In this video Ollin explains why it’s critical for owners of independent pharmacies to keep close watch on their generic drug dispensing margins. He talks about what your generic drug dispensing percentage should be and tactics for getting it there. He also includes how you can use business intelligence software to make sure you’re charging the right amount for generics in your market. For more information about that software, see the video blog about newer technologies at: http://www.sykes-cpa.com/two-newer-technologies-for-todays-independent-pharmacy-owner/.
Want to make an impact on gross margins? Check out this video on expansion ideas for your independent pharmacy.