CS410Fall 09

NetPAS(Networked Pharmacy Automation System)

• Current Problem• Market Area• Current Protocol• New Protocol• Competitors• Proposed Solution• Conclusion

Outline

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Medical Errors• Financial Toll - $3.5

billion/year

• Human Toll – 1.5 million people harmed/year

• Life Toll - 7,000 people dead/year

National Institute of Medicine

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Medical Error Distribution

Computer based medication error reporting: insights and implications

30%

24%

40%

6%

PrescribingMedication Dispens-ingAdministrationMAR

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• Definition[1]

• Cost[2]

• $840 million/year• 360,000 people harmed/year• 1700 people dead/year

Medication Dispensing Error

[1] National Coordinating Council for Medication Error Reporting and Prevention

[2] National Institute of Medicine

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• Retail Pharmacies • (CVS, Walgreens, etc.)

• Mass Production and Supply Pharmacies (Omnicare, PharMedia, etc.)

Customer – Pharmaceutical Industry

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Omnicare Inc.

Covenant Care

PharMedia Corp.

Industry TOTALS

Market Cap: 2.88B N/A 609.56M 2.90B 10+ BillionEmploy ees: 15,400 5,0001 4,500 57.68K 100,000 +Qtrly Rev Growth (yoy):

10.20% N/A -5.30% 13.40% 6.1%

Revenue: 6.34B 340.90M 1.89B 26.21B 35+ Billion

Net Income: 169.30M N/A 16.20M N/A 200+ Million

Market Area

Omnicare Inc. Competitors

as of 2008

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Current System

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Proposed System

Image Credit - University Medical Center

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• Minimal Medicine Dispensing Errors

• Minimal Human Error• Satisfied Customers

• Reduced Expenses• $4,000,000 in salaries/year/facility

Customer Benefits

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• $2.5 billion in 2008

Competition

• Pyxis Corporation

• McKesson Automation

• ScriptPro LLC

• Omnicell Inc.

• AutoMed Technologies

Computer based medication error reporting: insights and implications

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• Auto Packaging• Auto Labeling• Dosage Control

• Barcode Readers• Internal Database• Reporting Systems

• Problem – Expensive Updates

Current Technology Implemented

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• Networking• Wired/ Wireless

• Database Synchronization• Available Databases

• Easy Updates

Proposed Solution

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Feasibility• Technology Availability

• Hardware• Database Systems, Network Libraries

• Available Resources• RTOS, Embedded System

• Time and Scope

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• Advantages Updates Utilization Uniformity Human Lives

• Disadvantages Database - SPF

Pros and Cons

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• Problem Still Existent• Multi Billion $ Market• Easy to Implement• Human Lives Saved

Conclusion

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• http://norfolk.injuryboard.com/medical-malpractice/wrong-drug-wrong-dosage-medication-errors-in-hospitals-can-kill.aspx?googleid=269872. InjuryBoard.com. John Cooper

• http://www8.nationalacademies.org/onpinews/newsitem.aspx?RecordID=11623 The National Academies. National Institute of Medicine. Christine Stencel and Chris Dobbins

• http://www.pubmedcentral.nih.gov/articlerender.fcgi?artid=2464844 Computer based medication error reporting: insights and implications. M R Miller, J S Clark, and C U Lehmann. PubmedCentral

• http://finance.yahoo.com/q/co?s=ocr. Yahoo Finance• http://www.bccresearch.com/report/PHM036A.html BCC Research. Melissa Elder• http://www.nccmerp.org/aboutMedErrors.html National Coordinating Council for

Medication Error Reporting and Prevention• http://dateldirect.com/html/Science/Medication-Error---an-Abuse-for-Patients

.html DatelDirect. Medcation Erro: an Abuse for Patients. Kamal Shah, Nagendra Singh, Jiteendra Ku. Gupta and Pradeep Mishra

References

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Questions ??????

Q & A

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