Reduce Costs While Improving Patient Care
Managing medication kits, trays and tackle boxes throughout the hospital is daunting. Pharmacy Technicians, under the supervision of a licensed pharmacist, replenish medication inventory in every kit, tray or box before being deployed for clinical use. The same staff bear the responsibility of ensuring medication kit and tray inventories are complete and accurate at replenishment. Excessive inventory holding costs, expired medication and unnecessary staff work time can cost your facility hundreds of thousands of dollars.
In addition to medication kit and tray management, your pharmacy must manage high-value/high-cost medications, including critical-care biopharmaceuticals, plasma products and vaccines. Although these medications may account for a small percentage of inventory quantity, due to their high cost, they represent a significant amount of budget and can create a financial burden. Other drugs, although seldom administered, are nonetheless vital to have ready. Emergency life-saving medications can be not only be expensive, but many are slow movers and often have a short shelf life. Products need to be in stock when patients arrive. Consequently, their stock levels and expiration dates must be managed closely and carefully.
1. ® 2013 by the American Pharmacists Association. All rights reserved. Health System Pharmacy: Inpatient
For most pharmacies, significant costs, regulatory pressures and patient care and safety challenges are often associated with medication inventory management and inconsistent medication management processes.
As reported in the American Pharmacists Association Career Pathway Evaluation Program for Pharmacy Professionals: “Workload and long hours are typically the least appealing aspect of inpatient pharmacy work. And concern with workflow issues and medication shortages are paramount.1