Sykes Videos Help Pharmacy Student
Ollin Sykes’ library of videos helped pharmacy student Zach Burns get a year’s scholarship at his university. In this guest blog, Zach talks about finding Ollin’s videos and how he used them in presenting a business plan for his future pharmacy. …
CARES Act Provider Relief Fund & HHS Stimulus – Uses and Management
By now, pharmacies may have received two distributions from the CARES Act provision known as the Medicare Provider Relief Fund, which allocates automatic stimulus grants to providers that billed Medicare Fee-for-Service (MFFS) in 2019 or have provided COVID-19 related services in 2020. …
Which Version of Quickbooks Should My Pharmacy Be Using
Desktop, online, hosted, Enterprise? How do you know which version of QuickBooks is right for your pharmacy accounting? In this video, Ollin Sykes describes the different options so you’ll know which one is right for your needs. He also warns about using …
Classic Video: 4 Traits of Successful Independent Pharmacy Owners
This is a classic video by Ollin Sykes. View our most recent video, Traits of Successful Independent Pharmacy Owners. Learn the top four traits in successful pharmacy owners. Whether you already own one or more pharmacies, are thinking about buying a pharmacy …
Trends for DIR Fees in 2018
Direct and indirect remuneration (DIR) fee increases are being implemented in 2018, but may be retroactive to 2017 in some cases. In this video, Scotty Sykes, CPA of Sykes & Company, P.A. discusses the trends in DIR fees for 2018 and what types …
Trends in Pharmacy Services That Are Changing the Industry
Ollin Sykes, CPA of Sykes & Company, P.A. introduces how successful pharmacies are leveraging technology and expanding their service focus to go beyond just filling scripts to proactively supporting the wellbeing of customers. Learn about clinical services and data mining to anticipate …
How Can KPIs be a Predictor of Cash Flow?
Do you know which key performance indicators (KPI) are the best predictors of cash flows? In this video, Ollin Sykes of Sykes & Company, P.A. explains how a pharmacy’s biggest KPI is the current ratio which should be in 2.5 to 3.5 …
Delegating Office Work to Your Pharmacy Team
An independent pharmacy owner needs to focus on the business by exploring new business opportunities and caring for patients, but too often the pharmacist is spending time with payroll and bills. Delegating certain tasks to a tech or other staff member can …
Frequently Asked Questions by Pharmacists About PPP Loans
While fielding your questions and requests for assistance, we created this video as one more resource for independent and community pharmacists — answering your most frequently asked questions about the PPP program and more. Scotty Sykes, CPA, CFP ® questions Ollin Sykes, …
PPP Loan Guidelines for Future Funding
The first round of appropriations for the Paycheck Protection Program (PPP) is depleted, according to the SBA, but there are expectations for another round of federal funding. In this video, Ollin Sykes, CPA.CITP, CMA, and Scotty Sykes, CPA, CFP,® talk about aspects …
