If you have to take your eyes off your patients and your vision to pay attention to internal control issues, your pharmacy can lose momentum and focus. But without someone paying attention to internal systems you’re not maximizing your profits and you’re leaving your pharmacy vulnerable.

Often independent pharmacies need the business analysis, guidance and oversight of a high-level Controller but don’t want to shoulder the expense of hiring someone full-time. Our virtual CFO and Controller services take advantage of powerful technology to provide you with a full range of CFO or Controller services at a fraction of the cost.

Because we have over 100 pharmacy clients, we can quickly establish and maintain efficient accounting functions for your pharmacy or pharmacies. We can implement accounting systems and controls and make sure you have everything you need to utilize them fully. If you require, we can manage your accounting department or perform full service accounting for you.

Our virtual CFO and Controller services include:

  • Cash flow management including working with third-party insurance issues
  • Inventory management
  • Accounts receivable and accounts payable management
  • Financial statements
  • Policies & procedures
  • Forecasts and budgets
  • Industry benchmarking
  • Financing proposals for banks
  • Check writing for your approved bills
  • Disbursement of those bills with checks
  • General ledger reporting
  • Advising you of financial results and recommending ways to improve them
  • Billing
  • Receipting of funds
  • Any other financial or accounting service you require.

Whether you need the highest level of oversight and guidance or someone to clean up your books and get you comfortable with an efficient accounting system, we’ll be good stewards of the trust you’ve invested in us.