RFID And Medical Management In The Hospital: A Solution To An Ongoing Obstacle [Forbes]
Novartis AG (NVS)
Last novartis ag earnings: 4/28 01:00 am
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Source: Forbes
RFID And Medical Management In The Hospital: A Solution To An Ongoing Obstacle Hospital pharmacies face a growing number of challenges. Between new regulations, increasing drug prices, drug shortages and the opioid crisis, pharmacies are under tremendous pressure to perform with largely limited and outdated tools. The crux of the issue is that hospitals need to improve the intelligence around their medications at an increasingly precise level. Whether it be requirements of the Drug Supply Chain Security Act (DSCSA) When medications are efficiently tracked from manufacturer to hospital to patient, it's a win for everyone. According to a recent report pilot program The Current Landscape Barcoding and manual counting are the two main methods hospitals use to keep track of the circulation of drugs and controlled substances. Radio-frequency identification (RFID) tagging is a track-and-trace technology that is transforming medication management. Through this solution, every vial, syringe an
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NVS
Earnings
- 4/23/24 - Beat
NVS
Sec Filings
- 4/23/24 - Form 6-K
- 2/15/24 - Form S-8
- NVS's page on the SEC website