Pharmacy Management System

A pharmacy management system is a digital platform that pharmacies use to digitize their operations and automate many workflows. Activities like inventory management, reviewing prescriptions, handling billing and insurance, and preparing prescriptions are some things done easily with a pharmacy database management system. Having such software solutions accelerates day-to-day operations, reduces operating overhead, and minimizes the chances of errors. In other words, a pharmacy system goes a long way toward enabling pharmacists to serve their customers better and increase their revenues in the process.    

Solution
Let’s build your project

Explore Pharmacy Management System

Healthcare providers are continually looking to improve patient care experiences, and e-prescription is one great way of enhancing patient safety. E-prescription systems help healthcare providers to create and send prescriptions electronically to pharmacies for processing and delivery.

We develop customized pharmacy management software architectures that maintain secure communication of e-prescriptions between the patients, their relative pharmacies, and claims agencies. The e-prescribing software simplifies the entire process flow of the pharmacy’s system, and error-free dispensing and billing increases patient satisfaction.

Like other areas of healthcare, pharmacies also handle a large amount of data. Pharmacy data management solutions provide real-time data that helps pharmacists control operating costs, ensure medication adherence, and improve population health management.

Robust pharmacy management systems with intelligent analytics provide seamless access to patient data as well as demographic related information. These solutions also work toward incorporating audit requirements and updates and modifications related to billing and claims.

We design data management modules that help to document and manage patients’ Electronic Health Records (EHR) and Electronic Medical Records (EMR), along with the doctor’s notes, supporting documents, scans, and X-rays, all in one place.

Small and independent pharmacies should actively manage their inventory by taking stock of it frequently, rather than just once or twice a year. Doing so will help them understand trends, identify problems, and make timely changes.

Customized pharmacy inventory management systems improve efficiency through process-flow automation of stocking, numerical balances, monitoring and tracking, warehouse stock manifests, and dispensing updates.

Through the generation of a wide variety of reports, pharmacists can review important information about different medicines, vendors, and wholesalers efficiently. Our automation techniques incorporate barcodes that meet compliance requirements aiding in better inventory management.

Pharmacies are a gateway to the health system for most patients as patients visit pharmacies more often than healthcare facilities. So pharmacies can help healthcare providers in better patient engagement, patient education, and care management.

OSP’s pharmacy management software solutions aim to combine the pharmacy’s compounding skills and multiply them through integration with innovative technologies.

Highly advanced systems help pharmacists create customized medication packages for each patient. Patients prefer value-based care that addresses their individual needs, so the overall revenue generation of the pharmacy increases.

One of the most associated and critical actions in a pharmacy is the dispensing of medicines. The pharmacy receives the prescription and reviews it for potential drug interactions, appropriate dosage, duplicate therapies, or transcription errors. The pharmacy then dispenses the prescription and confirms the filled prescription contains the right medication, dosage, and supply.

OSP’s pharmacy management solution merges workflows, clinical procedures, programs, data, and stock reporting into a centralized platform that helps the healthcare personnel in intelligent decision-making.

Customized processes of delivery, drug refills, and clinical department cross-communication streamline the dispensing workflows. Our solution automates the prescription fulfillment process as well as the requests for delivery of medications.

A Master Patient Index (MPI) is a patient database that helps pharmacies maintain accurate patient data across separate systems and create consolidated patient lists. The MPI assigns a unique identifier to each registered patient.

OSP’s pharmacy management system automates the index through state-of-the-art technologies for minimal human involvement in maintenance and updates of patient information and communication.

An MPI provides a complete view of a patient’s medical data so pharmacies can provide better patient care and better service. Pharmacies can also provide proper guidance in an emergency as they have access to details like the patient’s medical conditions and other information.

Benefits 

This is perhaps one of the most visible advantages of using pharmacy management software. It digitizes almost all workflows and eliminates the need to handle physical documentation. Furthermore, even physician prescriptions are obtained and viewed in digital format. By eliminating the need for paperwork, physical filing, and documentation, pharmacy inventory software sharply reduces the need for paperwork and helps reduce the industry's carbon footprint.

Depending on its size, a pharmacy would need to handle an inventory consisting of hundreds and even thousands of types of drugs and medical necessities. A pharmacy inventory management system uses barcodes and scanners to help track the inventory quickly and efficiently to know if certain items need to be ordered for replenishing existing stocks optimally. This helps pharmacy managers avoid ordering too many or too few items and prevent waste.

This is one of the most useful features that every pharmacist prefers having in his or her pharmacy inventory management system. A pharmacy would handle hundreds of types of drugs and other supplies. So, it becomes important to know which are nearing expiration or if any have already reached it. OSP can build Pharmacy management systems to alert pharmacists if anything is nearing expiration, which enables them to order fresh stocks.

