Opening a new, independent pharmacy can be exciting. Reinventing your current pharmacy can be equally thrilling. However, the time and energy – and cash – these projects require can be…
Freshen Up Your Front-End Product Mix
Tried-and-true products probably dominate your pharmacy’s front-end sales, but if you want to remain profitable, you can’t rely completely on your old standbys. Patients’ tastes and desires change over time,…
What Is Your Pharmacy’s Credit Score?
There’s a single number that can have a big impact on your pharmacy’s business: its credit score. Just like individuals, businesses are awarded a credit score based on their financial…
Refresh Your Pharmacy With a Remodel
When your pharmacy first opened its doors, it was probably decked out with the era’s most stylish decor. But after two or three decades, those once-stylish features may now read…
Semglee Is Now Available at Retail Pharmacies
In 2021, the very first interchangeable biosimilar insulin product, Semglee (insulin glargine-yfgn), was approved by the U.S. Food and Drug Administration. It acts as a less costly option to the…
Choosing the Right Accounting Method
When you keep track of transactions in your independent pharmacy, you have a choice between two accounting methods: the accrual method and the cash-basis method. “Timing is one of the…
Measuring and Maximizing Wholesaler Rebates
On the surface, calculating a pharmacy’s cost of goods is simple. When you put in an order, you receive an invoice with a straightforward dollar amount. That’s what you pay…
