netpas (networked pharmacy automation system)
DESCRIPTION
NetPAS (Networked Pharmacy Automation System). CS410 Fall 09. Outline. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion. Medical Errors. Financial Toll - $3.5 billion/year Human Toll – 1.5 million people harmed/year - PowerPoint PPT PresentationTRANSCRIPT
CS410Fall 09
NetPAS(Networked Pharmacy Automation System)
• Current Problem• Market Area• Current Protocol• New Protocol• Competitors• Proposed Solution• Conclusion
Outline
Sep 21 2009 Tihomir Hristov 2
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
Sep 21 2009 Tihomir Hristov 3
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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