What Are the Components of a Medicine KPI?

KPI stands for Key Performance Indicators. These are measured in numbers so organizations can quantify and determine if their processes are stable and normal. This measurement system is also an indicator whether the company is meeting its goals, not only in terms of finances, but also in service delivery. Most of the time, the measurement systems used are quality, productivity, attendance of employees, resolution rate, and customer satisfaction.

In the medical world, medicines are measured based on their effectiveness. Some medicines have low dosages and these might prove to be ineffective depending on the severity of what is being treated. One of the things that are carefully looked into whenever a new medicine is produced is its effect on the liver.

The liver is one of the main organs affected by medicines because it is in this area where medicines are broken down. There are enzymes in the liver that metabolize the medicine and deliver the medicine’s components to where it should be. Right now, many companies have released certain food supplements that will help the liver cope with the damages it gets from certain medicines that may prove to be harmful in the long run. The liver serves as a filter and it strains bad chemicals before these chemicals are released to the bloodstream.

The other thing that is measured in medicine is toxicity. The human body can only absorb so much chemicals. However, it is a sad fact of reality that not all individuals can sustain the same dosages. Some people have more tolerance to chemicals than the others. It is then vital for pharmaceutical companies to ensure that the dosage of their medicines is safe, especially if these medicines are sold over the counter. What many companies do now is tamperproof their medicines to avoid accidental overdose.

The other metric that dictates how medicines should be measured is its tendency to drive addiction. There are medicines that have addictive components and this is something that companies prevent when developing new drugs. This is very applicable to patients who have cancer or anything related to pain. Somehow, the numbing and calming effect of these drugs lead patients to want more so they can avoid pain.

The last metric measured is cost. It will not always be a good idea to produce medicine that no one will buy. It is also not wise to produce medicine that is too costly to create if there are alternative ways of creating them. Suffice it to say that cost efficiency is one way of measuring success in all companies in any industry. In the world of medicine, it is only apt that profitability is included in the scorecard of medicine KPI.

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