Artificial intelligence (AI) will soon be a bigger part of the pharmacy scene. In fact, independent pharmacists like you can strategically invest in AI technologies to improve patient care. The key challenge in adopting AI is the costs. GenAI is integrating into various pharmacy and life sciences sectors. This integration is a powerful tool within the broader AI landscape, However, its cost efficiency and return on investment (ROI) are uncertain.
AI technology changes fast, therefore it’s important for your pharmacy to have a strategic budget and maximize your AI investments. By doing so, you can optimize operations and reduce costs. Here’s how:
Smart Technologies
AI can help modernize workflows. It can also automate data collection and reduce manual tasks. This makes it so much easier for pharmacists to focus on their patients, along with important clinical tasks. With AI capturing only relevant information, pharmacies can bypass data overload and are able to improve cost-efficiency. This means:
- Streamlined Workflows: With AI, workflows are simpler and data collection is automated. You also have very few manual tasks. This allows you to focus on the higher-level clinical tasks along with taking care of patients. You can improve cost efficiency and avoid the unnecessary overload of data.
- Better Managed Data: AI can enable your pharmacy to ensure data across departments are managed properly. It promises transparency and improves the reproducibility of experiments and results.
- Technologies for the Future: While the pharmacy industry is evolving at a fast pace, AI tools need to expand in supporting long-term growth. Your pharmacy needs to be adopting technologies that will mesh well with their existing systems. They should grow with all of the changes that pop up in drug development, patient services, and administrative requirements.
- Simpler AI Utilization: You can bring in low-code or no-code platforms to your pharmacy. These are great for helping pharmacy professionals utilize AI without needing a lot of experience or the expertise of IT. You can expand the value of AI initiatives across departments, reduce obstacles, and support rapid decision-making.
A Member-Owned Company Serving Independent Pharmacies
PBA Health is dedicated to helping independent pharmacies reach their full potential on the buy-side of their business. Founded and run by pharmacists, PBA Health serves independent pharmacies with group purchasing services, wholesaler contract negotiations, proprietary purchasing tools, and more.
An HDA member, PBA Health operates its own NABP-accredited warehouse with more than 6,000 SKUs, including brands, generics, narcotics CII-CV, cold-storage products, and over-the-counter (OTC) products — offering the lowest prices in the secondary market.
