Reduce Stock of On-Hand Meds and Save
- Assessing on-hand pharmaceutical supplies for need
- Working with providers to reduce cost and amount of needed drugs
- Reducing number of on-hand meds
What can your team do to order and use supplies wisely? What else could your team do to help keep KP affordable for members and patients?
Since you won't really miss what you don't really need, it makes sense to take take a look at inventory and cut back. And that's what a Vision Essentials team did when members discovered they had a standing order of five jars of a special cream in stock. At $122 a pop, that was a lot of money spent on something they rarely used. The UBT then worked with the providers to reduce the cost and amount of pharmaceuticals they purchased. In a year, they reduced their stock of on-hand meds by 69 percent.
Having a bountiful supply shelf looks great but could be wasteful. Learn how to assess what you need and reduce to what is necessary.
An oversupply of on-hand medications can be wasteful.
reduction in on-hand pharmaceuticals costs