As the director of pharmacy for CMC you have been experiencing an increase in drug cost of approximately eight to ten percent per year for the past three years. The annual pharmacy drug cost has increased from $10300000 to $16800000 in the past five years.

As the director of pharmacy for CMC you have been experiencing an increase in drug cost of approximately eight to ten percent per year for the past three years. The annual pharmacy drug cost has increased from $10300000 to $16800000 in the past five years.

The hospital is experiencing an increase in drug cost even though actual drug usage has remained stable.
Along with the increase in drug cost drug related errors have also increased. Patient safety has become an even more serious issue. As you know patient safety is the number one item on the national health care agenda for the next several years.
At the hospital the number of dispensing errors has increased by two percent during the past twelve months. The registered nurses who are administering the drugs have discovered many of the dispensing errors; however the ones not discovered resulted in patients getting the wrong drug wrong dosage and/or the wrong frequency. When the overall drug error rate was analyzed it was found that dispensing errors in the pharmacy were the number one cause. The overall drug error rate had increased from three percent to five percent.
Fortunately most of the dispensing errors were discovered before the medications were administered to the patients. When the incorrect drugs were administered it resulted in adverse effects in three cases. One patient received the right medication but the wrong dosage because the medication label was incorrect. This patient had to be admitted overnight to the Intensive Care Unit for intense cardiac and respiratory monitoring. The patient stayed in ICU for approximately twenty four hours. Another patient received the wrong medication on the day of planned discharge and had to remain in the hospital for an additional day though only for observation. In the third case the patient had reported that he was allergic to a certain category of drugs but nonetheless received a drug of that type. He had an adverse reactiona rashwhich delayed his discharge by one day.
On the basis of your understanding

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