Analytics Solutions Help Blood Banks Strategically Manage Inventory
According to industry experts, a total of 30 million blood components are transfused every year at a cost of 15 to 25 billion dollars to the U.S. healthcare system. Blood management relies on a highly complex network of optimal supply and administration of blood products. Due to the complexity of these systems and operations, blood banks are benefitting exponentially from analytics solutions, which help them mitigate costs, increase quality, and optimize operations.
Inventory management is critical in blood banks. When working with sensitive materials like blood products, there is little room for error. Not only are patients’ lives at stake, but also the vitality of the organization itself can be severely impacted if the operations and supply chain of blood products are not appropriately managed. Using a multi-faceted dashboard, leaders are provided with complete information to maintain optimal blood product inventory management.
For example, this view within our healthcare analytics solution breaks down expired and outdated blood product inventory by date, type, and status. The dashboard enables management to proactively take action to reduce waste. It also allows for further investigation into more information about the blood units itself, as well as showing which units are allocated for a patient. Users have the ability to track exactly how blood was historically used and provides trending and predictive capabilities around quality metrics.
Blood is a valuable commodity that is susceptible to waste. Managing the preservation of blood products may be an evident need, however overuse or inappropriate use of blood products may be a less recognized issue that poses significant patient safety problems. The analysis shown below highlights utilization trends/patterns by patients over time.
There may be significant variations in blood product transfusion requests and usage among providers, and there is tremendous value in the ability to compare and contrast physician utilization of blood across many different factors. Transfusions introduce a new set of immune challenges to patients and each unit of allogeneic blood doubles the rate of nosocomial infections for patients. Therefore, there is a need to eradicate common practices, such as automatically ordering two units of red blood cells at a time within blood banks. Overuse will substantially increase cost of care for both patient and healthcare organizations.
Quality of patient service also extends to post-transfusion care. In cases of hemoglobin levels, test results of hemoglobin thresholds are indicators of when patients require blood transfusions. However, physicians may request liberal blood transfusions to patients to ensure clinical success. Overutilization of such valuable resources would offer no additional protective health benefits to the patients, and therefore organizations need to establish best practices to ensure its longevity. The ability to aggregate multiple source systems proves to be invaluable to Viewics’ blood bank clients when doing analysis on their transfused patient population. The analysis shown below shows the list of patients transfused along with their associated hemoglobin levels.
Filters allow for tests and certain result levels to trigger reports to blood bank leaders. The key to maintaining the patient care continuum is for blood banks to use the data they already have access to, in order to better understand their resources and better serve their communities. Blood transfusions improve patient outcomes when appropriately utilized for the right patient, indication, and dose.
It is essential for organizations to have a balanced supply of blood products to properly serve their patients. Insightful information is critical to achieve these objectives. Analytics solutions, such as Viewics, provide critical decision makers the ability to make planned decisions in order to address both inventory management and utilization within blood banks. Visit www.viewics.com for more information regarding how to optimize your blood bank.