SYSTEM FOR ONBOARD ELECTRONIC ENCODING OF THE CONTENTS AND ADMINISTRATION PARAMETERS OF IV CONTAINERS AND THE SECURE USE AND DISPOSAL THEREOF

A system and method for tracking and administering liquid medications in a hospital, clinic, or patient residence, including encoding information onto a short range communication device affixed to a liquid container in a hospital pharmaceutical filling or compounding center, the information including drug information, patient information, and IV administration information, transferring the liquid container to a patient's bedside, programming an infusion course into a bedside IV infusion pump by enabling the pump to read the encoded information on the communication device, and disposing of the liquid container and any residual drug in a smart disposal bin that reads the communication device and weighs the container. The disposal bin may confirm the chemical contents of the container.