If you want to become an independent pharmacy owner, it’s not as simple as hanging out a shingle and opening up shop. The first major decision you’ll have to make…
Business
How to Buy a Pharmacy: 5 Steps to a Profitable Purchase
Inside: How to buy a pharmacy in five steps, including how to get funding and perform a fair market valuation. Whether you are hoping to expand your independent pharmacy empire…
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…
Should You Buy a Pharmacy or Start From Scratch?
If you want to become an independent pharmacy owner, it’s not as simple as hanging out a shingle and opening up shop. The first major decision you’ll have to make…
How to Buy a Pharmacy: 5 Steps to a Profitable Purchase
Inside: How to buy a pharmacy in five steps, including how to get funding and perform a fair market valuation. Whether you are hoping to expand your independent pharmacy empire…
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…