In the days of thin profit margins and low reimbursements, having extra cash on hand is a good problem to have. But without a strategy for that extra money, your…
Business
How the Pandemic Has Changed the Way Independent Pharmacies Do Business
Plexiglass shields, masked employees, and social distance markers are now common sites in independent pharmacies across the United States. After the initial frenzy of the coronavirus pandemic in March, many…
Point-of-Care Testing: A Cash Business Opportunity for Pharmacy
Not so long ago, patients who wanted to get the flu shot had to trek to their primary care physician’s office or risk contagion at an urgent care clinic. The…
Should You Refinance Your Pharmacy Debt?
Inside: Reasons you should — and shouldn’t — finance your pharmacy debt. If your pharmacy is running smoothly but steep debt payments are cutting into your cash flow, it may…
5 Things Pharmacists Need to Know About Saying “Sorry”
Reprint from 2015 June Issue. What does the phrase, “I’m sorry,” mean to you? Is it a statement of empathy, or an admission of guilt? That gray area can get…
7 Tips to Grow Your Pharmacy During a Downturn
An economic recession doesn’t have to spell doom for your independent pharmacy.
Preparing for Flu Season During the Coronavirus Pandemic
Inside: How to keep patients safe from coronavirus while administering flu shots. With COVID-19 still rampant, pharmacies are preparing for a flu season like no other. People wearing masks and…
Do You Know What Your Most Profitable Products Are?
Inside: Why it’s important to know your margins on individual products, categories, and services You probably are aware of what your profit margin is for your pharmacy as a whole.…
How to Avoid Fines From PBM Pharmacy Audits
As vice president of operations and general counsel for Family Pharmacy in Aiken, South Carolina, Stuart Johnson has faced many on-site and desk audits, and none of them have been…
Is Diabetes Care a Good Business Opportunity for Pharmacy?
For those in the business of healthcare, Type 2 diabetes should perk some ears. More than 30 million people in the US suffer from the chronic condition, and another 88…
This Technology Reduces Pharmacy Will Call Time From Minutes to Seconds
With a low-tech will call system, it can take pharmacy employees a minute or two to find the prescription they’re looking for. Those minutes quickly add up to hours and…
How to Make the Most of the Cash Sitting in Your Bank
In the days of thin profit margins and low reimbursements, having extra cash on hand is a good problem to have. But without a strategy for that extra money, your…
How the Pandemic Has Changed the Way Independent Pharmacies Do Business
Plexiglass shields, masked employees, and social distance markers are now common sites in independent pharmacies across the United States. After the initial frenzy of the coronavirus pandemic in March, many…
Point-of-Care Testing: A Cash Business Opportunity for Pharmacy
Not so long ago, patients who wanted to get the flu shot had to trek to their primary care physician’s office or risk contagion at an urgent care clinic. The…
Should You Refinance Your Pharmacy Debt?
Inside: Reasons you should — and shouldn’t — finance your pharmacy debt. If your pharmacy is running smoothly but steep debt payments are cutting into your cash flow, it may…
5 Things Pharmacists Need to Know About Saying “Sorry”
Reprint from 2015 June Issue. What does the phrase, “I’m sorry,” mean to you? Is it a statement of empathy, or an admission of guilt? That gray area can get…
7 Tips to Grow Your Pharmacy During a Downturn
An economic recession doesn’t have to spell doom for your independent pharmacy.
Preparing for Flu Season During the Coronavirus Pandemic
Inside: How to keep patients safe from coronavirus while administering flu shots. With COVID-19 still rampant, pharmacies are preparing for a flu season like no other. People wearing masks and…
Do You Know What Your Most Profitable Products Are?
Inside: Why it’s important to know your margins on individual products, categories, and services You probably are aware of what your profit margin is for your pharmacy as a whole.…
How to Avoid Fines From PBM Pharmacy Audits
As vice president of operations and general counsel for Family Pharmacy in Aiken, South Carolina, Stuart Johnson has faced many on-site and desk audits, and none of them have been…
Is Diabetes Care a Good Business Opportunity for Pharmacy?
For those in the business of healthcare, Type 2 diabetes should perk some ears. More than 30 million people in the US suffer from the chronic condition, and another 88…
This Technology Reduces Pharmacy Will Call Time From Minutes to Seconds
With a low-tech will call system, it can take pharmacy employees a minute or two to find the prescription they’re looking for. Those minutes quickly add up to hours and…