Congrats to Tyson Frodin and his pharmacy team at MultiCare Health System for being recognized by Becker's Healthcare for their innovative approach to reducing drug costs through our partnership with Cost Plus Drugs Marketplace (For Business)! #healthcareinnovation
Thrilled to share MultiCare Health System’s innovative partnership with Mark Cuban Cost Plus Drug Company, which was recently featured in Becker’s! 🏥💊 Through this collaboration, MultiCare has saved over $1 million on 125 generic medications from April to October alone. By leveraging Cost Plus Drugs’ transparent pricing model and utilizing data analytics, we've identified opportunities to drive significant value — not just in cost savings, but in reinvesting those dollars into initiatives that improve care delivery and patient outcomes. These savings represent just a fraction of our $350 million annual drug budget, but they’re already fueling new opportunities: * Supporting new service lines *Investing in cutting-edge technology and automation *Improving access to care and patient experiences This partnership also enhances our approach to managing drug shortages, helping reduce spend on replacement therapies by over 50% this year. It’s a perfect example of how pharmacy leaders can tackle healthcare’s toughest challenges through strategy, innovation, and collaboration. Mark Cuban Mark Cuban Cost Plus Drug Company, PBC MultiCare Health System
