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
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    photo of hands with blue veins
    8 Proven Tips on Finding Difficult Veins
    November 12, 2021
    tips for getting over the pandemic blues
    4 Proven Ways to Get Over the Pandemic Blues
    February 22, 2022
    medical industry innovations
    How is CNC Machining Transforming the Medical Industry?
    June 2, 2022
    Latest News
    5 Self-Care Habits to Help You Live an A+ Life
    September 21, 2023
    Keep Employees Safe & Healthy By Reducing Warehouse Injuries
    September 20, 2023
    What is Pneumonia? Causes, Treatment, and Care
    September 19, 2023
    Navigating Through the Essentials: Medical Billing Training for Beginners
    September 12, 2023
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    The Positive Impact Of Outdoor Activities And Events On Kids’ Health
    October 11, 2019
    The Data Shows an Opioid Crisis in America
    January 22, 2018
    Medicare Vs. Private Health Insurance In Australia: A Simple Comparison
    February 21, 2020
    Latest News
    Job Seekers with Disabilities Should at Health Insurance Benefits
    September 12, 2023
    Reasons That Drug Prices Are Rising to Unsustainable Levels
    September 12, 2023
    How Revenue Lifecycle Management Helps Healthcare Providers to Optimize Business Operations
    September 6, 2023
    The Hidden Benefits of Practice Exams for Medical Professionals
    September 6, 2023
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: How We’re Rationing Life-Saving Drugs
Share
Sign In
Notification Show More
Aa
Health Works CollectiveHealth Works Collective
Aa
Search
Have an existing account? Sign In
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
Last updated: 2011/08/30 at 1:37 PM
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

medical devices

What Are the Different Categories of Medical Supplies?

Important Steps to Take for Scaling A Biopharma Product
Types of Remote Access Solutions for Hospitals
What Are the Benefits of Attending Medical Sales College?
Subscription Management Solutions Are Crucial for Telemedicine

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 business, pharmaceuticals

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
JohnCGoodman August 30, 2011
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article GNAX Health Named by VMware as First vCloud® Powered Service Provider in Healthcare IT
Next Article How You’re Going to Pay for Hurricane Irene

Stay Connected

1.5k Followers Like
4.5k Followers Follow
2.8k Followers Pin
136k Subscribers Subscribe

Latest News

abdominal pain
The Impact of Abdominal Pain on Female Health
Women Health September 20, 2023
5 Self-Care Habits to Help You Live an A+ Life
Health September 20, 2023
warehouse worker health and safety
Keep Employees Safe & Healthy By Reducing Warehouse Injuries
Health September 20, 2023
self-care tips for nurses
Self-Care is Critical for NICU Nurses, Here’s Why
Nursing September 19, 2023

You Might also Like

medical billing training
Medicare

Navigating Through the Essentials: Medical Billing Training for Beginners

September 12, 2023
Healthcare Businesses
Marketing

Can Subliminal Messaging Help Market Healthcare Businesses?

September 6, 2023
healthcare providers
Hospital Administration

How Revenue Lifecycle Management Helps Healthcare Providers to Optimize Business Operations

September 6, 2023
optimize healthcare business
News

Top Tips To Optimize Operations In Your Healthcare Office

June 30, 2023
Subscribe

Subscribe to our newsletter to get our newest articles instantly!

Follow US
© 2008-2023 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Lost your password?