Optimizing profitability and efficiency of your pharmacy with data
What is PharmacyMetrics™?
PharmacyMetrics™ is a dashboard analysis of your overall pharmacy’s business performance accessible via your laptop or mobile device. Built from the sales and inventory data of the pharmacy.
Why should you subscribe to PharmacyMetrics™?
PharmacyMetrics™ offers you a comprehensive view of your sales and profitability drivers in dashboard analysis of your sales and inventory dynamics to help you make objective decisions whilst also comparing your performance to other pharmacies. With PharmacyMetrics™ , you can quickly access deep insight into the drivers of profitability to help you optimise long-term profitability, efficiency, and customer satisfaction.
What kind of data analysis and insight is
obtainable from PharmacyMetrics™?
We are more than just a market research agency. As a group of experienced pharmaceutical, medical, data science, market research, biostatistics, and project management professions, we can engage you and your target audience at a level not demonstrated by other agencies.
With both in-clinic, market, and academic knowledge of critical disease and therapy areas including infectious, cardiovascular, oncology, and metabolic diseases, we possess the versatility to deliver on your requirements.
To put it simply
A fast and comprehensive review of your pharmacy’s performance relative to other pharmacies in the region and at the national level. This analysis helps you set an objective target and vision for your pharmacy whilst also providing data for assessing progress.
Knowing and optimizing the stocking and sales of the drugs driving profitability of your pharmacy could be a game-changer, as your pharmacy business sets out to grow. This dashboard analysis enables easy assessment of the most profitable drugs and SKUs (store keeping units).
Fast-Selling and Aging Stock Analytics
A view into the fast-selling and aging stocks could help your pharmacy assess the drugs holding down investments which could be diverted to more profitable drugs, improve stock planning, and mitigate losses from drugs expiry.
Price Benchmark Analytics
Competitive pricing is a key success factor to customer retention and profit optimization. Assessing your drugs prices against the benchmark prices across other pharmacies helps your business to objectively decide on a pricing strategy.
There are drugs often jointly prescribed by doctors or requested by patients that come to your pharmacy. Knowing the trends of drugs co-prescribed or requested by patients help you support patients with the right counsel such as drug-drug interaction and appropriate stocking of co-prescribed drugs
Pharmacy Footfall & Trend Analytics
Growing and retaining patient or customer patronage to your pharmacy is a major driver of revenue, profitability, and long-term sustainability. The PharmacyMetrics™ platform enables tracking of trend of patient visits, growth, and attrition including seasonal and time variability.