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5 Common Pharmacy Audit Issues by Elements magazine | pbahealth.com citations

8 Common Pharmacy Audit Issues

Your pharmacy could face an audit at any time. Here’s how to prepare for the most common audit citations.  read more

5 Common Pharmacy Audit Issues by Elements magazine | pbahealth.com citations

From the Magazine This article was published in our quarterly print magazine, which covers relevant topics in greater depth featuring leading experts in the industry. Subscribe to receive the quarterly print issue in your mailbox. All registered independent pharmacies in the U.S. are eligible to receive a free subscription. More articles from the June 2021 issue: New study: mobile payment options skyrocket after pandemic How to leverage consumer behavior to increase front-end sales Five overlooked human resource issues for pharmacies (from an employment law attorney) The supplement market is thriving. Is your pharmacy taking advantage? Tap into loyalty for bigger profits, happier employees, and faster growth The Covid-19 vaccine boosts this pharmacy’s patient base and its profits Where to cut costs when you have no other choice How to transform pharmacies into patient care centers   An Independently Owned Organization Serving Independent Pharmacies PBA Health is dedicated to helping independent pharmacies reach their full potential on the buy side of their business. The member-owned company serves independent pharmacies with group purchasing services, expert contract negotiations, proprietary purchasing tools, distribution services, and more. An HDA member, PBA Health operates its own NABP-accredited (formerly VAWD) warehouse with more than 6,000 SKUs, including brands, generics, narcotics CII-CV, cold-storage products, and over-the-counter (OTC) products. Want more pharmacy business tips and advice? Sign up for our e-newsletter.
From the Magazine This article was published in our quarterly print magazine, which covers relevant topics in greater depth featuring leading experts in the industry. Subscribe to receive the quarterly print issue in your mailbox. All registered independent pharmacies in the U.S. are eligible to receive a free subscription. More articles from the June 2021 issue: New study: mobile payment options skyrocket after pandemic How to leverage consumer behavior to increase front-end sales Five overlooked human resource issues for pharmacies (from an employment law attorney) The supplement market is thriving. Is your pharmacy taking advantage? Tap into loyalty for bigger profits, happier employees, and faster growth The Covid-19 vaccine boosts this pharmacy’s patient base and its profits Where to cut costs when you have no other choice How to transform pharmacies into patient care centers   An Independently Owned Organization Serving Independent Pharmacies PBA Health is dedicated to helping independent pharmacies reach their full potential on the buy side of their business. The member-owned company serves independent pharmacies with group purchasing services, expert contract negotiations, proprietary purchasing tools, distribution services, and more. An HDA member, PBA Health operates its own NABP-accredited (formerly VAWD) warehouse with more than 6,000 SKUs, including brands, generics, narcotics CII-CV, cold-storage products, and over-the-counter (OTC) products. Want more pharmacy business tips and advice? Sign up for our e-newsletter.

Specialty Pharmacy: Are Independent Pharmacies Missing Out on Half of the Pharmacy Market?

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


Why This Pharmacy Network Buys From Only One Secondary Wholesaler

Inventory cost is everything at the seven pharmacies in the Muscogee (Creek) Nation Department of Health.  read more


pharmacy budget principles money
pharmacy budget principles money

5 Principles for an Effective Pharmacy Budget

“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


9 Tactics to Win Any Negotiation

9 Tactics to Win Any Negotiation (From an FBI Hostage Negotiator)

A former FBI hostage negotiator takes the lessons he learned in high-stakes situations and applies them to more commonplace negotiations.  read more

9 Tactics to Win Any Negotiation

Here’s How American Pharmacies Are Making a Profit

Find out why these American pharmacies are getting a leg up on the competition.  read more


How to Achieve Peak Performance in the Pharmacy

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


Master This Art to Maximize Your Pharmacy Success

A recent experiment found that people with this ability were higher performers than people without it.  read more


How to Be an Extraordinary Pharmacy Manager 

How to Be an Extraordinary Manager 

You went to school to learn how to become a pharmacist, but now, as an independent pharmacy owner,  read more

How to Be an Extraordinary Pharmacy Manager 

6 Simple Tips for a More Profitable Pharmacy Diabetes Program
6 Simple Tips for a More Profitable Pharmacy Diabetes Program

6 Simple Tips for a More Profitable Pharmacy Diabetes Program

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


5 Lucrative Ways to Monetize Your Pharmacy

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


Where to Cut Costs When You Have No Other Choice

There’s no doubt about it—the independent pharmacy industry is shrinking. Average annual sales per location are down from  read more


5 Purchasing Tips That Could Save Pharmacies Thousands 

5 Purchasing Tips That Could Save Pharmacies Thousands 

As an independent pharmacy, everything revolves around inventory. As your biggest business expense, it’s also your best opportunity  read more

5 Purchasing Tips That Could Save Pharmacies Thousands 

How to Compete with Digital Pharmacies
How to Compete with Digital Pharmacies

How to Compete With Digital Pharmacies

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


S Corp, LLC, C Corp: Which Business Structure Is Best for Your Independent Community Pharmacy?

