Document Type
Poster
Unit
Materials
Site
North Shore University Hospital
Date
11-20-2024
Start Date
20-11-2024 10:00 AM
Abstract
Cost reduction is a priority for nurse managers, and in response to a request from the Palliative Care Unit, we applied the Plan-Do-Study-Act (PDSA) model to optimize inventory management. We categorized items in the unit’s PAR cart based on usage and cost, identifying high-usage "A" items, medium-usage "B" items, low-usage "C" items, and unnecessary "D" items. Through data analysis we recalibrated inventory levels for a six-day supply, leading to a 24% reduction in total inventory value. Specifically, we eliminated 18 low-use "D" items, reducing the inventory value from $5,351.29 to $4,065.64, saving $1,285.65. We will continue monitoring inventory levels to prevent stockouts and adjust as patient needs fluctuate. This intervention represents a one-time reduction, with ongoing adjustments as needed.
Quality Improvement through Cost Efficiency:PAR Optimization in Palliative Care
Cost reduction is a priority for nurse managers, and in response to a request from the Palliative Care Unit, we applied the Plan-Do-Study-Act (PDSA) model to optimize inventory management. We categorized items in the unit’s PAR cart based on usage and cost, identifying high-usage "A" items, medium-usage "B" items, low-usage "C" items, and unnecessary "D" items. Through data analysis we recalibrated inventory levels for a six-day supply, leading to a 24% reduction in total inventory value. Specifically, we eliminated 18 low-use "D" items, reducing the inventory value from $5,351.29 to $4,065.64, saving $1,285.65. We will continue monitoring inventory levels to prevent stockouts and adjust as patient needs fluctuate. This intervention represents a one-time reduction, with ongoing adjustments as needed.