How Data Insights Can Revolutionize Medication Management and Consistently Boost ROI

In major hospitals, pharmacy costs can run hundreds of millions of dollars annually. That’s one of the reasons effective medication inventory management is so critical. Technology that allows health systems to identify major pharmacy trends, including medication waste or operational inefficiencies, can significantly impact a hospital’s bottom line. 

This is where IntelliGuard’s RFID-enabled cloud analytics come into play. Designed specifically for health systems, IntelliGuard’s solutions provide end-to-end supply chain visibility that spans past, present, and future medication use. That includes trends in fulfillment, current periodic automatic replenishment levels, and expiration timelines. IntelliGuard’s data analytics platform even includes forward-looking predictive analytics to guide upcoming medication orders, helping pharmacists find the sweet spot between stockouts and over-ordering. Combined, these automated features help health systems optimize and strengthen their multi-million-dollar medication ecosystem.