New Analytics Tool Delivers Insights On Hospital's Pharmaceutical Use And Spending In Western Australia

The app assists hospitals to make informed decisions around ordering, dispensing, and distribution. Health Support Services, the shared services centre which supports the WA public health system in Australia, has introduced a new pharmaceutical analytics solution that renders an overview of hospitals' pharmaceutical expenditures and supplies. Developed in collaboration with chief pharmacists across WA Health, the Pharmalytics app provides hospitals with up-to-date access to a dashboard showing their pharmaceutical use and spending. 

Key insights it provides include revenue and expenditure, reimbursements, stock on hand, backorders and stock held at all WA Health sites. It also identifies substitute products and stocked quantities and monitors contract compliance, supplier performance, and a critical list of COVID-19 medications. It has a built-in calculator for aseptic compounding products. HSS noted that at-a-glance visuals of the app bring users to focus on big-ticket items, potential savings, contract compliance and important suppliers and manufacturers. To facilitate the ongoing development and enhancement of the app, a Pharmalytics reference group has been set up following the app's implementation.