Intelligence Capabilities to Improve Hospital Pharmacy Performance
Automated dispensing cabinets and other automation generate vast amounts of pharmacy data. What if this data could be captured and more easily presented in ways that help dramatically improve pharmacy operations?
This is precisely how Omnicell's Inventory Optimization Service supports your journey toward an Autonomous Pharmacy. Our premium cloud-based intelligence solution collects data from all OmniCenter®-based automation, including XT Automated Dispensing Cabinets, providing:
- Visibility – Get a fuller picture of medication inventory and standard diversion reporting to monitor compliance across locations
- Insights – Receive recommended optimization changes to improve pharmacy operations
- Workflow – Workflow tools drive specific actions that help improve business and clinical outcomes
With Omnicell’s Inventory Optimization Service, pharmacy data is transferred into a user-friendly dashboard with at-a-glance views of key medication metrics and trends. The solution leverages predictive and prescriptive hospital pharmacy analytics to provide automated end-to-end medication inventory visibility across your health system.
More than leading-edge technology, our Inventory Optimization Service also provides expertise through our team of clinical strategists who collaborate with you to develop ongoing performance improvement strategies. These experts are focused on reducing excess medication spend and waste by identifying opportunities for cost savings including:
- Establishing par efficiency on dead stock
- Identifying stocked over max
- Reducing stockouts
- Managing shortages
- Performance benchmarking
Advanced Inventory Visibility with Compliance Insights
Drug diversion puts the institution and patient care at risk, making compliance monitoring vitally important. But without diversion reporting to monitor compliance, clinical staff can spend hours a day sifting through medication automation reports to spot suspicious activity.
Omnicell's end-to-end inventory visibility and compliance monitoring leverages machine learning and artificial intelligence to help you get a better handle on diversion risk and identify suspicious behavior patterns.
"The buyers are seeing the financial, clinical, and operational impact of using data to make inventory management decisions. They’ve become passionate about it in ways I don’t think we would have been able to achieve otherwise."
Katie Tahir, Pharmacy Compliance Analyst, Baptist Health Alabama
Reduce waste from expired meds, track medication shortages, and ensure meds are optimally located
Monitor for anomalous patterns more efficiently for your diversion reporting
Optimize inventory, including par levels, in automated dispensing cabinets and other OmniCenter automation
Achieve business and clinical outcomes through a field strategist partnership
Features
Compliance Monitoring
Omnicell's Inventory Optimization Service provides standard diversion reporting for compliance and transactional monitoring of all controlled substances shipped to, received, and stocked by the pharmacy, and distributed in nursing, OR, and perioperative environments.
- • Visibility to anomalous behavior through an algorithm that compares an individual’s behaviors to peers performing the same or similar tasks and renders a score for that individual
- Higher scores flag areas of concern that should be investigated
- Investigations can be supported with the transaction tracking reports
- View questionable events history along with accountable individuals associated with the event
- Swiftly address highlighted anomalous behavior and discrepancies with documentation patterns
- Visibility into 100% of electronic controlled substances transactions and assigns a score based on the number of dispensed controlled substances
- Analyzes behavior patterns within peer groups—including time lags, movement, bin discrepancies, and more
- Data analytics dashboards track down to the transactional level—patient, provider, location, medication, and event type
- Collects data from the Omnicell Anesthesia Workstation so you can view analytics for the OR and procedural areas where there is greater opportunity for diversion
Medication Inventory Management
Aggregates medication and supply data from other Omnicell automation systems, providing facility-wide visibility of usage and inventory—in central pharmacy, operating rooms, and nursing units—to improve medication supply chain decisions.
- Pharmacy analytics software gathers relevant data from all OmniCenter®-driven devices, including Automated Dispensing Cabinets, Anesthesia Workstation, Central Pharmacy Manager software, and Controlled Substance Manager
- Locate a medication across the health system to avoid last minute, potentially expensive reorders
- View stockout rates across the health system and optimize issue to restock ratio
- Track current and previous actions for medication shortages
- Enhanced visibility with views into bin type, bin par level, and current inventory
- Act on safety settings in your automated dispensing cabinets based on ISMP guidelines and other Omnicell practice standards
- Scorecards track Medication Visibility, Pharmacy Metrics, Savings, and Purchasing, enabling pharmacy leaders to evaluate and improve operations
- Benchmarking enables health systems to compare their performance on stockouts and overrides against other similar health systems
- Custom pricing support for inventory items that do not have an associated price and allows for a custom price to be entered
- Visibility with medication dose reconciliation of all controlled substances
Workflow Example: Optimizing Cabinet Inventory
Recommendations to optimize inventory and reduce expired medications in Omnicell® XT Automated Dispensing Cabinets:
- Pharmacy administrator views opportunities indicated by Omnicell’s Inventory Optimization Service and chooses ones to act on
- For par level changes, min and max settings are applied to the XT cabinet electronically
- For soon-to-expire medications, the location to move the medication to is identified
- Workflow software enables specific tasks, such as medication removal, to be assigned to or selected by pharmacy technicians and tracked through completion
- Guided Discovery gives pharmacy administrators and DOPs the ability to self-discover opportunities
- A scorecard automatically captures and updates the savings achieved
Support
Omnicell is dedicated to providing maximum up-time and comprehensive product support. Please visit our Product Support page to learn more.
Schedule A Demo Today
Omnicell customers around the world are responding to industry challenges by initiating change management and digital transformation strategies. On day one, these organizations experience the benefits of their journey to the autonomous pharmacy.
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