Inventory Analytics

Improving the Management of Hospital Pharmaceuticals

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

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 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.

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