POS POV
The Retail Management Solutions Point-of-Sale Point-of-View

4 Ways to Save your Bottom Line with Point-of-Sale

Posted by Karen Deckard on Thu, Jun 13, 2019 @ 04:16 PM

 

Slow and steady wins the race, or so the saying goes. It's applicable in so many different ways. Most of them speaking to the power of perseverance.

But what about the other side of the coin? Baby steps can certainly get you to a larger goal, but what if you're taking those same tiny steps in the other direction? That's a race you probably don't want to win.

Here are a few tips to help you save your bottom line from all those little things that add up.

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Tags: pharmacy, pharmacy point-of-sale, pharmacypos, Pharmacy Profitability, pharmacy pos

It's Trade Show Season! Are You Ready to Make the Most of This Year's Conferences?

Posted by Karen Deckard on Thu, May 30, 2019 @ 04:19 PM

Trade Show Season has arrived and we're gearing up to attend some of our favorite industry events in the coming months. (And looking forward to attending our first Connect conference with PioneerRx this weekend!)

We're excited every year to attend conferences like Connect, Amerisource Bergen Thoughtspot, and Cardinal RBC. We love seeing our customers, putting faces to names, and introducing new friends to our team and suite of point-of-sale products.

While every conference is unique, including different themes, new takeaways and lots of new industry contacts, they always have one thing in common. They are over in the blink of an eye. Packed with CE courses, user group meetings, dinners and entertainment, it's hard to find time to sleep, let alone make enough time to see everything on the trade show floor.

Here are our favorite tips to help you make the most of whatever shows you plan on attending this year.

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Tags: pharmacy, pharmacy point-of-sale, pharmacypos, pharmacy pos

Shouldn't This be Easier? Identifying Ineffective Pharmacy Workflows

Posted by Karen Deckard on Thu, May 23, 2019 @ 11:31 AM

For a long time, I disdained the pressure cooker hype. To me, it seemed like one extra, and very large, piece of equipment to take up space in my kitchen. But when my trusty slow cooker bit the dust I decided to buy one of those all in one do everything instant pots. I was still pretty sure I’d never use the pressure cooker function. I’d never cooked that way and didn’t see a reason to start.

But eventually, a lack of planning and absence of time had me giving something new a try. And as a result, discovering I’d been wasting a lot of time and energy because I hadn’t recognized the inefficiency in the way I was doing certain things.

My point here is that doing something the long way doesn’t mean it’s better. Seems obvious, but sometimes we get so mired down in the way we do things that we don’t stop to ask ourselves an important question. Shouldn’t this be easier?

If you’re looking at some of the workflows in your pharmacy, and you start to ask yourself this question, you’re likely going to find yourself saying “yes” at least a few times. And maybe lot more. But at the same time, you may wonder whether it’s worth it to invest the time, effort or money into changing workflows around. Here are some helpful qualifications to get you on the right track.

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Tags: pharmacy, pharmacy point-of-sale, pharmacy technology, pharmacypos, pharmacy pos

What Does "Strategy" Actually Mean Anyway?

Posted by Karen Deckard on Thu, May 16, 2019 @ 10:53 AM

If you dive down the rabbit hole of trying to better your business in any meaningful way, you're going to run into the idea of "strategy". It's become so prevalent it almost seems like a buzzword. And it's easy to start to think it might not really apply. After all, you're not playing a board game or planning a hostile takeover. You're running a pharmacy. Do you really need to think about strategy?

At the most basic level, a strategy is not a game of chess. It's not you pitted against anyone else either. It's a plan that you use to achieve a goal.

But if it's that simple, and that sensible, why doesn't everyone use a more strategic approach to growth and profitability in their pharmacy? Well, like most things the big picture is just that. Way too big to tackle in one piece. Breaking it up into smaller pieces makes everything much more manageable. Here's how to do it.

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Tags: pharmacy, pharmacy point-of-sale, pharmacy technology, customer loyalty, Efficiency, Pharmacy Profitability, pharmacy pos

Are Your Pharmacy Staff Dependent on You?

Posted by Karen Deckard on Thu, Apr 11, 2019 @ 09:00 AM

This coming Fall, my kiddos will be starting Kindergarten. And even 5 months away, there's a flurry of preparation. I've filled out what feels like a mountain of paperwork, copied all of their records twice, and attended orientations meant to prepare the little ones and their parents for the upcoming change.

Throughout this process, I've realized just how much I've inadvertently been doing for my kids, rather than teaching them how. Little things like making sure that they can turn jacket sleeves right side out so they don't hold up the recess line or knowing that they can peel a banana on their own at lunch time.

These things just never seemed like a big deal. It's faster to help the kid get their coat on than it is to put down the car keys and take the time to walk them through doing it themselves. And when lunch is on the table, well it just makes sense to have it accessible from the start. But what felt easier at the time was really just past me finding a way to give me future me a massive headache.

