An Accounting Prescription Series: Proactive Pharmacy Accounting, Business & Tax Checklist
By Scotty Sykes, CPA Need an accounting and tax checklist to get you organized going into the second half of the year? Below is a checklist to help you get proactive for fall and winter 2017. Don’t wait get started now! Verify …
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 …
Master the Margin: Financing in a Pandemic
Learn what you need to know about financing during a pandemic. Your patients depend on you and understanding your operational needs and available financing solutions may make all the difference as you continue serving your community through this challenging time. In this …
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 …
Top Legal Issues Impacting Your Pharmacy
Ollin Sykes, Sykes & Company, P.A. Scotty Sykes, Sykes & Company, P.A. Jesse C. Dresser, Esq., Frier Levitt Legal matters not only impact your pharmacy operations, but they also impact your bottom line. This webinar discussed the top legal issues as they …