A Winning Purchasing Strategy is the Cornerstone of your Pharmacy’s Success:
Tools to Enhance Your Pharmacy and Reclaim Your Time and Passion
As an independent pharmacy owner, you know that the landscape of pharmacy management is constantly evolving. Staying compliant with GCR (Generic Compliance Ratio) is part of creating a winning purchasing strategy for your pharmacy and not just a regulatory necessity but a cornerstone of your pharmacy’s success. At Independent Pharmacy Cooperative (IPC), we understand the unique challenges you face and are committed to empowering you with the tools you need to thrive. We are excited to introduce three powerful solutions designed to help you achieve and maintain compliance: SureCost, Rx Assassins, CheckMyRxCost and Pharmacy Marketplace. Let’s explore how each of these tools can transform your pharmacy operations and support your journey towards greater success.
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.
Pharmacy Marketplace: Competitive Purchasing Made Simple
Pharmacy Marketplace is a bid-based purchasing platform that connects independent pharmacies with multiple wholesalers, allowing you to compare real-time pricing and secure the best deals on medications. By streamlining the procurement process, it eliminates manual price checks and ensures cost-effective purchasing.
What Pharmacy Marketplace Can Do for Your Pharmacy:
- Maximize Savings: Access competitive bids from multiple wholesalers to lock in the lowest drug prices.
- Simplify Purchasing : Reduce time spent on manual comparisons with an all-in-one bidding platform.
- Improve Cash Flow: Optimize inventory spending and avoid overpaying due to outdated contracts.
Competitive Purchasing Made Simple
To learn more about Rx Pharmacy Marketplace, visit our landing page.
Comparison Guide: Choosing the Best Solution for Your Pharmacy
| Feature | SureCost | Rx Assassins | CheckmyRxCost | Pharmacy Marketplace |
|---|---|---|---|---|
| Primary Focus | Purchasing & Inventory Management | Wholesaler Contract Compliance | AI-Driven Procurement Optimization | Competitive Bidding Platform |
| Compliance Monitoring | Yes | Yes | Yes | Yes |
| Real-Time Data | Yes | Yes | Yes | Yes |
| Integration with PMS | Yes | No | Yes | Partial (Varies by PMS) |
| Daily Reports | No | Yes | No | Yes |
| AI Optimization | No | No | Yes | Yes |
| Savings Opportunities | High | High | High | High |
| Time Savings | High | High | High | High |
Each of these tools offers unique benefits designed to help your pharmacy achieve a winning purchasing strategy and optimize your operations. Whether you are looking to streamline purchasing and inventory management with SureCost, need robust compliance monitoring with Rx Assassins, connect with multiple wholesalers at once to compare pricing in real-time or want to leverage AI-driven procurement optimization with CheckMyRxCost, there is a solution tailored to your needs.
As an independent pharmacy owner, your dedication to your community and your patients is unparalleled. At IPC, we are here to support you every step of the way. By integrating these tools into your operations, you can unlock new levels of efficiency, compliance, and savings, ultimately taking your pharmacy to new heights.
Go beyond the walls of your pharmacy, you are more than just a business owner. You have passions, hobbies, and loved ones who deserve your time and attention. These solutions are not just about improving your pharmacy’s performance; they are about giving you the freedom to enjoy life outside of work. Imagine having more time to spend with your family, travel to new destinations, or engage in activities that bring you joy and fulfillment. By streamlining your operations and reducing the time spent on administrative tasks, these tools help you reclaim precious hours that you can invest in what truly matters to you.
Are you ready to elevate your pharmacy’s success and reclaim your time? Explore these tools through IPC and unlock the full potential of your independent pharmacy today and to further enhance your pharmacy’s purchasing strategy, we invite you to explore our comprehensive guide on building a winning purchasing strategy. This eBook is packed with insights and practical tips to help you optimize your purchasing processes and achieve greater financial success. Download the eBook now and take the first step towards transforming your pharmacy’s purchasing strategy. Visit IPC’s Winning Purchasing Strategy to get started. Thank you for being a valued member of the IPC community. We’re here to support your journey to success.
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