A Pharmacy Information System is essential for specialty pharmacies due to the different needs for handling information. Particularly, the patient outcome at specialty pharmacies is determined by the swiftness of processing and handling of their information. Pharmacy information system increases efficiency in the data entry process thus reducing errors. While pharmacy information systems are essential in both specialty and non-specialty pharmacies, the need for these systems is relatively high in specialty pharmacies. Notably, unlike non-specialty pharmacies, specialty pharmacies have certain complexities such as the medications they handle. For instance, health conditions such as cancer require specialty medications, which are characterized by high cost, complexity, and attention, and they also need prior authorization before dispensation. As such, a pharmacy information system is required for the processing of patients' information before dispensing drugs.
The other aspect that makes specialty pharmacies different is the need for data. Notably, in non-specialty pharmacies, databases that handle patient information are only designed to capture necessary identification information, insurance information, doctor's contact information, and scrips on file. On the other hand, specialty pharmacies require accurate insurance information because medications are costly and the majority of patients cannot afford to pay out of pocket. There is also a need to frequently update dosage information after routine monitoring to ensure the risks of side effects are mitigated. Specialty pharmacies handle medication that requires attention, which involves data management that will help manufacturers, payers, and pharmacies. For instance, specialty pharmacies might require referrals from insurance companies or doctors, which can be challenging in the absence of data management. As such, the pharmacy information system is essential to remove complexities that might arise when handling referrals. Pharmacy information systems ensure useful data is managed efficiently thus improving patient outcome, supporting process improvements, and improving revenue generation for the hospital.
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