Pharmacy Purchasing & Products Magazine

Budgeting & Renovation

April : State of Pharmacy Compounding 2023 - Vol.20 No. 4 - Page #12

Operating in an up-to-date, compliant facility is key to the effort to deliver safe CSPs to patients. With the coming November 1st deadline to achieve USP compliance, a majority of facilities have undertaken pharmacy renovations in the past 5 years. While cleanroom renovations typically drive these projects, most facilities take advantage of this opportunity to expand beyond the compounding complex and incorporate renovations to the pharmacy itself. Both facility size and pharmacy services offered have a strong impact on renovation budgets; nonetheless, most projects require an investment of at least $500,000 to upwards of $1 million.

Bonus Benchmarking Data

To see the average cost of renovations by hospital size, visit pppmag.com/renovationcosts

Working in dated facilities has negative impacts on workflow, productivity, and job satisfaction. Recognizing this, just over half of all facilities have renovated their pharmacy in the past 5 years.

Despite the pressure to adopt USP compliant practices by the end of this year, most facilities (55%) still experience difficulty in getting approval for pharmacy renovations, with almost one out of every 5 pharmacies finding the budget approval process for renovations to be very difficult.

Facilities with more than 200 beds have made a particularly strong commitment to upgrading their cleanroom complex over the past 5 years.

While USP compliance is often the driver for undertaking a pharmacy renovation, most renovations (62%) encompass the entire pharmacy, not just the cleanroom.

The pace of pharmacy renovations will remain brisk over the next few years: 40% of those facilities with a pharmacy or cleanroom that is more than 5 years old are planning to upgrade their facilities.