All you need to know about Pharmacy Management Systems in Healthcare and their role in maximizing pr

Starting from scratch, let us talk about What is Pharmacy Management?

Pharmacy management solutions are a unique umbrella of applications such that it encompasses several functions under one single unit. Aside from the primary tasks such as receiving inventory, maintaining stock, dispensing the correct medication and managing sales are all core elements to any pharmacy. Added to this, you also have to meet the ever changing and strict requirements set by the healthcare industry which are required to keep patients and their personal information safe and secure. Having a centralized system that is capable of managing all these tasks is essential to a successful and profitable pharmacy.

Medications change rapidly and innovative treatments often consist of an assortment of drugs, so custom mixing of pharmaceuticals has become a major component of healthcare – one that requires an extreme degree of accuracy and tracking. A well design management solution can provide high speed, accurate and secure data gathering so that providers know where they stand at all times. You can track dispensing, work-in-progress, proper handling and delivery with the right solution.

The given process image above depicts the decoding and the working of the cloud-based 340B process automation that are used for the optimization of your 340B savings inventories.

In addition to dispensing the correct dosage, processing prescriptions is an equally important aspect of any pharmacy management system. Outside of validating the prescription and patient ID, pharmacies are also required to store all the prescription details. Historically this meant a large volume of paperwork that was costly to maintain. With an imaging scanner you can quickly read barcodes as well as capture an image of the prescription. All this can be stored and processed electronically for trouble free cataloging, all without any paperwork to deal with.

Pharmacies also have to conduct basic point of sale functions with every sale including inventory management. With the aid of the same imaging scanner for prescription capture, you can scan medication and IDs for each transaction just as you find at a retail checkout. With every sale you can be tracking inventory so that when you conduct an inventory count with a mobile device you can compare the stock levels to determine if there is any shrinkage or incorrect handling occurring. A fully integrated software and hardware solutions will encompass the full pharmacy process from receiving medication and properly handling it, to selling it.

Essentially, there are some key benefits of using a well-optimized Pharmacy Management Solutions, an increase in the accuracy with a pharmacy management solution that provides the cost saving benefits of:

• Improved Workflow – Scan documents, barcodes, IDs and medication all with the same device.

• Efficiency – Eliminate paper-based workflow and simplify information storage and retrieval.

• Customer Satisfaction – Ensure every transaction is correct and is processed quickly.

• Compliance – Fulfill HIPPA compliance with secure patient information.

Some growing factors that pose to be a challenge while building a pharmacy management system are:

• Lack of automation

• Lack of uniformity

• Paper based prescribing

• Billing errors

• Inventory management

• Payment management