Medication Errors Reduction Act of 2003 - Directs the Secretary of Health and Human Services to provide grants to eligible hospitals and skilled nursing facilities for costs related to purchasing, leasing, developing, and implementing standardized clinical health care informatics systems designed to improve patient safety and reduce adverse events and health care complications resulting from medication errors.
Gives special consideration to eligible entities serving a large number of Medicare, Medicaid, and State Children's Health Insurance Program (SCHIP) eligible individuals. Reserves a certain percentage of grant funds for rural hospitals.
Terminates grant authority on September 30, 2013.