Effectively Improving the Management of Hospital Pharmaceuticals

Inventory Analytics

Improving the Management of Hospital Pharmaceuticals

Pharmaceutical Management

The Need for Change

Why has an entire industry been established for the processing of expired pharmaceuticals and yet no corresponding effort for eliminating their expiry

Cost Control Solutions offers an Inventory Analytics Service that will identify purchase quantities that are commensurate with a product’s dispensing history . . . eliminating its expiry

The Adverse Effects of Expired Pharmaceuticals

An inventory loss of 40 to 60% as a substantial quantity of product returns will not qualify for manufacturer credits, a significant and reoccurring loss
Destruction through incineration of a composite of their chemicals, plastics and glasses are harmful to the environment
The exposure of expired opiates to diversion within a hospital and their processing by a poorly regulated pharmaceutical reverse distributor industry

Hospital pharmaceuticals should be managed as an asset with the intent of protecting their value!

Opioid Diversion

The Inventory Analytics performed by Cost Control Solutions will greatly reduce a hospital’s expired opioids and their potential diversion

Changes to DEA regulations eliminates any semblance of competent oversight for the processing and destruction of opioids by Pharmaceutical Reverse Distributors. After processing, the destruction process includes only the following

The completion a DEA Form 41, documenting the controlled substances intended for destruction,
Retaining the Form 41 in a file for a period of 2 years, providing it to the DEA only if requested,
Having 2 company employees witness the destruction, no law enforcement representative needed as a witness as previously required.

The transport and witness destruction of a trailer load of expired pharmaceuticals including a substantial quantity of opioids by only two reverse distributor employees

What Could Possibly Go Wrong?

The Environment and Expired Pharmaceuticals

There is an estimated $12 billion of expired pharmaceuticals produced annually by the healthcare industry, a substantial quantity generated by hospitals

The Inventory Analytics performed by Cost Control Solutions will greatly reduce the expiry of a hospital’s pharmaceuticals and the negative impact on the environment . . . a welcome benefit to the environment

Consider the number of diesel powered trucks required to transport $12 billion of expired pharmaceuticals for incineration. The EPA states, “Emissions from diesel engines contribute to the production of ground-level ozone which damages crops, trees and other vegetation. Also produced is acid rain, which affects soil, lakes and streams and enters the human food chain via water, produce, meat and fish.

Recommended Companies

The following companies offer products and services to the healthcare industry

Let's Chat

Inventory Analytics

Improving the Management of Hospital Pharmaceuticals

Pharmaceutical Management

The Need for Change

Why has an entire industry been established for the processing of expired pharmaceuticals and yet no corresponding effort for eliminating their expiry

Cost Control Solutions offers an Inventory Analytics Service that will identify purchase quantities that are commensurate with a product’s dispensing history . . . eliminating its expiry

The Adverse Effects of Expired Pharmaceuticals

Hospital pharmaceuticals should be managed as an asset with the intent of protecting their value!

Opioid Diversion

The Inventory Analytics performed by Cost Control Solutions will greatly reduce a hospital’s expired opioids and their potential diversion

Changes to DEA regulations eliminates any semblance of competent oversight for the processing and destruction of opioids by Pharmaceutical Reverse Distributors. After processing, the destruction process includes only the following

The transport and witness destruction of a trailer load of expired pharmaceuticals including a substantial quantity of opioids by only two reverse distributor employees

What Could Possibly Go Wrong?

The Environment and Expired Pharmaceuticals

There is an estimated $12 billion of expired pharmaceuticals produced annually by the healthcare industry, a substantial quantity generated by hospitals

Recommended Companies

The following companies offer products and services to the healthcare industry

SEO America

Pharmwaste Technologies

Diverse Healthcare Solutions

Let's Chat

The management team of Cost Control Solutions (CCS) assists their clients in the management of their facility’s pharmaceuticals from purchase to the conclusion of a product’s life cycle.

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