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Starting from scratch, let us talk about What is Pharmacy Management? Pharmacy management solutions are a unique umbrella of applications such that it encompasses several functions under one single unit. Aside from the primary tasks such as receiving inventory, maintaining stock, dispensing the correct medication and managing sales are all core elements to any pharmacy. Added to this, you also have to meet the ever-changing and strict requirements set by the healthcare industry which are required to keep patients and their personal information safe and secure. Having a centralized system that is capable of managing all these tasks is essential to a successful and profitable pharmacy.

Medications change rapidly and innovative treatments often consist of an assortment of drugs, so custom mixing of pharmaceuticals has become a major component of healthcare – one that requires an extreme degree of accuracy and tracking. A good design management solution can provide high speed, accurate and secure data gathering so that providers know where they stand at all times. You can track dispensing, work-in-progress, proper handling and delivery with the right solution.

The given process image above depicts the decoding and the working of the cloud-based 340B process automation that is used for the optimization of your 340B savings inventories.

In addition to dispensing the correct dosage, processing prescriptions is an equally important aspect of any pharmacy management system. Outside of validating the prescription and patient ID, pharmacies are also required to store all the prescription details. Historically this meant a large volume of paperwork that was costly to maintain. With an imaging scanner, you can quickly read barcodes as well as capture an image of the prescription. All this can be stored and processed electronically for trouble-free cataloging, all without any paperwork to deal with.

Pharmacies also have to conduct a basic point of sale functions with every sale including inventory management. With the aid of the same imaging scanner for prescription capture, you can scan medication and IDs for each transaction just as you find at a retail checkout. With every sale, you can be tracking inventory so that when you conduct an inventory count with a mobile device you can compare the stock levels to determine if there is any shrinkage or incorrect handling occurring. A fully integrated software and hardware solutions will encompass the full pharmacy process from receiving medication and properly handling it, to selling it.

Essentially, there are some key benefits of using a well-optimized Pharmacy Management Solutions, an increase in the accuracy with a pharmacy management solution that provides the cost-saving benefits of:

Improved Workflow – Scan documents, barcodes, IDs and medication all with the same device.

Efficiency – Eliminate paper-based workflow and simplify information storage and retrieval.

Customer Satisfaction – Ensure every transaction is correct and is processed quickly.

Compliance – Fulfill HIPPA compliance with secure patient information.

Some growing factors that pose to be a challenge while building a pharmacy management system are:

Lack of automation

Lack of uniformity

Paper-based prescribing

Billing errors

Inventory management

Healthcare is riddled with tedious tasks all of which consist of enormous amounts of data and information, processing all of this manually can at most times be difficult. Healthcare Artificial Intelligence is the division of Healthcare that leverages the power of technology and Artificial Intelligence to automate the processes carried out in Healthcare. The first and foremost focus of Healthcare AI applications in is its need to recognize relationships and their differences between the techniques for treatment or prevention of patient outcomes.

Before throwing an AI system into the working environment, they are required to be trained for the task they’re to be deployed for. This training is done through data that are generated from clinical activities, these clinical activities can include screening, diagnosis, treatment, etc, such that the AI is able to learn similar groups of subjects and associate between subject features to determine outcomes of interest. These clinical data often exist in but not limited to the form of demographics, medical notes, electronic recordings, physical examinations, and clinical laboratory and images.

Traditional Healthcare processes constitute of growing problems that keep recurring, these problems take forms of Limited Data Access, Regulation Compliance, Prediction Accuracy, Traditional Infrastructure, Data Extraction, and Data Security. The aforementioned problems can be approached through various solutions, some Healthcare AI Solutions that we have listed out are AI-based Healthcare Product Engineering, Enterprise AI Platform, AI-driven Health Analytics, Healthcare Operational Support, AI-powered IoT Automation, and AI-based Healthcare Informatics.

Custom Software Development is a thing of the present and the future, companies are beginning to realize what they've missed out on and why the word Custom has a price tag attached to it. The word 'Custom' had been thrown around many times in the past but it's only recently attached to many different words, but it's latched on to one, in particular, that is Software Development.

Let's take a look at Custom Softwares, and why is turning it into a norm.

What is Custom Software? what will it be? and why choose it? The answer is, custom software development is the development of a software product to meet specific needs instead of adapting the business to pre-built software products. Custom software development can be complex, i.e. to satisfy a whole process of work (employees, end clients, intermediaries) as well as to target a certain group of people, for example, workers in a company, to satisfy their business requirements, many companies are turning over towards boutique software development companies as there's a closer bond between the developers and the clients in such environments.

