Brands vs. Generics: Manage Your Pharmacy Product Mix
Generic drug sales should make up roughly 85% to 90% of pharmacy scripts, but we find that too many expensive brands and specialty drugs are prescribed. High dollar volume brand sales can seriously impact margins in the long run. Scotty Sykes, CPA, …
How to Constantly Improve Your Gross Margins
Margins are tighter than ever for many of today’s independent pharmacy owners. Whether you own one or multiple stores, or are considering buying a pharmacy, this one tip will help you understand what you can do each day to keep improving your …
How to Improve Pharmacy Profit Margins
Ollin Sykes discusses “numbers with integrity” in pharmacy accounting that, taken together, can improve profit margins. He also shares the number one reason that some pharmacies experience better margins than others. …