Pharmacy Technology Blog | OmniSYS Pharmacy Solutions

Three Practices that Pharmacists can Apply to Protect Profits from the Slippery Slope of Retail Drug Pricing

By John G. King, CEO OmniSYS

Running a retail pharmacy is hard. First and foremost, you serve the needs of your patients: dispensing drugs, ensuring safety, improving medication adherence and providing clinical care. Then there is the operating side of your business: marketing, pricing, inventory management, vendor relations, finance and accounting, reporting… the list goes on. And all of this must be done during a period of transformation as the industry evolves from a traditional dispensing model to that of a provider of care.

February 10, 2020

New Decade, New Pharmacy Model

by David Pope, PharmD, CDE, Chief Innovation Officer

More pharmacists are scheduling patient appointments and providing billable clinical services with patients than ever before.

January 22, 2020

Will the MBI Transition Impact Your Reimbursement?

by Shelley Hansell, SVP, Client Relations & Revenue Cycle Product Management

January 1, 2020 is an important date for pharmacies that process medical claims under Medicare Part B. If you administer immunizations, dispense diabetic supplies or provide DME items to Medicare beneficiaries, your reimbursement may be at risk. Starting on January 1, all claims submitted to Medicare will require a MBI for claim reimbursement, even if the date of service is prior to January 1. Claims sent without a MBI will be rejected.

December 10, 2019

Strand-Rx Food Insecurity Program

by David Pope, CDE, PharmD, Chief Innovation Officer

Food insecurity is defined as “a lack of consistent access to enough food for an active, healthy life.” This directly relates to a lack of resources needed to provide food. In many cases, patients are forced to make a choice between buying food and being able to buy their medication. We begin a pilot program in Augusta, GA with a local pharmacy and a local food bank with goal of making a positive impact on food insecurity in the region. Through this collaboration, the program addressed both physiological and safety needs.

November 5, 2019

Expansion of Pharmacy Services in the Pipeline

by David Pope, CDE, PharmD, Chief Innovation Officer

Due to the downward market pressure in the pharmacy industry today – and in order to stay successful long term – pharmacies must diversify their business model beyond dispensing. Most pharmacies have already taken the first step towards a more diversified business model by providing immunizations. This model has been incredibly successful, both for patients who now have a more convenient setting of care to receive vaccines and for pharmacies that receive a high ROI from providing this service.

October 15, 2019

OmniSYS Pharmacy Talk Blog

Three Practices that Pharmacists can Apply to Protect Profits from the Slippery Slope of Retail Drug Pricing

New Decade, New Pharmacy Model

Will the MBI Transition Impact Your Reimbursement?

Strand-Rx Food Insecurity Program

Expansion of Pharmacy Services in the Pipeline