Does a world without PBMs seem blissful? Close your eyes and just imagine what pharmacy would be like without PBMs. Are you joyous about the lack of audits, headaches, clawbacks, and DIR fees? Can you imagine your pharmacy profit soaring without PBMs? This fantasy seems pretty awesome, right? I am sorry to be the bearer […]
In A World Without PBMs Read More »
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 »
Here are 4 signs you may need a booster for your leadership skills—guest post by Heather Haro. I have a big crazy family! The current chaos count is 7, almost grown children and 12 grandchildren. Yep! 11 grandboys and 1 brand new little baby grandgirl! My Household Is My Business I have run my household
4 Signs Your Pharmacy Leadership Skills Need A Boost 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 »
Having a thriving, successful pharmacy means you need to take an active approach to your pharmacy profit. Being average will not keep you in business – that’s what I always say. You need to be awesome! To succeed in the pharmacy world, you are continuously implementing new ways of doing things, and with the ever-changing
6 Pillars of Pharmacy Profit – Top 2021 Read More »
Your pharmacy marketing should pay for itself! If you’re bleeding money in your marketing department, it’s time to revisit and realign your strategy. Don’t let your pharmacy marketing be a drain on your cash flow. You can stop worrying about marketing budgets being expensive. Instead, turn leads into customers and make money continuously. It starts
How To Have An Unlimited Pharmacy Marketing Budget Read More »
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
Creating A Pharmacy Vision 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 ≠
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,
WTF Are Lead and Lag Measures Read More »