{"id":15553,"date":"2021-10-28T18:03:33","date_gmt":"2021-10-28T12:33:33","guid":{"rendered":"https:\/\/www.arkasoftwares.com\/blog\/?p=15553"},"modified":"2024-10-10T11:46:35","modified_gmt":"2024-10-10T11:46:35","slug":"pharmacy-compounding-software-for-acute-medical-assistance","status":"publish","type":"post","link":"https:\/\/www.arkasoftwares.com\/blog\/pharmacy-compounding-software-for-acute-medical-assistance\/","title":{"rendered":"Pharmacy Compounding Software for Acute Medical Assistance"},"content":{"rendered":"

The Healthcare industry<\/a> is one of the very few areas which has availed the enormous benefits of Technology integration.<\/span><\/p>\n

No one can deny that Healthcare has been transformed completely since the introduction of Information Technology in the last couple of decades. <\/span><\/p>\n

If we see back in time, we can observe how the usage of advanced Technology<\/a>, Tools, and Methods has completely changed the way we used to take consultation and treatment. <\/span><\/p>\n

Gone are the days when we used to stand in long queues to get an appointment with the physician and get our medicines and reports. <\/span><\/p>\n

We still remember that pharmacy used to be a big pain area for most of the patients when after waiting for a couple of hours, the pharmacist used to tell us that the prescribed medicine is out of stock. <\/span><\/p>\n

Well, this is an area where Technology came as a redeemer, with the Pharmacy Compounding Software<\/a><\/span> <\/b>it, has become very easy for pharmacists to assist their customers and save their time and effort.\u00a0<\/span><\/p>\n

The healthcare software ecosystem is a well-coupled network of interconnected components, that function together to achieve a specific objective and perform according to the given workflow. <\/span><\/p>\n

These software components perform over multiple layers of critical data, which should be maintained well and secured to prevent any misuse. <\/span><\/p>\n

Today we will be discussing the Pharmacy workflow and the plethora of Compounding software, that is used to offer acute medical assistance to the patient.<\/span><\/p>\n\n

<\/span>What is Pharmacy Workflow?<\/span><\/span><\/h2>\n

Pharmacy workflow is a process of filling a drug prescription, once it is received at the pharmacy intake area, order the customer either online or by telephone, until the time that it is delivered or handed over to the awaiting customer. <\/span><\/p>\n

As far as functioning is concerned, the pharmacy workflow is the most important and fundamental part of any healthcare service provider\u2019s drug dispensing routine.<\/span><\/p>\n

It is important to have an efficient pharmacy workflow for any healthcare service provider, as it can impact the customer experience and the revenue as well, also showing how well your backend processes are managed.<\/span><\/p>\n

An efficient Pharmacy workflow the one which displays accurate information and offers good services to the customer with utmost professionalism and proficiency. Customers should receive correct prescription fills within the given time, which enhances customer service satisfaction levels.<\/span><\/p>\n\n

<\/span>Six Steps of Pharmacy Workflow<\/span><\/span><\/h2>\n

Fundamentally, we have six steps involved in a Pharmacy workflow, though it depends upon the size of the pharmacy and the number of prescriptions being filled on a frequent basis.\u00a0<\/span><\/p>\n

\"Pharmacy<\/p>\n

Intake<\/span><\/h3>\n

The initial step of the Pharmacy workflow system is taken at the Intake area, which is usually handled by a Technician. <\/span><\/span><\/p>\n

In order to improve productivity and enhance client interaction, pharmacists have started positioning themselves in the Intake area to meet the clients face-to-face and then review the incoming prescription information firsthand. <\/span><\/span><\/p>\n

This step helps them to offer better-personalized service to the customer and allows pharmacists to observe and remove any potential inaccuracies in the documentation.<\/span><\/span><\/p>\n

Input<\/span><\/h3>\n

This is the step, which is most vulnerable, as far as an opportunity to commit mistakes is concerned. Pharmacists read and interpret the prescriptions from papers and then enter them into the system via computer.<\/span><\/span><\/p>\n

Pharmacies usually set up computer terminals, barcode scanners, and other important devices here to ensure this work is done with utmost due diligence and care. <\/span><\/span><\/p>\n

This is the stage where pharmacists and Technicians both work in tandem, and it is important to ensure that their work should not be impacted by any unnecessary interruption.\u00a0<\/span><\/span><\/p>\n

