You live by the set-in-stone issues faced by community pharmacies every day. The dog-eat-dog competitive business environment. The constantly changing pricing, laws, regulations and restrictions. And the ever-decreasing third-party reimbursements.…
Business
Mastering Inventory Management
Inventory is the crux of every independent pharmacy business, and it’s also the costliest expense. With so much money on the line, mastering inventory management becomes a crucial skill. These…
Planograms Lend a Helping Hand
Since the onset of the pandemic, you’ve probably noticed an upswing in customers and sales. But while customers pop in for prescriptions, pain relievers, or a box of disposable face…
Competing in the Age of Amazon
As an independent pharmacy, you are invaluable to your local community. You know and care about your patients. You’re reliable, knowledgeable, and accurate. Compared to chain pharmacies, you’re less likely…
Veterinary Prescriptions and Your Pharmacy
According to the 2021-2022 National Pet Owners Survey conducted by the American Pet Products Association (APPA), nearly 70 percent of U.S. households own a pet. Pets need medications just like…
Avoid These Common Mistakes on Pharmacy Claims
Every time a pharmacy technician enters a claim for prescription reimbursement from a payer, there’s a lot at stake. If claims are incorrect or questionable in any way, an audit…
Choosing the Right PSAO for Your Pharmacy
It can be tough to stay financially viable and meet your community’s healthcare needs at the same time. Some days, you do everything you can to keep your head above…
Attracting Families to Your Pharmacy
Consumers in their child-raising years are unflappable when it comes to spending. Among these families, women tend to make most purchasing decisions. Especially when it comes to buying over-the-counter products.…
Regain Losses on Unsaleable Products
When inventory doesn’t match up with the demand of your customers in your pharmacy, it can be frustrating. But the truth is, independent community pharmacies are left with at least…
When to Adjust OTC Prices
Pricing OTC products can be challenging. When you’re working with multiple suppliers, it can take a lot of time. Because of this, numerous community pharmacists make it easy by simply…
How to Start Your Pharmacy on Social Media
If you haven’t yet built your digital presence for your pharmacy, it’s time to take action. Having a social-media presence in this day and age is no longer optional. It’s…
ProfitGuard Helps You Hold the Line
You live by the set-in-stone issues faced by community pharmacies every day. The dog-eat-dog competitive business environment. The constantly changing pricing, laws, regulations and restrictions. And the ever-decreasing third-party reimbursements.…
Mastering Inventory Management
Inventory is the crux of every independent pharmacy business, and it’s also the costliest expense. With so much money on the line, mastering inventory management becomes a crucial skill. These…
Planograms Lend a Helping Hand
Since the onset of the pandemic, you’ve probably noticed an upswing in customers and sales. But while customers pop in for prescriptions, pain relievers, or a box of disposable face…
Competing in the Age of Amazon
As an independent pharmacy, you are invaluable to your local community. You know and care about your patients. You’re reliable, knowledgeable, and accurate. Compared to chain pharmacies, you’re less likely…
Veterinary Prescriptions and Your Pharmacy
According to the 2021-2022 National Pet Owners Survey conducted by the American Pet Products Association (APPA), nearly 70 percent of U.S. households own a pet. Pets need medications just like…
Avoid These Common Mistakes on Pharmacy Claims
Every time a pharmacy technician enters a claim for prescription reimbursement from a payer, there’s a lot at stake. If claims are incorrect or questionable in any way, an audit…
Choosing the Right PSAO for Your Pharmacy
It can be tough to stay financially viable and meet your community’s healthcare needs at the same time. Some days, you do everything you can to keep your head above…
Attracting Families to Your Pharmacy
Consumers in their child-raising years are unflappable when it comes to spending. Among these families, women tend to make most purchasing decisions. Especially when it comes to buying over-the-counter products.…
Regain Losses on Unsaleable Products
When inventory doesn’t match up with the demand of your customers in your pharmacy, it can be frustrating. But the truth is, independent community pharmacies are left with at least…
When to Adjust OTC Prices
Pricing OTC products can be challenging. When you’re working with multiple suppliers, it can take a lot of time. Because of this, numerous community pharmacists make it easy by simply…
How to Start Your Pharmacy on Social Media
If you haven’t yet built your digital presence for your pharmacy, it’s time to take action. Having a social-media presence in this day and age is no longer optional. It’s…