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Tags: pharmacy, pharmacy point-of-sale, pharmacy technology, employees, pharmacy pos

5 Things That Can Throw Your Pharmacy Off Balance

Posted by Karen Deckard on Thu, Apr 04, 2019 @ 09:00 AM

Two weeks ago I woke up, attempted to get out of bed and promptly fell on my face. While I'm not what you'd call graceful, this kind of clumsiness is definitely uncharacteristic. A trip to the doctor's revealed that I had an ear infection, which was doing all sorts of nasty things to my equilibrium.

While I knew that ear infections could cause balance problems and dizziness, I'd never actually experienced it for myself. I was a bit surprised that something that seemed to be impacting me so little in every other way was throwing me off of my game so much.

There are so many working pieces that keep us balanced. Both physically, in our personal lives and in our businesses. In your pharmacy, there are dozens of seemingly small or unconnected things that can throw your entire pharmacy business out of balance if you aren't careful.

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Tags: pharmacy, pharmacy point-of-sale, pharmacy technology, Efficiency, pharmacy pos, pharmacy security

3 Reasons to Invest in Training in your Pharmacy (Video)

Posted by Cassandra Castillo on Thu, Mar 28, 2019 @ 09:00 AM

 

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Tags: pharmacy, pharmacy point-of-sale, pharmacy technology, employees

How Payroll Deduction of Employee Purchases can Help Your Pharmacy

Posted by Karen Deckard on Thu, Mar 07, 2019 @ 07:00 AM

What could be more convenient than picking up prescriptions, OTC medications and other pharmacy necessities in the same building that you work in? It seems like a given that employees would default to their own pharmacy for any of these purchases.

But as much sense as it might make for employees to swing in for that box of band aids and the bottle of antibiotic ointment over lunch or after a shift, pharmacies large and small still face competition from grocery stores and chain drug stores that carry everything an employee might need and more.

At the end of the day, your pharmacy and health system employees are like any other customer. They'll respond to pricing, convenience, and service. The one difference is that their expectations are likely to be higher. Employees will expect more out of the experience than your average customer.

Over the last several years, we've seen an increased drive to create a solid customer base out of pharmacy and health system employees. Along with creating special employee pricing and other incentives, payroll deduction has played a major part in this initiative.

While it might seem like a relatively small piece of the puzzle next to something like employee discounts, pharmacy point of sale systems with an integrated payroll deduction solution can play a big role in how many health system employees make use of a pharmacy's services.

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Tags: pharmacy, pharmacy point-of-sale, customer loyalty, prescriptions, employees, pharmacy pos

4 Ways To Delight Tech Savvy Pharmacy Customers [VIDEO]

Posted by Cassandra Castillo on Thu, Feb 28, 2019 @ 08:52 AM

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Tags: pharmacy, pharmacy technology, mobile pharmacy pos, customer loyalty, customer service, prescriptions, Pharmacy Profitability, EMV, pharmacy pos

Tips for a Better Cash Management Strategy in Your Pharmacy

Posted by Karen Deckard on Thu, Feb 21, 2019 @ 06:00 AM

I'm pretty sure that not a day goes by where I don't talk with at least one RMS customer about credit card processing. From EMV, to P2PE, NFC, and Credit Card on File. All things credit card are a hot topic for any size pharmacy.

But credit cards aren't the only method of payment that matters in your pharmacy. Consumers in the U.S. are far from giving up their money clips and going cashless. According to this article, cash still accounts for about 31% of consumer transactions. Your pharmacy might do more or less depending on demographics, average ticket size or any number of other factors. But no matter the number, it's definitely too large to ignore.

All this doesn't change the fact that cash has it's downsides when your're running a business. Having an effective cash management strategy is important in order to both identify and avoid problems.

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Tags: pharmacy, pharmacy point-of-sale, pharmacy technology, employees, pharmacy pos

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"RMS' [pharmacy POS system] has increased our efficiency, which means less customer confusion and more time for other things. RMS employees are excellent, responsive, and quick – which makes us very satisfied. RMS has improved both our customer service and our business, every year.." – Jim Smith, Owner & Pharmacist, The Medicine Shoppe, Shelton, WA 

 

Retail Management Solutions is the industry leader in pharmacy point of sale technology for retail and outpatient pharmacies. having installed more pharmacy POS systems in the independent and outpatient pharmacies than any other company, RMS has become the industry standard. Whether you operate a single register pharmacy, 15 register superstore, or have multiple locations, we have a fit for you. You can count on us for prompt service in all 50 states, 24 hours a day, seven days a week. RMS is proud to be the only pharmacy POS provider in the nation that focuses strictly on the pharmacy market.