Drug shortages hit a 10-year high in the first quarter of 2023, and the challenges driving some of these issues show little sign of abating anytime soon.
Things like manufacturing quality issues, discontinuations, raw material issues, and the small number of manufacturers and limited production capacity, will likely continue at least in the short term.
In this session, we will delve into these critical issues plaguing the pharma supply chain and explore strategic approaches to mitigate their impact on patient care.
Learning Objectives:
1. Analyze best practices to foster partnerships with pharmaceutical manufacturers, distributors, and other healthcare institutions to enhance communication and share resources during shortages.
2. Apply strategies to leverage advanced inventory management systems and data analytics to optimize drug supply chains, forecast shortages, and facilitate prompt actions.
3. Demonstrate diversification strategies to identify alternative suppliers and explore therapeutic alternatives to minimize dependence on single-source drugs.
4. Employ tactics to promote medication stewardship programs, including drug utilization reviews and formulary management, to ensure appropriate utilization and minimize waste.
(Provider & GPO Focused by Invitation Only)