To fully optimize their investment and responsiveness to customers, pharmacies need to have a full chain wide view of their prescription drug inventory.
Too many times, pharmacies lack this visibility and, as a consequence, carry excess inventory or miss opportunities to fill prescriptions with existing inventory and instead place another order with their supplier. Excess inventory levels unnecessarily reduce cash flow and lead to excessive product expirations.
OI Exchange™ provides pharmacies with a central view of their entire prescription drug inventory.
Excess or slow moving items are quickly identified for transfer to other higher volume stores or return to the supplier before expiration.
On hand quantities are updated with daily dispensing data to create an accurate view of on hand quantities across all generic product categories and stores.
OI Count™ analyzes dispensing activity and on-hand quantities to identify inventory items for specific on hand counts. Once the list of items is formulated, work lists are then distributed to each store for items that need to be physically counted.
Workflow tools are designed to allow for quick and easy transfers to higher volume stores or to create returns back to the supplier.
Once the counts are performed, results are recorded and compared to existing on-hand amounts in the pharmacy system. Discrepancies between physical counts and on-hand quantities in the system are then identified for follow up and research.
The solution is designed to easily integrate with your existing pharmacy management systems and processes causing the least disruption while delivering superior value.
This consistent, data driven approach puts more control in the hands of management and leads to optimal inventory levels, customer service and profit.
There are three key components to our purchasing management suite. It analyzes drug orders and applies business rules to ensure standardized purchasing behavior occurs every day. In addition, it interfaces with 340B administrators to manage 340B drug ordering when using multiple suppliers to reduce swell. Finally, our suspicious order monitoring functionality helps to dynamically create and prevent control substance threshold monitoring while ensuring that purchasing behavior matches dispensing behavior in the pharmacy.
OI Comply monitors patterns in your data to identify possible diversion. The solution will highlight suspicious items when ordering and dispensing amounts do not align or adjustments are out of norm.
Analyze™ is a powerful cloud based analytics engine that easily integrates with a pharmacy’s existing systems to provide advanced reporting at a reasonable price.