SERIES: Master The Margin Episode 4 | Pharmacy Leasing 101: Capital Lease vs. Operating Lease
Capital Lease vs. Operating Lease 101: What’s the difference and how does it impact your pharmacy? In this episode of Master The Margin, Scotty Sykes, CPA, CFP and Kathy Blanchard, Senior Pharmacy Accountant take a deep dive into: The key differences between …
The Bottom Line Pharmacy Podcast: Navigating Pharmacy Chain Closure Cash Flow Challenges Featuring Greco De Valencia Y Sanchez
With Walgreens planning to close 25% of its locations over the next 3 years, many independent pharmacies will face significant cash flow challenges from underwater scripts leaving and then coming back to new scripts transferring. In this episode of The Bottom Line …
The Bottom Line Pharmacy Podcast: Developing a Weight Loss Program with GLP-1s in your Pharmacy Featuring T.W. Taylor, Owner of Williamsburg Drug Co.
Compounded GLP-1s is One of the hottest trends in pharmacy right now and one of the best ways you can take advantage of this opportunity is by implementing a weight loss program in your pharmacy! In this episode of The Bottom Line …
Enhancing Rx Workflow: Maximizing Medsync Featuring Weston Humphreys, COO of Tyson Drugs
Cash flow is the name of the game right now in pharmacy and one of the best ways to improve cash flow and enhance pharmacy workflow is with MedSync! In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, …
The Bottom Line Pharmacy Podcast: Tradeshow Series: Cardinal RBC and ThoughtSpot
Catch up on the latest in independent pharmacy in this episode of The Bottom Line Pharmacy Podcast where we share our recap of the 2024 tradeshow circuit. We share our experience at RBC Cardinal and ThoughtSpot. We also talk about the opportunities …
SERIES: Master The Margin Episode 1: Independent Pharmacy Accounting Fundamentals
Welcome to the inaugural episode of our newest series Master the Margin with Scotty Sykes, CPA, CFP, and Kathy Blanchard, Senior Pharmacy Accountant. This series is all about diving deep into accounting and tax topics for independent pharmacy owners. In this episode, …
The Bottom Line Pharmacy Podcast: Finishing the Fight: What’s Next for Independent Pharmacy
It’s episode 50 which means it’s time to celebrate a milestone! In this milestone episode, Ollin Sykes, CPA, CMA, CITP and Bonnie Bond, CPA are thrilled to sit down with the esteemed Doug Hoey, CEO of the National Community Pharmacists Association (NCPA). …
Top 3 Independent Pharmacy Accounting Tips For 2024
Whether you own your first store or your hundredth store, understanding independent pharmacy accounting is crucial. After all, accounting is the foundation of all businesses and pharmacy is no exception. However, independent pharmacy comes with its own set of unique opportunities and …
The Entrepreneurial Pharmacy Podcast: What is Due Diligence
Before buying a pharmacy, it’s important that you do your due diligence, but what does due diligence look like? On this episode of The Entrepreneurial Pharmacy Podcast, Ollin Sykes, CPA, CMA, CITP and Scotty Sykes, CPA, CFP discuss everything about Due …
The Changing Pharmacy Dynamics: Unveiling New Financial Trends for 2024
From the unknown intricacies of DIR fee changes at the point of sale to the retrospective implications of the 2023 clawback, many changes have impacted pharmacy accounting in 2024. In this article, we transform uncertainty into clarity by sharing real-time financial data …
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