Budgeting & Renovation

April 2022 : State of Pharmacy Compounding - Vol.19 No. 4 - Page #8

Pharmacy’s ongoing strong commitment to USP compliance means a majority of facilities are operating in cleanrooms that are less than 5 years old. This commitment to renovation typically encompasses the entire pharmacy and not just the compounding complex. While renovations are widespread, getting the budget allocated for these updates remains a challenging task for most facilities. It is important to include both regulatory deadlines and benchmarking data as part of the renovation budget proposals.

Bonus Benchmarking Data
To see the average cost of renovations by hospital size, visit https://www.pppmag.com/article/2900


Despite the ongoing challenges from COVID, pharmacy renovations increased this year with a strong focus on USP compliance. Just under 60% of all pharmacies have undergone renovation in the past 5 years.


Despite the increasing number of pharmacy renovations, getting budget approval remains a difficult process for most facilities; 55% of facilities rated their renovation budget approval process as difficult or very difficult.


While more than half of all pharmacies have renovated their cleanrooms over the past 5 years, facilities with 200+ beds have been particularly focused on undertaking renovations.


While USP compliance is often the driver for undertaking a pharmacy renovation, most renovations (64%) encompass the entire pharmacy, not just the cleanroom.


Among those facilities that are operating in a pharmacy and cleanroom that is more than 5 years old, 42% of facilities overall are planning a cleanroom upgrade. The bulk of these renovations will occur in facilities with fewer than 400 beds.


The planning for many of these new renovations is underway; 73% will take place over the next 2 years.


2022 State Of Pharmacy Compounding Slides

Login

Like what you've read? Please log in or create a free account to enjoy more of what www.pppmag.com has to offer.

Current Issue