Events Calendar

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Forbes Healthcare Summit
2014-12-03    
All Day
Forbes Healthcare Summit: Smart Data Transforming Lives How big will the data get? This year we may collect more data about the human body than [...]
Customer Analytics & Engagement in Health Insurance
2014-12-04 - 2014-12-05    
All Day
Using Data Analytics, Product Experience & Innovation to Build a Profitable Customer-Centric Strategy Takeaway business ROI: Drive business value with customer analytics: learn what every business [...]
mHealth Summit
DECEMBER 7-11, 2014 The mHealth Summit, the largest event of its kind, convenes a diverse international delegation to explore the limits of mobile and connected [...]
The 26th Annual IHI National Forum
Overview ​2014 marks the 26th anniversary of an event that has shaped the course of health care quality in profound, enduring ways — the Annual [...]
Why A Risk Assessment is NOT Enough
2014-12-09    
2:00 pm - 3:30 pm
A common misconception is that  “A risk assessment makes me HIPAA compliant” Sadly this thought can cost your practice more than taking no action at [...]
iHT2 Health IT Summit
2014-12-10 - 2014-12-11    
All Day
Each year, the Institute hosts a series of events & programs which promote improvements in the quality, safety, and efficiency of health care through information technology [...]
Design a premium health insurance plan that engages customers, retains subscribers and understands behaviors
2014-12-16    
11:30 am - 12:30 pm
Wed, Dec 17, 2014 1:00 AM - 2:00 AM IST Join our webinar with John Mills - UPMC, Tim Gilchrist - Columbia University HITLAP, and [...]
Events on 2014-12-03
Forbes Healthcare Summit
3 Dec 14
New York City
Events on 2014-12-04
Events on 2014-12-07
mHealth Summit
7 Dec 14
Washington
Events on 2014-12-09
Events on 2014-12-10
iHT2 Health IT Summit
10 Dec 14
Houston
Latest News

Drug shortage management strategies are needed during COVID-19 pandemic

smart thinking oxford GE to use AI against covid 19

The rapidly escalating demand for medications due to COVID-19 is placing increased pressure on hospitals and health systems to appropriately manage drug inventory to support patient care. Essential medications used to alleviate breathing difficulties, relieve pain and sedate coronavirus patients are in short supply. Because of this, healthcare organizations need inventory and shortage management strategies to weather the storm.

Perry Flowers, vice president of medical affairs, enterprise medication management at BP, said during a HIMSS20 digital presentation that drug supply needs are changing quickly as society becomes overwhelmed by high acuity patients. Swabs, IV lines and drugs can be depleted very quickly, so hospitals should be keeping a tight list of those critical supplies.

Historically acceptable levels — or “par” levels — simply won’t be enough to meet the surge in demand, which can be four or five times the norm for certain drugs, Flowers said. That makes it critical for hospitals to leverage regulatory allowances to maximize the drug supplies that are on hand. Beyond-use dating considerations, centralizing sterile compounding and distribution activities, and flexibility allowed by the FDA should all be on the table.

“Essential” medication during the coronavirus means not just medications for direct treatment of the disease, but those drugs for supportive care, such as oral care for ventilator patients. “Items as first-line therapy will be in short supply,” Flowers said. “Those first-line therapies will be exhausted, so going to the (pharmacy and therapeutics) committee with substitutable items will need to be reviewed.”

Direct inventory is decreasing while patients are undergoing therapy for coronavirus, and so an essential task for all caregivers, said Flowers, is recognizing and calculating the current supply burden and when it will be drained. This assessment should be done daily, if not more often,, since forecasting demand can paint a picture of an organization’s ability to purchase second-, third- or even fourth-line agents.

Doina Dumitri, senior director, medical affairs, enterprise medication management at BD, said the role of data analytics is made more critical as drug shortages put more pressure on healthcare organizations.

“Analytics becomes essential for survival during this process,” said Dumitri. “You should track the drug inventory level, but speed of acquisition is also important. Partnering with vendors to automate parts of the process can impact how quickly alternative drugs can be imported for a shorted drug.”

Automating analytics functions allows for rapid par level adjustments, which in turn can ensure a hospital doesn’t stock out of critical drugs, she said. Eventually, many drugs on the short list will require substitutions, and anticipating when that will happen is a key goal in the use of any analytics tool.

With these strategies in place, a good rule of thumb is to prepare at least two alternatives to every critical drug and establish a process for switching back and forth — which is necessary due to the erratic fluctuation of COVID-19-related drug utilization and medication availability.

Hospitals in hot spots see between a 150 and 600% increase in demand for drugs like Propofil, Fentanyl, Hydromorphone, Midazolam and neuromuscular blockers, according to BD’s internal data. For such hospitals, relevant resources include the American Society of Health-System Pharmacists, the Institute for Safe Medicine practice, and group purchasing organizations such as Vizient, Premier and HealthTrust, said Dumitri. “Our patients depend on our care systems to survive this disease,” she said. “Preserving the integrity of these systems is our key goal here.”

Source: https://www.healthcarefinancenews.com/node/140057