Grumpy– display appropriate body language at all times. Be like Sleepy– create dreams and preserve the magical Guest experience. Don’t be Dopey– thank every Guest!  Environmental Drivers Third Party Payer Pressures – reduce costs & measure quality Mergers & Acquisitions – Piedmont, Wellstar, Atrium, Novant  Environmental Drivers Rising Drug Costs  Environmental Drivers Drug Shortages -Current Electrolytes Irrigation Bottles (Water/Saline) Steroids 503B** Environmental Drivers  Environmental Drivers And then there was…………….  Health System Pharmacy Drivers  Standardization Needed to Measure Pharmacy Value – meaningful metrics / KPI’s  Health System Cost Reductions – supplies / personnel  Improve Skill Mix for Pharmacy Technicians  Equal Focus on Retail/Employee Rx Benefits, Specialty Pharmacy and Ambulatory Clinical Pharmacy Services  Telehealth  Third Party Payor Disruption in Ambulatory Pharmacy -340B  Inconsistency of Patient Transitions of Care & Population Health  Regulatory Requirements (USP797,800, GDNA, DEA, JCAHO)  Pharmacy Staff Shortage  Management of Automation SELL THE VALUE!!!!!!!!!!!!..........not the time to be silent  Keys to Success COMMITMENT Keys to Success COMMITMENT VISION Keys to Success COMMITMENT VISION PASSION  Keys to Success COMMITMENT VISION PASSION CREDIBILITY & ACCOUNTABILITY  Keys to Success COMMITMENT VISION PASSION CREDIBILITY COLLABORATION & ENGAGEMENT