By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: How We’re Rationing Life-Saving Drugs
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > How We’re Rationing Life-Saving Drugs
Business

How We’re Rationing Life-Saving Drugs

JohnCGoodman
JohnCGoodman
Share
1 Min Read
SHARE

Half of all hospitals are buying drugs on the gray market:

Fifty-two percent of hospital purchasing agents and pharmacists reported they’d bought drugs from so-called “gray market” vendors during the previous two years, according to a just-released survey of 549 hospitals by the Institute for Safe Medication practices, an advocacy group.

Half of all hospitals are buying drugs on the gray market:

Fifty-two percent of hospital purchasing agents and pharmacists reported they’d bought drugs from so-called “gray market” vendors during the previous two years, according to a just-released survey of 549 hospitals by the Institute for Safe Medication practices, an advocacy group.

More Read

Churning in ObamaCare
Medication Shortages Another Area of Concern for Hospitals
Demographics of CDHP Enrollees
The Insanity of Health Care Pricing, aka Alice in Medical Land
Take a Deep Breath: Marijuana Product Placement Is on the Way

Gray-market suppliers are those that operate outside official channels, often buying drugs from uncertain sources and reselling them at a steep profit. A report issued last week by a one hospital association found their average mark-up was 650 percent.

Pressures from demanding doctors and desperate patients helped fuel the transactions, making hospital staffers feel like they had no choice but to buy drugs in short supply at steep prices.

   

TAGGED:healthcare businesspharmaceuticals
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

a woman walking on the hallway
6 Easy Healthcare Ways to Sit Less and Move More Every Day
Health
September 9, 2025
Clinical Expertise
Healthcare at a Crossroads: Why Leadership Matters More Than Ever
Global Healthcare
September 9, 2025
travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025

You Might also Like

5 Items Every Physician’s Website Should Have to Attract New Patients

February 13, 2013
work life balance third place success factor dike drummond
Business

Spine Surgery is an Exception to the Usual Country Market Rules

August 15, 2011
patient communities
BusinessDiagnosticseHealthHealth ReformHome HealthHospital AdministrationMedical DevicesMedical EducationMedical InnovationsMedical RecordsMobile HealthNewsPolicy & LawPublic HealthSocial MediaTechnologyWellness

Top Digital Health Innovations That Will Transform Healthcare

September 24, 2013

Even Non-Kentucky Doctors Need to Examine Kentucky’s Narcotic Bill

July 31, 2012
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?