In the ever-evolving landscape of pharmaceutical regulations, pharmacies face increasing pressure to maintain stringent compliance standards. Among the most critical regulations is the Drug Supply Chain Security Act (DSCSA), enacted to enhance the security, traceability and accountability of the drug supply chain. The DSCSA mandates the use of standardized systems for tracking prescriptions from the producer to the dispenser throughout the entire supply chain. Compliance with DSCSA isn’t just a legal requirement, it’s crucial for patient safety and maintaining a trustworthy reputation.
In the recent webinar, “5 Ways to Drive DSCSA Compliance with Smarter Purchasing”, hosted by Drug Topics, the SureCost team discusses DSCSA compliance challenges and how SureCost’s innovation solutions overcome these obstacles. This blog provides a comprehensive summary of the webinar, highlighting key insights and solutions discussed on overcoming DSCSA compliance challenges by implementing SureCost’s Purchasing, Inventory and DSCSA Compliance Solution.
DSCSA Challenges Faced by Pharmacies
Data Consolidation and Accuracy
Accurate data consolidation is a difficult process that pharmacies must do in order to manage their inventory, make purchases and generate reports. Particularly for pharmacies operating across numerous locations or with a large transaction volume, failing to keep proper records and submit reports on time might result in penalties and compliance concerns.
The DSCSA’s mandate that pharmaceuticals must be purchased from authorized distributors provides difficulties in avoiding drug shortages, ensuring that the proper medications are accessible when required. Pharmacies must take into account product availability, cost and shipping delays. Additionally, the process is complicated by a lack of resources for buying and inventory management.
Maintaining Vendor Relationships
To ensure compliance, pharmacies must keep accurate records of all transactions and confirm the compliance of their manufacturers and suppliers. This involves efficient communication and performance evaluation, especially when dealing with multiple vendors and manufacturers.
A Path to DSCSA Compliance and Pharmacy Excellence
SureCost empowers pharmacies with a comprehensive solution to tackle the challenges posed by DSCSA while elevating pharmacy operations to new heights. The SureCost webinar, emphasizes the importance of Smarter Purchasing to drive DSCSA compliance as it enables pharmacies to efficiently source and track prescription drugs from authorized distributors, reducing the risk of non-compliance fines and ensuring the availability of legitimate medications.
Accurate Data Consolidation
The core of SureCost’s DSCSA compliance solution is the capacity for data consolidation. Pharmacies struggle greatly to manage data from numerous systems, which results in errors and compliance problems. With SureCost, this effort is lessened since the integrated platform collects data from a variety of sources, including suppliers and Group Purchasing Organizations (GPOs), giving pharmacies access to a single source of DSCSA-related data. SureCost enables timely and accurate reporting, minimizing the risk of penalties and reputational harm, by centralizing and precisely tracking drug data across the supply chain.
SureCost’s integrated technologies enable pharmacies to streamline their pharmacy operations and ensure adherence to DSCSA regulations. The platform’s seamless integration provides pharmacies to track and manage pharmaceutical inventory and transactions efficiently. With a comprehensive view of inventory data, including product tracking and tracing from manufacturing to receiving, pharmacies gain heightened visibility and control. The mobile app further enhances accuracy, providing automatic alerts on discrepancies and incorrect pricing and quantities. Integrated technologies provide pharmacies with accurate and up-to-date reports, facilitating better decision-making and enhancing overall efficiency in management inventory.
Optimized Purchasing and Vendor Relationship Management
SureCost enhances vendor relationships by ensuring vendor accountability and providing transparent drug prices upfront. Pharmacies track compliance with DSCSA regulations and monitor vendor performance effectively, leading to improved decision-making and stronger partnerships.
Enhanced Inventory Management
SureCost’s Inventory Management solution empowers pharmacies to optimize stock levels and minimize waste by tracking inventory from submitting purchasing orders to receiving. Pharmacies prevent out-of-stocks and overstocks, reduce the risk of dispensing expired or counterfeit medications and ensure shelf life compliance. This leads to a more efficient supply chain and an improved patient experience.
Smarter Purchasing and Convenience
Automated purchasing capabilities enable pharmacies to overcome DSCSA problems efficiently. SureCost utilizes therapeutic equivalents to find substitutes for drugs in short supply, reducing non-compliance risks. Pharmacies view accurate pricing information upfront and make well-informed purchasing decisions, ultimately enhancing operational convenience and profitability.
SureCost delivers pharmacies a transformative solution to navigate the complexities of DSCSA compliance while streamlining operations for enhanced efficiency and profitability. By consolidating data, integrating technologies, optimizing purchasing and ensuring vendor accountability, SureCost empowers pharmacies to focus on patient care and business growth while adhering to critical regulatory requirements. With SureCost, pharmacies bid farewell to supply chain disruptions, fines and reputational damage, paving the way for a successful and compliant future.
Watch the webinar now to discover how SureCost ensures seamless compliance and streamlines pharmacy efficiency!