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:
- Non-PBM Revenue
- PBM Optimization
- Cash-Based Revenue
- Team Development
- KPI Optimization
Use your KPI data to make smarter, better decisions.
Your KPI data can help you craft innovative solutions to your most pressing problems. What worries keep you up at night? Cash flow? Profitability?
You are not alone.
Independent pharmacy owners everywhere are facing the same problems you are every day. You can solve a lot of headaches by leveraging your data. Tracking, reporting, and strategizing around KPIs can feel daunting if you have never operated that way. Don’t let “math” stop you from the best information for your pharmacy. KPIs can help you solve your problems because they let you know exactly where your problems exist in your pharmacy.
Instead of wasting hours wondering how to improve your pharmacy. Using your pharmacy’s data demystifies your problems. Your business metrics are simple math at the core. If you don’t like the answer – your profits, your cash flow, payroll costs. You can simply work backward in the equation to know what you need to change to get a different answer. If you aren’t a “numbers person”, don’t worry. Your accountant or bookkeeper or even the right employee can help you with calculating and tracking your KPIs. Don’t try and reinvent the wheel. Let’s take a look at our Top Blog Posts from 2022 on KPI Optimization.
We love data here at DiversifyRx. Never hesitate to reach out if you need help.
Out Top Independent Pharmacy KPI Optimization Blogs of 2022
KPI Optimization: The 6th Pharmacy Profit Pillar – Ready to start your Pharmacy Badass Journey? Check out our 6th Pharmacy Profit Pillar.
Independent Pharmacy Solutions Through Data – Need a way to craft innovative solutions with your data? This blog is for you!
Quick Cash Flow Tips For Your Pharmacy – A quick read about how common cash flow crunches are and how to get through them.
Increase Pharmacy Profits By Reducing Expenses – Want to fast-track your pharmacy profits? Check out this blog on how reducing your expenses can quickly make an impact.
WTF Are Lead And Lag Measures – Want to know how to make your goals at work crystal clear? This blog will help you achieve that.
Reduce Payroll Without Firing Anyone – How do you know if your pharmacy payroll is High, Low, or Just Right? This blog will help you compare industry benchmarks.
As you focus on growing your pharmacy and making it more profitable, you will encounter hurdles or questions. The team at DiversifyRx can help you in all areas of your pharmacy. We aren’t just one trick ponies as many other “gurus” are. We are pharmacy owners and longtime industry experts that will give you the answers you need when you need them.
Don’t worry… WE GOT YOU! Reach out at any time to firstname.lastname@example.org or contact us via our social media channels.