Articles
Most long-term care (LTC) and skilled nursing facilities (SNFs) continue to grapple with substantial financial strain due to the ripple effects of supply chain disruption, staffing issues, and rising drug costs. Drug costs represent the…
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Prescription drug costs account for a significant portion of long-term care (LTC) and skilled nursing facilities’ expenses. Consequently, facility operators seeking to improve their bottom line should understand how their LTC pharmacy relationship impacts their…
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Long-term care operators know first-hand the complex behind-the-scenes work that goes into running a facility, particularly in the middle of a pandemic. Burnout is real and widespread, even among administrative staff. One of the greatest…
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LTC operators could be missing out on significant savings Aside from labor costs, pharmacy spend is one of the most costly parts of running a long-term care (LTC) or skilled nursing facility (SNF). It is…
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The Great Resignation, ongoing supply chain issues, and unpredictable regulation make for an interesting 2022, but we have the opportunity to begin turning the ship around in long-term care. The last two years have shown…
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Scott Taylor discusses how the COVID-19 pandemic led SRX to develop a revolutionary employee benefit program: Arc The problem: Pharmaceuticals in long-term care are one of the largest cost centers with an almost impenetrable degree…
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Software Automation Transforms Pharmacy Bill Transparency. Are you a long-term care (LTC) administrator charged with enforcing pharmacy contract terms and pricing? If so, we feel for you. The sheer number of line items on a…
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Part Four: Increase Transparency in Your LTC Pharmacy Relationship to Ensure Compliance If you have been following our series on improving transparency in your long-term care (LTC) pharmacy relationship, you understand that LTC facilities have…
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Part Three: Achieve Pharmacy Costs Savings Through Transparency As a skilled nursing facility or nursing home operator or administrator, you know that managing medications for your residents is not only complicated, it’s costly. So costly,…
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Part Two: Achieve Transparency in LTC Pharmacy Management—Time is Money In Part One of our series in Achieving Transparency in LTC Pharmacy Management, we explored the three key areas most improved by greater transparency: time,…
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