The national discussion about our healthcare system remains a hot topic, including what can be done to reduce healthcare costs while increasing the quality of patient care. As part of this equation, hospitals are constantly struggling with the task of managing inventory and budgets in order to keep costs in line. We’ve introduced the prospect of using RFID to solve many challenges in the healthcare market including cost control, and honestly, the opportunities seem limitless. Check out some of our previous posts to learn more.
In addition to improving cost control, healthcare facilities around the world are continuously improving processes related to the five “rights” of medication administration – an extremely important element of patient care. The five “rights” include:
- Right patient
- Right drug
- Right dose
- Right route
- Right time
MEPS has partnered with ThingMagic and is using the M5e embedded UHF RFID module to manage high-value, critical-dose medication dispensing and delivery to patients. By design, INTELLIGUARD’s real-time item level visibility prevents drug expiration losses and reduces unnecessary inventory and costs.
A brief case study:
Sharp Memorial Hospital is San Diego’s largest emergency and trauma center. Sharp has 5,000 products in its formulary with around $2 million in inventory at any given time. At Sharp, like other hospitals, some drugs are infrequently prescribed, but Sharp can’t risk NOT having them in stock. Previous inventory process often resulted in significant loss due to expiration and the traditional dispensing cabinets that required manual counting and barcode scanning were prone to errors.
INTELLIGUARD Automated Dispensing Cabinets from MEPS Real-Time were put in place at Sharp Memorial Hospital. These cabinets automatically read the contents of each drawer in real time, eliminating the need for manual scans and alerting the staff of upcoming expiration dates.
Over the course of an 8 month study, Sharp confidently reduced PAR levels while eliminating fear factor buying. In addition, no medications expired unused and there were no stock-outs.
The bottom line? INTELLIGUARD Automated Dispensing Cabinets – powered by ThingMagic RFID - are a proven solution for helping pharmacists manage drug inventory while reducing costs, increasing employee efficiency, and maintaining the highest level of patient care. Check out the video case study below to learn more!