Improves Financial and Clinical Outcomes
3 Ways Predictive Analytics
Enhancing procurement and management processes
Leading analytics use cases now extend beyond visibility to drive action. Health systems are tapping into advanced capabilities to achieve these objectives:
Anticipate and procure essential medications, particularly those vulnerable to shortages
Proactively manage complex supply chains across multiple wholesalers and manufacturers
Optimize inventory decisions by balancing on-hand supply, expiration risk, demand variability and site-of-care needs
For example, analytics may help forecast shortage exposure for critical injectables, recommend alternative sourcing strategies in real time, or dynamically rebalance inventory across facilities to help reduce the risk of both stockouts and waste.
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Improving pharmacy operations that support patient care
Today’s pharmacy analytics support safe, timely patient care by identifying and removing friction from medication workflows.
By analyzing patterns in medication turnaround times, clinical intervention activity, formulary compliance and diversion risk, health systems can:
Pinpoint delays in order verification
Support more timely therapy delivery
Reinforce evidence-based medication use at the point of prescribing
Proactively detect anomalies that could compromise safety and increase costs
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Monitoring usage trends for issues and opportunities
Dashboards that pull from dispensing data, clinical documentation and financial records can help health systems identify and respond to supply trends as they emerge.
For example, when the analytics show an increase in the use of high-cost medications or variations in prescribing, they can shine a light on adjustments that may be needed to maintain therapeutic goals and safety while achieving cost savings or avoidance.
They can also play a valuable role in shortage mitigation, analyzing usage patterns and supply levels to prioritize and conserve scarce drugs or even proactively recommending alternative products.
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In McKesson’s Second Annual Health System Pharmacy Market Outlook Report, we explore recommendations to:
Partner with IT to enhance your health system’s data strategy
Leverage AI to achieve more and advance patient health
Empower a pharmacy workforce to practice at the “top of their license” with technology
