DATARITHM

Datarithm News

RxSafe & Datarithm Work Together to Offer Rx Inventory Peace of Mind

by: Dan Sullivan February 11, 2016

It is with great anticipation that RxSafe & Datarithm jointly announce a working business alliance between our two systems. RxSafe’s real-time perpetual inventory ensures 100% “minute to minute” on-hand accuracy. Datarithm delivers optimized order points and order quantities through advanced forecasting. With accurate on-hands and optimized replenishment points established, surplus inventory is quickly identified. Datarithm’s “return to wholesaler” and “store-to-store” transfer recommendations allow pharmacies to attack their daily surplus. Continued use of both RxSafe and Datarithm results in the avoidance of future overstocks and suppresses carry costs. This leads to better cash flow, increased customer service levels, and greater profits.
“We are excited to have a business alliance with RxSafe. Their RxSafe 1800 System, and all that it does, combined with Datarithm’s customizable Rx inventory software, and all it does, makes for a very flexible, powerful, and automated solution”. – Dan Sullivan, VP of Sales & Marketing for Datarithm
“At RxSafe, we are passionate believers in the power of technology to improve service delivery and profitability in pharmacy. When our customers combine Datarithm’s sophisticated inventory modeling with RxSafe’s proven automated perpetual inventory accuracy, the result is a game-changing model that eliminates cycle-counting, frees up cash, and allows pharmacies to focus on patient care and services.” – William Holmes, President & CEO at RxSafe

 

RxSafe is the leader in automated, high-density robotic storage and retrieval technologies for all types of pharmacies. Our flagship RxSafe inventory control systems enable pharmacies to take control of their inventory management and prescription fulfillment processes, enhance patent safety, and increase profitability. RxSafe’s industry-leading RxASP adherence packaging technology enables pharmacies to custom package patient medications in strips with unprecedented throughput, accuracy, and efficiency, as well as the lowest consumables cost in the industry. For more information, visit http://www.rxsafe.com.

Datarithm & Pioneer Rx Launch Interface

by: Dan Sullivan October 26, 2015Datarithm & Pioneer Rx have completed the construction, testing, and launch of a bi-directional interface. Datarithm further enhances an already strong and forward thinking Pioneer Rx application. Our shared co-client list has grown rapidly simply by “word of mouth”. We are excited to market the fully functional interface to Pioneer Rx clients looking for the most complete Rx inventory control with advanced analytics.

Datarithm Surpasses 400 Users!

by: Dan Sullivan October 22, 2015Datarithm’s has surpassed 400 users! The 2nd and 3rd Quarters of 2015 have flown by and Datarithm’s client base has exploded. We would like to thank our new and longtime clients for their generous testimonials. “Word-of-mouth” continues to be our most powerful marketing tool. It only works with happy clients that are experiencing an average net reduction of 20% in the Rx inventory levels while increasing their customer service levels. We forecast continued steady growth throughout Q4 of 2015 and beyond!

Special Thanks to Computer Rx from Datarithm

by: Dan Sullivan April 20, 2015Datarithm recently attended the Computer Rx Idea Exchange in Oklahoma City.  Due to the completed bi-directional interface between Computer Rx and Datarithm; the vendor part of the exchange was a huge success.  A special thanks to our partners at Computer Rx!

Datarithm and CARE Pharmacies Cooperative Sign Agreement

by: Dan Sullivan December 9, 2014Datarithm and CARE Pharmacies Cooperative have signed an agreement to partner in the optimization of member prescription drug inventories.

Drug Store News issued the press release December 3rd, 2014.

http://www.drugstorenews.com/article/datarithm-care-pharmacies-partner-inventory-optimization-solution

 

Datarithm Attends CARE Annual Meetings

by: Dan Sullivan November 24, 2014For the second consecutive year Datarithm attended the CARE Pharmacies Annual Meetings as a participant in the vendor show as well as a break sponsor.  As CARE Pharmacies has grown its membership, their need for inventory control has become increasingly important.  Datarithm is happy to work with both the individual CARE pharmacy owners along with the CARE Pharmacy Coop in general.  We look forward to a long relationship with CARE!

