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Novation Releases its Drug Price Forecast for 2012-13
Date:3/26/2012

IRVING, Texas, March 26, 2012 /PRNewswire/ -- Novation, the leading health care supply contracting company, today announces the release of its Drug Price Forecast Summary Report, Winter 2012.  This summary report highlights key insights offered in Novation's full Drug Price Forecast, including projected drug price inflation summary projections and overviews of the top five therapeutic categories based on purchase volume.

Novation's semi-annual Drug Price Forecast is designed to offer information and support resources to aide in the development of annual drug budget projections. The full report, available exclusively to members of VHA, UHC and Provista, features additional information including:

  • detailed category overviews for the top twelve therapeutic categories based on purchase volume;
  • price inflation projections by product and therapeutic category; and
  • an interactive Drug Budget Worksheet enabling the addition of a facility's purchase history by generic product or therapeutic category to build a pharmaceutical budget for using Novation Drug Price Forecast projections.

Novation's Drug Price Forecast estimates the change in the cost of pharmaceuticals purchased from July 1, 2012, through June 30, 2013. The forecast is focused on pharmaceutical use in the acute care hospital setting and is based on purchase history and data associated with Novation Pharmacy Program participant health care organizations.

The summary report specifically reviews the therapeutic categories of antineoplastics, plasma critical care products, hematopoietic agents, disease-modifying anti-rheumatic drugs, and heparins.

"As hospitals are squeezed more and more tightly by today's financial pressures, the projections in our report can be very helpful for making budget projections," said David Jameson, vice president, pharmacy, Novation.  "Many f
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SOURCE Novation
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