There are a few important key performance indicators (KPIs) that pharmacies need to be concerned with. Liquidity ratios are one of the most important KPIs for independent pharmacies today. In this video, Ollin Sykes of Sykes & Company, P.A. shares how to figure out what your liquidity is, what makes up a good ratio and how to begin to remedy a less than ideal liquidity ratio.
In this video, you learn more about:
- What is liquidity and why this ratio is important
- How to improve liquidity if it is less than desired
- How often you should assess your KPI
- The danger of low liquidity