Whether you’re switching from blister cards, migrating from a cassette-based system, or starting from scratch, the RapidPakRx can help you save money on labor and consumables, and grow your patient base.
Decide which of the scenarios below best fits your adherence situation. Then select the ROI calculation that matches your scenario under the photo.
Scenario 1 – Starting from Scratch
If you currently have no adherence program patients, simply estimate the number of new patients you are likely to enroll in your pharmacy’s adherence program. For example, if you expect to add 15 new adherence patients per month, you could be cash flow positive by the third month and be on track to achieve total ROI in 13 months.*
Scenario 2 – Migrating from Blister Cards
Do you currently have a blister card or “bingo card” program at your pharmacy? Processing 8 patients per day on a typical multi-dose blister card could cost your pharmacy $3,100 or more, per month. In this scenario, using RapidPakRx, you could save $2,192 per month. RapidPakRx could triple your year one adherence business, at no additional cost for labor and consumables, and you could achieve ROI in as little as 11 months.*
Scenario 3 – Migrating from Cassettes
Do you have a cassette-based adherence packaging automation system? RapidPakRx requires no inventory in the adherence packager and includes built-in vision inspection. A pharmacy with 200 adherence patients, using cassette-based automation, could expect to save $141,250 in Section 179 savings and by liquidating unnecessary inventory. Coupled with the improved speed of pharmacist verification, higher capacity and lower cost of consumables, you could achieve ROI in as little as 9 months.*
About IRS Section 179
IRS Section 179 allows businesses to take accelerated depreciation on capital equipment of up to $1,000,000 per year. The initial (Year 1) savings on installing a RapidPakRx can be significant. For example, depending on whether they lease or purchase equipment, and are able to liquidate extra inventory, our customers have reported cash savings ranging from $37,000 to $141,250 in their first year.
Not sure about your your potential Section 179 savings? Use our handy calculator here. If you’d like to receive a RapidPakRx demonstration, call us today at (877) 797-2332 or fill out the form to the right. We’d love to learn more about your pharmacy and let you know the many ways the RapidPakRx can increase your profitability by reducing adherence packaging costs and growing revenues.
About Our ROI Calculator
* Return on investment (ROI) is defined as the rate of return (i.e. profit) on a capital equipment lease or purchase, measured over a period of time. All scenarios include the Section 179 tax deduction, assuming a 35% tax bracket. Calculations for the “from scratch” example above are based on NCPA Digest 2018 average gross profit per prescription, multiplied by an average 8 scripts filled per patient, per month.
Calculations for the “blister cards” example above are based on the typical patient needing 4 blister cards per month, 25 working days in average month, pharmacist labor cost of $60/hour and pharmacy technician labor cost of $16/hour. Calculations for the “migrating from cassettes” example above are based on cassette-based average labor and consumables cost of $13.30 per completed 30-day supply (vs. $4.54 for RapidPakRx), plus $80,000 in inventory savings.
ALL VALUES ARE ESTIMATES and DO NOT INCLUDE SPECIFIC VARIABLES such as federal/state/local/payroll taxes, employee benefits, wholesaler drug rebates, insurance, costs, etc. Your revenue growth and cost savings may vary. These calculators are provided for demonstration only: always consult a CPA about your specific situation.