Yes; they are a couple of ways to do it. One is to plumb in a return line from near the far end of your hot water run back to the cold water inlet on the water tank and then the pump (we use a little Grundfos) pushes water around the line continuously. We have our on a timer. The other way is to get a thermal bypass valve or
sensor valve(s) in addition to your pump, but not plumb in a return line. The sensor valve is a heat swelling plug between the hot and cold lines. When it is cold, it lets the cold "hot" water bleed through to your cold water line. When warm water gets there, it swells shut. You can put in several throughout your house to have instant warm water at distant faucets. They do wear out, but we have had ours for over a decade.
We love it.
We also replaced the anode rod with an electronic version that doesn't wear out and doesn't need annual cleaning. I highly recommend them if your water isn't super soft and you aren't in the habit of frequently cleaning your water heater anode rods. We bought ours from
Powered Anodes - Water Heater Rescue Our water heater lifetime has more than tripled, and still counting...
All the best,
Peter