Case Study: Kingman Regional Identifies $1 Million In Annualized Lost Revenue

Bruce Latimer, director of pharmacy services, completed a comprehensive review of the Kingman pharmacy department's financial processes and systems. As with most hospitals, supplies and labor are Kingman's two biggest expenses. Because medications represent a significant percentage of the overall supplies expenditure, Latimer looked for ways to reduce pharmacy costs and ensure that medications were being accurately billed and reimbursed.