Filling<\/span><\/h3>\n

As the name suggests, this step is all about filling up the medical supplies<\/a> to fulfill the orders in the given timelines.<\/span><\/span><\/p>\n

Verification<\/span><\/h3>\n

This step is taken by the pharmacist, who performed all the due diligence and ensures that everything is done properly, all the required medicines are filled and appropriate changes have been made in the system to reflect any changes in the availability of medicines.<\/span><\/span><\/p>\n

Pickup<\/span><\/h3>\n

In this step, the customer who have placed the purchase orders, can collect their medicines and other clinical staff, and make the payment<\/a>.<\/span><\/span><\/p>\n

As this involves the financial aspect, hence it is important to perform this setup with the utmost care, also this is where the changes in the finances and stocks are updated in the system.<\/span><\/span><\/p>\n

Patient Consultation<\/span><\/h3>\n

This is not a regular step, but still, it\u2019s a part of the Pharmacy Workflow. Patients can contact the pharmacy for any further consultation regarding a specific medicine, its aftereffects, or availability. Pharmacies are legally required to maintain patient privacy.<\/span><\/span><\/p>\n\n

\"hire<\/a><\/p>\n\n

<\/span>What is Compounding Pharmacy Software?<\/span><\/span><\/h2>\n

The role of conventional pharmacies was to make drugs prescribed by physicians for a specific patient<\/a>, whose needs can\u2019t be met by commercially available drugs. <\/span><\/p>\n

Compounding pharmacies not only offer customized medications, but also provide critical service while meeting the regulatory and compliance requirements, recordkeeping, and inventory management <\/a>needs.<\/span><\/p>\n

\"Compounding<\/p>\n

On the same lines, Compounding Pharmacy Software<\/a> is a program, which helps a pharmacy to take care of its conventional responsibilities along with the newfound objectives in the current era.<\/span><\/p>\n

It helps a pharmacy<\/a> <\/span>to keep a record of its patients, automate several workflows, help it to meet all the regulatory compliance, and even help to maintain the temperature of medicines.<\/span><\/p>\n\n

<\/span>Features of Compounding Pharmacy Software\u00a0<\/span><\/span><\/h2>\n

An effective compounding pharmacy software should offer the following features.<\/span><\/p>\n

Inventory Management<\/span><\/h3>\n

This keeps a track of all the pharmacy medications, which includes inventory kept in bulk storage and even stored in refrigerators.\u00a0 This system automatically deducts the amounts of drugs used for each compound and order.\u00a0<\/span><\/span><\/p>\n

This keeps scanning the pharmacy\u2019s inventory to keep an eye on the availability and raises an alarm if any drug is approaching its expiry date or availability goes below the set threshold value.<\/span><\/span><\/p>\n

Patient Records Management<\/span><\/h3>\n

This helps the pharmacy staff to maintain the record of all the patients, the exact blend of drugs dispensed to them, and records the information of patient interaction.<\/span><\/span><\/p>\n

It offers easier access to information about patient medications, which accelerates the refill process, and ensures correct medicine dispensing.<\/span><\/span><\/p>\n

Regulatory Compliance Adherence and Recordkeeping<\/span><\/h3>\n

It is mandatory to have accurate recordkeeping to meet any regulatory, legal, and industry-specific compliance.\u00a0 An efficient compound pharmacy software stores all documentation<\/a> and information related to electronic prescriptions, core processes, and workflows, medicine dispensing records, inventory records, and even the follow-up with the prescribers and customers. All this information is mandatory to meet various kinds of regulatory and compliance requirements.<\/span><\/span><\/p>\n

Automatic Medicine Ordering<\/span><\/h3>\n

A compounding pharmacy solution is seamlessly integrated with the suppliers and distributors for uninterrupted and automatic medicine ordering.\u00a0 This includes the capability to raise an automatic order if a drug level reaches below a pre-determined level.<\/span><\/span><\/p>\n

Integration with National Drug Code<\/span><\/h3>\n

For any pharmacy, it is mandatory to comply with the Food and Drug Administration\u2019s National Drug Code Directory. Compounding pharmacy software must have this feature, as it helps pharmacists to verify the NDC codes of all drug mixture components and take decisions while dispensing the correct medicine.<\/span><\/span><\/p>\n

Temperature Monitoring<\/span><\/h3>\n

Such software helps with the specialized storage needs of multiple compounded medications.\u00a0 This involves the usage of temperature-control sensors, which register the temperature readings automatically and raise an alarm if any sort of disruption occurs.\u00a0<\/span><\/span><\/p>\n\n

