Author(s): Naveen M.R., Santhosh Y.L., Satish Kumar B.P

Email(s): santosh.kvc@gmail.com

DOI: Not Available

Address: Naveen M.R., Santhosh Y.L., Satish Kumar B.P.
Department of Pharmacy Practice, SAC College of Pharmacy, B. G. Nagara
*Corresponding Author

Published In:   Volume - 4,      Issue - 5,     Year - 2011


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.


Cite this article:
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.

Cite(Electronic):
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.   Available on: https://www.rjptonline.org/AbstractView.aspx?PID=2011-4-5-16


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RNI: CHHENG00387/33/1/2008-TC                     
DOI: 10.5958/0974-360X 

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