How Hospitals Can Save Big With Effective IV to PO Conversion

Balancing exceptional patient care with financial sustainability is a priority for every hospital. Inovalon's new IV to PO Dashboard, an advanced feature of its industry-leading VigiLanz Pharmacy Surveillance solution, is an innovative tool designed to help hospitals achieve this balance. By enhancing both medication management and operational efficiency, this tool supports clinical excellence and improved ROI. Here's why this tool is a transformative asset for hospitals across the country.

The critical role of IV to PO conversion

IV to PO (intravenous to oral) conversion is a vital clinical process that directly impacts both patient safety and hospital efficiency. Prolonged use of IV medications increases the risk of complications like central line infections. By transitioning eligible patients to oral medications when appropriate, hospitals can reduce these risks, thereby enhancing patient care and overall safety.

From a financial perspective, IV to PO conversions contribute significantly to cost control, as IV medications are typically much more expensive. By converting to oral medications, hospitals can reduce these costs, improve resource utilization, and streamline clinical workflows.

Furthermore, timely IV to PO conversions can lead to shorter hospital stays. Oral medications can often be continued post-discharge, which enables faster patient turnover and frees up beds for new patients. This improves hospital efficiency and patient satisfaction while also contributing to better clinical outcomes and financial performance.

A trusted name in clinical surveillance

VigiLanz, now an Inovalon solution, has earned its reputation as the industry leader in clinical surveillance by transforming complex patient data into actionable insights through rule-based AI. Its ability to deliver actionable alerts in near-real time allows hospital pharmacists to make effective interventions that improve patient outcomes. All the data needed to make impactful decisions - whether for day-to-day surveillance or retrospective projects - lives in one centralized location, enabling clinicians to practice at the highest level of their degrees by eliminating time spent manually searching through charts.

Leading hospitals across the United States rely on VigiLanz Pharmacy Surveillance to improve medication safety, standardize clinical practices, create efficient workflows, and lower costs. In fact, the tool has been ranked #1 by KLAS Research for seven consecutive years. The latest feature to join its award-winning capabilities is the IV to PO Dashboard, offering hospitals a strategic advantage in managing medication administration while simultaneously improving financial performance.

Leveraging the IV to PO dashboard for operational efficiency

The IV to PO Dashboard is a powerful reporting tool that empowers hospital pharmacists to fine-tune medication management strategies. As an advanced feature of VigiLanz Pharmacy Surveillance, the dashboard is powered by rule-based Al that monitors EHR data in near-real time and generates actionable alerts whenever a patient qualifies for an IV to PO conversion. These alerts ensure clinicians can act quickly and effectively to improve patient care - and the dashboard takes this impact to the next level. Key benefits include:

1. Financial insights: The tool calculates comprehensive cost savings based on each hospital's drug cost, as well as missed opportunity costs using drug administration data. It also highlights where earlier conversions could have further optimized financial performance, enabling hospital pharmacists to refine their protocols and enhance overall efficiency.
2. Comprehensive views: With features such as Summary, Trends, Year-over-Year, and Comparative Analysis views, the dashboard provides a broad spectrum of analysis capabilities. For health systems with multiple locations, the tool allows for site-to-site comparisons, offering an invaluable resource for system-wide performance optimization.
3. Configurability: The IV to PO Dashboard provides valuable data on the average time to conversion from rule activation, allowing teams to identify areas for improvement in workflows and adjust alerts accordingly. By collaborating with dedicated pharmacists on Inovalon's clinical support team, hospitals can adjust rules to better align with specific needs, ensuring timely and effective IV to PO conversions for optimal patient care and efficiency.

A strategic asset for hospitals: Elevating care and financial health

By integrating the IV to PO Dashboard into their operations, hospitals can elevate both patient care and financial performance. The ability to quickly and effectively manage IV to PO conversions leads to reduced patient risks, improved operational efficiency, and enhanced bottom-line performance. Whether the goal is preventing adverse drug events, standardizing clinical practices, or optimizing workflows, this tool is a critical asset.

To learn more about how VigiLanz Pharmacy Surveillance can help your hospital achieve these goals, contact us today for a personalized demonstration of the IV to PO Dashboard.

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