The Hidden Cost of Inventory You Can’t See
The Quick Take Multi-store operators and co-ops running different pharmacy management systems often have no unified view of their inventory. That means capital trapped in overstock at one location while …
The Rising Cost of Idle Inventory. Here’s the Math
The Quick Take Purchase price matters. In a tight reimbursement environment, every penny on a purchase order counts. But purchase price is not the whole picture. With the average cost …
The Wedge Strategy: Why DSCSA is the Perfect Starting Point for Pharmacy Modernization
Modernization in the pharmacy space is often paralyzed by a common misconception: the belief that innovation requires a “rip and replace” of every legacy system at once. For many owners …
Why “Good Enough” DSCSA Compliance is a Risk to Your Pharmacy Operations
The “wait and see” era of the Drug Supply Chain Security Act (DSCSA) has officially ended. For years, the industry relied on stabilization periods and enforcement discretion. Today, the operational …
Deep Dive with George Lazenby on the Pharmacy Podcast Network
Listen to our CEO, George Lazenby, on the Converge podcast, fresh from the NACDS Total Store Expo. Skip ahead to 52:50 to hear his take on industry happenings.
Future-Proof Your Pharmacy for a Potential Recession
Pharmacy leaders must examine the anticipated downturn’s implications and prepare accordingly as consumer belts tighten.
How Competition, M&A & Evolution are Reshaping Pharmacy
The pandemic shone light on the burdens pharmacists’ face, but if we zoom out, we can understand how COVID was just a milestone on a more than 30-year timeline of industry evolution characterized by historic M&A.
How Automation is Shaping Pharmacy
As pharmacists are increasingly viewed as providers, they must utilize automation to streamline operations and offload repetitive tasks.
How Independent Pharmacies Can Save 6% Annually Through Smarter Drug Purchasing
Facing shrinking margins, OrderInsite is helping its community pharmacy customers address their most expensive line item and better their bottom line by up to 6% of their annual drug costs.
Tech to Power Pharmacy’s Last Mile
As we emerge from the pandemic, the expectation and demand for delivery of items, including prescriptions, will continue to grow. The technology is available to pharmacies. They just need to harness it. The ones that don’t will lose customers and revenue, and will ultimately be left behind.