Why Ignoring Prescription Costs Can Hurt Your Pharmacy

Independent pharmacy is all about service but as a pharmacy owner you also need to be paying attention to what prescriptions are making you money and which ones are losing you money. In some cases, you need to look at it as a whole family unit as opposed to an individual prescription.
In this video, we share a clip from The Bottom Line Pharmacy Podcast with Darin Gleason, National Sales Director for Retail and Chains with ScriptPro, Bonnie Bond, CPA & Scotty Sykes, CPA, CFP from Sykes & Company, as they share why it's important to keep a close eye on how much it cost to fill prescription.
Timestamps:
00:00 - 00:24 Today's Topic: Pay Attention to What You're Filling
00:25 - 1:03 - Developing a Good Prescription Mix For Your Pharmacy
1:04 - 1:55 - Navigating Changing Insurance Plans
1:56 - 2:33 - Analyzing Prescriptions as a Family Unit
2:34 - 3:27 - Understanding Where You're Making and Losing Money
3:28 - 4:45 - Importance of Fundamental Accounting
Did you find this video helpful? We share insights for Independent Pharmacy Owners to help them improve their bottom line, master their margins, and help their patients get the best level of care! Stay up to date on new episodes by liking and subscribing to our podcast:
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