With the shift in independent pharmacy to provide more clinical services, its more important now than ever to ensure you have sound accounting and financial principles
Independent pharmacy has an inherent cash flow issue. In addition, there’s not a lot of margin for error. The reality is, pharmacies face a number of financial hurdles when it comes to optimizing payroll, reimbursement, and tax planning!
In this episode, Scotty Sykes, CPA, CFP and Bonnie Bond, CPA sit down with Todd Eury and Debbie Marcello as a featured guest on the Happier at Home PRN podcast to discuss the shift towards clinical services.
They discuss long-term care at home, what a fundamental accounting system is, several tax planning strategies that can save you a lot of money, how to understand your balance sheet, and how a knowledgeable accountant can provide proactive solutions and strategic advice to help pharmacy owners navigate these challenges effectively.
Tune in to the Happier at Home PRN below!
More About The Bottom Line Pharmacy Podcast:
The Bottom Line Pharmacy Podcast is your regular dose of pharmacy CPA advice to fuel your bottom line, featuring pharmacists, key vendors, and other innovators.
We share insights for Independent Pharmacy Owners every other Thursday. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes
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More Resources About This Topic:
Service – RX Assessment
Article – Fundamentals of Pharmacy Accounting
Article – Growing Your Pharmacy Through Medical Services
Podcast – Embracing Long-term Care at Home Ownership
Podcast – Improving Cash Flow with Long-term Care at Home
Podcast – Going the Extra Mile with Long-term Care at Home
Podcast – Understanding Pharmacy Reimbursement Rates
Podcast – Maximizing Inventory
