Your pharmacy could face an audit at any time. Here’s how to prepare for the most common audit citations. read more
Specialty medications make up half of all drug spending in the United States. Are you missing out on half of all the money in pharmacy? read more
Inventory cost is everything at the seven pharmacies in the Muscogee (Creek) Nation Department of Health. read more
“This type of planning allows business owners to determine what they want their business to be and allows them to dream in a structured way.” read more
A former FBI hostage negotiator takes the lessons he learned in high-stakes situations and applies them to more commonplace negotiations. read more
Find out why these American pharmacies are getting a leg up on the competition. read more
In their book Peak Performance, consultant Brad Stulberg and performance coach Steve Magness use new scientific insights to explore how people can perform at the top of their game without hitting a wall. read more
A recent experiment found that people with this ability were higher performers than people without it. read more
You went to school to learn how to become a pharmacist, but now, as an independent pharmacy owner, read more
Pharmacy owners experienced in offering pharmacy diabetes programs offer up some solutions to help increase margin and earn some money for the services. read more
As the old fuel of pharmacy business sputters, many pharmacies have started to look to new sources to energize their business. They’ve embarked on unexpected endeavors to power their profits and help their patients, and now they’re sharing their successes with you. read more
There’s no doubt about it—the independent pharmacy industry is shrinking. Average annual sales per location are down from read more
As an independent pharmacy, everything revolves around inventory. As your biggest business expense, it’s also your best opportunity read more
In a troubling trend for independent community pharmacies, digital pharmacy operations are attracting investments from venture capitalists. Here’s how to keep your edge. read more
Learn the advantages and disadvantages of the most common business structures for independent community pharmacies. read more
Negotiating intimidates the best of us. One wrong move can lower your margins or cost you customers. As read more
Between changes from the 2017 Tax Cuts and Jobs Act and a variety of coronavirus relief packages, sorting through your pharmacy’s financial information to prepare for tax season may feel more daunting than normal this year. read more
The success of your independent community pharmacy relies on properly managing your most valuable assets. read more
How to save time by outsourcing important non-pharmacy work to the pros. read more
Look for a pharmacy drug distributor with these traits. read more
Leverage basic economics to make better business decisions for your pharmacy. read more
Find out what workplace bottlenecks could be affecting your pharmacy’s productivity. read more
Here are a few steps you can take to end 2020 on a good note and set yourself up for a successful 2021. read more
Between the CARES Act and the Paycheck Protection Program Flexibility Act, independent pharmacies are looking at some brand new (and often confusing) issues when it comes to filing taxes. read more
Why debt can be a valuable financial tool for independent pharmacies. read more
Learn how to take advantage of your pharmacy contract terms to maximize your rebate every month. read more
How to change from an industry straggler to a pack leader. read more
Providing excellent customer service at your pharmacy is one of the best ways to build relationships with patients read more
Increase your annual profit with these business ideas for your retail community pharmacy. read more
These customer service metrics help you cultivate loyal patients and bring in new business. read more
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The business magazine for independent pharmacy
Elements magazine is published quarterly in March, June, September and December.
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