A company choosing custom software development for healthcare over a non-customized software is the one that knows of its business goals, knows the benefits that it provides over pre-configured products and knows the advantages it can give over its competitors. There are some advantages and disadvantages that it provides, but all in all, the advantages outweigh the disadvantages if done right.

Advantages:

1. It contains only the required functions as the client needs. 2. Provides improved security. 3. It's very flexible, it can adapt to the growing business needs. 4. Competitive advantage over its competitors. 5. It's easier to implement since it's built around the companies business process. 6. Keeping long-run goals in mind, Custom Software is more favorable for the company's business environment.

Disadvantages:

1. High development costs. 2. The user requirements are not always identified correctly by software development companies. 3. Sometimes the choice of the development company can be a mistake and cause a setback.

The best part about Custom Software Development is that when compared to legacy software, they are much better, the reason being that by the time this legacy software reach the store shelf they're already gone out of date -- this does not happen with customized software.

Now let's take a look at what has custom software development got in store for Healthcare? Currently, we know that Healthcare is one of the fastest growing industries currently growing at an annual rate of 5.4%, companies in this industry are all ready to shell out for their requirements, Custom Software Development in Healthcare has brought the required change that was needed -- Innovation.

The process of developing a custom healthcare software starts with Ideation of a project followed by the Requirement Gathering phase where all the requirements of the client are noted down and planned out to implement in the system. After that, two of the most important phases of software development come into action: the Architecture Design and the actual Software Development all the necessary steps are taken here to ensure protocols are followed correctly and the final step is Software Testing where the almost finished product is tried and tested in a controlled environment where glitches and errors are fixed to provide a polished product.

Custom Software Development is a thing of the present and the future, companies are beginning to realize what they've missed out on and why the word Custom has a price tag attached to it. The word 'Custom' had been thrown around many times in the past but it's only recently attached to many different words, but it's latched on to one in particular that is Software Development.

Let's take a look at Custom Softwares, and why is turning it into a norm.

What is Custom Software? what will it be? and why choose it? The answer is, custom software development is the development of a software product to meet specific needs instead of adapting the business to pre-built software products. Custom software development can be complex, i.e. to satisfy a whole process of work (employees, end clients, intermediaries) as well as to target a certain group of people, for example, workers in a company, to satisfy their business requirements, many companies are turning over towards boutique software development companies as there's a more closer bond between the developers and the clients in such environments.

A company choosing custom software development for Healthcare over a non-customized software is the one that knows of it's business goals, knows the benefits that it provides over pre-configured products and knows the advantages it can give over its competitors.

There are some advantages and disadvantages that it provides, but all in all, the advantages outweigh the disadvantages if done right.

Advantages:

It contains only the required functions as the client needs.

Provides improved security.

It's very flexible, it can adapt to the growing business needs.

Competitive advantage over its competitors.

It's easier to implement since it's built around the companies business process.

Keeping long run goals in mind, Custom Software is more favorable for the company's business environment.

Disadvantages:

High development costs.

The user requirements are not always identified correctly by software development companies.

Sometimes the choice of the development company can be a mistake and cause a setback.

The best part about Custom Software Development is that when compared to legacy software, they are much better, the reason being that by the time this legacy software reach the store shelf they're already gone out of date -- this does not happen with customized software.

Now let's take a look at what has custom software development got in store for Healthcare? Currently, we know that Healthcare is one of the fastest growing industries currently growing at an annual rate of 5.4%, companies in this industry are all ready to shell out for their requirements, Custom Healthcare Software Development has brought the required change that was needed -- Innovation.

The process of developing a custom healthcare software starts with Ideation of a project followed by the Requirement Gathering phase where all the requirements of the client are noted down and planned out to implement in the system. After that, two of the most important phases of software development come into action: the Architecture Design and the actual Software Development in Healthcare all the necessary steps are taken here to ensure protocols are followed correctly and the final step is Software Testing where the almost finished product is tried and tested in a controlled environment where glitches and errors are fixed to provide a polished product.

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In the current business world, software existence is a must-have. It is no longer considered a frill. Consumers are moving, ever so swiftly, to maximum or complete reliance on technology. Every business, therefore, is either in the process of developing or thinking about developing their own software.

It is not very uncommon, in today’s digital world, to hear about software projects turning out to be averagely executed or worse, to have failed. The reasons for this are many. Over budgeting, delayed timelines, missing functions and poor quality execution are just a few examples. Another disastrous occurrence could be that a project falls through in the development phase and never sees the light of day. Even if the most avant-garde technologies are being used, such as AI, Machine Learning, Predictive Analytics, and Business Intelligence, a poor development strategy can almost completely damage a software development project.

To safeguard against the many risks associated with software project development, we have laid out a series of strategies and best practices that will go a long way in ensuring the build-up of a high quality and extremely functional software.

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