Is your pharmacy getting the best possible balance between cash flow and profitability when it comes to purchasing inventory? “The way pharmacies pay will either affect profitability or cash flow,…
Business
Innovative Thinking: Tips to Improve Your Pharmacy Business with Innovation
As the health care landscape changes, pharmacists have to adapt and grow. That starts with thinking differently. “People change. So must pharmacy,” said Dave Wendland, vice president and member of…
How to Pick Up Business at Your Independent Pharmacy
If you’re looking to increase your pharmacy’s profits, you have two main ways to do so: Sell more to the patients you currently have or get more patients to come…
5 New Ways to Improve Your Pharmacy
As an innovative independent community pharmacy owner, you’re likely always looking for new ways to improve your pharmacy. Maybe you want to spice up your front end, or make your…
Best of February 2016: Articles for Independent Pharmacies
Have you seen the latest from Elements magazine this February? Each month, we publish multiple online-only articles about what’s happening in the pharmacy industry and what you need to know…
How to Compete with National Chain Pharmacies
As an independent community pharmacy, you have to find a balance between keeping up with national chain pharmacies and staying true to your unique identity. Independents provide a personal touch…
Pharmacy Innovation Part 4: Habits of Innovative Thinkers
If you’re ready to start innovating in your pharmacy, the first step is to start thinking like an innovator. To get yourself into an innovative mindset, begin by adopting the…
Pharmacy Innovation Part 3: Innovative Ideas for Your Pharmacy
If you want to stay ahead of the competition, you need to innovate. Coming up with an innovative idea for your pharmacy can be difficult. If you’ve ever spent hours…
7 Business Benefits of Partnering with Local Physicians
Collaborating with physicians can be time-consuming and difficult, but the benefits of partnership can greatly outweigh any initial obstacles. Establishing good partnerships with local physicians in your area is important.…
3 Opportunities to Be a Problem-Solver for Patients
As an independent community pharmacist, you likely play several roles in your patients’ lives, including counselor, educator and trusted confidant. Another role that may be less obvious—but that’s just as…
10 Traits of Successful Pharmacy Owners
As the owner of an independent community pharmacy, you know it takes hard work, determination and a passion for what you do to succeed in the business. Both financial and…
Strategic Purchasing: Pros and Cons of Using Credit Cards, Line of Credit and EFT to Purchase Inventory
Is your pharmacy getting the best possible balance between cash flow and profitability when it comes to purchasing inventory? “The way pharmacies pay will either affect profitability or cash flow,…
Innovative Thinking: Tips to Improve Your Pharmacy Business with Innovation
As the health care landscape changes, pharmacists have to adapt and grow. That starts with thinking differently. “People change. So must pharmacy,” said Dave Wendland, vice president and member of…
How to Pick Up Business at Your Independent Pharmacy
If you’re looking to increase your pharmacy’s profits, you have two main ways to do so: Sell more to the patients you currently have or get more patients to come…
5 New Ways to Improve Your Pharmacy
As an innovative independent community pharmacy owner, you’re likely always looking for new ways to improve your pharmacy. Maybe you want to spice up your front end, or make your…
Best of February 2016: Articles for Independent Pharmacies
Have you seen the latest from Elements magazine this February? Each month, we publish multiple online-only articles about what’s happening in the pharmacy industry and what you need to know…
How to Compete with National Chain Pharmacies
As an independent community pharmacy, you have to find a balance between keeping up with national chain pharmacies and staying true to your unique identity. Independents provide a personal touch…
Pharmacy Innovation Part 4: Habits of Innovative Thinkers
If you’re ready to start innovating in your pharmacy, the first step is to start thinking like an innovator. To get yourself into an innovative mindset, begin by adopting the…
Pharmacy Innovation Part 3: Innovative Ideas for Your Pharmacy
If you want to stay ahead of the competition, you need to innovate. Coming up with an innovative idea for your pharmacy can be difficult. If you’ve ever spent hours…
7 Business Benefits of Partnering with Local Physicians
Collaborating with physicians can be time-consuming and difficult, but the benefits of partnership can greatly outweigh any initial obstacles. Establishing good partnerships with local physicians in your area is important.…
3 Opportunities to Be a Problem-Solver for Patients
As an independent community pharmacist, you likely play several roles in your patients’ lives, including counselor, educator and trusted confidant. Another role that may be less obvious—but that’s just as…
10 Traits of Successful Pharmacy Owners
As the owner of an independent community pharmacy, you know it takes hard work, determination and a passion for what you do to succeed in the business. Both financial and…