Managing pharmaceutical inventories across a multifaceted health system is costly and difficult.  Health systems are looking for new methods of data management, better technological inventory controls and improved logistics across their IDNs in order to save money, comply with increased regulatory mandates, decrease inventory turns, and improve access to care.

 

Since 2017, Greenville Health System has utilized the Greenville Pharmacy Consolidated Services Center to better manage their resources versus treating each acute care hospital as a stand-alone pharmacy. They’ll discuss how they put together a strategic business plan discovering how much the entire system was spending on pharmaceuticals and audited for pricing compliance. Eventually they demonstrated to senior leadership a business case with a compelling ROI to move forward with the project. After building-out an 8,000-square-foot distribution facility to centralize inventory, they begin the process of implementing these changes. 

 

You’ll discover their ROI, benchmarking metrics, issues with changing a culture engrained through years of ‘doing it one way’ and unintended consequences from changing to a centralized services center approach.

 

Learning Objectives:
1. Identify best practices to effectively manage pharmacy operations across a multi-site health system.
2. Describe the benefits that implementation of a pharmacy consolidated services center can provide.
3. Outline the challenges that must be addressed in the supply and regulation of pharmaceutical inventories.