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NJHA Creates Partnership for Pharmacy Performance.

Health/Medical Editors/Bioscience & Pharmaceutical Writers

PRINCETON, N.J.--(BW HealthWire)--July 10, 2001

To help its members control rising pharmaceutical costs and improve medication use practices, The New Jersey Hospital Association has announced the formation of a new initiative called the Partnership for Pharmacy Performance (P3).

Through the P3 initiative, participating NJHA members will have access to expertise, benchmarking tools and other proprietary resources to assist them in controlling costs while improving the quality of patient care.

"We recognize that the best way to help our members control rising pharmaceutical costs is to focus resources on improving pharmaceutical utilization," said Gary Carter, NJHA's president and chief executive officer. "Using the right drug is the foundation of enhancing pharmacy performance. While traditional GPO purchasing remains important in controlling costs, we believe the biggest opportunities for our members will come from identifying best utilization practices and the implementation of effective clinical programs."

"Initially our plan is to work with a group of approximately 10 hospitals that share this view and believe there is value in collaboration and sharing information," Carter continued. "After careful consideration, we have selected Cardinal Health, which has combined its years of pharmacy operations experience and resources to provide hospital pharmacies with a flexible suite of resources for improving performance. This new agreement allows us to support the P3 initiative with proven clinical programs and resources to help our members implement changes and rapidly realize results."

Supporting the P3 initiative will be Cardinal Health Provider Pharmacy Services, a newly created division of Cardinal Health, Inc. headed by president Dwight Winstead. "We wanted to give our clients greater flexibility, to fill the gap between services provided by traditional pharmacy consultants and those available through outsourcing arrangements," said Winstead. "Sometimes customers need supplemental resources or specialized expertise in order to achieve their specific goals. By consolidating our experience and expertise in Cardinal Health Provider Pharmacy Services, we can offer customers new solutions to many common challenges being faced by hospital pharmacies."

NJHA, based in Princeton, is a hospital industry leader in advocacy, education and information. It partners with its 107 members to help them provide accessible, affordable and quality healthcare.
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Publication:Business Wire
Date:Jul 10, 2001
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