How to improve pharmacy efficiency?
We present this 20-point checklist that can be implemented with excellent information in the next 1-3 years (depending on where you are now). The first 10 items will be discussed this month and the rest next month.
We understand that you have already implemented most or many of them, but without high-quality information and efficient processes, we have noticed that they will be performed inconsistently and a lot of money will remain. Increasing pharmacy efficiency is the key to success.
What will be the most effective business strategies?
Learn the top 10 tips for a pharmacy’s business strategy. One of them will be Receive CDs, ERDs and other EPSR2 scripts on time. On average, pharmacies can leave around £ 800 a year per ward. This area gets more and more complicated with more CDs and ERDs (repeats). Another aspect will be getting cash from missed scripts.
Typically, over £ 2,000 of cash flow per branch remains at the end of the month and until the 5th of the month in EPS scripts that were collectable but carried over into later months. The next step is to obtain the right to exemptions.
There are several reasons why dismissal of patients does not automatically update EPSR2 scripts. Therefore, having an easy way to identify which scripts haven’t been marked released in a month is important to avoid losing unnecessarily cash. Moving Dead Stock every quarter is also important.
This is typically worth £ 1,000- £ 2,000 per ward per year if done correctly. It is worth implementing pharmacy efficiency, thanks to which you can multiply your profits.
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