WVU Medicine Selects Omnicell One Intelligence Solution to Drive Better Pharmacy Inventory Management, Optimize Costs, and Support Better Patient Care
January 26, 2021 at 04:01 pm
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Omnicell, Inc. announced that WVU Medicine has expanded their partnership with Omnicell through a 10-year, sole source agreement renewal, with plans to leverage the Company’s medication inventory management platform to improve pharmacy supply chain management across the West Virginia-based health network. Central to the new partnership is the addition of Omnicell One™, a technology-enabled service delivered through the cloud that provides enterprise optimization for medication spend, reduction in medication waste, improvement in pharmacy labor productivity, focus on patient safety, and insights into potential diversion activity, within an entire health system. Through machine learning and advanced analytics, pharmacy leaders have access to enhanced visibility and insights to help make decisions to support getting the right medication to the right patient at the right time. The clinical, financial, and administrative impact of complex, outdated inventory approaches are a significant challenge for today’s health system pharmacy, with an estimated $800 million lost due to expired medications alone.1 With the addition of Omnicell One, WVU Medicine will have the dashboards, recommendations and actionable insights to accelerate pharmacy performance, helping to reduce medication waste and allow clinicians to focus on higher-value patient care activities.
Omnicell, Inc. is a provider of medication management solutions and adherence tools for health systems and pharmacies. The Company is focused on transforming pharmacy care through outcomes-centric innovation designed to optimize clinical and business outcomes across all settings of care through a portfolio of robotics, smart devices, intelligent software, and services. Its point of care automation solutions is designed to improve clinician workflows in patient care areas of the healthcare system, such as nursing units, patient wards, operating rooms, and emergency departments. The Companyâs XT Series automated dispensing systems for medications and supplies, which are used in nursing units and other clinical areas of the hospital, are designed to support workflows specific to each area of the hospital, with various software and hardware options. For the operating room, the Company also offer specialized automated dispensing systems.