Watch an independent pharmacy owner explain the RxSafe inventory management eco-system.
The RxSafe 1800 requires less on-hand inventory, driving increased inventory turns. RxSafe’s proprietary software interfaces with your PMS.
RxSafe’s family of products maximize cost savings related to: theft and diversion, expired products, inventory carrying costs, and narcotics security and management. This results in improved patient safety and more money to your bottom line.
Adding the RxSafe to our pharmacy has allowed us to reduce the number of employees, monitor inventory levels remotely, and have the assurance of knowing that the machine is a deterrent for theft.
A specific area that we’ve been able to see a tremendous savings in time is through assigning tech’s to other areas. Prior to implementing the RxSafe they were handling inventory management responsibilities. Now we’ve been able to move a tech to our Med Sync program, effectively eliminating 30-40 hours per week of technician time.
Paw Paw Village introduced the RxSafe 1800 two tower system in one of our 6 stores a year ago. We’ve seen the cost of generics increase the cost of on-hand inventory by an average of $30k in all of our stores except the one with the RxSafe. That store has actually seen a $50k decrease in on-hand inventory costs. This totals $80k in savings attributed to the RxSafe. We’ve also seen our inventory turns increase from 17 turns per year to 23+ turns per year. In addition, we’ve been able to reduce our labor costs by an average of 200 to 250 labor hours per month, which basically covered the payment on the unit. Therefore in four years that labor savings will go directly to cash flow.
We’ve experienced improved efficiency in our pharmacy through pairing RxSafe and ScriptPro automation. Inventory management, accuracy and productivity are at their highest levels and we now have one less full-time technician.