COVID-19, Pharmacy Growth

How Financially Stable is Your Pharmacy?

To help your community as an independent pharmacist, you need to operate a successful business and stay open. The impact of COVID-19 has brought challenges and growth opportunities to pharmacy owners, which Scotty Sykes, CPA, CFP® discusses on the Catalyst Pharmacy Podcast, hosted by PioneerRx.

In the podcast, Scotty talks about the financial aspects of running an independent pharmacy, the effects of government loans during COVID-19 and what it takes to optimize cash flow at your pharmacy.

Looking at growth trends, Scotty shares new opportunities to be a one-stop-shop for health care in the community you serve. By doing so, you can care for patients effectively while adding new revenue streams.

Watch this podcast now as a video on YouTube.  

To hear from independent pharmacists about how they expanded their service offerings during the pandemic — and helped more patients — you can also view our Master the Margin: Innovator Series webinar here.

Source: The podcast episode aired June 2, 2021 and is shared with permission by PioneerRx. Subscribe to the Catalyst Pharmacy Podcast wherever you subscribe to podcasts, and listen to the episode at your convenience.

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