Datarithm Lands the #2 Spot in Rx Insider’s 20 Ways Fall 2014 Edition

by: Dan Sullivan November 11, 2014Datarithm has landed at the #2 spot in Rx Insider’s 20 Ways Fall 2014 Edition.  The issue’s focus of Retail, Specialty, & LTC is a bi-annual publication with distribution in print and online.  Steady growth and brand awareness is the ultimate goal.  The fall & spring editions of 20 Ways have a circulation near 32,000.  It has become clear that Datarithm’s growth continues to trend upwards.

http://rxinsider.com/ebooks/20ways_fall14/#/12/

NACDS TSE 2014 is a Success for Datarithm

by: Dan Sullivan September 8, 2014Datarithm’s staff wrapped up a very busy summer at the NACDS Total Store Expo in Boston, August 22-26th.  The expo featured both front of store and back of store vendors.  Datarithm’s booth, amongst the back of store vendors, was consistently busy with both prearranged appointments as well as “walk ups.”  Datarithm’s solution to the most common inventory problems is unique enough that simple word of mouth at the expo produced several quality leads.  Our schedule this fall remains full as we bring new clients on board and begin preparations for NCPA Austin, TX.

Datarithm Spreads the Word – Rx Drug Abuse is an Epidemic

by: Dan Sullivan May 28, 2014Please view the following video provided by Drug Store News.

Datarithm Spends Time in Florida

by: Craig Lyndon February 10, 2014The Datarithm staff has been logging those frequent flier miles to Florida in the first quarter of 2014. Dan Sullivan, Director of Sales & Marketing and Dave Belinski, EVP have just returned from the NACDS Regional Chain conference at the Ritz Carlton in Naples, FL only to turn around and head to the NCPA Multiple Locations conference at the Waldorf Astoria also in Naples.

Sullivan states, “Vendor shows & conferences are critical to Datarithm’s growth, as well as, an opportunity to meet face-to-face with existing clients to discuss upcoming feature sets to our application”.

The Datarithm team closes out their Florida travels at the end of February when they attend the Independent Pharmacy Business Growth Conference by PDS in Orlando at the Gaylord Palms.

Datarithm Launches DRM-Lite

by: Craig Lyndon February 9, 2014In response to market demand Datarithm has launched a “lighter” version of its application. Dubbed “DRM-Lite” it delivers key data to pharmacies so that they may make critical inventory decisions in a timely manner. “Datarithm’s full application streamlines and automates as much of the prescription drug inventory work as we possibly can, however that process can take time due to the fact that we partner with pharmacy management systems (PMS). While interfaces are under construction with PMS providers, we can still bring immediate value to a pharmacy by delivering easy to use and interactive reports, quarterly. Pharmacy decision makers can then use our reports however they deem useful; the end game is to increase profits and customer service levels” said Dan Sullivan, Director of Marketing and Sales.

“DRM-Lite is geared towards forecasting, which delivers significant benefit regardless your PMS provider” stated Michael Dowd, Chief Information Officer and Co-Founder. Datarithm’s full application is currently divided into 3 “pillars”: (1) Forecasting, (2) Balancing, and (3) Cycle Counting. Each “pillar” focuses on a specific function in the optimization of a pharmacy’s prescription drug inventory. “DRM –Lite’s focus is on forecasting; it delivers listings of optimized inventory replenishment points (Min / Max or OP / OQ); those in turn, will reduce slow, overstocked, and dead inventory and all associated expenses; reduce costly stock-outs; and lower incidence of expiring drugs” Dave Belinski, EVP of Datarithm reports.

Whether you are a single store, regional chain, or a version of a pharmacy; if you carry a prescription drug inventory DRM-Lite may be “a fit for profit”.

 

New Website Launch

by: Craig Lyndon February 8, 2014Datarithm has launched its new website. “The updated look and feel will allow viewers to gain up-to-date knowledge about not only Datarithm and our products, but also our affiliates, whose relationships we value greatly”, stated Dan Sullivan, Director of Sales & Marketing.
The website began the process to its new look in late October of 2013. After preforming an exhaustive audit, a punch-list of features and updates was created. Searching for the best fit; Datarithm then solicited bids from three different website design teams. Sullivan continued, “it made sense that we performed our due diligence in comparing different web design teams for the best possible fit to our needs; after all, our Datarithm application does just that, we gather dispensing history of a pharmacy’s prescription drug inventory and our system automatically applies the best fit lowest error algorithm and/or precise logic to predict upcoming demand.”

In the end Datarithm selected Common Giant, whom they already had a marketing history with. Common Giant began the concept/design process in early November 2013 and worked quickly to deliver wireframes. Once approved by Datarithm, Common Giant’s developers went to work building the new site. Andrew Bort, Datarithm’s Application Architect, was impressed by Common Giant’s ability to be “responsive and creative” in such a timely manner. The new website went live 3 months after the project began. “Common Giant banged the site out, there were weekly meetings where we at Datarithm would issue changes and suggestions, those issues were addressed and work continued right on schedule”, closed Sullivan.
Datarithm’s affiliates are located on the new home page, the horizontal list is scrollable and each logo is an active link.

 

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