cs410 fall 09. current problem market area current protocol new protocol competitors proposed...
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![Page 1: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2](https://reader030.vdocument.in/reader030/viewer/2022032800/56649d2e5503460f94a05593/html5/thumbnails/1.jpg)
CS410Fall 09
NetPAS(Networked Pharmacy Automation System)
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• 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+ Billion
Employ 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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