How will adding automation affect your bottom line?
The utilization of pharmacy automation is increasingly being recognized as a crucial step in maximizing efficiency, reducing labor costs, and improving the quality of patient care. However, a significant investment such as this requires a well-calculated return on investment (ROI) expectation. This article aims to provide a comprehensive insight into the various factors that affect ROI on pharmacy automation, as well as the direct and indirect ways that automation impacts ROI.
Pharmacy Automation Initial Costs vs. Long-Term Savings
– Initial Costs of Pharmacy Automation
Pharmacy automation involves a range of equipment like automatic dispensing cabinets and robotic prescription dispensing systems. The initial costs of pharmacy automation can range from a few thousand to several hundred thousand dollars, depending on the scale and complexity of the setup.
– Potential Long-Term Savings from Pharmacy Automation
Despite the steep initial costs, the potential long-term savings from pharmacy automation systems often justify the investment. Automating your pharmacy can lead to significant labor savings, reduced waste due to expired or damaged medication, improved accuracy in dispensing. Investing in high-quality pharmacy automation equipment with a responsive vendor can also prevent downtime and lost business. When viewed over a multi-year horizon, these savings can be substantial. Read more >
