The partnership aims to improve affordability and mitigate
waste of certain medications in ScionHealth's hospital
settings.
COLUMBUS, Ohio, May 1, 2024 /PRNewswire/ -- ScionHealth announced
today they will begin purchasing certain bulk drugs from
Mark Cuban's Cost Plus Drug Company
("Cost Plus Drugs") and delivered to Safecor Health's SafecorLogics
program. The integrated approach, combining the expertise of three
organizations, will enable ScionHealth to deliver exceptional value
to patients while ensuring the sustainability of its healthcare
delivery model.
Cost Plus Drugs was launched in January of 2022 with the mission
of providing cheaper pharmaceuticals by eliminating middlemen and
offering a transparent pricing model. The company's Cost Plus Drugs
Marketplace launched in 2023 to bring this same philosophy to
healthcare business purchasers. "Everyone should be able to access
their prescriptions at affordable and transparent prices," said Dr.
Alexander Oshmyansky, CEO at Cost
Plus Drugs. "We are thrilled to work with ScionHealth as one of our
initial health system partnerships and look forward to our work
together with their team and Safecor Health."
Since September of 2023, ScionHealth has worked with Safecor
Health as a strategic supply chain partner through Safecor Health's
SafecorLogics program. SafecorLogics was developed to help
healthcare systems centralize their own unit-dose supply chains,
giving them greater cost savings and mitigating waste while
optimizing staffing and operations. ScionHealth expanded its
utilization of the program in January of 2024.
"Across the industry and particularly in hospital settings, we
are facing the challenges of rising drug and supply costs and
navigating staffing shortages," said Rob
Jay, ScionHealth's Chief Executive Officer. "ScionHealth is
continually looking for innovative approach to address these issues
while continuing to advance the delivery of high-quality,
patient-centered care and wellbeing to our communities.
SafecorLogics has already been an effective solution to help us
address these challenges. Now, by introducing Cost Plus Drugs, we
are confident we'll see even more success managing drug costs and
enhancing care delivery across the ScionHealth network."
Steve Fischbach, Safecor Health's
Chief Executive Officer, echoed this sentiment, saying "We are
proud to partner with innovative companies like ScionHealth and we
are excited to expand that partnership with products from Cost Plus
Drugs. It's a great fit for the SafecorLogics program and we're
sure it will lead to meaningful savings for ScionHealth."
The drugs ScionHealth purchases in bulk from Cost Plus Drugs
will be delivered to Safecor Health's unit-dose packaging centers
where they will be packaged, stored, and shipped same-day as
requested by ScionHealth's locations.
About ScionHealth
ScionHealth strives to deliver on
its promise of high-quality, patient-centered hospital care by
empowering the hands that heal to do what they do best. The health
system is focused on driving innovation, serving its communities,
and investing in people and technology to deliver compassionate
patient care and excellent health outcomes. Based in Louisville, ScionHealth operates 94 hospital
campuses (76 specialty hospitals and 18 community hospital campuses
and associated health systems) and senior living locations in 28
states. For more information, please visit www.scionhealth.com.
Media Contact: Susan
Feeney | 202.607.0315| Susan.Feeney@scionhealth.com
About Cost Plus Drugs
The Mark Cuban Cost Plus Drug
Company, PBC (Cost Plus Drugs) aims to fundamentally change
the way the pharmaceutical industry operates. As a public-benefit
corporation, its social mission of improving public health is just
as important as the bottom line. The company's Cost Plus Drugs
Marketplace (business.costplusdrugs.com) launched in 2023 to bring
its mission of reducing prices through complete transparency to
healthcare business purchasers. Learn more at: mccpdc.com
Media Contact: press@costplusdrugs.com
About Safecor Health
Founded in 2008, Safecor Health
is the national leader committed to providing unit-dose drug
packaging services for hospitals, long term care providers,
pharmaceutical manufacturers, and retail and digital health
companies. Safecor Health also markets a rapidly growing line of
commercial unit-dose products for use in institutions. Today,
Safecor Health services over 1,000 hospitals across the country and
repackages for more than 75% of the U.S. News & World Report
"Honor Roll" Hospitals. Safecor Health has a track record of
providing quality products and for delivering significant cost
savings to hospitals and health systems. Operating out of three
state-of-the-art packaging centers, the Safecor Health team has
expertise in pharmaceutical packaging, pharmaceutical distribution
and supply chain, and healthcare information technology. For more
information, please visit www.safecorhealth.com.
Media Contact: Mark Leney,
R.Ph. | 800-447-1006 x2127 | mleney@safecorhealth.com
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SOURCE Safecor Health