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The Ultimate Buyer's Guide to Smarter Pharmacy Purchasing Decisions

Why Pharmacy Purchasing Software Matters in Today's Pharmacy Climate

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Pharmacies today face unprecedented challenges like rising drug costs, ongoing staffing shortages, drug shortages and complex DSCSA compliance requirements. Without the right tools in place, you risk overspending and potential compliance violations.

This buying guide cover key considerations when choosing a pharmacy purchasing solution
  • Vendor Compliance & Formularies
  • Drug Shortages & Alternative Sourcing
  • Real-Time Cost Savings
  • Integration with Existing Systems
  • Ease of Use & Support

 

Solution Comparison

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Compliance alone can cost your pharmacy thousands.

 

The Definition of a Successful Pharmacy Software

The right tools can help pharmacies find savings while remaining compliant. A purchasing management solution with intelligent automation and configurable real-time reporting is key.

A unified purchasing management solution centralizes all vendor agreements under a single interface. It automatically captures vendor agreement terms and analyzes pharmacy purchasing options against vendor contracts, revealing real-time compliance performance and modeling how a potential purchase will affect compliance before submitting a purchase order. Instead of manual (and error-prone) calculation between different tabs, a single concise dashboard automatically calculates metrics including source ratio compliance, minimum spend requirements and generics ratio.

Compliance Insights Audit: Real-Time Vendor Agreement Data Every Pharmacy Needs

Source ratio compliance
Generic ratio compliance
Source rebate tiers
Primary vendor spend

Other vendor spend
Generic purchasing ratio
Brand purchasing ratio
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SureCost

Book a 30-minute introductory meeting today. Let’s talk.

Pharmacies can save more and make strategic purchasing decisions, but they must leverage smarter purchasing to make vendor compliance work for their pharmacy. That starts with choosing the right solution and partners.

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