Retail pharmacy specialist Ventura Health and Fred IT are partnering to implement the Fred NXT cloud solution nationally, providing Ventura with long term competitive gains while also catering to the individual needs of its pharmacies.
As a multi-brand pharmacy resource centre, Ventura Health supports the diverse retail management and technology needs of more than 80 pharmacies, including Cincotta Discount Chemist, Mega Save Chemist, You Save Chemist, Max Value Pharmacy, Better Buy Pharmacy, and My Medical Pharmacy.
According to Mario Capanna, CEO, Ventura Health, the group embarked upon the partnership to embrace digital changes in retail pharmacy.
“Our partnership with Fred was driven by the need for greater flexibility and future-proofing. We wanted to match the contemporary landscape facing pharmacy and provide much greater flexibility and individualised support for our pharmacies,” Capanna says.
“We wanted to provide our pharmacies with multiple options for honing their competitive advantage, such as the ability to provide more competitive offers, to target pricing and stock from store to store, and to adapt to the demographic needs of customers.
“Investing in a new head office management platform was clearly the answer.
“We also needed a guarantee that we were investing in a platform that would evolve with our future needs.
“Our new head office management system will allow our pharmacies to take advantage of different business opportunities as these arise, whilst also providing the flexibility that we need to adapt and grow in the future.”
According to Paul Naismith, CEO, Fred IT Group, the partnership represents a significant opportunity for advancing best practice in pharmacy and retail management.
“We are delighted to be working with Ventura Health to realise their vision for a more adaptable and durable head office management system that can also deliver on the benefits of cloud computing, such as lowered infrastructure costs and increased competitive efficiencies,” says Naismith.
“Longer term, the partnership lays the foundation for continued innovations in how we manage retail pharmacy environments, with a view to increasing business success for pharmacies and strengthening customer service.”
Mario Capanna says, “The partnership between Ventura Health and Fred is based on a strong cultural fit. We were drawn to the fact that Fred is progressive, with a longstanding history of investing in the R&D necessary to pioneer the digital space for pharmacy.
“Together with the backing of its partners Microsoft and Telstra Health, we can have confidence that this platform will provide a long term investment and road map.”
Fred NXT is an Australian cloud based platform developed specifically for pharmacy. It provides a single, integrated platform to connect all areas of a retail pharmacy business, delivering greater efficiencies and helping businesses respond to marketplace changes quickly and cost-effectively.