🇦🇺Australia

Controlled Substance Diversion and Theft Losses

2 verified sources

Definition

Strict logging is required for Schedule 8 controlled substances to prevent abuse, but paper-based systems allow discrepancies exploitable for theft or internal misuse.

Key Findings

  • Financial Impact: AUD 2,000 - 15,000 per incident (replacement costs + investigation; industry avg 1-3% inventory shrinkage)
  • Frequency: Ongoing shrinkage or per theft event
  • Root Cause: Lack of real-time audit trails in manual registers

Why This Matters

The Pitch: Nursing homes in Australia 🇦🇺 lose AUD 5,000 - 20,000 annually per facility on drug theft. Automation of real-time tracking prevents fraud.

Affected Stakeholders

Pharmacy Managers, Nurses, Facility Administrators

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Manual Documentation and Reconciliation Overhead

20-40 hours/month per facility at AUD 50/hour nurse wage (AUD 12,000 - 24,000/year)

Fines for Drugs, Poisons and Controlled Substances Act Breaches

AUD 5,000 - 50,000+ per breach (statutory fines for poisons act violations)

Non-compliance Fines for Care Plan Documentation Failures

AUD 50,000 - 500,000 in fines/penalties per audit failure; lost funding subsidies up to 100% of revenue for non-compliant providers

Lost Government Subsidies from Documentation Gaps

AUD 1,000 - 5,000 per resident per month in lost subsidies; 20-30% revenue leakage for non-compliant documentation

Staff Time Waste on Manual Care Plan Development

20-40 hours per resident per year at AUD 50/hour = AUD 1,000 - 2,000 per resident; 5-10% staff capacity loss

Produktivitätsverlust durch Kommunikationsfehler zwischen Pflege, Küche und Ernährungsberatung

Logic-based estimate: 360–1,080 hours per year of avoidable rework and communication time in a mid-sized home, worth ~$25,000–$50,000 AUD in labour plus $5,000–$30,000 AUD in wasted food and missed billable care opportunities, i.e. $30,000–$80,000 AUD annual capacity loss.

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