Increase the profitability of your business data today
Pharmacy collects a large amount of data but much of it is not used. The NHS makes huge amounts of payment and prescriber data available, but only a fraction of it is utilised effectively. Real World Analytics has built a solution based on the NHS data which helps you develop your business, we call it Local Insights. There is an independent pharmacy and a group version of the Local Insights solution.
The biggest untapped potential is in your PMR data so we developed the Rx Decision Support Solution which is based on your own PMR data. We also have a Front of Shop solution which is based on your EPoS data.
Currently the Rx and FOS Solution is only available to multi-branch pharmacy groups. The Local and National Insights are available to all pharmacy types.
"RWA provides an invaluable service to our company, helping ensure that any money that we are entitled to as a result of our pharmacy team’s effort is fully claimed for and paid. The expired unclaimed script solution above is just one of the many ways that the RWA service has given us complete transparency of our business."
- Alexander Pay, Paydens Pharmacy Group
Your PMR, be it from EMIS, Cegedim or Positive Solutions, 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. Without being on top of all the things all of the time, pharmacies leave thousands of profit behind. How can you afford this with average items going up and payments going down?
This is where we can help. Take a look at the Hierarchy below to get an overview of the journey your Customer Success Manager can bring you on to become a data-driven pharmacy.
We have designed the hierarchy below to guide you through each level of your pharmacy’s dispensary 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 combining the PMR data with the NHS data to drive their sales and margins. While most groups look at this area, they often only scratch the surface of what is possible.
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 shops 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.
Pharmacy business is all about what is happening locally but too often the store manager or head office manager misses critical changes in their local environment.
The NHS publish the prescriber and payment data every month which can help you understand what is happening in your area, but it is in a format that is difficult to interpret. Not to worry, this is where we come in - we make it easy for you to see in minutes what is happening so that you can react. The very best managers will use the information to proactively improve their business.
Weldricks management team are excited about the RWA data available to us in our daily decision making and while nobody can predict the future, companies that use analytics to guide decision making minimise their chances of wasting their time, using up scarce resources and falling behind better-informed competitors.- David Vanns, Director of Operations, HI Weldrick Ltd
Fill out your details and we will send you the first two pages of this report for your own pharmacy free of charge.