Parkview Health Revolutionizes Approach to Pharmacy Supply Chain Integration
with Tecsys’ Pharmacy Inventory Management System (PIMS) and Healthcare Supply Chain Management, built on Tecsys Elite™
The challenge
Like most health systems, Parkview Health’s pharmacy resided on its own island with only rudimentary inventory management capabilities through its enterprise resource planning (ERP) system.
Lack of visibility and control resulted in frequent overordering, excess inventory and returns, potential overpayments to wholesalers and suppliers, and a massive amount of nonvalue-added work for the Pharmacy team.
But Parkview Health achieved what many feel is impossible — collaboration between a health system’s pharmacy and broader healthcare product supply chain to deploy a single, end-to-end, electronic and automated solution for both Pharmacy and Med/Surg product management.
Another Parkview Story: Turning Over $17 Million of Annual Expenses into Revenue
Parkview was using an MMIS for purchasing and inventory control. The MMIS had major capability gaps in providing proper inventory management, demand forecasting, system-directed functionality for warehouse operations and, most importantly, it had no capability to provide visibility for the hospital’s inventories across the IDN.
Tecsys will enable Parkview to capture patient chargeable items and reduce cost. The potential gross revenue for expensed items per year could exceed $17 million. In the past many of these items were simply not captured and shared with the finance area. With Tecsys’ Elite™ Healthcare solutions we will turn these expenses into revenue.
— Donna Van Vlerah, SVP Supply & Support Services, Parkview Health
