How We’ve Designed Version 3.0 to Deliver More Benefits Tailored for Independent Pharmacies
At Datarithm, we know first-hand the value independent pharmacies bring to your communities. Founded by a pharmacist, a medical sales professional, and a software engineer, we share the belief that health and wellness begin with you. We champion small businesses because we are one ourselves. And because when pharmacies survive, communities thrive.
Which means we also understand the unique challenges you face. Intense competition from chain pharmacies and stores, with bigger budgets, marketing and buying power, inventories, and operational prowess. Rising drug costs, DIR fee changes, and decreasing reimbursement rates that threaten your margins and financial viability. Stringent penalties for regulatory non-compliance. Staffing shortages and employee burnout. Your own burnout. Plus, the need to stay relevant to a changing customer base with growing expectations, including for modern technology.
We believe that technology can enable independent pharmacies to thrive and take on all those challenges. It’s important though, that the technology you implement doesn’t add complexity or cost, but instead, helps with revenue opportunities, benefits your bottom line, has a clear ROI, and makes both your job and your staff’s job easier.
This is why we are thrilled to announce our release of Datarithm Version 3.0, a significant milestone in our journey to revolutionize pharmacy inventory management. With over 90% of the development already completed, we can't wait to unveil the enhancements and innovations we've been working on for the past 1.5 to 2 years.
Why Datarithm Version 3.0?
We embarked on this journey to modernize our platform, addressing the outdated widgets and technology stack. The result is a fresher, newer look, and a responsive design that works seamlessly on tablets and phones. Most importantly, 3.0 introduces new features that our valued clients have been eagerly requesting.
Key Benefits of Datarithm Version 3.0:
1. Support for DSCSA (Drug Supply Chain Security Act) Compliance
The DSCSA (Drug Supply Chain Security Act) introduces complex serialization and verification requirements that can be challenging for pharmacies to implement manually. With Datarithm Version 3.0 though, supporting compliance with drug recalls has never been easier. Through our system, you can now track your inventory meticulously, facilitating swift responses during audits, ensuring patient safety, and providing more easily accessible data, including purchase dates and expiration details, to optimize returns, recalls, and expirations.
2. Improved Task Wizards
Wizards for completing returns, transfers, liquidations, and cycle counts have been overhauled to make the completion of these tasks easier and faster, ensuring that surplus inventory is reduced quickly with fewer errors.
3. Enhanced Reporting and Analytics
We understand that data is only actionable if it is presented in a useful and intuitive way. Datarithm Version 3.0 comes with a more comprehensive set of out-of-the-box reports and charts highlighting surplus inventory, stock-outs/IOUs, balancing recommendations, and application usage by your staff—just to name a few. There is also a vastly improved custom report builder that allows you to build your own reports based on a variety of metrics.
You could get so much more from your inventory control software.
Just like you, we believe that personalized support and care make a difference. We pair the power of our platform with a prescriptive process, daily insights, hands-on training, and personalized guidance, finding you the cash flow you need to fuel the future of your business.
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Get a Daily Action Plan: You’ll get the information you can act on as soon as tomorrow and financial results you can see in less than two weeks.
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Add Time & Efficiency: Free up your pharmacy team to focus on patient care and counsel by automating routine or redundant tasks.
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Improve the Bottom Line: Better manage turns and fill rates to move cash off the shelf and into your bank account.
On average, Datarithm clients see 20-30% less cash on their shelves, a payback time of less than 3 months, and a better ability to make better management decisions, faster purchasing decisions, and greater operational efficiency. You’ll also have an ally and an advocate in pharmacy management giving your team the reinforcement it needs to organize inventory, optimize cash flow, navigate evolving compliance challenges and DIR fees, and diversify your services.