S Corp, LLC, C Corp: Which Business Structure Is Best for Your Community Pharmacy?

Learn the advantages and disadvantages of the most common business structures for independent community pharmacies.  read more

S Corp, LLC, C Corp: Which Business Structure Is Best for Your Independent Community Pharmacy?

10 Big Negotiating Mistakes Pharmacies Should Avoid by Elements magazine | redleafstyle.com
10 Big Negotiating Mistakes Pharmacies Should Avoid by Elements magazine | redleafstyle.com

10 Big Negotiating Mistakes Pharmacies Should Avoid

Negotiating intimidates the best of us. One wrong move can lower your margins or cost you customers. As  read more


8 Tips to Make Filing Pharmacy Taxes a Breeze 

8 Tips to Make Pharmacy Tax Filing a Breeze 

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

8 Tips to Make Filing Pharmacy Taxes a Breeze 

What are Your Pharmacy’s Most Valuable Assets? by Elements magazine | pbahealth.com
What are Your Pharmacy’s Most Valuable Assets? by Elements magazine | pbahealth.com

What Are Your Pharmacy’s Most Valuable Assets?

The success of your independent community pharmacy relies on properly managing your most valuable assets.  read more


8 Pharmacy Functions That Can Be Easily Outsourced

8 Pharmacy Functions That Can Be Easily Outsourced

How to save time by outsourcing important non-pharmacy work to the pros.  read more

8 Pharmacy Functions That Can Be Easily Outsourced

Pharmacy Drug Distributors: How to Choose the Right One for Your Pharmacy
Pharmacy Drug Distributors: How to Choose the Right One for Your Pharmacy

Pharmacy Drug Distributors: How to Choose the Right One for Your Pharmacy

Look for a pharmacy drug distributor with these traits.   read more


4 Economic Principles That Make or Break Independent Pharmacies

4 Economic Principles That Make or Break Independent Pharmacies

Leverage basic economics to make better business decisions for your pharmacy.   read more

4 Economic Principles That Make or Break Independent Pharmacies

5 Common Workplace Issues That Drain Productivity by Elements magazine | pbahealth.com
5 Common Workplace Issues That Drain Productivity by Elements magazine | pbahealth.com

7 Common Workplace Issues That Drain Productivity

Find out what workplace bottlenecks could be affecting your pharmacy’s productivity.   read more


7 Things to Do Before the End of 2020 

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


pharmacy taxes coronavirus relief aid covid-19
pharmacy taxes coronavirus relief aid covid-19

How Will Covid-19 Relief Affect This Year’s Taxes for Pharmacies?

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


Let's Talk About Pharmacy Debt

Let’s Talk About Pharmacy Debt

Why debt can be a valuable financial tool for independent pharmacies.  read more

Let's Talk About Pharmacy Debt

cost of goods sold pharmacy wholesaler rebates
cost of goods sold pharmacy wholesaler rebates

How to Earn $166,096 Additional Annual Profit

Learn how to take advantage of your pharmacy contract terms to maximize your rebate every month.   read more


6 Signs Your Pharmacy Needs a Change

6 Signs Your Pharmacy Needs a Change

How to change from an industry straggler to a pack leader.   read more

6 Signs Your Pharmacy Needs a Change

5 Examples of Superior Customer Service 

Providing excellent customer service at your pharmacy is one of the best ways to build relationships with patients  read more


7 Ideas Guaranteed to Boost Your Pharmacy’s Bottom Line 

7 Ideas Guaranteed to Boost Your Pharmacy’s Bottom Line 

Increase your annual profit with these business ideas for your retail community pharmacy.  read more

7 Ideas Guaranteed to Boost Your Pharmacy’s Bottom Line 

Improve Your Customer Service with These Metrics Pharmacy
Improve Your Customer Service with These Metrics Pharmacy

Improve Your Customer Service With These Metrics

These customer service metrics help you cultivate loyal patients and bring in new business.  read more

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