Many buying groups tell you they can make your pharmacy more profitable. But can they prove it? AAP can. Here is the information you need to know about the actual value of AAP programs.
- What is ProfitAmp?
ProfitAmp is a comprehensive business intelligence tool that delivers a deeper look into your independent pharmacy operations.
- How does ProfitAmp work?
ProfitAmp analyzes your dispensing data through your Pharmacy Management System to identify key dispensing trends, missing patients and income.
- How much revenue does ProfitAmp generate?
Through an easy-to-use dashboard, ProfitAmp provides customizable reports with immediately actionable data that pharmacies can use to improve patient care, increase revenue, adherence and more. Pharmacies actively using the Missing Refills Opportunity Queue generated, on average, an additional $21,991.82 in revenue in January 2024.
- What is SmartSync?
SmartSync is a bulk-ordering solution from AAP to help you save even more on your pharmacy’s most common inventory that you’re buying from API Warehouse.
- How does SmartSync work?
AAP analyzes your ProfitAmp dispensing data each month to suggest a 30-day bulk order from API Warehouse, tailored to your store’s needs.
- How much does SmartSync save a pharmacy?
Over the last 12 months, pharmacies saved an additional 4.04% off invoice from each order, taking advantage of the freight discount only available on SmartSync orders. That’s $227,104 API paid to pharmacies instead of the freight carriers.
Also, annual pharmacy profit increases totaled $2,645,683, an average of $28,757 savings per pharmacy, or $2,396 per month, versus buying the same generics from another wholesale entity.
- What is Scan & Toss?
Scan & Toss is the easiest way to reorder your inventory. It is an app you download to your computer, tablet or even your phone and it syncs across multiple devices.
- How does Scan & Toss work?
You simply scan the barcode on any Brand Rx, Generic Rx or OTC product that you purchase from either API Warehouse or our national primary wholesaler. The lowest net-priced item will always be added to your cart. You can adjust the quantity from there.
- How much does Scan & Toss save a pharmacy?
The average pharmacy earned an extra $332.64 in API rebate per month on generic purchases from API Warehouse. Over the course of a year, that’s $3,992 extra.
- What are Retail Plan-O-Grams?
Retail Plan-O-Grams are relevant retail sets created by AAP for our independent and community pharmacy Members.
- How are Retail Plan-O-Grams created?
AAP draws from all sources of retail data including POS (Point of Sale) data from independent drug stores to develop the best front-end layout of your OTC stock.
- How much extra revenue does Retail plan-O-Grams generate for a pharmacy?
The average planogram rebate last year was $463.43. Our most engaged pharmacy received almost $14,000.
In addition, we gave pharmacies another $5.4 million in coupons, free products, samples and contract pricing.
To learn how AAP and API Warehouse can help your bottom-line, contact your Pharmacy Business Advisor.