$318 billion, that’s the estimated market size of pharmacies and drug stores in the United States in 2020. And as the pharmaceutical industry keeps growing, pharmacists are looking for empowering and user-friendly pharmacy management solutions to increase efficiency and manage workflow. Customized pharmacy management systems simplify the process of medication dispensing, management of inventory, and sales-related processes.
OSP’s team of developers are skilled in pharmacy management software development and build solutions to address specific requirements of the organization and eradicate complexities. Our software systems aim to address operational system complexities and help in the holistic development of the pharmacy for increased revenue generation and streamlined processes.
The common bottlenecks which might slow down your business growth
Current pharmacy systems lack automation techniques and operate with processes that are physically executed.
Due to the lack of consistent procedures, anomalies in the system keep propping up from time to time.
Prescription procedures are heavily paper-based, causing complexities in record maintenance and accuracy.
Inefficient workflow and billing processes are causing routine errors, which is impacting the bottom-line.
Discrepancy in gauging sales requirements, causing overstocking or understocking.
Lack of streamlined systems and billing solutions creates constant inefficiencies in payment management.
Increase Efficiency across Dispensing, Medication Management, Clinical Workflows and Billing Systems
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.
A top reason for reduced filled prescriptions is the high cost of medications. Patients are continually trying to reduce their medical expenses, so they stop taking the medication without informing their doctors.
Our automated pharmacy management solutions increase savings at the stage of medication dispensing that help reduce costs for patients so patients can fill their prescriptions. Simple mechanisms installed into the pharmacy management program allow for easier accessibility and increase adherence to prescribed medication.GET QUOTE
Through customized pharmacy management software development, you can manage your third-party prescription claims better. Our advanced pharmacy management systems help to reduce the risk of profit loss, improve patient outcomes, thereby increasing patient satisfaction. Automation of the billing and reimbursement processes expedites the processing of claims and reimbursements.
OSP can create a comprehensive repository of claims data that includes insights and actionable information to accelerate prescription reimbursements. Pharmacies can also access and use this data during the time of dispensing medication.GET QUOTE
Pharmacies struggling with third party audits can breathe easy with our audit and risk reduction pharmacy solutions. Identifying the hurdles of the healthcare organization’s pharmacy department, we design pharmacy management solutions to address these specific needs.
Automation of many time-consuming and routine tasks instantly reduces the time and resources spent on managing audits. Other features such as monitoring and flagging before dispensation minimize the risk of fraud and abuse and increase efficiency allowing pharmacists to focus on patient satisfaction.GET QUOTE
Pharmacy management software helps pharmacies become efficient, accurate, and profitable while providing valuable and expanded services to patients. HIPPA compliant healthcare pharmacy management solutions increase profit margins by streamlining overall operations.
OSP’s centralized and secure web-based platform protects sensitive patient health information from attackers, enhancing patient satisfaction. Our automated patient communication systems, workflow optimization methodologies, inventory and data management techniques, and uncomplicated billing processes increase accuracy and enhance efficiency.GET QUOTE
Patient data is categorized and given individualized barcodes that manage medication dispensing safety, along with a drug data base that is regularly updated to minimize errors. This database can carry third party payer information, if relevant to the healthcare organizations requirement. Furthermore, we offer reporting platforms that allow the pharmacy to monitor key performance indicators, along with EHR integration for updated data.
Through our data management, compliance and inventory management solutions, OSP software ensures revenue cycle management by monitoring the everyday finances and using intelligent technology that accelerates revenue through actionable suggestions. Additionally, our automated procedures increase medication adherence by automatically supplying refills based on intelligent parameters. These procedures go a long way in increasing the efficiency of the pharmacy, and ultimately the revenue.
At OSP, we ensure reduced errors in compliance and claims processing through external authorization pre dispensation, individual authorization numbers, and strict prescription protocol systems that operate without interfering in the regular workflow. This monitoring takes place in real-time to flag and highlight errors immediately and reduce revenue loss. This reduces physical workload and increases patient satisfaction and convenience.
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