A Bristol technology company that provides patient medical record (PMR) systems for community pharmacies has increased its workforce by adding 12 new employees.
Titan PMR has developed cloud-based software that helps pharmacies manage drug dispensing and control business activities, in an effort to speed up the user experience for both patients and practice owners.
The group has now increased its workforce to more than 50 to meet demand, which it says stems from “a deluge” of independent pharmacists investing in new businesses.
Tian said there was “a big national shift” taking place in the industry, as big chains look to sell or close community pharmacies.
From last October through January this year, the firm said it had installed its technology in 125 pharmacies, more than double the number in the same period before, and most of its customers had bought new pharmacies. Titan said its new team of recruits had been created specifically to handle the new pharmacy transfers.
The company said its platform was used to dispense four million prescriptions per month across the country, equivalent to 5% of the UK market. The company said it is looking to double these numbers by reaching 10% of the market share by the end of 2023.
CEO Tariq Muhammad, who worked as a pharmacist before establishing Titan’s parent company, Invatech Health, said: “I predicted that 2022 would be the year of independence. It’s been happening, and we’re eager to play our part in facilitating the transition from big corporate dominance to more dynamic independent ownership.
“Pharmacy technology has lagged behind other sectors, but Titan has been a game changer for the industry and with its unique features, such as artificial intelligence that helps free up pharmacists’ time, it is setting the standard that all other systems follow.
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