CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed...

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CS410 Fall 09 NetPAS (Networked Pharmacy Automation System)
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Transcript of CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed...

Page 1: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

CS410Fall 09

NetPAS(Networked Pharmacy Automation System)

Page 2: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

• Current Problem• Market Area• Current Protocol• New Protocol• Competitors• Proposed Solution• Conclusion

Outline

Sep 21 2009 Tihomir Hristov 2

Page 3: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

Medical Errors

• Financial Toll - $3.5 billion/year

• Human Toll – 1.5 million people harmed/year

• Life Toll - 7,000 people dead/year

National Institute of Medicine

Sep 21 2009 Tihomir Hristov 3

Page 4: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

Medical Error Distribution

Computer based medication error reporting: insights and implications

30%

24%

40%

6%

PrescribingMedication Dispens-ingAdministrationMAR

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Page 5: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

• Definition[1]

• Cost[2]

• $840 million/year• 360,000 people harmed/year• 1700 people dead/year

Medication Dispensing Error

[1] National Coordinating Council for Medication Error Reporting and Prevention

[2] National Institute of Medicine

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Page 6: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

• Retail Pharmacies • (CVS, Walgreens, etc.)

• Mass Production and Supply Pharmacies (Omnicare, PharMedia, etc.)

Customer – Pharmaceutical Industry

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Page 7: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

Omnicare Inc.

Covenant Care

PharMedia Corp.

Industry TOTALS

Market Cap: 2.88B N/A 609.56M 2.90B 10+ Billion

Employ ees: 15,400 5,0001 4,500 57.68K 100,000 +

Qtrly Rev Growth (yoy):

10.20% N/A -5.30% 13.40% 6.1%

Revenue: 6.34B 340.90M 1.89B 26.21B 35+ Billion

Net Income: 169.30M N/A 16.20M N/A 200+ Million

Market Area

Omnicare Inc. Competitors

as of 2008

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Page 8: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

Current System

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Page 9: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

Proposed System

Image Credit - University Medical Center

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Page 10: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

• Minimal Medicine Dispensing Errors

• Minimal Human Error

• Satisfied Customers

• Reduced Expenses• $4,000,000 in salaries/year/facility

Customer Benefits

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Page 11: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

• $2.5 billion in 2008

Competition

• Pyxis Corporation

• McKesson Automation

• ScriptPro LLC

• Omnicell Inc.

• AutoMed Technologies

Computer based medication error reporting: insights and implications

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Page 12: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

• Auto Packaging• Auto Labeling• Dosage Control

• Barcode Readers• Internal Database• Reporting Systems

• Problem – Expensive Updates

Current Technology Implemented

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Page 13: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

• Networking• Wired/ Wireless

• Database Synchronization• Available Databases

• Easy Updates

Proposed Solution

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Page 14: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

Feasibility• Technology Availability

• Hardware• Database Systems, Network Libraries

• Available Resources• RTOS, Embedded System

• Time and Scope

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Page 15: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

• Advantages Updates Utilization Uniformity Human Lives

• Disadvantages Database - SPF

Pros and Cons

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Page 16: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

• Problem Still Existent• Multi Billion $ Market• Easy to Implement• Human Lives Saved

Conclusion

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Page 17: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

• http://norfolk.injuryboard.com/medical-malpractice/wrong-drug-wrong-dosage-medication-errors-in-hospitals-can-kill.aspx?googleid=269872. InjuryBoard.com. John Cooper

• http://www8.nationalacademies.org/onpinews/newsitem.aspx?RecordID=11623 The National Academies. National Institute of Medicine. Christine Stencel and Chris Dobbins

• http://www.pubmedcentral.nih.gov/articlerender.fcgi?artid=2464844

Computer based medication error reporting: insights and implications. M R Miller, J S Clark, and C U Lehmann. PubmedCentral

• http://finance.yahoo.com/q/co?s=ocr. Yahoo Finance• http://www.bccresearch.com/report/PHM036A.html BCC Research. Melissa Elder• http://www.nccmerp.org/aboutMedErrors.html National Coordinating Council for

Medication Error Reporting and Prevention• http://dateldirect.com/html/Science/Medication-Error---an-Abuse-for-Patients

.html DatelDirect. Medcation Erro: an Abuse for Patients. Kamal Shah, Nagendra Singh, Jiteendra Ku. Gupta and Pradeep Mishra

References

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Page 18: CS410 Fall 09. Current Problem Market Area Current Protocol New Protocol Competitors Proposed Solution Conclusion Sep 21 2009 Tihomir Hristov 2.

Questions ??????

Q & A

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