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Impact of Trained vs. Non-Trained Pharmacy Purchasing Professionals on Pharmacy Finances
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Impact of Trained vs. Non-Trained Pharmacy Purchasing Professionals on Pharmacy Finances
Impact of Trained vs. Non-Trained Pharmacy Purchasing Professionals on Pharmacy Finances
Richard Ponder, MBA, CPhT, CPP, CEPP, CMRPPharmacy Supply Chain SupervisorEast Jefferson General Hospital, Metairie, LA
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1Introduction
Current Survey
Training
Resources
AgendaAgenda
214th Annual NPPA Conference
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Current EnvironmentCurrent Environment
• Pharmacy cost continue to exceed inflation and continue to exceed the rate of increase for total healthcare expenditures.
• Healthcare reform will drive more supply chain cost cutting. Labor vs. Supplies
• Pharmaceutical supply chain executives are looking to maximize their operations in the face of changing legislation, expanding scope and mounting pressure on cost control.
• Most hospitals emphasize education for their clinicians; however, many Pharmacy Purchasing Professional do not receive any formal training.
• Materials Management/Supply Chain Management Department and Pharmacy address increasing pharmaceutical cost.
• GS1 and GLN
314th Annual NPPA Conference
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Healthcare Supply ChainHealthcare Supply Chain
“Despite well-documented evidence of significant competitive advantage and cost reduction resulting from supply chain management practices, the healthcare industry has been extremely slow to embrace these practices. Barriers include… and limited education on supply chain.”
414th Annual NPPA Conference
Source: Journal of Supply Chain Management, February 2005
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Purchasing Impact to the Bottom LinePurchasing Impact to the Bottom Line
• Example: Average, private sector, not-for-profit hospital with margins <1%
• Objective: Improve bottom line by $500K
• Options:– Reduce supply chain expense by $500K– Increase revenue by $50 million
514th Annual NPPA Conference
Source: HFM Magazine, 2008
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SurveySurvey
• Overview– Participants and Methodology
• Who is the Pharmacy Purchasing Professional?– Demographics
• Training• Supply Chain Management• Operations• Finances
614th Annual NPPA Conference
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Demographics - AgeDemographics - Age
714th Annual NPPA Conference
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Demographics - GenderDemographics - Gender
814th Annual NPPA Conference
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Demographics - EducationDemographics - Education
914th Annual NPPA Conference
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Demographics - LicensedDemographics - Licensed
1014th Annual NPPA Conference
*Consultants, Non-Licensed Technician, Non-Pharmacy Staff
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Training - CertificationTraining - Certification
1114th Annual NPPA Conference
*Master in Pharmacy Administration
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Training - FormalTraining - Formal
1214th Annual NPPA Conference
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Experience – Position Held Immediately Before Becoming A Pharmacy Purchasing ProfessionalExperience – Position Held Immediately Before Becoming A Pharmacy Purchasing Professional
1314th Annual NPPA Conference
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Experience – Years Before Becoming A Pharmacy Purchasing ProfessionalExperience – Years Before Becoming A Pharmacy Purchasing Professional
1414th Annual NPPA Conference
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Experience – Years As A Pharmacy Purchasing ProfessionalExperience – Years As A Pharmacy Purchasing Professional
1514th Annual NPPA Conference
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Facility - SizeFacility - Size
1614th Annual NPPA Conference
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Facility - TypeFacility - Type
1714th Annual NPPA Conference
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Supply Chain Management - WholesalerSupply Chain Management - Wholesaler
1814th Annual NPPA Conference
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Supply Chain Management - GPOSupply Chain Management - GPO
1914th Annual NPPA Conference
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Supply Chain Management – Inventory ReplenishmentSupply Chain Management – Inventory Replenishment
2014th Annual NPPA Conference
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Supply Chain Management – Inventory Buffer/Safety StockSupply Chain Management – Inventory Buffer/Safety Stock
2114th Annual NPPA Conference
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Supply Chain Management – Inventory Reorder Points and QuantitiesSupply Chain Management – Inventory Reorder Points and Quantities
2214th Annual NPPA Conference
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Supply Chain Management – Inventory ConsignmentSupply Chain Management – Inventory Consignment
2314th Annual NPPA Conference
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Supply Chain Management – Technology Automated Low United of MeasureSupply Chain Management – Technology Automated Low United of Measure
