Outsourcing Medicines Procurement: A Prescription for Efficiency

The efficient and reliable procurement of medicines is a cornerstone of effective healthcare delivery. For clinics and hospitals, the complexities involved in managing a comprehensive pharmaceutical inventory can be a significant burden. This is where outsourcing medicines procurement to a specialised wholesaling pharmacy like Burlington Pharma can offer substantial benefits.

 

Benefits of Outsourcing Medicines Procurement

• Focus on Core Competencies: By delegating procurement, healthcare providers can focus precious resources on delivering patient care, improving clinical outcomes, and enhancing patient satisfaction.
• Cost Reduction: Increased purchasing power and combined economies of scale mean wholesaling pharmacies can often negotiate for better prices with suppliers on your behalf, resulting in significant cost savings for the healthcare facility. Wholesaling pharmacies buying on your behalf also take on a portion of the purchasing risk, reducing the financial burden healthcare facilities may incur when coming up against the risk of dead stock or minimum order quantities.
• Improved Efficiency: Outsourcing can streamline the procurement process, reducing administrative burden and freeing up staff time for patient-focused activities. Wholesaling pharmacies tend to have multiple purchase streams for effective procurement which is time-consuming and costly for healthcare facilities to replicate.
• Enhanced Drug Supply Reliability: A dedicated wholesaling pharmacy can maintain optimal inventory levels, reducing the risk of stock-outs and ensuring a consistent supply of medications.
• Expert Pharmaceutical Management: Specialised wholesaling pharmacies possess in-depth knowledge of the pharmaceutical market, drug regulations, and supply chain management, leading to improved decision-making and risk mitigation. That knowledge can be shared to improve medicines management within the healthcare facility and drive down waste.
• Risk Mitigation: Outsourcing can help mitigate risks associated with drug shortages, counterfeit medications, and regulatory non-compliance.
• Access to Technology: Specialized wholesaling pharmacies often utilise advanced technology to manage inventory, track drug usage, and provide real-time data to healthcare providers.
• Pharmacy Partners. Healthcare facilities may also consider utilising the registered pharmacy to dispense prescriptions issued by their clinicians, streamlining the patient journey as well as improving oversight when it comes to the medicines dispensed for their patients. Bespoke affiliation agreements can make this set up mutually beneficial for both clinic and pharmacy.
• Access to a Pharmacist. Pharmacists are the expert in medicines, and having dedicated access to a pharmacist through an outsourced specialised wholesaling pharmacy service can improve patient safety, help clinicians make more informed treatment decisions and diversify the healthcare facility’s clinical skillset at very little cost.

 

How Burlington Pharma Can Help

Burlington Pharma is a GPhC-registered Pharmacy with a WDA(H) wholesale license granted by the MHRA. We offer comprehensive medicines procurement solutions as well as a Pharmacy Partner service tailored to the needs of clinics and hospitals.

• Customized Procurement Services: Burlington Pharma works closely with healthcare facilities to understand their unique requirements and develop tailored procurement strategies.
• Competitive Pricing: Leveraging our strong relationships with suppliers, we are able to secure competitive prices on a wide range of medications. We will work closely with you to ensure your procurements needs are met and to budget.
• Efficient Order Processing: Streamlined order processing and delivery systems ensure timely and accurate fulfilment of medication orders.
• Inventory Management: Advanced inventory management systems help optimize stock levels, reduce wastage, and prevent stock-outs.
• Drug Information Services: Burlington Pharma provides access to up-to-date drug information and clinical support to healthcare professionals.
• Regulatory Compliance: As a registered pharmacy with a WDA(H) license, Burlington Pharma adheres to strict regulatory standards set by the GPhC and MHRA, ensuring compliance with all legal requirements.
• Data Analytics: Leveraging data analytics, Burlington Pharma can identify trends in drug usage, and work with you to optimise purchasing decisions and provide valuable insights to optimise your practice.

 

Key Takeaways:

• Outsourcing medicines procurement can free up valuable resources and improve efficiency within healthcare facilities.
• Specialised wholesaling pharmacies like Burlington Pharma offer expertise, purchasing power, and technology to optimise the procurement process.
• Burlington Pharma provides comprehensive procurement services tailored to the needs of clinics and hospitals.
• By partnering with a specialised wholesaling pharmacy like Burlington Pharma, healthcare organisations can achieve cost savings, enhance drug supply reliability, and improve patient care.