drug pricing: the hospital experience
TRANSCRIPT
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Drug Pricing: The Hospital Experience
Brian Stephens, Chief Executive OfficerDr. Jim Heise, Chief Medical Officer
Amy Konop, Pharmacy DirectorCarrie Peterson, Certified Pharmacy Technician
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75 Years of Service
Door County Medical Center (DCMC) has provided 75 years
of quality health care to residents of Door County & northern Kewaunee County
• Established as a non-profit hospital organization in 1944
• Became part of Ministry Health Care in 1999
• Ministry Health Care became part of Ascension Health in 2013
• Established formal partnership with Hospital Sisters Health System in November 2016
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DCMC Today
• FY 2019 Statistics– $89 Million in Net Operating
Revenue– 1,278 Inpatient Admissions– 8,771 ED Visits– 76,330 Clinic/Urgent Care Visits– 563 FTEs/670 Employees– 25,000 Unique Patients Served
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Drug Spend
FY17 FY18 FY19
Drug Spend $2.6M $2.6M $4.1M
Total Expenses $80.8M $82.1M $88.3M
% Increase 0.0% 4.7%
Ratio 3.2% 3.1% 4.7%
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High Cost Drugs
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High Cost Drugs
• Novo7
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High Cost Drugs
• Naloxone
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High Cost Drugs
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The Art of Sourcing Drugs
• Drug availability is the priority with affordability as a second priority
• Attention to it every day• Recalls• Working with partner facilities• Communication with 3rd party
buyers