CareFusion Enters Into Exclusive Agreement With PHACTS to Improve Hospital Pharmacy Efficiency

SAN DIEGO, Nov. 29, 2010 /PRNewswire/ -- CareFusion (NYSE: CFN), a leading, global medical device company, today announced a five-year exclusive agreement with Seattle-based PHACTS, LLC to become the global reseller of PHACTS' medication management technologies. PHACTS' solutions help hospital pharmacies better manage inventory, reduce pharmaceutical costs and streamline operations.

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This agreement marks the next major step in CareFusion's strategy to offer a comprehensive end-to-end system for the safe and efficient management of medications from the hospital loading dock all the way to the patient. The PHACTS software helps hospitals automatically track drug inventories in real time across all pharmacy locations. PHACTS automation products support the efficient packaging and labeling of medications within the pharmacy. Combined, these solutions ensure inventory turns are accelerated, stock is maintained at optimal levels and waste from expired drugs is reduced – all resulting in lower medication costs.

The agreement expands the CareFusion Pyxis® technologies portfolio to include:

• Pharmogistics® inventory management and administration software that ties directly into hospital IT systems to track drugs and increases accuracy, simplifies workflow processes and improves productivity;
• PharmoPack® medication packaging and barcoding technology, a high-speed packaging and labeling system for oral drugs in solid form; and
• PharmoCode™, a barcode labeling system for non-oral medications and devices, such as vials and syringes.

"Pharmaceutical spending is one of the largest controllable costs in a hospital," said Tom Leonard, president of Dispensing Technologies at CareFusion. "With the addition of PHACTS market-leading products to our portfolio, CareFusion is better positioned to help hospitals realize significant savings including a reduction in medication inventory on hand levels by up to 40 percent. By improving pharmacy efficiency we have been able to help our customers, in some cases, to cut the time to deliver new inpatient orders by nearly half."

"Our relationship with CareFusion will allow more hospitals to manage their inventory more efficiently in all dispensing areas across their health systems," said Thomas McCarthy, executive vice president and co-founder of PHACTS. "Additionally, our barcoding technologies will allow more hospitals to apply barcodes to medications to scan and verify for accuracy at the bedside, helping to increase patient safety and maximize Medicare reimbursements."

CareFusion will feature the new PHACTS solution at the 44th American Society for Health-System Pharmacists (ASHP) Midyear Clinical Meeting and Exhibition Dec. 6 -9 in Anaheim, Calif.

About PHACTS

PHACTS, LLC is a team of experts that identify optimal means to meet pharmacy objectives as they relate to inventory management, reducing waste and expired medications, pharmacy automation, logistics, workflow process and barcode medication administration. PHACTS provides the most innovative and technologically advanced products including Pharmogistics® Inventory Management Software that can work with new or existing carousels or as a software only solution. And, to ensure that barcodes are available on all doses of medications, they offer the PharmoPack® and PharmoCode™ Medication Packaging and Bar-coding systems. Their unique MedRexStat Interface Engine is included with all of their products and builds interfaces in minutes saving dozens of hours of valuable Hospital IT time. To obtain additional information, visit www.phacts.net.

About CareFusion

CareFusion (NYSE: CFN) is a global corporation serving the health care industry with products and services that help hospitals measurably improve patient care. The company develops market-leading technologies including Alaris® IV pumps, Pyxis® automated dispensing and patient identification systems, AirLife™, AVEA® and LTV® series of ventilators and respiratory products, ChloraPrep® skin prep products, MedMined™ services for infection surveillance, V. Mueller® and Snowden-Pencer® surgical instruments and NeuroCare diagnostic products. CareFusion employs more than 15,000 people across its global operations. More information may be found at www.carefusion.com.

SOURCE CareFusion