Big data and economic survival — How to increase cash flow with improved hospital pharmacy operations
Thursday, September 24th, 2020 | 12:00 pm - 1:00 pm CT
As the COVID-19 pandemic continues, pharmacies have been one of the hardest-hit areas in the healthcare industry. Now more than ever, pharmacies must turn to big data for valuable insights into their business.
Big data isn't new to healthcare – providers and pharmacies regularly collect and share large amounts of patient data. However, actually deriving insights from that data to enhance organizational strategies proved too complex due to the massive volume of data. Now, with the rapid growth of data-capturing technologies, pharmacies can leverage advanced data analytics to make more confident decisions, improve operational efficiencies and reduce costs.
Key areas where big data can help improve your pharmacy include:
- Mitigating the effects of drug shortages
- Managing the reverse distribution process
- Optimizing operational efficiencies and costs
- Fostering customer engagement and loyalty
- Improving medication adherence
In this informative webinar, experts will highlight how pharmacies of any size can improve their operations and cash flow through advanced data analytics.