Quantifi users documented more than $77 million in value in fourth quarter 2007
Bellevue, Wash. -- Pharmacy OneSource, Inc., application service provider to more than 1,000 hospitals in the United States, announced today that its Quantifi clinical documentation program continues to be successful in helping clients show cost savings, establish benchmarks and trend clinical and quality pharmacy activities. Pharmacy OneSource has 25,653 users currently documenting in Quantifi who have recorded more than $77 million in cost savings in the fourth quarter of 2007.
"Quantifi helped The Valley Hospital achieve 55,535 interventions which produced $3.5 million dollars of cost savings in one year!" said Carlo Lupano, Pharmacy Manager at The Valley Hospital.
Quantifi users documented 1,509,714 interventions last quarter, which were associated with $6,641,698 actual dollar and $71,061,877 in risk avoidance savings by pharmacists through intervention. Real reduction in supply costs (such as a switch from atorvastatin to simvistatin) is an example of actual dollar savings; where avoided potential costs (an adverse drug event or an extended length of stay) represent risk avoidance savings.
"Using Quantifi, pharmacists were able to document clinical interventions and activities that saved our system more than $2.2 million over a three-year period," said Rob Adamson, Corporate Clinical Pharmacy Director at Saint Barnabas Health Care System.
Here are the Top Five Drugs associated with a documented intervention recorded in Quantifi last quarter, and the total number of reports for each:
1. Vancomycin 57922
2. Warfarin 27116
3. Enoxaparin 25191
4. Levofloxacin 24083
5. Piperacillin and Tazobactam Sodium 13945
With more than 700 hospitals across the world using Quantifi, and more than 10 million clinical interventions, adverse events and adverse drug reactions documented, Pharmacy OneSource understands the potential to increase the credibility of pharmacy numbers in the eyes of the hospital administrators.
Quantifi allows pharmacists to document their clinical interventions, adverse events and adverse drug reactions quickly over the internet or on a handheld computer through a series of menus, drop-lists, and input screens, collecting crucial event data easily. In addition, Quantifi users have the ability to follow-up on their reports or the reports done by their peers. Quantifi Administrators easily generate executive level reports and detailed managerial reports to support clinical and quality improvement activities.
To get a free report, Pharmacy Clinical Interventions Update, with the Top 10 drugs associated with interventions, adverse drug events and medication errors, please submit your contact info at: http://vovici.com/wsb.dll/s/ed15g2aaea
About Pharmacy OneSource (www.pharmacyonesource.com)
Pharmacy OneSource is pharmacy's #1 documentation and formulary Software-as-a-Service (SaaS) provider. Our nearly 50 innovative team members provide best-in-class, SaaS solutions to current and future challenges within health-system pharmacy worldwide. Our SaaS solutions contribute to high performance pharmacy through better outcomes, lower costs and system-wide results. More than 1,000 healthcare organizations worldwide utilize our HIPAA compliant web-based services: Accupedia, Amplifi, Quantifi, ScheduleRx, Sentri7, Simplifi 797, and UnitStock.
For more information:Editor's DetailsMaeghan Killeenpr@pharmacyonesource.com
Last updated on: 27/08/2010 11:40:18