2414th Annual NPPA Conference
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Supply Chain Management – Technology CarouselSupply Chain Management – Technology Carousel
2514th Annual NPPA Conference
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Operations - Routinely Meeting with the Pharmacy Director to Review Purchasing Operations - Routinely Meeting with the Pharmacy Director to Review Purchasing
2614th Annual NPPA Conference
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Operations – Routinely Attend and Participate in Manager MeetingsOperations – Routinely Attend and Participate in Manager Meetings
2714th Annual NPPA Conference
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Operations – Routinely Report-Out at Department MeetingsOperations – Routinely Report-Out at Department Meetings
2814th Annual NPPA Conference
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Operations – Attend Management Operational Review or Similar MeetingsOperations – Attend Management Operational Review or Similar Meetings
2914th Annual NPPA Conference
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Operations – Dual ReportOperations – Dual Report
3014th Annual NPPA Conference
*Pharmacy Manager - Operational and Clinical, System Coordinator, Business Operations Manager, Sr. Accountant, COO, SCM
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Supply Chain Management OrganizationSupply Chain Management Organization
3114th Annual NPPA Conference
Contract Management
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Pharmacy Supply Chain Management Model 1 – Traditional ReportPharmacy Supply Chain Management Model 1 – Traditional Report
3214th Annual NPPA Conference
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Pharmacy Supply Chain Management Model 2 – Direct ReportPharmacy Supply Chain Management Model 2 – Direct Report
3314th Annual NPPA Conference
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Pharmacy Supply Chain Management Model 3 – Dual ReportPharmacy Supply Chain Management Model 3 – Dual Report
3414th Annual NPPA Conference
Director of Supply Chain
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Supply Chain Management – Reports TypeSupply Chain Management – Reports Type
3514th Annual NPPA Conference
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Sample Pharmacy Purchasing ReportSample Pharmacy Purchasing Report
• Dashboard– Compliance, Penetration, Coverage
• Contracts– $ Increased or decreased – XX contracts changed in XX period with XX change
in XX period
• Spend Analysis– Top Therapeutic Categories– Unbudgeted Drug Expense
• Factor
• Expense – Reduction Efforts– IV to Po: xx savings– Projects
3614th Annual NPPA Conference
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Supply Chain Management – Report BenchmarkingSupply Chain Management – Report Benchmarking
3714th Annual NPPA Conference
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Finance - FTEsFinance - FTEs
3814th Annual NPPA Conference
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Finances – Contract Compliance RateFinances – Contract Compliance Rate
3914th Annual NPPA Conference
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Finances – Variance in Inventory Value from Previous Year Finances – Variance in Inventory Value from Previous Year
4014th Annual NPPA Conference
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Finances – Factors Considered When Calculating The Switch Between Two Equal Products Finances – Factors Considered When Calculating The Switch Between Two Equal Products
4114th Annual NPPA Conference
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Finances – Inventory is PerformedFinances – Inventory is Performed
4214th Annual NPPA Conference
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Finances – Inventory Turn RateFinances – Inventory Turn Rate
• Mean – 12.426• Median – 12• Mode – 11• Standard Deviation – 4.165• Minimum – 5• Maximum – 21
4314th Annual NPPA Conference
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From Non-Trained to TrainedFrom Non-Trained to Trained
• Find a Mentor
• Network
• Educate Yourself
• Make an Impact and Promote the Results
• Know Your Skill Set
4414th Annual NPPA Conference
Source: Materials Management in Health Care, 2009
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Training – Purchasing Assessment of Skills for Success (PASS)Training – Purchasing Assessment of Skills for Success (PASS)
• The PASS program measures purchasing professional’s proficiency in seven key skill dimensions:– Purchasing Fundamentals– Analysis & Spreadsheets– Contract Law– Project Management– Purchasing Best Practices– Sourcing– Negotiation*Next Level Purchasing Benchmarking Program; 475 purchasing
professionals from 46 companies
4514th Annual NPPA Conference
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Training – Skills and KnowledgeTraining – Skills and Knowledge
The Center for Advance Procurement and Supply (CAPS) Research of Arizona State University summarized the top skills and knowledge area required for tomorrow.– Skills
• Ethics, interpersonal communication, negotiation skills, project and team orientations, and strategic thinking.
– Knowledge• Supplier relationship management, total cost
analysis, purchasing strategies and plans, and supplier analysis.
