Return on Investment Calculator
Return on investments (ROI) for technology that improves operations can be readily calculated. Your ROI calculation can then be used as a simple basis to make the decision to deploy a technology or not.
While each pharmacy is unique, the prescription pickup line of revenue remains a major source of revenue for most brick and mortar pharmacies serving their local community. Central to that operation are pickup and return to stock workflows. Many pharmacies still operate these processes manually and rely on the least trained and lowest paid members on their team. SimpLED can readily automate these critical workflows which are central to your identity and level of service pharmacies can provide their customers.
There are several categories of return on investment for implementing SimpLED in your pharmacy. This calculator can be used to estimate the return on investment achieved by automating pickup and return to stock.
This calculator does not include the value of improved morale and energy level of your team, incremental value your pharmacy can now create by freeing up your team to do other clinical or revenue generating tasks, or money saved by managing inventory more precisely. Managers and owners should think of this return on investment calculator as a floor, with substantial additional upside made possible by deploying SimpLED into your pharmacy.
We invite you to request a Free Consultation if you have questions on this calculator or are looking to understand how to use SimpLED to grow your business.