\"software<\/a><\/p>\n\n

<\/span>Components of Compounding Pharmacy Software<\/span><\/span><\/h2>\n

The functioning of compounding pharmacy software can never be defined under limited sections. It has a vast scope and each module and function needs to be automated to enhance the productivity and efficiency of the pharmacy. <\/span><\/p>\n

Over the years, healthcare service providers have understood the utility of this software and that\u2019s the reason why we have seen a massive implementation of compounding software systems. <\/span><\/p>\n

As we said, compounding pharmacy software is made up of various components or modules, here in this section we will discuss those components in detail.<\/span><\/p>\n

Pharmacy Compounding Software System<\/span><\/h3>\n

This is a customized module that is critical for the management of pharmacy workflows, medicine dispensing functions, management of approved medication and master patient index, inventory management, supplier management, pharmacy analytics, formulary database, and National Drug Code.<\/span><\/span><\/p>\n

Pharmacy Data Management Module<\/span><\/h3>\n

This contains the support of Business Intelligence engines along with data management dashboard creation capabilities. It helps to analyze the potential revenue drivers, treatment outcomes, qualitative measurements of medicinal components, patient persistence rates, insurer response time, patient spending trends and analysis, and drug waste ratio. <\/span><\/span><\/p>\n

This component helps a pharmacy to generate regular and ad-hoc reports and analyses, which illustrate pharmacy KPIs with infographics and comprehensive business analysis, which provide in-depth information, that helps in decision making.<\/span><\/span><\/p>\n

Pharmacy Compounding Module<\/span><\/h3>\n

It is developed to manage the chemical inventory database, which is comprised of chemical components, log numbers, and wholesale prices, compare generic and branded drugs, calculate the formula costing, and develop consistent labels with unique barcodes.<\/span><\/span><\/p>\n

\"Compounding<\/p>\n

Pharmacy POS Integration Module<\/span><\/h3>\n

The Point of Sale platform is equipped with electronic signature capture ability and inventory management APIs, which are used to integrate it with POS devices<\/a>. It also has seamless access to the HAS\/HRA (Health Savings\/Reimbursement Account) and FSA (Flexible Spending Account) networks. <\/span><\/span><\/p>\n

This module is then integrated with the CRM, EHR, and EMR systems to coordinate and fetch the prescription histories of patients to make decisions about the medication accordingly.<\/span><\/span><\/p>\n

Pharmacy Benefits Management Module<\/span><\/h3>\n

The Custom Pharmacy Benefits Management module is usually integrated with 3<\/span>rd<\/span> party PBM implementation and an e-Prescribing <\/a>system. Pharmacies use this to develop cost-effective formularies, build drug benefits plans and track network-wide clinical outcomes.<\/span><\/span><\/p>\n

Pharmacy Document Management Module<\/span><\/h3>\n

This module is designed to access and manage patient information. It is integrated with EHR\/EMR system<\/a> (Electronic Health and Medical Records) to maintain notes from physicians and pharmacists, accept electronic faxes, maintain EBR (Electronic Batch Records), and audit trails. <\/span><\/span><\/p>\n

It also allows seamless integration with scanning technology, so that pharmacies can capture and organize the information from physical documents and forms.<\/span><\/span><\/p>\n

e-Prescribing Integration Module<\/span><\/h3>\n

This module is based on e-RX network architecture, that allows secure transmission of EPCS (Electronic Prescriptions for Controlled Substances) between pharmacies, healthcare service providers, and 3<\/span>rd<\/span> party insurance providers<\/a>.<\/span><\/span><\/p>\n

The e-Prescribing module is designed to accelerate the medicine filling, order modification, cancellation, and renewal of medical scripts, along with the procurement of prior authorization.<\/span><\/span><\/p>\n

Pharmacy Revenue Cycle Management Module<\/span><\/h3>\n

This component streamlines the prior authorization, claims processing, remittance advice, insurance eligibility verification, benefits coordination, appeal management, and Risk Evaluation and Mitigation Strategies. It also takes care of insurer reimbursements, process payments, and invoice automation.<\/span><\/span><\/p>\n\n

<\/span>Benefits of Compounding Pharmacy Software<\/span><\/span><\/h2>\n

We have a number of qualities that make Compounding Pharmacy Software a win-win proposition for any Pharmacy. We must use such software to avail the following benefits :<\/span><\/p>\n