News

Hospital inventory management is an essential part of improving patient safety and patient outcomes while also reducing inventory costs. Challenges to the health care industry, such as supply shortages and human error, make health care inventory management important.

Every day, healthcare providers across the United States manage millions of prescription medication labels—a key part of patient safety. Yet a recent study revealed that medication errors affect over 1.5 million Americans annually, with many stemming from unclear or inadequate drug labeling.

Drug commercialization is the process of bringing new drugs from laboratory development to market availability. This complex journey involves clinical trials, regulatory approval, manufacturing setup, and market strategy.

In 2025, the healthcare industry faces a pivotal moment as supply chain disruptions intensify. From rising costs driven by new tariffs to geopolitical risks that delay shipments of life-saving medical supplies, healthcare organizations are under immense pressure.

Pharmaceutical track and trace systems have become the gold standard for supply chain security, protecting medications from manufacturing through patient dispensing. With the World Health Organization estimating that 10.5% of medicines worldwide are substandard or falsified, these sophisticated technologies create an unbroken chain of verification that effectively combats the growing threat of counterfeit medications while ensuring regulatory compliance.

Every year, preventable medical errors affect thousands of patients—underscoring the critical need for tools like Patient Safety Indicators (PSIs) to measure and improve care. In fact, one study highlighted by the National Library of Medicine revealed that approximately 400,000 hospitalized patients experience preventable harm annually, with over 200,000 deaths attributed to avoidable medical errors, highlighting the urgent need for effective monitoring and intervention strategies.

Healthcare data management refers to the systematic process of collecting, storing, protecting, and analyzing health-related data. This data encompasses a broad range of information, including patient medical records, insurance claims, treatment plans, and even administrative data.

The CMC process plays a pivotal role in not only creating effective drugs but also ensuring a smooth trajectory toward approval by regulatory authorities. 

In-house pharmacies are revolutionizing the way healthcare facilities manage and dispense prescription medications. These on-site services, integrated directly into hospitals, clinics, specialty healthcare providers, and even veterinarian practices, simplify the process of providing the correct medication to patients.