Hospital Pharmacies Balance Cost Savings and Care with One-of-a-Kind Inventory ...
ATLANTA, Apr 11, 2012 (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.
Hospital Pharmacies Balance Cost Savings and Care with One-of-a-Kind Inventory ...
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 technician labor.
“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 cabinet.”
