Enterprise Inventory Optimization
Creating a comprehensive view of your medication inventory from wholesaler orders to pharmacy — makes for more effective overall management.
- Overview
- Clinical
- IT
- Operations
Help achieve your medication inventory goals.
One automated source for all your connected technologies can empower your pharmacy to be more proactive and make better-informed decisions, helping to identify potential medication errors, minimize latency and create positive financial impacts through cost avoidance.
Clinicians
IT
Operations
By combining BD HealthSight™ Inventory Optimization and BD Pyxis™ Logistics, you can gain and sustain better visibility and insights.
- Optimize your on-hand inventory
- Better manage shortages
- Minimize drug waste
- Improve your labor inefficiencies
BD HealthSight™ Inventory Optimization
BD Pyxis™ Logistics
BD Pyxis™ MedStation™ ES
Abstract
By using advanced analytics, the University of Rochester Medical Center (URMC) realized a significant reduction in stock-out rates (a 266% reduction at one facility for targeted medications), a reduction in expired waste from Automated Dispensing Cabinets (a 66% reduction at one facility), as well as decreased inventory carrying costs. URMC also made great strides in mitigating staff frustration and confusion, resulting in improved efficiencies in pharmacist and technician workflows related to inventory replenishment.
URMC maintained and improved efficiencies further with BD HealthSight™ Inventory Optimization, which has replaced most report generation and manual calculations with automated inventory analysis and intelligent recommendation processes.
Impact
Implementing BD HealthSight™ Inventory Optimization resulted in immediate reductions in cost and manual effort, measurable and sustained improvement in key performance indicators for inventory management, and the ability to redeploy staff to other priority initiatives.
Be prepared for what’s next
You are dedicated to the relentless pursuit of patient care and have no doubt experienced the minute-by-minute unpredictability of a hospital environment. You need a medication inventory management solution that enables you to be prepared for whatever comes your way.
We can reallocate that labor to other patient care tasks, helping to drive efficiencies so we can spend time on adding value, particularly around cost-reduction strategies.
Leverage your IT investments to drive efficiencies and manage costs.
Our solutions can analyze usage data on stockouts and refills during set time periods to determine optimal refill times. This reduces tech workflow conflicts with care teams—when a nurse needs to get a medication to a patient, it can be restocked before they get to that cabinet.
Advanced analytics can also help make refill trips more efficient, working toward one major replenishment per day—saving time and alleviating stress associated with misplaced meds.
Enhancing your existing systems with the strategic interoperability of BD technologies unlocks more dynamic capabilities
A single medication management source that exchanges information with existing systems and a unified formulary allows your team to focus on their strengths and accelerate the speed of patient care.
Cybersecurity at BD
As we build a strong community of practice, working closely with our customers, industry regulators, and security researchers, we’re improving cybersecurity and resilience across the industry.
BD utilizes a framework to incorporate cybersecurity into our processes for product design, manufacturing, customer support and enterprise systems. Our framework has been aligned to various industry work products including the HSCC Joint Security Plan, NIST Cybersecurity Framework, ISO 27001, UL 2900 and ISA 62443.
Get near real-time visibility to achieve your inventory management goals.
With enterprise inventory optimization from BD, you get near real-time visibility to help you create more efficient workflows and achieve your inventory management goals.
