2024 is bringing a lot of changes for pharmacy owners. Here are three trends you should incorporate into your pharmacy for success. The pharmacy industry is no stranger to change. Constant updates to contracts, the supply chain, and patient expectations have shaped the way pharmacy owners should approach 2024 and beyond. With new challenges come […]
3 Trends for Independent Pharmacy Owners for 2024 Read More »
Gross Profit Margin is a financial metric that calculates the percentage of revenue left after deducting the cost of goods sold (COGS). In the context of a pharmacy, the revenue represents the total income generated from selling medications, healthcare products, and services
The Importance of Gross Profit Margin for Pharmacy Owners Read More »
Improving your pharmacy’s cash flow is more critical than ever before! From the 2024 DIR fee apocalypse to aggressive audits to dwindling profits.
Cash Flow Secrets: 7 Tips to Improve Your Cash Flow Read More »
Reduce the everyday stress of checking your bank account and increase your pharmacy’s days of cash on hand! Talking about cash on hand isn’t very sexy, and many pharmacy owners prefer to skip over this critical topic. It is much more exciting to talk about supplements, PGx testing, or getting more efficiency from your employees.
Days Of Cash On Hand Read More »
Profit is the key to staying in business. Understanding the types of pharmacy profit and what it isn’t will be critical to your pharmacy’s success. What Profit Isn’t Profit is not cash in your bank account, at least for most pharmacy owners. Remember this equation Profit ≠ Cash, and the reverse is true Cash ≠