DATARITHM


Control your pharmacy inventory, instead of it controlling you.

Optimize your prescription drug inventory and improve profits with Datarithm®.

An intuitive, cloud-based inventory management software system for pharmacies of all sizes.

Datarithm®, a cloud RX inventory management system, integrated with leading pharmacy systems, empowering pharmacies to streamline tasks, attack surplus inventories and improve financial performance. Datarithm® provides essential tools that help pharmacies better manage Rx inventories, allowing them to thrive in today’s complicated environment. Simple, fast and intuitive with big results all in one easy-to-use system.

How Datarithm Works:

  1. Monthly Demand Forecasting and Automated Re-Order Point Updates
  2. Balancing (Daily wholesaler return recommendations and store-to-store transfer recommendations for chains)
  3. Intelligent Cycle Counting to Maintain Precise On-Hands
  4. Advanced Analytics, Dashboards and Reports

Contact us to learn more about Datarithm

Save Time

In pharmacy today, in addition to the vital core activities of filling scripts, patient counseling and compliance management, owners and staff face an overwhelming, growing list of new tasks and responsibilities (curbside pick-up; home delivery; covid testing and covid and flu vaccinations). Further, as pharmacy continues to take an expanded role in the healthcare continuum, additional responsibilities and tasks will undoubtedly be added. Datarithm streamlines tasks and takes work off the plates of owners, pharmacists and techs – freeing them up to handle other responsibilities. WE GIVE THEM TIME.

Lower Expenses & Increased Profitability

Let’s face it, pharmacy margins are thin and cash flows are tight due to the crush of DIR fees, PBM’s and relentless competition. Datarithm optimizes the management of the largest expense and biggest investment any pharmacy faces – RX Inventory. Through the coordination of monthly re-order point adjustments tied to fluctuations in dispensing volume, automated inventory balancing (wholesaler returns and store-to-store transfers (for multi-store operators)), intelligent cycle counting and advanced analytics, Datarithm attacks Overstocked and Dead inventories, resulting in lower expenses for elevated profitability, a drop in expired return volume, faster inventory turnover and stronger cash flows. WE GIVE THEM MONEY.

Improved Rx Inventory Management

As noted, RX inventory is the largest investment and biggest expense for every pharmacy. Unfortunately it’s also one of the most difficult aspects of pharmacy to manage – with 2,000 to 4.000+ RX items in a typical formulary, it can be like herding cats. It’s widely known that Perpetual inventory is the best method for managing RX inventory because it provides transparency, allows for more accurate financial reporting, saves time and improves customer service. Converting to perpetual requires, (1) precise On Hands (easily handled via a full count) and, (2) establishing reorder points and quantities for every item and generic group. Herein lies the difficulty because once established, reorder points must be kept current. Datarithm automates the initial calculations, places them in the pharmacy system and follows with monthly updates. For pharmacies already running perpetual inventory, Datarithm offers complete automation. In addition to consistently optimized reorder points, Datarithm also automates wholesaler returns, store-to-store inventory transfers (chains) and intelligent cycle counting to maintain on hand precision. The better a pharmacy manages their largest investment and biggest expense, the better the operational and financial success they will enjoy. WE OPTIMIZE RX INVENTORY MANAGEMENT.

Top Benefits

  • SUBSTANTIAL / MEASURABLE FINANCIAL IMPROVEMENT FOR PDS MEMBERS (Averages)

    • 22% INVENTORY REDUCTION
    • 5.7 POINT TURN IMPROVEMENT
    • TURN RATE OF 22X (INDUSTRY AVERAGE 12X – 13X)
    • 99% MANAGED SERVICE LEVEL
  • NO CHANGE IN CURRENT ORDERING PROCESS

  • AGNOSTIC – NOT TIED TO ANY WHOLESALERS

  • COMPLETE FLEXIBILITY VIA CUSTOMIZABLE SYSTEM SETTINGS

Growth Impact

  • STREAMLINED TASKS AND AUTOMATION FREES UP STAFF & WIDENS BANDWIDTH

  • OPTIMIZED RX INVENTORY REDUCES SURPLUS, EXPENSE & EXPIRED RETURN VOLUME

  • STRONGER CASH FLOW, IMPROVED PROFIT & LIQUIDITY

  • BETTER POSITIONED TO INVEST IN ADDITIONAL TECHNOLOGY

Maximize Your Existing Pharmacy Management Software Solution

Datarithm‘s comprehensive suite of tools addresses both today’s needs and tomorrow’s challenges. Your current technology is maximized without the need to change your current infrastructure. Your current management system is extended so you have complete control over your prescription drug inventory, your most valuable asset.