How is RPA Solving The Most Critical Challenges of Pharmaceutical Industry Management?
Today’s pharmaceutical companies are overburdened by several challenges, such as – incredibly high volume, stringent regulations, and high costs. These pressures can cause several management challenges for them. These challenges create the perfect environment for robotic process automation (RPA) to improve the patient experience, increase efficiency, and make their management a lot easier.
What is RPA?
With the help of special software, this automation technology mimics several tasks of human workers, such as extracting data, moving files, and filling forms. Combining APIs with user interface (UI) interactions can perform repetitive tasks between productivity and enterprise applications. It deploys scripts that emulate human processes to execute various functions autonomously across unrelated software systems.
During the COVID-19 crisis, automation proved to be very beneficial for the pharmaceutical industry for clinical trials and vaccine development. Besides these critical functions, there are a large number of routine tasks that it is capable of performing, which benefits the industry in the following ways:
Increased efficiency and accuracy
It is capable of performing tasks around three or four times faster than humans, without getting tired. This speeds up the collection of real-time information, speeding up clinical trials. As a result, pharma companies can come up with new medicines in a short span of time.
Another benefit is that they exceed the accuracy that any human could provide.
They are very self-reliant, and humans are only required to select the correct program for the robotic system itself. They are low on maintenance, and the overall cost of using them is far less expensive.
Accurate data collection and analysis
Pharmaceutical companies need to acquire reliable information about population health statistics such as disease awareness, the total cost of care for a specific illness, medication compliance, etc. With the help of automation, companies can fetch statistical data from various sources and gather valuable information from it by applying analytics to it. This helps them to generate insights about customers, industry trends, and commercial patterns very fast, enabling them to carry out drug and vaccine development with better and faster results.
Robotic Pharmacies for accurate medication
Several big hospitals and pharmacies have started experimenting with robotic pharmacies to dispense various medications. In such pharmacies, human pharmacists are not required to dispense medications physically. The benefits of such automated pharmacies include:
- Decreased errors in giving out incorrect medicines.
- Reduced staff latency
- Increased efficiency.
Eradication of counterfeit medicines
This technology can be instrumental in the identification of counterfeit medications. With the help of robotics, drugs can be traced from the production stage all the way to the point of sale.
Recording Audit Procedures
The auditing procedure involves several tasks for the assessment of risks. These tasks and processes and their results have to be recorded to generate reports, which are then sent to concerned parties for verification and approval. These reports are necessary for regulatory compliance. But collecting and evaluating different reports from different auditing tasks can be pretty challenging, which can lead to human errors, and errors can result in non-compliance with regulations.
RPA can optimize audit procedures in the following ways:
- It can record data and generate reports.
- The reports are automatically shared with concerned parties for evaluation and approval.
RPA software can help pharma companies ensure accountability for different auditing procedures with this approach. Even if non-compliance happens by any chance, RPA software can quickly identify the person who approved the reports, increasing accountability.
As RPA cuts down the possibility of human errors, it strengthens compliance with increasingly complex regulations and stringent standards—saving companies from penalties unnecessary hassles – improving their brand reputation.
The pharma industry has traveled a really long distance over the past century. As the pharmaceutical industry continues to grow, it will face new challenges. But with the help of new technologies like robotic process automation, it can overcome its most significant challenges and enable efficient utilization of the human workforce.