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July 1, 2024
All 71 CHS hospitals to use Mark Cuban's drug wholesale services
beckershospitalreview.com
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Contributed by: Drex DeFord
Summary
Mark Cuban Cost Plus Drug Co. has initiated a significant partnership with Community Health Systems (CHS), becoming the wholesale drug distributor for CHS's 71 affiliated hospitals. This partnership marks the first large-scale health system adoption of Cost Plus Drugs' wholesale services, which offer generic medications at manufacturing cost plus a 15% markup. The deal involves the initial supply of 12 generic therapies, addressing various medical conditions. By leveraging its direct relationships with top generic manufacturers, the partnership aims to reduce drug costs and improve supply chain resilience. CHS expects substantial cost savings and greater input into medication availability and pricing, aligning with Cost Plus Drugs' mission to make healthcare more affordable.
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