Cost savings

CIS Healthcare is committed to working in partnership with our customers to reduce costs whilst improving the quality of patient care. We believe that the implementation of our innovative solutions can help achieve financial savings and improve efficiencies within the medication management process.

Our philosophy is to reduce costs based on improvement cycles and setting objectives which can be measured, reported against and integrated into the system to encourage changes in behaviour. 

Medication is often the second largest cost item in a hospital and across CIS Healthcare’s installations real cost savings have been consistently achievable with reduction in medication spending of between 3% and 14%. 

The key target areas for cost saving opportunities are:

Active management of cost decision points

Protocol style medication governance within Theriak Medication Management offers active management of prescribing choice, e.g. offering lower cost alternatives

Reducing adverse drug reactions (ADRs)

Theriak Medication Management reduces the incidence of medication errors including severe errors which result in extended bed stays and the resulting costs

Monitoring

Theriak Medication Management offers the production of customised reports to enable costs and activities to be measured and appropriate actions taken

Benchmarking

Theriak Medication Management provides a reference point within or between hospitals to identify prescribing activity where savings can be made

Reimbursement

Theriak Medication Management ensures reimbursements match activity to avoid underpayment and maximise income

Process re-design

Theriak Medication Management identifies blocks and then supports change to medicines management delivery to improve workflow and minimise waste

Delivering value for money

In managing healthcare services, resources are stretched and time is in short supply; every day brings new demands, concerns and patients requiring quality treatment. 

Implementing software solutions can place an extra strain on services already striving to meet demanding targets, resources and budgets. Implementing without exercising good judgement and common sense and failing to appreciate these issues may not just fall short of the desired results, they could also jeopardise everyday patient care. 

CIS Healthcare has the practical experience, technical knowledge and accredited implementation processes necessary to ensure hospitals achieve outstanding care without risking ongoing treatment. We appreciate that funding top of the range technology can be difficult and with this in mind, we are committed to delivering value for money solutions with no hidden costs or catches.