pharmacy owner

lower cogs pharmacy

How To Lower COGS

If increasing pharmacy profit is a goal, you need a lower COGS.  What Is Cost Of Goods Sold (COGS)? The cost of goods sold (COGS) is the cost of an item or service that you sell. For pharmacies, it is critical to point out the COGS is NOT COGB (cost of goods bought). Because pharmacies …

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Creating a Pharmacy Vision

Creating A Pharmacy Vision

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 …

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What Is Pharmacy Profit

What Is Profit

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 ≠ …

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Pharmacy Cybersecurity In A Hack-Filled World

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.  …

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