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Journal :   Research Journal of Pharmacy and Technology

Volume No. :   4

Issue No. :  5

Year :  2011

Pages :   779-781

ISSN Print :  0974-3618

ISSN Online :  0974-360X


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ABC Analysis of Hospital Pharmacy in a Tertiary Care Teaching Hospital



Address:   Naveen M.R., Santhosh Y.L., Satish Kumar B.P.
Department of Pharmacy Practice, SAC College of Pharmacy, B. G. Nagara
*Corresponding Author
DOI No: Not Available

ABSTRACT:
Background: About one-third of the annual hospital budget is spent on buying material and supplies, including medicines. Cost analysis (ABC analysis) has been found to be effective in the management of a medical store. Automated capital budgeting systems have been claimed to reduce capital spending by identifying utilization trends. Objective: To conduct the economic analysis (ABC) of drug expenditure in a tertiary care teaching Hospital, B.G. Nagar. Material and Methods: A matrix based on the coupling of cost (ABC) analysis criticality analysis was formulated for prioritization, to narrow down the group of drugs requiring greater managerial monitoring. Results: Randomly 9 drugs were selected for the analysis. The total six months drug expenditure on items issued in 2008-09 was Rs. 1, 58,237-40. On ABC analysis, 82.662% (2), 11.1525% (3) and 6.1864% (4) items were found to be A, B and C category items, respectively. Conclusion ABC analysis identifies the drugs requiring stringent control for optimal use of funds and elimination of out-of-stock situations in the pharmacy. The application of the cost inflation index justified the increased annual budget.
KEYWORDS:
ABC analysis, drug inventory management, drug expenditure, hospital pharmacy.
Cite:
Naveen M.R., Santhosh Y.L., Satish Kumar B.P. ABC Analysis of Hospital Pharmacy in a Tertiary Care Teaching Hospital. Research J. Pharm. and Tech. 4(5): May 2011; Page 779-781.
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