Pharmacy Marketplace Software
Are you looking for broader price transparency to manage costs, maximize savings and get the best prices for medications from your distributors?
MedleyMed’s pharmacy cost comparison and forecasting software puts you in control of pharmacy purchases with access to competitive pricing from multiple primary and specialty sources in one convenient place.
Being an independent pharmacist brings its own unique rewards; but remaining independent can be a challenge. If you are looking for innovative ways to improve margins and grow your business while meeting the special needs of the customers in your community, you are not alone.
- According to the NCPA, the total number of independent community pharmacies declined by 6% from 2011 to 2018. Source: Drug Channels December 2019
- A typical independent pharmacy generates more than 90% of its revenues from prescriptions. Source: Drug Channels December 2019
- [W]e estimate that in 2017, gross margins on prescription sales were 20.9%. The prescription gross margin figures have consistently declined, from 22.3% in 2013. Source: Drug Channels December 2019
- On a per-pharmacy basis, the owner’s discretionary profit (ODP) shrank from $200K in 2015 to $129K in 2018. For 2018, total non-owner payroll expenses were comparable to the 2017 figure. Therefore, the hit to owners’ earnings came from the lower volume of prescriptions per pharmacy. Source: Drug Channels December 2019
Independent pharmacists face mounting pressures to control costs. You need a software platform that can help you improve margins without sacrificing your customers’ experience.Â
- Are you spending too much of your day negotiating with multiple vendors and navigating from website to website to secure the best pricing on generics, specialty and brand name drugs?
- Do you have real time access to inventory from multiple suppliers in a single source to manage inventory and track prices?
- Do you have a user-friendly, customizable integrated platform for automated efficiency or are you relying on a patchwork of different software to run your business?
The right solution should make your job easier and grow your pharmacy. What you don’t need are more expenses or additional work from new software that promises to save money if you do X, Y, and Z.Â
MedleyMed provides a suite of software tools for both pharmacy businesses and patient care. It’s your all-in-one source for easy to use buying and selling of medications and pharmacy products offering your customers more access and better prices.
- Automated, multi-vendor, Purchasing Decision Power
- Contract & Vendor Compliance Controls
- Cost-Centric, forecast based Inventory Management
- Decreased COGs with Improved Cash Flow
- Single view for Primary and Specialty sources
- Easy Comparison, Easy Ordering for brands, generics, and specialty drugs
- Broader Price Discovery resulting in Better Margins!