All You Need to Know About Pharmacy Data Analytics

With the ever-growing role of the pharmacy, data analytics are becoming essential. By locating data sources, combining them, and performing analytics, pharmacies can quickly respond to marketplace business needs and the demands of patients. They also need to collaborate with other health care providers to access patient health history and utilize cross-system data sharing to manage patients holistically. To help them do this, pharmacies need to consider implementing interoperable electronic health records.


Omnicell One provides visibility, insights, and workflow tools to pharmacy professionals. This service leverages predictive and prescriptive analytics to integrate information from all parts of the medication management process. By providing actionable benchmarks and insights, Omnicell One helps health systems achieve recovery goals faster. In addition, its comprehensive, cloud-based analytics platform enables healthcare organizations to share and analyze data across all sites. The result is a single source of truth for all pharmacy employees.

The company has also recently announced the integration of Sentry Data Systems' Sentinel RCM application with WorkflowRx 7.0 software. This integration will improve the restock process for all items, easing the pharmacy's workflow and boosting accuracy. Additionally, Omnicell is integrating Medisafe's mobile digital medication adherence solution into SureMed by Omnicell blister cards. The combined solutions will further improve patient care and operational efficiencies.


Lexicomp is a comprehensive database for pharmacists that has over 25 items that contain information on drugs, adverse reactions, and interactions. Users can search the database by drug name, medication type, and more and view the latest safety alerts and new drug approvals. It also contains a pill identifier, more than 100 clinical calculators, and two intravenous drug interaction tools. Its comprehensive database includes all the drug information a pharmacist could ever need.

While some databases are more user-friendly and convenient, others are more difficult to use. Lexicomp is a good example, as its interface makes it easy to navigate. Its interface is simple, yet it provides comprehensive information. For example, it includes complete descriptions of its content, publisher, and update date. As a result, it's better suited to novice users. However, some users have complained that the interface doesn't make it easy to navigate.

Lexicomp's streamlined dashboard

Pharmacists can more easily manage patient medication histories with the built-in drug information directory Lexicomp offers. Lexicomp provides comprehensive drug history, dosing, and contraindication information to help pharmacists make informed decisions regarding patient medication. In addition, Lexicomp's streamlined dashboard for pharmacy data analytics offers layers of protection, including password and security-based authentication and encryption. This solution provides the tools pharmacists need to manage patient medication histories, including information on drug interactions and adverse reactions.

Pharmacy staff can easily access relevant data using this streamlined dashboard without spending hours searching through a complex system. The system automatically reconciles the various medication data sources and visually presents the comparison. Users can access the data from any appropriate data channel item to view the reconciliation process. Direct data entry also enables them to compile the list. This ensures complete transparency in patient medication data and improves patient safety.

Setting business goals

Pharmacists can set business goals with the help of pharmacy data analytics. These data are stored in databases, including financial, category products, and supply chain systems. Traditional data storage practices focus on cost, size, and access. Today, pharmacy data analytics can be stored in the cloud and used for crucial performance metric dashboards and comprehensive category management. Setting goals and measuring progress is easy with pharmacy data analytics.

Pharmacists can use these data to improve their quality of care. For example, knowing the average revenue per customer helps them predict future revenue growth. With this information, they can justify acquiring more patients. Additionally, they can use this information to improve patient care. Setting business goals with pharmacy data analytics will help pharmacists set quality-of-care objectives. Once pharmacy management begins leveraging data analytics to improve patient care, they can move forward with other strategic initiatives.

Working with a data broker

The pharmacy industry continues to evolve, providing its patients with an increasingly broad scope of care. To address these concerns, it needs to gather, combine, and analyze data across a range of sources, ranging from supply chain systems to financial systems. This data can be a valuable asset, providing valuable insights and decision-making guidelines that help pharmacy operations respond more quickly to changes in the marketplace. However, to effectively manage this data, the pharmacy industry must collaborate with other healthcare organizations to expand access to patient health history and implement cross-system data sharing.

Pharmacy data brokers are experts in using this information to provide insight into customer compliance and the most effective programs and practices. They can also use this data to improve operational processes, profitability, and payer contract expectations. MRIs can cost anywhere from $300 to $5500, depending on the location and specialty. This insight is invaluable in developing and refining a better health plan design for employees. For this reason, pharmacies should partner with data brokers.

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