Analytics and hospital pharmacies: Building a successful program

Hospital pharmacies have their work cut out for them. They need to perform mission-critical responsibilities that enable both quality patient care and reliable operational continuity. 

There’s value to be found in the data related to hospital pharmacies, as well, but unlocking actionable analytics and insights from metrics reporting requires the right viewpoints and skill sets. Global medical technology company BD recently hosted a panel discussion inviting key pharmacy leaders and experts to talk about how analytics have impacted high-performing hospital pharmacy programs. 

“The financial performance of a hospital pharmacy department is a huge contributor to the overall bottom line of an organization,” said David Kvancz, MS, RPh, FASHP, senior vice president of Visante and the panel’s moderator. “In some cases it’s the equivalent of a mid- to large-sized company. It’s critical that we have the necessary data and analytics to move forward from a one-dimensional area” into something more expansive. 

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