Must Have Features For Your Pharmacy Management System

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Introduction

Pharmacy management software or commonly referred to as pharmacy software is a system that store complete information about the processes in a pharmacy. It helps in storing the data, organizes the entire system, controls the use of medication & improves customer satisfaction.

With the growing technology in this modern era, pharmacy software is a golden opportunity for pharmacy owners. The software vendors have designed the software in such a manner that it helps the business owner to control their stock, accounting & choose the right medication based on background data analysis using the software.
The pharmacists make use of the primary pharmacy management system features to digitize their pharmacy completely. Using pharmacy software enabled with all basic & advanced pharmacy software features helps in controlling all the business activities with improving profits. In daily routine patient’s sometimes prefer to visit the pharmacy for regular medicine instead of going to doctors, and the advanced pharmacy software features help in suggesting drugs based on the salt compositions of these minor ailments.
Now when we have already discussed the importance of Pharmacy Software, let us move forward & discuss some important features of pharmacy management system.

7 Key Features Of Pharmacy Managemet System

1. Prescription Management

Prescriptions are hard to read; they are unreadable by the patients & therefore can cause confusion. The illegibility of prescriptions is also a source of error in giving the correct medicine. With the help of software, the pharmacist will not have to read the prescriptions again & again. The pharmacist can store the record of the prescription & repeat the medicine as & when required. Data stored in the system reduces the chances of errors.

2. SMS & Alerts

With the help of a pharmacy management system, the pharmacists can get timely notification & alerts from the software, if any of the patients will need the medicine soon, or the medicine is going to expire. He can schedule SMS to be sent to patients intimating them in advance to buy the next dosage of medicine. This is one of the top pharmacy software features & helps in improving customer relationship. The customer can also just reply to the message whether to refill the medicine & the pharmacist can simply deliver the medicine to the patients.

3. Reporting

Reporting is a very important part of any business. Proper reporting & data analysis leads to better-informed decision making & huge profits. Pharmacists interact with many sales executives, patients, doctors, medical representatives in the day-to-day. But manually remembering all the details is not possible. Therefore here the pharmacy software comes into existence, all the data regarding each of these can easily be stored in the system which can be later analysed for growth strategies. These reports provide valuable insights like which part of the business is performing well & which needs improvement.

4. Doctor/MR Commission Management

One of the crucial pharmacy software features in commission management. In the pharmacy, it is very important to keep a check on which doctor’s prescription or which medical representative has sold which medicine. Every prescription & medicine sold out at the pharmacy counts for a commission which can be easily calculated using the software.

This means, no more frauds no more mistakes”.

5. Expiry Management

Another mandatory feature for a pharmacy management system is expiry management. In general, pharmacies suffer huge losses due to expired products. In any pharmacy, medicines are purchased in a bulk with different MRP & expiry dates, & therefore the pharmacists find it difficult to keep a check on every medicine. Unknowingly many medicines get expired lying on the shelves, which at last can only be thrown into the garbage. In case a software with an expiry management system is implemented then it will prompt for the near expiry medicines which the pharmacist can either sell to the customer or return back to the supplier. This saves on huge losses & also the products are not wasted.

6. Re-Order Management

Setting re-order points, knowing when you need to refill the stock, which product is better performing in the inventory and so on… Crucial insights like this help every pharmacist to stay organized and informed. The pharmacists can set the minimum & maximum stock level point, the software will indicate whenever the stock reaches the minimum level & he/she can place a re-order. The system also suggests the best buy option with nearest suppliers’ schemes & offer to save more.

7. Digital Collections

In the new normal, everybody is following social distancing. Customers want to pay online and in pharmacy, the risk of getting affected with various is the most. Therefore for sake of health & safety, the pharmacies must have a digital collection option where the patient can pay without touching anything. Marg ERP is one such Pharmacy Software that is integrated with MargPay a payment platform for business-to-business payments.

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Summary

Now when we have discussed few important features that your Pharmacy Management Software must have you can now choose the right pharmacy management software for your pharmacy. Marg ERP is one of the leading Pharmacy Software enabled with many more advanced features that could help you attain superfast business growth.

Faq On Pharmacy Management System

The important features you should look for in a Pharmacy Software are Stock Management, Expiry Management, Prescription, Rack Management, Alert Management, Substitute Availability, Re-Order Management, Online Order & Payment

There are numerous benefits of pharmacy software, to name a few these are:

  • Faster and accurate prescription processing

  • Complete Business Operations Manage

  • Greater customer retention

  • Reduced paperwork

  • Patient’s History Management

  • MR Commission Management

7 qualities that your pharmacy management software must have:

  • Better Prescription Management

  • SMS & Alerts

  • Organized Reporting

  • Doctor/MR Commission Management

  • Expiry Management

  • Re-Order Management

  • Digital Collections

The best pharmacy management software is a software that is flexible, customizable, easy to use, pocket friendly & equipped with all modern features.

Yes, many pharmacy software like Marg ERP provides you with an option for customization, where you can customize the features as per your requirement.

The main reason behind choosing pharmacy software is that you can manage multiple chains of pharmacies/ multiple stores with one software. Physically it is very difficult to manage different stores & visiting every day, but you can definitely simplify the work with pharmacy software.

The price of the pharmacy software depends on the features it is providing. There are free software also available in the markets.

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