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Goldilocks and Costco Inspire Big Pharmacy Savings

  • Reviewing ordering and inventory practices
  • Working with pharmacists to better manage the ordering of specialty drugs
  • Increasing bulk purchasing

What can your team do to manage your inventory better? What else could your team do to save money? 

 

What does a box store discount chain and a fairy tale heroine with an aversion to extremes have to do with pharmaceuticals? As it turns out, plenty. The Zion Outpatient Pharmacy team in San Diego saved more than $1 million in five months by purchasing drugs in bulk, Costco-style, and partnering with pharmacists to order just the right amount of specialty medications—no more, no less. Check out how this team improved staff communication and affordability for our members and patients.

A Million Dollar Fix
Archived content
Live, non-archived content
TTP Blurb
This outpatient pharmacy team saved more than $1 million in five months by increasing bulk purchasing and ordering just the right amount—no more, no less—of high-cost medications for members.
Why This Matters
By ordering the right amount of drugs, the pharmacy saved money and helped keep KP affordable for our members.
Test of Change
Working with pharmacists to better manage the ordering of specialty drugs
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Short Teaser

Cut inventory waste and mend your team’s finances.

Medium Teaser

Learn how the Zion Outpatient Pharmacy team in San Diego saved more than $1 million by increasing bulk purchasing and partnering with pharmacists to better manage their inventory of high-cost drugs. 

Long Teaser

Learn how the Zion Outpatient Pharmacy team in San Diego saved more than $1 million by increasing bulk purchasing and partnering with pharmacists to better manage their inventory of high-cost drugs. 

Nav Section
Preview Image
worker standing in a pharmacy stock room.
Landing Page Title
Costco and Goldilocks Inspire Savings
Topics
Affordability
Region
Southern California
Communicator
Sherry Crosby
Editor (if known)
Tyra Ferlatte
Role
Frontline Managers
Frontline Workers
UBT Consultants & UPRs
UBT Co-Leads
Date of publication
This has been edited
0
Team Level
Level 4
Department
Pharmacy
Content Type
Team-Tested Practice
Content Goal
Inform
Big Number
$1.1 million
Explanation

saved by pharmacy teams when they reduced high-cost drug inventory over five months