Pharmacymanagementsoftware.com is committed to providing the independent and community retail, retail chain, hospital, HMO, specialty, closed door, long term care and institutional pharmacies, and pharmacists with a variety of valuable resources for pharmacists, healthcare and financial professionals, owners or operators who are looking for software to run their pharmacy business(es). Pharmacymanagementsoftware.com has provided both qualitative and quantitative criteria that will help you make the right software purchase decision and answer the question:
Why I need pharmacy software?
The website also includes key links to important industry associations, industry publications, key product information and other information.
What can pharmacy management software do for your business?
Running your day-to-day operations is the most important part of your business. To keep up in the fiercely competitive pharmaceutical marketplace, pharmacists must increase their prescription fill rate and provide the highest possible customer service. Pharmacy management software is the system of record for a pharmacy business and automates key activities including inventory management, regulatory compliance, and dispensing prescriptions efficiently. The most successful pharmacies utilize pharmacy software strategically to serve their existing customers, add new customers, implement patient retention and revenue generating programs and roll-out critical new technologies like IVR. Having the right pharmacy software solution allows you to manage your pharmacy business and stay on top of your finances.
What should I look for in a pharmacy management software vendor?
The largest pharmacy chains have invested $100’s of millions of dollars in their proprietary software programs that are strategic to their business. The larger pharmacy system vendors (typically those with 1,000 plus customers) have invested $10’s of millions of dollars into developing robust and feature rich pharmacy software programs while smaller vendors have invested substantially less. Pharmacists must look for a long-standing and reliable vendor who will be in business for the long term. It is important to have the vendor answer key questions like:
- How long has the vendor been in business?
- Does the vendor serve my segment of the pharmacy market – for example retail, specialty or hospital pharmacies?
- Should I buy my pharmacy software from my wholesale partner?
- How big is the vendor (in terms of revenue or customers served)?
- How broad is the vendor’s product line?
- Is the vendor keeping up with new technology – for example, e-prescribing?
- How does the vendor’s software help me manage my business more efficiently?
- Is the vendor focused managing patient safety and information accuracy and utilizing the most complete drug interaction databases?
- Should I buy the lowest cost pharmacy software solution?
Squeezing profits out of your day-to-day tasks
The right pharmacy management software solution should help you manage you business more effectively in less time than you spend now by simplifying the work you already do like inventory management, HIPAA compliance, managing drug interaction, labeling, claims processing, reporting, and much, much more.
Cutbacks in reimbursements and lower margins on prescriptions, are forcing pharmacy vendors to offer more than a pharmacy software solution to their customers. Pharmacy software vendors need to help their pharmacy customers increase pharmacy revenue and lower total operating costs. The more innovative pharmacy software vendors have established a track record of doing this for their customers.
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