UNIVERSITY OF MICHIGAN – DEPARTMENT OF PHARMACY SERVICES

 

ANNUAL REPORT FY2006

 

Pharmacy Home Page   |   ( Complete report in .PDF format - 404kb )

Welcome From the Department of Pharmacy Services   |   Inpatient Drug Distribution Services   |   Clinical Pharmacy Services
Ambulatory Pharmacy Services   |   Medication Safety   |   Drug Information and Investigation Services
Research and Education   |   HomeMed Services   |   Computerization and Automation
Continuous Quality Improvement   |   Purchasing, Inventory, Management, and Distribution   |   Business Operations

BUSINESS OPERATIONS

 

Budget performance

Pharmacy services had total gross revenue of $270 million in FY06, and $95 million in expenses.

  • Text Box: Alice Schuman Administrative Manager The inpatient and OR areas combined had $50 million expenses, up 6% over the prior year.  This growth was driven by increased hospital volume and drug costs.
  • UMH qualified in January 2004 as a Disproportionate Share Hospital for 340b discounts, which reduce outpatient drugs costs by up to 30%.
  • The Retail Pharmacy area, experienced a slight increase in the number of prescriptions filled, but also had a change to more expensive prescriptions on average.
  • The Infusion area continued its trend of significant volume increases, for a 28% increase in revenue

 

 

UMH Pharmacy Services FY06 Revenue and Expenses

 

 

Statistical Information

 

The Department of Pharmacy monitors several key performance ratios.

  • Inpatient drug costs per discharge and per patient day held steady of most of the past five years.
  • Inpatient personnel costs have risen by an average of 7%/year per discharge over the past five years to address additional medication complexity and patient safety issues
  • Retail area personnel costs have risen by an average of 6%/year over the past five years, driven by an increase in the ratio of new-to-refill prescriptions and more time spent processing discharge prescriptions.
  • Infusion area personnel costs per infusion have held steady over the past five years.

 

 

 

UMH Pharmacy Services Performance Ratios, One Year and Five Year Average Trend

 

 

Staffing Levels

 

Department of Pharmacy staffing levels have been increased over the past two years to address issues of increased volume and complexity and to better address patient safety issues.  The growth over the past five years has been mostly in pharmacists, both staff and clinical.  This segment of the staff has grown 5%/year over five years, compared to the pharmacy technician growth of 3%/year over that same time period.

 

UMH Pharmacy Services Staffing Levels, One Year and Five Year Average Trend

 

 

 

 

 

 

 

*** END OF UMHS DEPARTMENT OF PHARMACY SERVICES ANNUAL REPORT FY2006 ***