![]() Due to the government-imposed measures to curb the spread of the virus, robotic pharmacies were trending, there was a massive surge in prescription volumes and due to social distancing norms and shortage of staff, the automated systems and devices helped suffice the growing demand during the pandemic peak, the aforementioned factors have immensely contributed to the growth of the industry. The COVID-19 pandemic has presented itself as an opportunity for the industry to flourish. Another pharmacy company's CEO reported that his prescription volume increased by 70% after the installation of the robot. For instance, a pharmacy owner in Colorado stated that his prescription volume increased by 50% due to the installation of the ScriptPro dispensing robot. The initial cost of installing automated systems might be high but it saves a lot more once the workflow is streamlined. The introduction of technologies, such as automated dispensing units or cabinets, tele-pharmacy, automated patient CRM outreach, drug monitoring programs, maintenance, medication reminders, and others, has contributed significantly to making the industry processes more streamlined as well as has resulted in a reduction in costs incurred due to wastage or wrong disposal of medicines.Īutomation in the retail pharmacy sector has been around for quite some time robotic dispensing can lead to an increase in prescription volumes and a reduction in costs incurred for staff training. Technological advancements in the industry have led to marked reductions in managing inventory, a decrease in medication wastage, a reduction in cost per dose as well as better patient safety. In the same study, a staggering 32% of respondents in Germany reported flushing their liquid medicines and 10% of respondents reported doing that for the solid medicines as well. The volume of medicine wastage has been constantly increasing. A study published by OECD revealed that approximately 17,600 tonnes of expired or unused medicines were disposed-off in France, in 2018. wastage of cancer drugs (unused) resulted in USD 3 billion wastage, annually. A study published by Reuters stated that in the U.S. Automation in the retail pharmacy sector has been a boon for reducing costs in terms of wastage of medications, viable and expired. Another added cost comes in the form of wastage of medicines in pharmacies as well as healthcare systems. The annual expenditure on medicines (prescription) and OTC drugs has been skyrocketing in recent years.Īs per the American Academy of Actuaries, the annual expenditure on prescription drugs alone cost USD 3,337 billion in 2016, an astounding 17.9% of the GDP of the U.S. It has also allowed pharmacists to manage workflow effortlessly, with an increased focus on patient satisfaction. ![]() With the automation there is a marked decrease in the wastage of medicines, thus, per dose costs have decreased. Automation has not only improved the efficiency of the industry several folds but has also made it more profitable. Pharmacy automation devices with the help of analytics and software are changing the face of the retail pharmacy system across the globe. The INSIDE RX® mark is owned by Express Scripts Strategic Development, Inc.The global pharmacy automation devices market size was valued at USD 5.1 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.8% during the forecast period. Inside Rx is administered by Inside Rx, LLC, 1 Express Way, St. For a complete list of participating pharmacies, see pharmacies. For a full list of Inside Rx program terms see full terms or call 80. Age restrictions may apply to the purchase of certain drugs. Prescription drug and vaccine pricing may vary depending on the pharmacy and Inside Rx users are responsible for paying the discounted cost of their prescription(s), including vaccine administrative fees, where applicable. ![]() Inside Rx does not guarantee that the price you will pay at the pharmacy will be the same price displayed in advance of purchase. Pricing shown online or via the Inside Rx app are subject to change in real time. ![]() Inside Rx cannot be used with any insurance benefit, copay assistance programs, or by persons covered by state-funded or federal-funded programs such as Medicare, Medicaid, or Tricare for purchases of certain medications, even if processed outside the benefit as an uninsured (cash-paying) patient. *Average savings based on usage and Inside Rx data as compared to cash prices average savings for all generics are 78% 37% for select brand medications restrictions apply. ![]()
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