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Pharmacy Management System

Pharmacy Management System

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Pharmacy Management System

$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 GROWING CHALLENGES

The common bottlenecks which might slow down your business growth

Complex Procedure

Lack of Automation

Current pharmacy systems lack automation techniques and operate with processes that are physically executed.

Data Visualization

Lack of Uniformity

Due to the lack of consistent procedures, anomalies in the system keep propping up from time to time.

Paper Based Prescribing

Prescription procedures are heavily paper-based, causing complexities in record maintenance and accuracy.

Billing Errors

Inefficient workflow and billing processes are causing routine errors, which is impacting the bottom-line.

Chart Subgrouping

Inventory Management

Discrepancy in gauging sales requirements, causing overstocking or understocking.

High Cost Implications

Payment Management

Lack of streamlined systems and billing solutions creates constant inefficiencies in payment management.

Let's Solve Your Challenges

HOW OSP WORKS

Pharmacy Management System for All-rounded Automation

Increase Efficiency across Dispensing, Medication Management, Clinical Workflows and Billing Systems

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Solutions

E-prescribing Integration

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.

Pharmacy Data Management

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.

Inventory Management

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.

Pharmacy Compounding Solutions

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.

Managing Dispensing Workflows

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.

Master Patient Indexes

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.

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Use Cases

What We Offer?

Sentiment Analysis

Document Management

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.

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Pharmacy RCM

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.

Facial Detection

Patient Safety and Compliance

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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