FEATURED: POINT OF VIEW
Vice President, National Practice Leader, Performance and Outcomes
Innovative Delivery Solutions,
Making a hospital pharmacy more efficient is a proven way to drive down costs and significantly improve operating margins. Quality and service often improve dramatically at the same time. Today, with so much pressure on costs, innovative pharmacies are using efficiency gains to elevate their bottom lines and their strategic importance inside hospital systems.
Where can a pharmacy find opportunities to improve efficiency? Our answer: Look everywhere -- starting first with your purchasing, inventory, staffing and operating procedures.
To start, assess your pharmacy's performance against industry standards and best practices. This will help identify areas of improvement, and provide industry standards for key metrics to track progress after changes are made. Monitoring progress and measuring results are the roadmap for the long, never-ending journey toward optimizing efficiency.
Cardinal Health supports and operates hundreds of hospital pharmacies across the country, helping to drive efficiencies in everything from workflow and pharmacy design to inventory management and automation. Whether it's optimizing inventory controls or implementing purchasing best practices, it's our experience that there are hidden opportunities to substantially improve efficiencies in virtually any hospital pharmacy.
Read more about Fixing hospital pharmacy inefficiencies
Ken Hale R.Ph, Ph.D.
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