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Pharmacy Advisory Services Promote Growth
We continue our conversation about the pharmacy advisory team you need during the start-up pharmacy phase. In this video, Ollin Sykes CPA, …
05
Why an Advisory Team with Pharmacy Know-how is Critical in Every Stage of Ownership
A start-up pharmacy has different needs when it comes to which advisors work with you. Who are the pharmacy advisors you need during the …
20
Using Script Audit Logs When Analyzing Pharmacy Cash Flow and Profitability
Comparing your script audit logs to your financial statements can help you understand the financial position of your pharmacy. If your …
25
Section 199A Qualified Business Income Guidance
Early this year, the IRS finalized guidance on Section 199A, which impacts independent and community pharmacies. There are still …
07
The Hidden Fee That Affects Accurate Revenue
Direct and Indirect Remuneration (DIR) fees are only recently being recognized by script management systems and it’s critical that …
05
Non Traditional Services Used to Improve Pharmacy Margins
Non traditional services can help you improve your independent pharmacy’s margins. In this video, Scotty Sykes talks about which services …
05
How to Consistently Improve Your Gross Margins
Achieving a good industry average gross margin can be challenging when managing the expenses the independent pharmacy owner is faced with. …
05
Managing Labor Costs in an Independent Pharmacy
Next to cost of goods, labor costs are usually the second largest expense for an independent pharmacy. Labor costs should be no more than …
24
The Hidden Problem with Inventory Accounting
Many independent pharmacy owners do not keep a perpetual inventory and are just guessing at their inventory. In this video, Ollin Sykes of …
10
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 & …
