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After the Initial Inventory is conducted, each DEA registrant must inventory all controlled substances on hand at least every two years. This Biennial Inventory should include the same information as the Initial Inventory and must be continued every two years as long as the DEA registration is active.
Each inventory shall contain a complete and accurate record of all controlled substances on hand on the date the inventory is taken, and shall be maintained in written, typewritten, or printed form at the registered location. An inventory taken by use of an oral recording device must be promptly transcribed.
A perpetual inventory is the maintenance of an accurate count of all schedule II controlled substances in a pharmacy or institutional pharmacy.
The State of Michigan requires a physical inventory of all controlled substances to be conducted on an annual basis. The annual inventory must be performed between April 1 and June 30 of each year per Michigan Public Health Code, Section 333.7321.
After the initial inventory is taken, the registrant shall take a new inventory of all stocks of controlled substances on hand at least every two years.
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The State of Michigan requires a physical inventory of all controlled substances to be conducted on an annual basis. The annual inventory must be performed between April 1 and June 30 of each year per Michigan Public Health Code, Section 333.7321.
Pharmacy inventory management is a complex but critical process within the healthcare delivery system. Without adequate pharmacy inventory management practices, hospitals run the risk of not being able to provide patients with the most appropriate medication when it is most needed.
Should be stored using one of the following methods: Preferred method: a wall mountable controlled substance lockbox with two doors and two locks (each lock is keyed differently). A single-lock lockbox that is stored in a drawer or cabinet that is secured at all times with a hasp and padlock.
If you want to improve your pharmaceutical processes, below are seven inventory management tips to keep you on top of your game: Always be proactive. ... Keep communication lines open. ... Have a vertical storage system. ... Don't overstock. ... Involve the whole team. ... Do regular inventory checks. ... Plan ahead.
Controlled Substance Recordkeeping. All controlled substance records are required to be retained for two years following controlled substance disposal. These records include purchasing and shipping records, inventories, usage and disposal logs and disposal paperwork.

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