Slowing rate of cost increases in the pharmacy

Article Abstract:

Hospital pharmacies need to control the cost of drugs and may be forced to restrict some doctors from prescribing drugs until they can demonstrate competency in administering them. Pharmacies also need to make sure that physicians are choosing the right drugs. The correct drug will lower the total cost of care, reduce a patient's stay at the hospital and decrease morbidity. Hospitals will be better able to control pharmaceutical costs by instituting systems of drug evaluation and control.

Management, Planning, Column, Medical care, Cost of, Health care costs, Hospital pharmacies

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When debt's a credit; for institutions awash in red ink, asset-backed loans can be a lifesaver

Article Abstract:

Asset-backed loans are increasingly becoming the lifeline used by healthcare systems saddled with debts and are unable to obtain traditional loans from banks. A case in point is the Wycoff Heights Medical Center which had posted losses of $35 million and could not get any bank loans to pay its bills. The hospital raised money by selling $15 million in accounts receivables to Daiwa Securities of America.

Finance, Health care industry, Hospitals

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