|[April 11, 2012]
Hospital Pharmacies Balance Cost Savings and Care with One-of-a-Kind Inventory Optimization from McKesson
ATLANTA --(Business Wire)--
Hospital pharmacies across the U.S. are transforming their operations
using McKesson's pharmacy
automation solutions, including its new, one-of-a-kind RightStock™
inventory management feature. Exclusive to McKesson's AcuDose-Rx® medication
dispensing cabinets, RightStock's unique "set it and forget it"
features optimize inventory for each cabinet automatically on a daily
basis, preventing costly medication stock outs and minimizing waste.
With this market-leading functionality, pharmacists gain far greater
control over inventory management and can help ensure that the
medications nurses need are always available. Several hospitals are
already reaping the benefits, including significant cost reductions,
improved medication availability and greatly enhanced workflow.
Aultman Hospital in Canton, Ohio has achieved a 70% reduction in
medication stock outs since implementing the RightStock feature in its
pharmacy. The software automatically monitors and adjusts medication
levels based on usage. It also dramatically reduces the time needed for
pharmacists to analyze reports and make inventory decisions.
Using RightStock, Aultman stabilized its narcotic restocking and
tracking by automating the ordering process and updating inventory.
Pharmacists have significantly reduced time spent processing paperwork.
In addition, the reduced stock out rate for narcotics alone is expected
to translate into nearly $30,000 per year in savings on pharmacy
"With the new RightStock inventory management feature, we can
dynamically adjust inventory levels to the ideal amount for each
medication cabinet," said James Toohey, director of pharmacy at Aultman
Hospital. "The information and control we get with the system lets us
better manage the amount of high-value medications stocked in each
Georgia Health Sciences Medical Center (formerly MCGHealth) in Augusta (News - Alert),
Ga. and Advocate Lutheran General in Park Ridge, Ill. are using other
inventory management features from McKesson to drive improvements in
their medication distribution process. Georgia Health Sciences' pharmacy
has leveraged McKesson's carousel and cabinet inventory control
functionality to increase inventory turns by 3.5 while reducing
inventory carrying costs - which is counterintuitive to standard
practice. Flexing inventory to meet a patient's length-of-stay needs
ensure the medication is available on the nursing unit, while
significantly reducing time spent delivering medications. The hospital's
pharmacy also has improved turnaround time for medication orders, with
routine orders being turned around in less than 90 minutes from order
entry to delivery, and less than 15 minutes for stat orders.
"Our philosophy is 'touch the medication once'," said Tad Gomez,
director of pharmacy and pharmacy residency programs at Georgia Health
Sciences Medical Center. "We can place the right amount of inventory in
the right location at the right time without duplicating effort, and our
nurses know that the medications they need will be in the cabinet for
the length of the patient's stay."
Advocate Lutheran General has used McKesson's carousel and reporting
functions to significantly improve pharmacy picking accuracy, resulting
in an increase in inventory turns to 14 per year. This not only improves
the pharmacy's service to staff and patients, but also eliminates
duplication and contributes to greater accountability and cost
effectiveness. As a result, less money is tied up in inventory.
"Optimization reports and recommendations help us evaluate the
adjustments we make, so we're putting the right amount of inventory in
the right places," said John Falkenholm, pharmacy manager. "We're making
decisions based on more than intuition, so we're not just filling the
shelves with product."
McKesson's automation solutions streamline the entire medication
delivery process, from the distributor through the pharmacy and to the
nursing unit, to ensure patients get the medications they need faster
and more accurately.
"With pharmacy inventory representing 25% of the average hospital's
total inventory value, pharmacy leaders face increasing challenges to
contain costs while balancing patient safety and accuracy," said Kraig
McEwen, president, McKesson Automation. "With our pharmacy automation
solutions, McKesson is enabling better business health for hospitals by
supporting their efforts to satisfy the needs of patients and clinicians
while optimizing medication inventory."
Learn more about ways McKesson's full suite of automation solutions are
helping hospital pharmacies manage intelligent inventory control,
support patient care and safety, and enhance operational efficiency
through the Achieving Better Medication Management webinar series.
Register today at http://mckesson.cvent.com/event/BetterMedManagement.
McKesson Corporation, currently ranked 15th on the FORTUNE 500, is a
healthcare services and information technology company dedicated to
making the business of healthcare run better. We partner with payers,
hospitals, physician offices, pharmacies, pharmaceutical companies and
others across the spectrum of care to build healthier organizations that
deliver better care to patients in every setting. McKesson helps its
customers improve their financial, operational, and clinical performance
with solutions that include pharmaceutical and medical-surgical supply
management, healthcare information technology, and business and clinical
services. For more information, visit http://www.mckesson.com.
About Aultman Hospital
Aultman Health Foundation is a not-for-profit health care organization
serving Stark and surrounding counties. The vertically integrated
institution includes Aultman Hospital, the locally managed
health-insurance provider AultCare and the Aultman College of Nursing
and Health Sciences. With 808 beds, 575 active physicians and a staff of
nearly 5,000 employees, Aultman is Stark County's largest hospital and
employer. For more information, visit www.aultman.org.
About Georgia Health Sciences Medical Center
The 478-bed Georgia Health Sciences Medical Center is operated by the
Georgia Health Sciences Health System, a not-for-profit corporation that
manages the clinical operations of Georgia Health Sciences University.
The health system also includes a Critical Care Center, housing the
region's only Level I trauma center; the 154-bed Children's Medical
Center, providing the highest level of pediatric critical care and
neonatal intensive care; and more than 80 outpatient clinics that
provide primary and specialty care inside the Medical Office Building.
About Advocate Lutheran General
Advocate Lutheran General Hospital, Park Ridge, Illinois, is a tertiary
care, academic and research hospital, and the only Level I trauma center
in the northwest suburban region of Chicago. It was founded in Chicago
in 1897, and celebrated its 50th year at its Park Ridge location in
2009. Advocate Lutheran General Children's Hospital is one of the most
comprehensive providers of pediatric care in the state. It is the only
children's hospital in the north and northwest suburbs of Chicago, a
Level III perinatal center (the highest designation) and a Pediatric
Critical Care Center. The children's hospital serves as a major Midwest
referral center for infants and children, especially for complex
illnesses and chronic conditions. The hospitals are part of Advocate
Health Care, which is the largest health care provider in Illinois and
one of the nation's top health care systems.
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