How to Choose Order Processing Software That Faster Fits Your Pharmacy Needs?

In the pharmaceutical industry, it is crucial to effectively manage inventory to improve efficiency, reduce cost, and minimize overstocking or human errors.  When the appropriate order processing software is used for managing inventory, it helps to maintain a seamless workflow and ensure patient safety. It also helps in tracking expiration dates, preventing the dispensing of expired medications, and reducing waste. Here are some features that must be considered when investing in an order processing software for a Pharmacy

Electronic prescription

Prescription mistakes are among the top 5 medical mistakes, with more than 100,000 instances annually reported by the FDA.  An electronic prescription can help in resolving this issue by providing an easy-to-use prescription for healthcare providers and patients. It also eliminates misleading paperwork and enables quick dispensing of the appropriate medicine. Additionally, it enables pharma shops to manage medicines, enhance productivity, and deliver maximum satisfaction to the customers.

Automated SMS Messages and Alerts

The automated inventory system enables pharmacies to set reminders and send alerts to patients when their prescribed drugs are about to expire. It assists pharmacists in receiving feedback from patients and encourages a personalized interaction between them.

Expiry Control

All medicines come with an expiry date, beyond which they are not usable for treatment. Expired medicine can put a pharmacy business at a huge loss. It is important to look for expiry control features in order processing software, so you can track expiry dates and sell the items accordingly. The software enables pharmacies to monitor expiry periods and only stock items on a first-in, first-out basis.

Stock Re-Order Management

Balancing re-order and supply is essential to maintaining critical medications in stock. An order processing software usually comes equipped with stock re-order management capability, of pharmacy inventory management software steps in. It gives a clear view of how products are selling, which ones are low in demand, and which will be out of stock soon. When pharmacies have access to such information, it helps them to establish a minimum stock level, which tells them when it’s time to order new supplies.

Centralized Database and Backup

A secure central database for organizing patient data makes it easy to retrieve it whenever needed.  It helps to conveniently schedule data backups to prevent unexpected data loss. It stores crucial drug data, which enhances patients’ convenience and improves inventory management. It also enables efficient drug report generation and improves decision-making with real-time insights.

Data Reporting and Analytics

Pharmaceutical inventory mgmt software functionality is not complete without its data reporting and analytics feature, which assists in the following way

• It provides data-driven reports on the average requirement of drugs and wholesale performance.
• Automatically controls drug inventory with information regarding ROI, sales, and other business measures.
• It performs a complete inventory of products and determines re-order points based on product and category.
• It creates customized reports to recognize marketing insights, budgeting blueprints, and suspicious trends.

Real-Time Multi-Store and Multi-Location Synchronization

Multiple-store pharmacies or those with multiple locations can utilize the synchronization function of pharmacy retail software to share data and inventories among all sales outlets. It facilitates these functions by enabling the electronic transmission of data on income, returns, supplies, and sales. A pharmacy dispenses software equipped with such a feature that provides detailed reports through a centralized database.

Data Integration with Third-Party Software at Scale

It’s also significant for mid-to-enterprise level pharmacies that conduct business at scale to integrate the pharmacy inventory management program with other third-party software. Your chosen software should be able to easily integrate with systems such as an EHR/EMR system, prescription drug monitoring programs, point of sale software, etc.

Compliance and Regulatory Feature

As pharmacies are required to adhere to several rules and regulations, compliance and regulatory features are necessary in pharmacy software. A modern inventory management keeps your pharmacy business updated with state, federal, and PBM regulations

Customer Support System

An order processing software should be easy to handle patient information, feedback, and responses. It should also facilitate automatically updating patients’ lists and is best suited for managing patient treatment. All of these things help to improve customer satisfaction.

In short, order processing software for pharmacy provides proficient inventory management, enhances manufacturing processes, and upgrades the design capabilities. From processing orders to managing sales, the software holds the process on a smooth track.

Emerge App to Set Your Pharmacy Apart from Competitors

EMERGE is a comprehensive pharmacy management system with features like fast billing, inventory management, and customer reminders. It enables pharmacies to automate and streamline the process of managing medication stocks, reducing errors, and improving efficiency. It helps track stock levels, identify expired medications, manage deliveries, and integrate with e-prescriptions. This software also provides tools for billing and insurance processing, as well as analytics to understand customer demands and optimize inventory.