JOURNAL ARTICLE

A Proven Model to Combat U.S. Drug Shortages.

  • Published In: Harvard Business Review Digital Articles, 2024. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Liljenquist, Dan 3 of 3

Abstract

The article discusses the chronic problem of drug shortages in the United States and presents a model that has proven successful in combating these shortages. The model, employed by Civica Rx, a nonprofit organization based in Utah, involves bypassing middlemen, entering into long-term purchase and supply contracts with hospitals, and pricing drugs on a cost-plus basis. The article highlights the impact of drug shortages on patient health and healthcare systems, and emphasizes the need for innovative business models, like Civica's, to address market failures and prioritize patient needs. [Extracted from the article]

Additional Information

  • Source:Harvard Business Review Digital Articles. 2024/04, p1
  • Document Type:Article
  • Subject Area:Diplomacy and International Relations
  • Publication Date:2024
  • Accession Number:177126423
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