Your communication style sets the tone for your pharmacy as a workplace. You can have an airtight workflow setup and thorough standard operating procedures, but if you have poor personal…
Operations
How to Manage Employee Disagreements in the Workplace
In a small, tight-knit workplace like an independent pharmacy, one disagreement between colleagues can have an outsized effect. Occasional disagreements are to be expected in a high-stress environment, but letting…
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.…
Employee Benefits: The Complete Guide for Independent Pharmacies
This comprehensive guide to employee benefits will help you tap into the perks employees want the most so you can retain your best team members and win over top talent.
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.
Merchant Account: Does My Pharmacy Need One?
Inside: A merchant account is different than other bank accounts. Learn if you need one and how to choose the right one for your pharmacy. These days, credit card transactions…
12 Communication Mistakes Sabotaging Your Credibility
Your communication style sets the tone for your pharmacy as a workplace. You can have an airtight workflow setup and thorough standard operating procedures, but if you have poor personal…
How to Manage Employee Disagreements in the Workplace
In a small, tight-knit workplace like an independent pharmacy, one disagreement between colleagues can have an outsized effect. Occasional disagreements are to be expected in a high-stress environment, but letting…
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.…
Employee Benefits: The Complete Guide for Independent Pharmacies
This comprehensive guide to employee benefits will help you tap into the perks employees want the most so you can retain your best team members and win over top talent.
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.
Merchant Account: Does My Pharmacy Need One?
Inside: A merchant account is different than other bank accounts. Learn if you need one and how to choose the right one for your pharmacy. These days, credit card transactions…