A Winning Purchasing Strategy Requires the Right Tools for Your Pharmacy’s Success:
Tools to Enhance Your Pharmacy and Reclaim Your Time and Passion
Are you doing everything you can to maximize your Purchasing Strategy?
As an independent pharmacy owner, you are acutely aware that the pharmacy management landscape is rapidly changing. Adapting to these changes is not optional—it’s essential for your survival and success. Staying compliant with the Generic Compliance Ratio (GCR) isn’t just a regulatory requirement; it’s the foundation of a winning purchasing strategy that can make or break your pharmacy. At Independent Pharmacy Cooperative (IPC), we recognize the urgent need for pharmacies to evolve and are dedicated to providing you with the tools to do just that.
IPC Members have access to powerful purchasing compliance solutions [SureCost, RxAssassins, and CheckMyRxCost] designed to help you achieve and maintain compliance, ensuring your pharmacy not only survives but thrives in this new era. Don’t wait—explore how these tools can revolutionize your operations and secure your pharmacy’s future today.
SureCost: The Ultimate Compliance and Savings Tool
Imagine having a comprehensive purchasing and inventory management solution that not only streamlines your operations but also helps guide your purchasing decisions to achieve compliance. SureCost is designed with you in mind, integrating seamlessly with all major wholesalers and secondary providers. This tool offers real-time data on drug prices, inventory levels, and compliance requirements, making it an indispensable asset for your pharmacy.
What SureCost Can Do for Your Pharmacy:
- Optimize Purchasing Decisions: With SureCost, you can compare prices across multiple vendors, ensuring you always get the best deal. This capability is crucial for building a formulary that supports your pharmacy’s financial health and operational efficiency.
- Enhance Compliance: The Primary Vendor Assurance Tool helps you stay compliant with contracts and agreements, while DSCSA capabilities ensure you meet all regulatory requirements. Compliance is no longer a daunting task but a streamlined process that integrates into your daily operations.
- Save Time and Money: By unifying your purchasing and inventory processes, SureCost can save your pharmacy thousands of hours and dollars annually. Imagine the peace of mind that comes with knowing your operations are optimized and compliant, allowing you to focus more on patient care and less on administrative tasks.
Rx Assassins: Your Compliance Monitoring Partner
Staying on top of compliance can be overwhelming, but with Rx Assassins, you have a dedicated partner to help you navigate this complex landscape. Rx Assassins specializes in comprehensive wholesaler contract management, providing real-time monitoring and reporting to ensure your pharmacy stays compliant and maximizes savings.
What Rx Assassins Can Do for Your Pharmacy:
- IPC Compliance & Savings with Daily Order Management: This service helps IPC members save on brand and generic medications by managing compliance and orders through the IPC warehouse and primary wholesalers. Rx Assassins oversees daily RX orders, monitors compliance and savings, and provides daily reports.
- Real-Time Opportunities Reporting to Individual Store: This service analyzes client orders daily before submission to the primary wholesaler, identifying potential savings and reporting back to the client. This real-time service, which excludes wholesaler compliance, helps clients save time and labor costs.
- Multi-Store or Small Chain Compliance Management: This service allows Rx Assassins to monitor compliance of member stores or a chain on a daily and monthly basis. Reports are generated daily and provided to the client to help monitor both individual and group compliance. A tool is also provided to help project compliance.
CheckmyRxCost: AI-Driven Procurement Optimization
In the age of technology, leveraging AI to optimize your procurement strategy can be a game-changer for your pharmacy. CheckmyRxCost is an AI-powered procurement tool that provides real-time data on pricing, inventory levels, and rebate status, ensuring you always make informed purchasing decisions.
What CheckmyRxCost Can Do for Your Pharmacy:
- Optimize Orders: The AI-driven platform ensures you always benefit from the latest pricing information and inventory levels. This means you can make smarter purchasing decisions that enhance your pharmacy’s profitability.
- Enhance Efficiency: By integrating with your Pharmacy Management System (PMS), CheckmyRxCost streamlines the ordering process, saving you time and reducing errors. Efficiency in operations translates to better service for your patients and a smoother workflow for your team.
- Improve Margins: The analytical dashboards provide insights into your purchasing performance, helping you maximize rebates and minimize costs. This financial insight is crucial for maintaining a healthy bottom line and ensuring the long-term success of your pharmacy.
Comparison Guide: Choosing the Best Solution for Your Pharmacy
Feature | SureCost | RxAssassins | CheckmyRxCost |
---|---|---|---|
Primary Focus | Purchasing & Inventory Management | Wholesaler Contract Compliance | AI-Driven Procurement Optimization |
Compliance Monitoring | Yes | Yes | Yes |
Real-Time Data | Yes | Yes | Yes |
Integration with PMS | Yes | No | Yes |
Daily Reports | No | Yes | No |
AI Optimization | No | No | Yes |
Savings Opportunities | High | High | High |
Time Savings | High | High | High |
Each of these tools offers unique benefits to help your pharmacy achieve a winning purchasing strategy and optimize operations. By integrating these solutions, you can streamline purchasing, ensure robust compliance, and leverage AI-driven procurement optimization, unlocking new levels of efficiency, compliance, and savings. At IPC, we support your dedication to your community and patients, and we understand that you deserve time for your passions and loved ones. These tools not only enhance your pharmacy’s performance but also give you the freedom to enjoy life outside of work, reclaiming precious hours for what truly matters to you.
Not Ready yet?
Explore the IPC eBook “Creating a Winning Purchasing Strategy” and take the first step towards achieving financial success. This eBook will help is packed with insights and practical strategies to help you optimize h IPC and unlock the full potential of your independent pharmacy today and to further enhance your pharmacy’s purchasing strategy, Learn how to:
- Analyze your Supply Agreement
- Decode Brand & Generic Costs
- Tools for Cost Tracking & Management
- Sustainable Purchasing Strategies
Thank you for being a valued member of the IPC community. We’re here to support your journey to success.