Prominent Kentucky-based
health system transforms pharmacy logistics by centralizing
pharmacy distribution operations.
LOUISVILLE, K.Y., Oct. 4, 2023
/PRNewswire/ -- Tecsys Inc. (TSX: TCS), an industry-leading supply
chain management software company, today announced that
Kentucky-based health system
Baptist Health will transform its pharmacy supply chain operations
through the implementation of Tecsys' Elite™ software platform.
This project, which will establish a consolidated pharmacy
service center (CPSC), represents a significant milestone in
Baptist Health's ongoing pursuit of operational efficiency as it
invests in innovative strategies to forge a healthier Kentucky.
Baptist Health consists of nine hospitals, 2,700 licensed beds,
and more than 450 points of care, including outpatient facilities,
physician practices and services, urgent care clinics, and
outpatient diagnostic and surgery centers. In September 2022, the health system announced plans
to construct a 90,000-square-foot Central Pharmacy Service
Headquarters to streamline its growing pharmacy services across the
system's locations in Kentucky and
southern Indiana. To orchestrate
the sophisticated distribution operations for this centralized
pharmacy practice, Baptist Health will use the Tecsys' advanced
cloud-based Elite™ platform to consolidate and optimize logistics,
ultimately helping patients and their caregivers access medications
quickly and efficiently.
A CPSC can ensure a consistent supply of high-quality
medications at the lowest possible cost to patients while
minimizing the impact of drug shortages. This approach to pharmacy
distribution provides a centralized hub for mail orders, kits and
trays management, compounding and specialty pharmaceuticals. It can
also maintain an appropriate inventory of antidotes, disaster
medications, and other high-cost medications needed for patient
care so that the health system is operationally agile while also
reducing the inventory burden of each facility.
"Prioritizing patient care requires innovation, and our
cutting-edge consolidated pharmacy services center is a clear
example of our commitment to them," explained Nilesh Desai, chief pharmacy officer at Baptist
Health. "With Tecsys as our software partner, we're centralizing
procurement processes, optimizing pharmaceutical expenditure
management, and increasing efficiencies for our staff. This allows
our team to focus on strategic initiatives, ensuring timely and
affordable access to essential prescriptions. By adopting
best-in-class methodologies from consolidated service center supply
chain models, the software enables us to address drug shortages,
reduce inventory waste, and streamline our operations more
effectively."
Baptist Health's advanced pharmacy supply chain ecosystem equips
the organization to achieve several key objectives, including:
- Empowering pharmacists and enhancing patient
care. Baptist Health's CPSC frees pharmacists from manual
inventory management tasks, so they can dedicate more time to
patient care.
- Mitigating supply shortages. As drug shortages are
predicted to persist, Baptist Health's CPSC centralizes drug
inventory management, allowing for efficient allocation of products
across various care sites to minimize waste and expiry.
- Expanding storage space and bolstering
security. Centralizing operations enables strategic space
utilization, including climate-controlled environments for specific
drug types and secure storage areas for high-risk controlled
substances, which enhances the overall security of pharmacy supply
chain operations.
- Enhancing strategic procurement. By consolidating
demand planning and purchasing, Baptist Health will have the data
insights needed to undertake strategic and volume-based
initiatives, resulting in cost-effective pharmacy procurement.
- Ensuring regulatory compliance. The CPSC
centralizes oversight of regulatory requirements, which enables
them to safeguard patient safety and maintain compliance with
industry standards.
Valerie Bandy, senior director of
Pharmacy Solutions at Tecsys, commented on the collaboration,
adding, "Pharmacy logistics are, unfortunately, notoriously
inefficient. What Nilesh and the team at Baptist Health are doing
is truly transformative. They have adopted a patient-first approach
that harnesses supply chain innovation and applied it purposefully
to their pharmacy operations. As industry leaders in this space,
we're thrilled to serve as their software partner as they undertake
this initiative."
About Baptist Health
Founded in 1924 in Louisville,
Kentucky, Baptist Health is a full-spectrum health system
dedicated to improving the health of the communities it
serves. The Baptist Health family consists of nine hospitals
in Kentucky and southern
Indiana, employed and independent
physicians, and more than 450 points of care, including outpatient
facilities, physician practices and services, urgent care clinics,
outpatient diagnostic and surgery centers, home care, fitness
centers, and occupational medicine and physical therapy
clinics.
About Tecsys
Since our founding 40 years ago, much has changed in the realm
of supply chain technology. But one thing has remained constant; by
developing dynamic and innovative supply chain solutions, Tecsys
has been equipping organizations for growth and competitive
advantage. Serving healthcare, distribution and converging commerce
industries, and spanning multiple complex, regulated and
high-volume markets, Tecsys delivers warehouse management,
distribution and transportation management, supply management at
point of use, and retail order management, as well as complete
financial management and analytics solutions.
Tecsys' shares are listed on the Toronto Stock Exchange under
the ticker symbol TCS. For more information on Tecsys,
visit www.tecsys.com.
Copyright © Tecsys Inc. 2023. All names, trademarks, products,
and services mentioned are registered or unregistered trademarks of
their respective owners.
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SOURCE Tecsys Inc.
