Pharmacists Share Profit Secrets

As an independent retail pharmacy owner, you’re probably familiar with many of these aphorisms:

  • A penny saved is a penny earned
  • You’ve got to spend money to make money
  • The investor of today does not profit from yesterday’s growth

But when it comes to RxSafe, you might wonder which of these sayings applies. We’ve often said that our RxSafe 1800 system pays for itself in about year, and we’ve got the data to prove it.

However, we thought it might be better to simply let you hear from some of our customers. We’ve got four pharmacists – independent pharmacy owners like you – who among them have more than 8 years of experience with the RxSafe 1800.

Watch below as they explain, in their own words, how RxSafe has improved their profitability.

Profit _El Monte, Perkins, Diket, MS 0805 Final-1

Pharmacists talk about profits and ROI

“I’d say the RxSafe has saved me both time and money,” says Ken Thai, pharmacist and owner of El Monte Pharmacy in California. “The first year we experienced about $60,000 to $80,000 in savings, plus the time saved, which equaled basically one full-time technician, which was another $30,000 to $40,000 per year. Plus, it has allowed our staff, both pharmacy techs and pharmacists, to spend 20%-30% more time on profitable services such as med sync and MTM.”

“We had 8 pharmacy technicians (before purchasing the RxSafe) and now we have 6 technicians,” says Ed Potts, pharmacist and owner of Ed’s Rx/Medicine Shoppe in Illinois. “The RxSafe has probably saved me 25 or 30 hours a week…. I love this machine.”

Saving staff time isn’t the only way RxSafe improves profitability.

The most attractive feature of the RxSafe was the ability to remotely handle all of our inventory, and to have it all neatly organized, and to be able to run reports – in a matter of minutes – that used to take me and a couple of technicians multiple days to complete,” says Andrew Finney, pharmacist and owner of Perkins Drugs in Tennessee. “One of the things we’re able to do now that we were not able to do prior to purchasing the RxSafe is to effectively scale our med sync program so that we’re more profitable as a pharmacy.”

But does RxSafe 1800 really pay for itself?

“In the first year, I believe the RxSafe has paid for itself,” says Trey Crawford, pharmacist and owner, Diket Drugs in Mississippi. “Actually, with the increase in volume, we’ve probably saved $150,000 to $200,000. We had a day where we had 981 prescriptions filled. I don’t think there’s any way we could have done that, prior to having the RxSafe.”

Ken Thai’s experience was similar. “I’d say we got our return on investment in roughly about a year, with most of that right up front,” he says. “Even after the first year, we are constantly seeing increases to our profitability.”

Read more about the RxSafe 1800, and be sure to visit our profit page to see how your pharmacy can run more profitably with our pharmacy automation systems. To speak to a sales representative or schedule a demo, call 877-797-2332.

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