NEWS

Addressing the Drug Shortage Crisis

January 7, 2019

Steward Health Care, a for-profit, physician lead health care network, has become a founding member of Civica Rx. Civica Rx is a not-for-profit generic drug company, and the mission of the company is to drive down costs and increase the supply of life-saving medications.

“Steward is proud to join Civica because a new, highly-collaborative, approach is needed to solve America’s drug shortage crisis,” Joseph Weinstein, MD, chief medical officer of Steward Health Care, said in a statement. “Over the past decade, Steward has created a different kind of health care company, one that prioritizes wellness and unlocks access to high-quality, affordable care–which aligns with the critically important mission of Civica.”

Through a collaborative effort, Civica Rx members will identify the production needs of in-demand drugs and develop high-quality FDA approved medications at affordable prices, closing gaps in the drug marketplace.

For the initial focus of the company’s efforts, it is expected that Civica Rx will bring over 14 hospital-administered drugs to hospitals and health care systems in 2019. The company will then prioritize additional medications as the next phase of focus.  

Signing on with Civica Rx means Steward Health Care will join other health systems, including the Mayo Clinic and HCA Healthcare. It is estimated that roughly 800 US hospitals have joined this venture and many more have expressed interest.

“We are thrilled to welcome these highly-regarded health systems to Civica as founding members,” said Martin VanTrieste, CEO of Civica Rx. “Drug shortages have become a national crisis where patient treatments and surgeries are canceled, delayed or suboptimal. We thank these organizations for joining us to make essential generic medicines accessible and affordable in hospitals across the country.”

Julie Gould

Reference

Steward Health Care. Steward Health Care Joins Innovative Effort to Solve America’s Drug Shortage Crisis [press release]. https://www.businesswire.com/news/home/20190107005161/en/Steward-Health-Care-Joins-Innovative-Effort-Solve. Accessed January 7, 2019.


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