TAKE A LOOK AT the COST OF BAD or ADVERSE DRUG EVENTS--Improving Medication Safety Helps Control Costs Written by Niels Erik Hansen, PhD, President and CEO, Intelligent Hospital Systems | November 06, 2013

If ongoing news reports of pharmacy product contaminations, recalls and patient injuries aren't enough to prompt reforms to reduce errors in the compounding of IV medications, a study published late last year — which shows the significant cost burden hospitals bear from IV medication errors — should be.  

The report, in the journal American Health & Drug Benefits, found that preventable adverse drug events from IV drugs harm more than 1 million patients annually in U.S. hospitals, costing between $2.7 billion and $5.1 billion each year — an average of $600,000 per hospital.

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