Many hospital pharmacy leaders focus on drug prices alone. But the total cost of a drug is influenced by many other factors. Leaders know this, but they're pressed for time and often unable to complete deeper calculations that fully capture the drivers of total value for drug purchases. 

Consider this scenario: A purchase seems to initially offer savings based on a price, but in the long run, those upfront savings prevent more significant total value that may stem from volume discounts and other agreement terms. 

Now, more hospital pharmacy leaders are tapping technology to help them identify the total value of purchases, identify systemwide purchase savings strategies and track the performance of those initiatives.

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