financetom
Business
financetom
/
Business
/
eVitalRx becomes first pharma ERP system integrated into ONDC network
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
eVitalRx becomes first pharma ERP system integrated into ONDC network
May 18, 2023 7:32 AM

eVitalRx, a health tech startup, has become the first Pharma ERP system integrated into the ONDC network, a Government of India initiative. Additionally, it has launched cloud-based ERP software for pharmacies.

Share Market Live

NSE

This integration empowers pharmacy business owners to compete with major market players and establish an online presence, eliminating the need for developing their own applications. The real-time inventory updates provided by the cloud-based software have positioned it as one of the preferred choice within the industry, eVitalRx said.

The company has delivered a solution to address daily operational challenges faced by pharmacists. Kaushal Shah, CEO at eVitalRx said, "At eVitalRx, our focus lies in providing innovative pharmacy billing and ERP software, leveraging the advantages of cloud-based SaaS and mobile accessibility. Our state-of-the-art software is designed to ptimise pharmacy business operations, catering not only to retail pharmacies but also chain pharmacies, generic pharmacies, clinical pharmacies and health tech startups."

Shah emphasised that eVitalRx recognises and supports India's transition towards generic medicines.

“To facilitate this shift, the software incorporates a feature that enables pharmacists to seamlessly convert branded medicines into their generic counterparts (Rx to Gx) with a single click. This unprecedented capability is made possible by product catalogue, encompassing over 3,00,000 medicines, along with dosage formulation, salt content (API), therapeutic categories, and regulatory schedules. The catalogue continues to expand with the addition of 2,000+ products each week. With more than 200,000 medicine pictures and 15,000 unique salt (API) and combination listings, pharmacists can easily find in-stock alternatives, addressing a significant challenge that hindered the adoption of generics in the past,” he said.

eVitalRx said it aims to forge strategic partnerships with other industry players, including EMR and HMS software providers, insurance companies and health tech startups. Currently, over 4,000 pharmacies operate on the eVitalRx software, and the company plans to expand this number to 10,000 within the fiscal year 2023-2024.

First Published:May 18, 2023 4:32 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved