What You Should Know:
– Prescryptive Health, a leading healthcare technology company, today announced the National Community Pharmacists Association’s (NCPA) renewed endorsement of Prescryptive AI Pricing.
– Prescryptive AI Pricing creates a dynamic and competitive cash pricing system, enabling independent pharmacies to thrive in the ever-evolving healthcare landscape. This AI-powered solution empowers independent pharmacies to optimize cash pricing and enhance their competitive edge.
NCPA Recognizes Value of AI for Pharmacies
NCPA first recommended Prescryptive AI Pricing in 2022, acknowledging its potential to revolutionize cash pricing strategies for independent pharmacies. This renewed endorsement underscores NCPA’s ongoing commitment to supporting its members with innovative solutions.
Data-Driven Profitability: AI Delivers Results
Prescryptive Health recently released compelling data highlighting the significant profitability improvements pharmacies experience with Prescryptive AI Pricing. Their analysis revealed an impressive gross profit margin of nearly 54% in 2023 for pharmacies utilizing the solution.
Independent Pharmacies in a Cash-Driven Landscape
The rise of high-deductible health plans has led to a significant increase in cash-paying customers at pharmacies. Traditional cash discount cards often result in financial losses for pharmacies. Prescryptive AI Pricing offers a powerful alternative.
AI-powered Cash Pricing Optimization
This innovative solution leverages a pharmacy’s own data and customizable parameters. Advanced analytics and actionable insights empower pharmacies to strategically position themselves within the cash pricing market.
“As the voice of the community pharmacist, we know the major headwinds that America’s community pharmacies are facing,” said Douglas Hoey, CEO of NCPA. “As our community pharmacies battle reimbursement challenges, our NCPA member pharmacies can use Prescryptive AI Pricing to remain competitive while also continuing to do what they do best: take care of their patients.”
