In the past, independent pharmacy owners may have used their bank balance to tell them the health of their pharmacy. In this video, Scotty Sykes explains why this is not an effective way to manage your pharmacy accounting—especially given today’s tight margins. Scotty talks about the importance of using an accrual system instead of a cash system. He explains why your bank account doesn’t give you the full picture and why a high cash balance can be misleading.
The Bottom Line Pharmacy Podcast: Building Revenue and Support Through Diabetes Education Featuring Leanna Schwend, PharmD, DCES
According to the Centers for Disease Control and Prevention (CDC), diabetes is about 17% more prevalent in rural areas than urban ones. With rural communities often facing barriers to accessing healthcare, including limited specialists and transportation. But what if...