Bluesight Diversion Traits Report Reveals $38 Million Loss in Drug Waste –

Bluesight Diversion Traits Report Reveals $38 Million Loss in Drug Waste –

What it’s worthwhile to know:

– Bluesight, a supplier of treatment intelligence options, has launched its Distraction Traits Report 2024which offers invaluable insights for healthcare suppliers to enhance drug monitoring and affected person security.

– The report reveals progress within the well being care business’s combat in opposition to managed substance diversion. Nonetheless, the info additionally highlights areas for continued enchancment, significantly in waste administration and medicine documentation.

The report analyzes knowledge from January 2022 via December 2023, protecting greater than 127 million managed substance transactions throughout 794 U.S. hospitals and well being methods. The info reveals constructive tendencies within the effectivity of diversion detection and investigation:

  • Quicker examinations: Diversion investigations are accomplished a mean of 37 days earlier, indicating improved workflows and sooner proof assortment.
  • Diminished discrepancies: Discrepancies in narcotic orders, administration, waste, and returns have decreased by almost 24% since 2022, permitting hospitals to extra successfully prioritize diversion detection.

The principle conclusions from the report are:

  • Waste administration: Greater than 16 million packages of managed substances have been wasted, accounting for roughly $38 million in misplaced prices. As well as, Fentanyl, a strong opioid, accounted for almost 1 / 4 of the wasted packages.
  • Documentation errors: Half of the transaction discrepancies have been brought on by incorrect documentation, underscoring the significance of correct affected person, drug and dosage info to reduce discrepancies.
  • Excessive danger areas: The report reveals that nursing (77.7%), anesthesiology (11.8%) and pharmacy (5%) are the departments the place discrepancies happen most ceaselessly.
  • Most typical discrepant drugs: Fentanyl (24%), Midazolam (15%), and Hydromorphone (10%) are the medicine mostly related to abnormalities.

“The problem of treatment diversion is a matter for all healthcare organizations, and requires a mixture of constant monitoring supported by know-how and instruments to assist our healthcare professionals do their jobs successfully. This report is a constructive reminder of the impression new methods can have in addressing this problem, however there’s nonetheless extra work to be performed on this space,” mentioned Kevin MacDonald, CEO and co-founder of Bluesight. “By leveraging superior knowledge integration and complete monitoring know-how like ControlCheck, we’re setting new requirements. With our dedication to steady innovation and improved affected person security, we assist greater than 850 hospitals within the vital mission to enhance compliance, cut back prices, and observe high-risk drugs and people.”

Methodology Report

The report makes use of knowledge from Bluesight’s ControlCheck product, which analyzes managed substance transactions throughout a rising community of hospitals. The numerous enhance in collaborating hospitals (from 354 to 794) contributes to the general enhance in variances, investigations, and confirmed diversion circumstances.

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