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
Stay on top of these trends to make Christmas profitable despite coronavirus. read more
With KPIs, you can set targets that will help you improve the quality of service to patients, financial outcomes, efficiency in pharmacy operations, and more. read more
You can help patients stay adherent, improve their health outcomes, and make your pharmacy more profitable, all by changing the way you package medications at your pharmacy. read more
The mistakes that brought down business giants — and how you can avoid them. read more
If you’re looking to increase your pharmacy’s profits, you have two main ways to do so: Sell more read more
How to ensure your pharmacy is financially healthy — and how to keep it that way read more
Concrete steps independent community pharmacies can take to lower DIR fees and increase profits. read more
Ask the right questions to find the perfect person for the job. read more
In the days of thin profit margins and low reimbursements, having extra cash on hand is a good read more
Plexiglass shields, masked employees, and social distance markers are now common sites in independent pharmacies across the United 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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