Back-Office Support for Pharmacies
In the medical industry, the focus is always on patient care – which can leave the back-office side of operations needing to be addressed!
Back-office operations such as financial management, medical billing and coding, and inventory management are vital to the sustainability of your pharmacy.
Sandstone Medical Solutions aims to fill this gap by providing your business with comprehensive back-office support.
Our expert team can take care of all the back-office processes, letting you focus on the healing side of things – without being distracted by administration!
We can help with budgeting, cash flow forecasting, dashboards, KPIs, benchmarking, operational efficiencies, risk management, and financial health.
Why Pharmacies Need Specialized Back Office Support
Streamlined, specialized back-office functions are crucial for maintaining a pharmacy. These regulatory and financial tasks are demanding and require constant monitoring and research. Our skilled team can help inform you of regulatory changes related to your pharmacy's unique needs.
We can help with budgeting, cash flow forecasting, dashboards, KPIs, benchmarking, operational efficiencies, risk management, and financial health. We offer proactive solutions for sustainability planning, internal controls, reputation management, and succession planning.
Inventory management
One of the biggest hurdles of a pharmacy is accurate inventory management. We can help implement processes and procedures to track inventory using zones, inventory counts, and inventory management technology. Sandstone can help managers identify medications nearing expiration, optimize the ordering process, and generate forecasted demands. An effective inventory management system is critical to the success of a pharmacy.
Payroll and HR management
Pharmacies often have complex payroll situations, with various pay types, shift differentials, and more. Outsourcing payroll and HR functions to the experts at Sandstone streamlines these processes and ensures your business is compliant and your workforce is satisfied.
Medical Billing and Coding
The complexities of the healthcare industry are vast and constantly changing. Sandstone Medical Solutions can alleviate the stress of the constantly changing health insurance regulations, coding, credentialing, and new insurance companies. We have dedicated staff to keep our clients apprised of the changing rules within the healthcare industry.
Expanding practice
We understand many pharmacies are looking to expand their community outreach, whether you are a direct-to-patient or business-to-business pharmacy. At Sandstone Medical Solutions, we can create proformas, timelines, and benchmarks and guide you through expanding your existing practice to a multi-state pharmacy. Accurate financial planning and analysis is an excellent tool to ensure your practice’s profitability. Sandstone’s support helps ensure your strategies are precise and competitive, increasing your chances of success!
Technology integration
Technology is the future, and Sandstone can help your business make the most of the technology available to streamline your business and increase efficiency. From inventory management software to financial modeling, your business can benefit from integrating these technologies into your workflow.
Our Services
Sandstone Medical Solutions has a range of services designed to ensure your business runs smoothly.
By working with us, you can stay focused on building and growing your business while we take care of the time-consuming administrative tasks
Accounting and Financial Management
Our specialized financial support can take care of your accounting needs, cash flow management, and financial planning. We can help your business maximize profitability and help you make informed decisions.
Human Resources
Sandstone can help with every aspect of HR, ranging from labor law compliance to conflict resolution. We’re experts in recruitment, and employee benefits administration and can help you foster a positive and fully compliant workplace.
Administrative Responsibilities
We know admin can be time-consuming, so we take care of it for you! Document management, scheduling, communication – we can do it all, leaving your team free to focus on pharmacy activities.
Property and Inventory Management
We help you ensure your resources are efficiently managed, ensuring there is little waste and that all materials are on hand as needed!
Retail and Supply Chain Support
Sandstone can also help optimize your supply chain, including with procurement and logistics. We can also support the retail and purchasing side of the business, such as purchasing and invoicing.
Payroll and Income Taxes
We streamline the payroll process for you, taking on the time-consuming and often intricate job of paying your staff! We ensure everything is accurate and fully compliant so you can focus on the important details.
Information Technology (IT) Support
Our IT support systems can help you manage everything from system maintenance to cybersecurity. We help ensure your business’s technology infrastructure is robust and efficient, creating peace of mind and saving you time.
Data Analytics
Our expert staff can turn your raw data into an action plan. We collate and analyze the data to help you make strategic decisions and optimize your operations.
Getting Started with Sandstone Medical Solutions
Partnering with Sandstone gives pharmacies a huge advantage. You’ll benefit from our expertise while offloading the time-consuming administrative burdens that distract you from growing your business!
With a massive focus on customized solutions and improved efficiency, we make sure your business activities are supported by reliable back-office services. If you want to focus on your core pharmacy activities and focus on building a future for your company, reach out to Sandstone Medical Solutions today. Together, we can create a partnership that will enhance your project execution and reduce your distractions. Let’s lay the foundation for your success!