The Vizient Summer 2025 Spend Management Outlook (SMO) provides an integrated perspective on trends, factors and future expenses providers will face across the various dimensions of healthcare. In this episode, Dr. Carina Dolan and Dr. Jeni Hayes join host Carolyn Liptak to discuss pharmacy insights from the SMO including declining drug price inflation and how autoimmune conditions have surpassed oncology in total pharmacy costs. They also touch on pediatric spend drivers, biosimilar competition, and the impact of novel therapies. Tune in to VerifiedRx for practical insights to help pharmacy leaders plan for what’s ahead.

Guest speakers:

Carina Dolan, Pharm. D., MS Pharm, BCOP Associate Vice President, Clinical Oncology, Pharmacoeconomics and Market Insights Vizient Jeni Hayes, PharmD, MS Pharm, BCPS Senior Clinical Manager, Market Intelligence Vizient  Host:  Carolyn Liptak, , BS Pharm, MBA Verified Rx Host

Show Notes:

[01:13-02:41] Key pharmacy trends emerging from the Summer SMO

[02:42-04:00] Current pharmacy trends

[04:01-05:55] Pharmacy spend for autoimmune conditions has exceeded that of oncology

[05:56-07:36] Key takeaways

[07:37-08:47] Significant trends in this latest therapeutic insights update

[08:48-10:04] Challenges in gene and cell therapy space

[10:05-11:33] The Therapeutic Insights webpage for pediatrics

[11:34-13:41] Other reflections from the SMO

[13:42-14:49] How to locate the SMO

Links | Resources:

Vizient Spend Management Outlook

Vizient Therapeutic class insights

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Drug shortages continue to be a significant issue in the healthcare system, affecting various aspects of patient care and imposing substantial costs on hospitals and health systems. According to Vizient's 2024 drug shortages survey, U.S. hospitals are spending approximately 20 million hours annually managing these shortages, resulting in nearly $900 million in associated labor costs. The survey highlights that 74% of facilities reported exceeding their pharmacy budgets due to drug shortages, with pediatric facilities facing particularly significant financial and labor strain.

Kyle Hoelting, director of pharmacy supply assurance and stewardship and Nikola Markoski, director of pharmacy sourcing strategic solutions and analytics join host Katie Korte, vice president Vizient Reserve to delve into the results of Vizient’s 2024 drug shortage survey.

Guest speakers:

Kyle Hoelting, Pharm.D, BCPS

Director, Pharmacy Supply Assurance & Stewardship

Vizient Center for Pharmacy Practice Excellence

Nikola Markoski, Pharm.D, MBA

Director, Pharmacy Sourcing Strategic Solutions & Analytics

Vizient

Host:

Katie Kortie, Pharm.D, MHA, BCPS, BCCCP

Vice President, Strategy & Program Lead, Vizient Reserve

Vizient

Show Notes:

[00:47-01:14] Kyle and Niko Backgrounds

[01:15-05:04] What's different about this year's survey and what made 2023 a critical year in the drug shortage landscape

[05:05-08:27] How data was collected, what did the mix of information tells us and the biggest insights or patterns that surfaced in the survey

[08:28-12:25] What Vizient’s built or enabled that’s made a difference in this space

[12:26-15:55] How best to prepare for and respond to shortages from an inventory perspective

Links | Resources:

• Beyond the Shortage: The Hidden Cost of Drug Supply Chain Disruptions
• Drug shortage stewardship: A novel solution for an old problem
• Vizient Key performance indicators for the management of drug shortages
• Vizient Essential Medications List

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We all know that clinician burnout negatively impacts the quality of patient care. That's why pharmacy residency accrediting bodies now emphasize resident well-being and professional sustainability as core components of residency training earlier in clinician careers. The American Society of Health-System Pharmacists (ASHP) Accreditation Standards for PGY1 and PGY2 Pharmacy Residencies include a formal requirement for programs to address resilience, well-being, and burnout prevention, reflecting the increasing recognition of burnout in healthcare. Joining us to talk that out are Tony Huke, Senior Pharmacy Executive Director with Vizient Pharmacy Advisory Solutions and Kendra Gage, Inpatient Clinical Pharmacist and the PGY 1 Residency Program Director at UCHealth, University of Colorado Hospital in Aurora, Colorado.

Guest speakers:

Tony Huke, PharmD, BCPS, FASHP

Senior Pharmacy Executive Director

Vizient Pharmacy Advisory Solutions

Kendra Gage, PharmD, BCPS

Inpatient Clinical Pharmacist

PGY1 Pharmacy Residency Program Director

UCHealth

Host:

Kerry Schwarz, PharmD, MPH

Senior Clinical Manager, Evidence-Based Medicine and Outcomes

Center for Pharmacy Practice Excellence (CPPE)

Show Notes:

[01:11-03:25] What’s new at the national level in terms of pharmacy resident resiliency and well-being

[03:26-03:56] The intentionality of well-being in pharmacy residency programs

[03:57-05:12] Examples from Kendra’s program

[05:13-06:40] Program expectations to address resilience

[06:41-08:33] Assessment and potential metrics of resiliency programs

[08:34-11:06] The role of pharmacy leadership and residency program directors in resiliency

[11:07-12:34] Impact of resiliency programs so far

Links | Resources:

Accreditation Standards for PGY1 and PGY2 Pharmacy Residencies

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