Increase the profitability of your business data today
Money drains out of your business from loans, incomplete HSE claims and many other places. In fact, the average pharmacy leaves up to €25,000 behind. So, it is essential to manage stock, loans, owings and front of shop sales, without compromising customer service.
Patients are the lifeblood of your business, but do you understand where your business is coming from? Do you know who is leaving you and why? RWA puts the information at your fingertips so you can make sensible investment decisions to increase the number of new patients.
RWA keeps an eye on every aspect of your trading, in a format that’s easy to digest, and is actionable to ensure the profit drops to your bottom line. The same applies to Front of Counter (FOC).
RWA have given us the clarity and measurement we needed to squeeze an extra €250k sales and margin out of our business.- Niall Mulligan, COO, Mulligan's Pharmacy
Real World Analytics exceeded our expectations in terms of their ability to quickly being able to provide Allcare with intelligent analysis of data that existed locally but was proving difficult to access centrally in a meaningful and interpreted fashion. This has led to our ability to prioritise actions that have immediately delivered in terms of improved profitability. The payback in the first year is well in excess of 10 times its cost- Tony McEntee, Former CEO of Allcare Pharmacy
Your PMR generates lots of reports in the pharmacies and at head office but there is just too much noise and not enough succinct information to get the most out of the business. This is where we can help.
This is where we can help. Based on our Rx DSS, we have designed the hierarchy below to guide you through each level of your pharmacy’s business needs. We guide you to the key areas of opportunity and empower you to drive efficiency and profitability in each area.
When you reach the pinnacle, you are positioned as a market leader with complete control over your business.
80% of a company’s resources is justifiably spent here so it is difficult to get enough time to do all the things at the Operations level, this is where profit leaks out of your business.
Every pharmacy chain or group works hard at some of these areas, but without easy access to KPI and exception reports, a lot of money is left behind unnecessarily.
Top performing pharmacy groups drive their business performance by analysing the PMR data to drive their sales and margins. While most groups look at this area, they often only scratch the surface of what is possible and make insufficient use of the peer pressure motivation factor.
Few groups get to strategically focus on patients. By looking at individual patients rather than items, you can reach the full potential of your business. We say, “don’t be an item counter, become patient focused.” Long term repeat business guarantees the growth and success of your business.
Self-Actualisation comes when everyone has the right information in the format so that they can manage their own areas. Benchmarking your stores across the Operational, Business Development and Patient Focus drivers gets you there. Motivation becomes inbuilt into the way you do things so that you can achieve exceptional previously unattainable results.