Inventory is a pharmacy’s most valuable asset and a crucial line item on your balance sheet. Knowing how to properly value your inventory for accounting purposes can help you better…
Business
6 Inventory Management Formulas for Pharmacies
Inside: Use these inventory management formulas to minimize costs, free up cash flow, and keep your pharmacy in the black. Inventory is the crux of every independent pharmacy business, and…
One Community Pharmacy’s Best Strategy for Surviving PBMs and DIR Fees
John McNeill, owner of Nichols Southside Pharmacy in Corpus Christi, Texas, is facing the same challenges confronting all independent pharmacy owners today: bottom-barrel reimbursements and unpredictable DIR fees from PBMs.…
How to Calculate Depreciation for Pharmacy Assets
Knowing how your assets depreciate is critical for when tax season comes around. Instead of deducting the whole cost of your new purchase all at once, depreciation lets you write…
8 Pharmacy Services Third Parties Will Pay For
“It is becoming increasingly important that pharmacists practice at the top of their license and training as margins continue to narrow for dispensing services.”
This Compounded Drug Has a 50% Profit Margin and Is Changing Lives
“You don’t have to fight with a PBM. You don’t have to worry about the audit. You help the patient.”
How to Streamline Workers’ Compensation Claims
“Whether or not we collect on the backside, the pharmacy is guaranteed payment.”
Pharmacy Buying Groups: What to Know Before You Join
Buying groups are an easy way to get special treatment from wholesalers. A way to immediately grow your prescription volume to the level of regional chains. And to do it…
Small Business Credit Card: Pros and Cons for Your Pharmacy
A small business credit card provides financial flexibility, high spending limits, and an easy credit score boost.
How CBD Saved This Pharmacy’s Business
″I can say that our pharmacy stayed alive in these last few years because of CBD.″
FIFO, LIFO, or FEFO: Which Inventory Valuation Method Is Best for Pharmacies?
Inventory is a pharmacy’s most valuable asset and a crucial line item on your balance sheet. Knowing how to properly value your inventory for accounting purposes can help you better…
6 Inventory Management Formulas for Pharmacies
Inside: Use these inventory management formulas to minimize costs, free up cash flow, and keep your pharmacy in the black. Inventory is the crux of every independent pharmacy business, and…
One Community Pharmacy’s Best Strategy for Surviving PBMs and DIR Fees
John McNeill, owner of Nichols Southside Pharmacy in Corpus Christi, Texas, is facing the same challenges confronting all independent pharmacy owners today: bottom-barrel reimbursements and unpredictable DIR fees from PBMs.…
How to Calculate Depreciation for Pharmacy Assets
Knowing how your assets depreciate is critical for when tax season comes around. Instead of deducting the whole cost of your new purchase all at once, depreciation lets you write…
8 Pharmacy Services Third Parties Will Pay For
“It is becoming increasingly important that pharmacists practice at the top of their license and training as margins continue to narrow for dispensing services.”
This Compounded Drug Has a 50% Profit Margin and Is Changing Lives
“You don’t have to fight with a PBM. You don’t have to worry about the audit. You help the patient.”
How to Streamline Workers’ Compensation Claims
“Whether or not we collect on the backside, the pharmacy is guaranteed payment.”
Pharmacy Buying Groups: What to Know Before You Join
Buying groups are an easy way to get special treatment from wholesalers. A way to immediately grow your prescription volume to the level of regional chains. And to do it…
Small Business Credit Card: Pros and Cons for Your Pharmacy
A small business credit card provides financial flexibility, high spending limits, and an easy credit score boost.
How CBD Saved This Pharmacy’s Business
″I can say that our pharmacy stayed alive in these last few years because of CBD.″