Our ROI was roughly a year for this machine, mainly because I didn’t have to move and that savings was pretty up front for us. Even after the first year you’re constantly seeing increases to our bottom line in terms of profitability.
Three months after introducing the RxSafe we saw a reduction in technician labor hours of between 200–250 hours per month. This reduction basically covers the cost of the RxSafe.
When we were broken into last year, the burglars took all the drugs off the pharmacy shelf, but they didn’t even touch the RxSafe.
I love knowing the drugs coming out of the RxSafe are always correct. Plus, the machine tracks inventory expiration dates and quantities so I know what drugs are where at all times.
We introduced the RxSafe 1800 into one of our pharmacies two years ago. That store had a $50,000 decrease, which totals $80,000 in savings and our inventory turns have increased by 6+ turns / year.
The RxSafe has provided us with a myriad of benefits – it’s allowed us to reassign employees, save space in the pharmacy and made it faster and more accurate to fill scripts.
Paw Paw Village introduced the RxSafe 1800 two tower system in one of our 6 stores a year ago. We’ve seen the cost of generics increase the cost of on-hand inventory by an average of $30k in all of our stores except the one with the RxSafe. That store has actually seen a $50k decrease in on-hand inventory costs. This totals $80k in savings attributed to the RxSafe. We’ve also seen our inventory turns increase from 17 turns per year to 23+ turns per year. In addition, we’ve been able to reduce our labor costs by an average of 200 to 250 labor hours per month, which basically covered the payment on the unit. Therefore in four years that labor savings will go directly to cash flow.
Our operational costs are significantly lower due to the tracking and reporting now available to us through the RxSafe. We’ve been able to reduce our overall inventory by $70,000 since we installed the RxSafe. RxSafe provided us with the most professional install I’ve ever had. The accuracy that the RxSafe provides has improved my peace of mind. Now I don’t have to worry about errors and I feel secure knowing that what is dispensed is 100% correct.
Controlled substance security is greatly enhanced with the machine. I was broken into 3 weeks ago and they didn’t get anything out of the RxSafe.
Before we had the RxASP we were manually filling all the short cycle dispensing, and now we can automatically fill those and don’t have to worry about medication errors. Adding the RxASP has saved us more than 30% of our time in filling.