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.
Retail Pharmacy Market
- Wishing you had more space in your pharmacy?
- Are you plagued by waste, theft and diversion?
- Would you like to speed up the time consuming tasks of inventory management and will call?
- Would you like more time to consult with your patients? Or, are you just looking to add specialty services?
Let RxSafe’s secure, technology-driven solutions help you move beyond your pharmacy’s constraints to expand your existing services and products.