4614th Annual NPPA Conference
Source: 92nd Annual ISM Conference, May 2007
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Training – APICS – The Association for Operation Management: Supply Chain Competency ModelTraining – APICS – The Association for Operation Management: Supply Chain Competency Model
• Foundational – Personal Effectiveness– Academic – Workplace and Leadership
• Profession-Related– Operations Management Technical – Supply Chain Manager Knowledge Areas– Supply Chain Manager Technical
• Occupation-Related– Supply Chain Manager Specific Requirments
4714th Annual NPPA Conference
Source: APICS Future Leaders, 2009
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Training – Pharmacy “Black Hole”Training – Pharmacy “Black Hole”
• Failure to Supply• Expired Products• Recalls• Borrowing and Loans• Shortages – Secondary Market• Freight• X%net15 – Payment Terms• Waste• Reimbursement• Shrinkage
4814th Annual NPPA Conference
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Resources – Industry ToolsResources – Industry Tools
• GPO– Broadlane
• Broadlane University• Medication Use Management
– Premier• 2010 Breakthroughs Conference & Exhibitions
• Manufacture– Baxter
• Pharmacy Advisor– Cubist
• Economics in Infection Management/LOS• Access Manager
4914th Annual NPPA Conference
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Resources – Industry ToolsResources – Industry Tools
• Wholesaler– Cardinal
• Inventory Management Best Practices Reference Guide, Version 1, 2008
• Case Studies– McKesson
• Healthcare Supply Chain Management And The Internet
• Operationalizing The Event-Driven Supply Chain• Supply Management Online• Pharmacy Optimization Consulting
5014th Annual NPPA Conference
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Resources – Suggested ReadingsResources – Suggested Readings
• ASHP Guidelines on Medication Cost Management Strategies for Hospitals and Health Systems. Am J Health-Syst Pharm. 2008; 65:1368-84.
• ASHP Current Status of Medicines Procurement. Am J Health-Syst Pharm. 2009; 66: 5: Supplement 3 s20-s28.
• Brown, Thomas.(2010, August). Introduction to Health-System and Hospital Pharmacy Practice
• Dominick, Charles.(2010, January). Certification Update: The Cost and Benefits of Getting Certified
5114th Annual NPPA Conference
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Resources – Suggested ReadingsResources – Suggested Readings
• Goos, Kevin. (2008, March). Identifying Cost Savings Opportunities
• McKone-Sweet, Kathleen. (2005, February). The Ailing Healthcare Supply Chain: A Prescription for Change
• Merrifield, Ric. (2009). Rethink
• Middleton, Diana. (2010, April). Exam Time: More Firms Are Requiring Test-Taking
5214th Annual NPPA Conference
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Resources – Suggested ReadingsResources – Suggested Readings
• Nutescu, Edith. Basic Terminology in Obtaining Reimbursement for Pharmacists’ Cognitive Services. Am J Health-Syst Pharm. 2007; 64:186-92
• Puckett, William. (2008, November). Recruiting a Manager for Financial Activities in Pharmacy
• Wilson, Andrew. (2009). Financial Management for Health-System Pharmacist
• World Health Organization. (1999). Operational Principles for Good Pharmaceutical Procurement
5314th Annual NPPA Conference
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Resources - PublicationsResources - Publications
• American Journal of Health-System Pharmacy
• Healthcare Financial Management
• Inside Supply Management
• Journal of Supply Chain Management
• Materials Management in Health Care
• Pharmaceutical Executive
5414th Annual NPPA Conference
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Resources - PublicationsResources - Publications
• Pharmacy Purchasing & Products
• Pharmacy Purchasing Outlook
• PM Network
• Supply Chain
• Supply & Demand Chain Executive
• The Journal of Healthcare Contracting
• The Journal of Pharmacy Technology
5514th Annual NPPA Conference
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Resources - WebsitesResources - Websites
• www.ahrmm.org• www.apics.org• www.ashp.org• www.asq.org• www.capsresearch.org• www.gs1us.org• www.ism.ws• www.ncmahq.org• www.pharmacyadvisor.com• www.pharmacypurchasing.com• www.pmi.org• www.theiiba.org
5614th Annual NPPA Conference
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SummarySummary
• Patient Safety > Cost Savings
• Facilities should have a trained purchasing professional dedicated to the pharmacy purchasing process.
• Continuous Education, Training, and Certification
• Additional Pharmacy Purchasing Professional Specific Research to Follow
5714th Annual NPPA Conference
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