Last week we shared our Top 2022 Blog Resources For Team Development. This week we will cover the most popular blogs from 2022 that focus on KPI (key performance indicator) Optimization, our sixth (and final!) Pharmacy Profit Pillar. Here’s an overview of the 6 Pharmacy Profit Pillars: Use your KPI data to make smarter, better …
Top 2022 Pharmacy Blog Posts for Independent Pharmacy KPI Optimization Read More »
Have you been on the sidelines regarding selling CBD in your pharmacy? Or, perhaps, you took action and ordered products that are really good at collecting dust. No matter where you are in your CBD journey, let’s get your pharmacy ready to help patients and boost your pharmacy profit. Sexy Sells Patients will pay for …
Your pharmacy payroll has the power to make you or break you. We consider it one of the 3 critical KPIs (key performance indicators). How Do You Know If Your Pharmacy Payroll is High, Low, or Just Right? To determine your payroll grade, you need to calculate your payroll ratio. Your payroll ratio is a …
How to Quickly Lower Your Pharmacy Payroll Without Firing Anyone 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. …
What will your pharmacy look like in 5 years? You create your future by setting a pharmacy vision and planning your pharmacy goals. Bring your pharmacy vision, dreams, and goals to life! Setting a pharmacy vision and goals for your business is essential to creating profit and success. Knowing where you want to go provides …
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 ≠ …
Having strong pharmacy cybersecurity is critical for every pharmacy owner. Cyberattacks and ransomware are on the rise, and you can’t afford to lose this battle. If you haven’t audited your IT security protocols lately, do it today! Cyber insurance coverage is essential these days, primarily because of the confidential patient data housed within your database. …
Going beyond KPIs and into actionable lead and lag measures. Let’s get real. It’s no secret that pharmacy owners and their employees work better together when company goals are crystal clear. A thriving pharmacy sets goals, identifies critical KPIs, and keeps track of successes and failures. Because the pharmacy industry is such a fast-paced business, …
Can you dramatically improve your pharmacy’s profits in just 90 days? It is the start of a new quarter today. Are you happy with what you accomplished in the last quarter? Did you have ideas and plans, and then they got lost in the shuffle of the day-to-day of running your pharmacy? Most pharmacy owners …
Transform Your Pharmacy Profits With These 3 Critical KPIs Read More »
Everyone else is monetizing your pharmacy’s data; shouldn’t you be too? The pharmacy data that independent pharmacies create daily is worth millions. Yet, pharmacy owners never see any of that money. Everyone else that collects and uses your pharmacy’s generated data sells it. What’s crazy is you even pay to send these companies your data, …