An independent community pharmacy—let’s call it Joe’s Pharmacy—closed its doors because it lacked the cash necessary to pay its expenses and invest in new opportunities. If Joe’s Pharmacy would have…
Business
5 Decision-Making Mistakes Pharmacy Owners Fail to See
How many decisions do you make every day? Probably too many to count. With so many decisions in a day, it’s easy to make a mistake, but difficult to make…
A Crash Course on Cash Flow for Independent Pharmacies (Part 1)
Joe’s Pharmacy fills a large number of scripts every month. And, the business was profitable last year. But when it’s time to pay the bills, Joe’s doesn’t have enough money…
5 Customer Service Mistakes Guaranteed to Ruin Your Pharmacy’s Reputation
The way you treat your patients matters. One mistake could turn away a patient forever and harm your pharmacy’s reputation. Just ask United Airlines. Word-of-mouth spreads like wildfire. And like…
Your Patients Are Confused About Managing Cholesterol. This Is What You Can Do.
Your patients know the deadly risks of high cholesterol, but many don’t know what to do about it. A new survey by the American Heart Association has revealed that people…
5 Mistakes That Cause Pharmacist Burnout
As an independent community pharmacy owner or manager, you wear a lot of hats. Owner. Manager. Provider. Purchaser. Accountant. Marketer. Adviser. Techno-wizard. You name it. Those hats can get heavy.…
How to Select the Best Pharmacy Location
Congratulations, you’re starting a pharmacy. Or, you’re ready to add a new pharmacy location. Before you start improving patients’ lives, you need a building. Selecting the best pharmacy location may…
7 Unexpected Ways Your Pharmacy Is Bleeding Profit
Your pharmacy business could be bleeding and you don’t even know it. And you might never know it. Over time, a little profit seeps out, slowly dissolving your bottom line. …
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 an independent community pharmacy owner or manager, you’re negotiating all the time.…
Do You Want to Be Busier or More Profitable?
When you want to increase revenue at your independent community pharmacy, you probably focus on acquiring new patients and filling more scripts. But you have other options to boost revenue…
How to Refocus Your Pharmacy Business Strategy
Don’t let a lack of focus on your pharmacy business strategy slowly bleed precious profit from your business. Refocus on your core strategy with these tips.
A Crash Course on Cash Flow for Independent Pharmacies (Part 2)
An independent community pharmacy—let’s call it Joe’s Pharmacy—closed its doors because it lacked the cash necessary to pay its expenses and invest in new opportunities. If Joe’s Pharmacy would have…
5 Decision-Making Mistakes Pharmacy Owners Fail to See
How many decisions do you make every day? Probably too many to count. With so many decisions in a day, it’s easy to make a mistake, but difficult to make…
A Crash Course on Cash Flow for Independent Pharmacies (Part 1)
Joe’s Pharmacy fills a large number of scripts every month. And, the business was profitable last year. But when it’s time to pay the bills, Joe’s doesn’t have enough money…
5 Customer Service Mistakes Guaranteed to Ruin Your Pharmacy’s Reputation
The way you treat your patients matters. One mistake could turn away a patient forever and harm your pharmacy’s reputation. Just ask United Airlines. Word-of-mouth spreads like wildfire. And like…
Your Patients Are Confused About Managing Cholesterol. This Is What You Can Do.
Your patients know the deadly risks of high cholesterol, but many don’t know what to do about it. A new survey by the American Heart Association has revealed that people…
5 Mistakes That Cause Pharmacist Burnout
As an independent community pharmacy owner or manager, you wear a lot of hats. Owner. Manager. Provider. Purchaser. Accountant. Marketer. Adviser. Techno-wizard. You name it. Those hats can get heavy.…
How to Select the Best Pharmacy Location
Congratulations, you’re starting a pharmacy. Or, you’re ready to add a new pharmacy location. Before you start improving patients’ lives, you need a building. Selecting the best pharmacy location may…
7 Unexpected Ways Your Pharmacy Is Bleeding Profit
Your pharmacy business could be bleeding and you don’t even know it. And you might never know it. Over time, a little profit seeps out, slowly dissolving your bottom line. …
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 an independent community pharmacy owner or manager, you’re negotiating all the time.…
Do You Want to Be Busier or More Profitable?
When you want to increase revenue at your independent community pharmacy, you probably focus on acquiring new patients and filling more scripts. But you have other options to boost revenue…
How to Refocus Your Pharmacy Business Strategy
Don’t let a lack of focus on your pharmacy business strategy slowly bleed precious profit from your business. Refocus on your core strategy with these tips.