Let’s build your project

Pharmacy Management Software Development Services

Industry

Development Of Pharmacy Management Software For Standalone Pharmacies

  • Rapid Inventorying of New Supplies
  • Tracking of Usage and Automated Alerts in Case of Low Quantity
  • In-Built Notifications in Case of Approaching Expiration Dates
  • Feature For Tracking Quantities of All Items
  • Integration With E-Prescription Software For Efficient Preparation of Prescriptions
Industry

Design Of Pharmacy Management Systems For Hospitals

  • Integration of Pharmacy System With Hospital Management Software
  • Feature to View Medication History For Convenient Medication
  • User-Friendly UI/UX For Pharmacy Management Software
  • Tracking of Supply Chain For Improved Efficiency and Oversight
  • Analytics and Reporting For Actionable Insights
Industry

Custom Pharmacy Inventory Management System For Specific Requirements

  • Requirements Analysis of Providers’ Organization and Services
  • Design Of Pharmacy Inventory Management Software As Per Offered Services
  • Development of Custom APIs for Integration With Other Healthcare Software
  • Unified View of Complete Inventory, Coupled With Quantity of Items
  • Comprehensive Quality Testing to Ensure Functionality and Data Security

Our Core Services

Solutions We Offer

What Our Client Said

Industry Industry Industry Industry Industry Industry Industry Industry Industry Industry

Case Studies

Let's Begin

Latest Talks

Author
Insight

A Complete Guide to Pharmacy Management System Development

Read More
Author
Insight

Top 7 Features to Include in Pharmacy Inventory System for Better ROI in 2022

Read More
Author
Insight

Digital Prescription Software Bolsters the Efficiency of Clinical Workflows

Read More
Author
Insight

E-Prescribing Software: A Cloud-based Solution for Paperless Prescribing Services

Read More
Author
Insight

E-Prescription Software Development: A complete Guide for Healthcare Developers

Read More
Author
Insight

How to Gain 3X ROI with Advanced Pharma Billing Software?

Read More

Frequently Asked Questions

A pharmacy management system (PMS) is software used to manage pharmacy operations. It includes features for tracking inventory, viewing physician orders, preparing medications, and managing billing and insurance activities. In other words, a pharmacy management system is a consolidated platform that enables pharmacists to run all the day-to-day operations.  

Pharmacy management involves all the processes, procedures, and activities involved in running a pharmacy. It includes overseeing the preparation of medications, managing inventory, billing, placing orders for new stock, reviewing physician orders, managing finances, and so on. A software platform like a pharmacy management system streamlines all management activities and boosts efficiency and productivity.  

A pharmacy management system (PMS) simplifies and optimizes the administration of a pharmacy. It has many benefits, such as –   

Prevents Medication Errors: PMS software includes a feature for e-prescriptions that allows pharmacists to view doctors’ prescriptions in electronic format, preventing errors due to illegible handwriting.  

Minimizes Billing Errors: A digital platform eliminates the need to deal with physical paperwork and receipts, leading to a few errors in billing.  

Streamlines Inventory Management: PMS software speeds up the inventory process and helps keep track of all items in stock, along with expiration dates.  

Reports: A PMS platform also analyses operations and generates valuable insights on medication usage, sales, prescriptions, pricing, revenues, etc. This helps pharmacists make informed decisions to optimize day-to-day operations.  

Prevents Medication Fraud: PMS solutions provide digital databases of prescription medications and enable pharmacists to cross-verify patients’ prescriptions. In short, it helps curb the abuse of dangerous controlled substances (CDS).  

Reduction in Wastage: Pharmacy software also notifies pharmacists if items are nearing expiration date and gauge usage to order the appropriate items. This minimizes wastage and hence, reduces losses.  

Higher Revenues: This software platform streamlines and digitizes all operations, not to mention minimizing wastage. As a result, there is a reduction in overhead and greater speed of operations, leading to higher revenues.  

Reduces Paper Usage: Since a PMS solution minimizes the need for physical paperwork, it saves overhead and reduces the pharmacy’s carbon footprint.  

A pharmacy management system (PMS) is a software platform for managing everyday operations at pharmacies. It provides real-time information on various aspects of the pharmacy, such as its inventory, prescription orders, finances, staff timesheets, payroll, stocking orders, and so on. All this information on one platform improves the ability to track and manage the pharmacy by facilitating informed decision-making.  

The main objective of a pharmacy management system is to improve the speed, efficiency, and productivity of the operations at the pharmacy. The software does this through features to handle all parts of the pharmacy operations. These include billing, payments, inventory, orders, prescriptions, medication preparation, etc. Continuous real-time information on these activities enables efficient day-to-day administration while minimizing errors.  

  1. Data privacy   
  2. The initial cost of implementation  
  3. Integration with older software  
  4. The attitude of pharmacists toward software technology solutions  
  5. Support during downtimes  

The purpose of pharmacy management is to ensure that a pharmacy can continue to serve patients safely and legally. Pharmacy management involves the administration of all the day-to-day activities at a pharmacy. This means the staff must receive prescriptions, prepare medications, advise patients, and handle insurance, billing, and payments. The level of efficiency and competency of the management directly impacts the revenues and the experience of patients at pharmacies.  

A pharmacy is where people go to buy medications prescribed by doctors. It is a vital part of the healthcare industry, and people who manage pharmacies often undergo vocational education. This education helps them to act as intermediaries between doctors and patients when the latter comes to pick up their prescriptions. It is the job of pharmacists to dispense life-saving medication properly.  

  • Inability to update inventory as and when orders arrive  
  • Overstocking of drugs  
  • Understocking of drugs  
  • Generating reports manually  
  • Dealing with illegible prescriptions  
  • The pressure of preparing prescriptions accurately  

Pharmacy management involves all the processes, protocols, and activities involved in managing a pharmacy. It includes managing the staff, overseeing the preparation of medications, handling finances, interpreting doctors’ prescriptions to patients, ensuring adequate inventory, placing orders for new stocks, managing operating overhead, and so on. The goal of pharmacy management is to ensure that the pharmacy is prepared to serve patients at all times without any medication errors. 

Schedule A Call