MedSoftwaresMedSoftwares
Book a Demo
Industry InsightsJanuary 10, 202615 min readUpdated January 10, 2026

How to Start a Pharmacy Business in 2026: Complete Software Setup Guide

Complete guide to setting up pharmacy software for your new pharmacy business. From licensing to inventory setup, learn everything you need for a successful launch.

M

MedSoftwares Team

Healthcare Technology Experts

How to Start a Pharmacy Business in 2026: Complete Software Setup Guide

Starting a pharmacy is exciting but complex. Your pharmacy management software is the backbone of operations—choose wrong and you'll struggle from day one. This guide walks you through everything you need to know about setting up pharmacy software for a new business.

Before You Choose Software

1. Define Your Pharmacy Type

Different pharmacy types have different software needs:

| Pharmacy Type | Key Software Needs | |--------------|-------------------| | Independent Retail | POS, inventory, prescriptions | | Chain/Multi-Branch | Central management, reporting | | Hospital Outpatient | Integration with hospital systems | | Specialty | Prior auth, specialty workflows | | Compounding | Formulation tracking | | Long-Term Care | Facility management, cycle fills |

2. Assess Your Market

Consider your location's requirements:

  • Regulatory compliance (FDA, state board, DRAP, NMRA, etc.)
  • Insurance systems (commercial, Medicaid, NHIS, etc.)
  • Payment preferences (cash, mobile money, cards)
  • Language needs (local language support)
  • Internet reliability (offline capability?)

3. Set Your Budget

Software costs vary widely:

| Pricing Model | Typical Cost | 5-Year Total | |--------------|--------------|--------------| | One-Time License | $300-$3,000 | $300-$3,000 | | Monthly Subscription | $200-$500/mo | $12,000-$30,000 |

Recommendation: For new pharmacies, one-time licensing preserves capital for other startup costs.

Choosing the Right Software

Essential Features for New Pharmacies

Must-Have Features:

  • [ ] Point of Sale (POS)
  • [ ] Prescription management
  • [ ] Inventory management
  • [ ] Patient profiles
  • [ ] Drug interaction checking
  • [ ] Basic reporting
  • [ ] Insurance/billing

Important Features:

  • [ ] Barcode scanning
  • [ ] Expiry tracking
  • [ ] Reorder alerts
  • [ ] Multi-payment support
  • [ ] Offline capability

Nice-to-Have Features:

  • [ ] Mobile app
  • [ ] Analytics dashboard
  • [ ] Patient messaging
  • [ ] E-prescribing
  • [ ] Delivery management

PharmaPOS for New Pharmacies

PharmaPOS is designed with new pharmacies in mind:

  • Affordable one-time license: Preserve startup capital
  • Quick setup: Be operational in days
  • All essential features: Everything you need included
  • Growth ready: Add branches as you expand
  • Training included: Get up to speed fast

Get Started with PharmaPOS

Software Setup Process

Step 1: License and Installation (Day 1)

  1. Purchase software license
  2. Download or receive installation files
  3. Install on pharmacy computer(s)
  4. Activate license
  5. Initial configuration

Step 2: Business Configuration (Day 1-2)

Configure your pharmacy details:

  • Business Information: Name, address, license numbers
  • Tax Settings: Sales tax, VAT configuration
  • Receipt Customization: Logo, contact info, legal text
  • User Accounts: Staff logins with appropriate permissions
  • Payment Methods: Cash, cards, mobile money

Step 3: Inventory Setup (Day 2-3)

Building your drug database:

Option A: Import Catalog

  • Import standard drug database
  • Add local/regional products
  • Set pricing

Option B: Build as You Stock

  • Add products as received
  • Scan barcodes for accuracy
  • Enter pricing and reorder points

Key Data for Each Product:

  • Drug name and strength
  • NDC/barcode
  • Purchase cost
  • Selling price
  • Reorder point
  • Shelf location
  • Expiry tracking

Step 4: Supplier Setup (Day 2)

Configure your wholesalers:

  • Supplier name and contact
  • Account numbers
  • Payment terms
  • Order preferences
  • Lead times

Step 5: Insurance Configuration (Day 3-4)

If billing insurance:

  • Insurance company setup
  • Plan details
  • BIN/PCN numbers
  • Claims submission settings
  • Rejection handling

Step 6: Testing (Day 4-5)

Before opening:

  • Process test prescriptions
  • Ring up test sales
  • Test insurance claims (if applicable)
  • Generate sample reports
  • Verify receipt printing
  • Test all payment methods

Step 7: Training (Day 5-6)

Train all staff on:

  • Daily operations
  • Customer checkout
  • Prescription processing
  • Inventory receiving
  • End-of-day procedures
  • Common troubleshooting

Step 8: Go Live (Day 7)

Open for business with:

  • Full system operational
  • Staff trained and ready
  • Support contacts handy
  • Backup procedures in place

First Week Operations

Daily Tasks

Opening:

  • Verify cash drawer
  • Check system status
  • Review alerts/messages

During Day:

  • Process prescriptions
  • Customer sales
  • Handle payments
  • Receive inventory

Closing:

  • End-of-day report
  • Cash reconciliation
  • Backup data
  • Secure system

Key Reports to Run

Daily:

  • Sales summary
  • Cash register reconciliation
  • Prescription log

Weekly:

  • Inventory levels
  • Low stock alerts
  • Expiry alerts
  • Sales by category

Monthly:

  • Profit and loss
  • Inventory valuation
  • Insurance claim status
  • Top sellers

Common New Pharmacy Mistakes

1. Choosing Based on Price Alone

Cheapest isn't always best. Consider total value including support, training, and long-term costs.

2. Insufficient Training

Invest time in proper training. Rushing leads to errors and frustration.

3. Poor Inventory Setup

Garbage in, garbage out. Take time to set up inventory correctly from the start.

4. No Backup Plan

Always have backup procedures for system failures, power outages, or internet issues.

5. Ignoring Integration Needs

Consider what you'll need to integrate with—insurance, wholesalers, accounting systems.

Scaling Your Pharmacy

As you grow, your software should scale:

Adding Staff

  • Create new user accounts
  • Assign appropriate permissions
  • Train on relevant modules

Adding Services

  • Enable additional modules
  • Configure new workflows
  • Train staff on new services

Adding Locations

With PharmaPOS multi-branch features:

  • Add new location license
  • Configure branch settings
  • Enable central management
  • Set up inventory sharing

Conclusion

Starting a pharmacy requires careful software selection and setup. PharmaPOS provides new pharmacies with affordable, feature-rich software that's easy to set up and scales with your growth.

Start Your Pharmacy with PharmaPOS | View Demo

Related Articles

Share this article

Related Articles

Ready to Transform Your Healthcare Facility?

Join thousands of pharmacies and hospitals across Africa using MedSoftwares to streamline operations.

CONTACT US