Pharmacy automation is a broad category — it can include vial robots for retail pharmacy settings, adherence packagers for long-term care and hospital facilities that provide patients with multi-dose blister cards or pouch packages, and complex integrations in high volume mail order and central fill settings. No matter the pharmacy setting, the overarching goal of pharmacy automation systems is to streamline pharmacy operations and optimize patient care. Today, however, that goal should expand to include using pharmacy automation solutions to find new sources of revenue.
Pharmacies today are challenged by increased workloads, staffing shortages, pricing pressures, and regulatory compliance requirements, to name a few.
When it comes to new revenue streams, there are three areas of opportunity:
• Labor reallocation
• Using data to identify new prospects
• Working in the continuum of patient care
Using Labor Reallocation to Grow a Revenue Stream
When pharmacy managers decide to invest in a pharmacy automation system, it is usually after the pharmacy automation vendor has presented them with a calculator that shows savings resulting from expected labor reduction and additional marketing capability. The issue with this traditional ROI model is that it requires a reduction in staff in order to actualize the labor savings. If you don’t want to lose good people, the proposed ROI may never be actualized at all. Read more >
JFCRx provides everything a pharmacy needs to grow: industry-leading hardware and software, business process improvement consulting, comprehensive analytics, and exceptional customer service. Led by a team of experienced industry veterans, JFCRx can show you how analytics-driven pharmacy automation can help you increase revenue, efficiency, and productivity within your total pharmacy operation.
