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Hospital pharmacies find budgeting a challenging process this year.(Report)
Hospital pharmacies find budgeting a challenging process this year
Lower bed counts, state budget cuts have impact
Hospitals from coast to coast are finding it more challenging to handle budgeting this year because of a variety of economic pressures.
On paper, hospitals in the past couple of years have seen the lowest predicted increase in drug expenditures in a decade or longer..sup.1
Normally, this would make the budgeting process a little easier. But in reality, hospitals are dealing with budget cuts due to decreased hospital utilization, state budget cuts, and other economic pressures and byproducts of the national recession.
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Source: HighBeam Research, Hospital pharmacies find budgeting a challenging process this...