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Medication Inventory Management 2018

Medication Inventory Management 2018
How Well Are Vendors Positioned to Close the Gaps?

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Enterprise Medication Inventory Management (EMIM) continues to be a challenge for providers as they attempt to aggregate data from disparate systems to provide actionable intelligence for efficient medication inventory management. This report will highlight the relative strengths and weaknesses of medication inventory management solutions. Including how broadly they are deployed within healthcare organizations, with what solutions they are successfully interfaced, and their relative strengths on driving optimal workflows and providing actionable intelligence.

Perpetual medication inventory management, at its most basic level, entails a software and analytics platform that helps track the storage, processing, replenishment, and control of medication inventory across an organization. Today medication inventory is being managed across various levels of complexity, though hospital pharmacies have yet to achieve the same level of efficiency as their well-oiled counterparts in other industries like retail. Most organizations are relying on their traditional pharmacy automation vendors to help reduce waste and excess inventory without compromising patient safety. KLAS conducted this research, the first in a series, in an effort to identify the market leaders for the various aspects of inventory management today, including inventory tracking, workflow, third-party integration, and actionable reporting.

Key Topics

  1. Industry Context: Common Inventory Management Approaches
  2. Omnicell and BD Strongest for Inventory Tracking, Swisslog Healthcare for Third-Party Integrations
  3. BD and Swisslog Healthcare Strong for Central Pharmacy Workflows
  4. Actionable Reporting: Future Platforms Bring Promise of Improved Analytics
  5. BD and Omnicell Relationships Driving Confidence; ARxIUM and Swisslog Healthcare Customers Uncertain

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This material is copyrighted. Any organization gaining unauthorized access to this report will be liable to compensate KLAS for the full retail price. Please see the KLAS DATA USE POLICY for information regarding use of this report. © 2020 KLAS Research, LLC. All Rights Reserved. NOTE: Performance scores may change significantly when including newly interviewed provider organizations, especially when added to a smaller sample size like in emerging markets with a small number of live clients. The findings presented are not meant to be conclusive data for an entire client base.