Communication is one of the key components of a successful business; communicating internally with your staff and externally with your customers and the local community you serve. It’s critical that the message you’re communicating internally aligns with the message that makes its way to the masses.
News: Community Pharmacy
Where do you envision your pharmacy business in the next five years? Do you see an increase in the number of patients you serve or an opportunity to offer additional services to attract new customers?
It’s not only important to ensure your operation is performing regular backups; it’s crucial to know how long it would take to resume operations if you had to scrap your current system and restore it from a backup.
It always comes back to the foundation and infrastructure. No matter how swanky the front end or conscientious the staff, if your hardware is not up to speed (figuratively and literally), or if it does not offer the functionality you need to manage your workflow and support your customers’ demands, then you are struggling unnecessarily, which can affect your profits and your business.
Your pharmacy management software and how it handles ancillary services is the lifeline of your community or long-term care pharmacy. Every pharmacy’s goal is to grow and maximize profits while ensuring the best patient outcomes, and keeping your software up to date is a vital part of making sure you have the tools you need to reach your goals.
On any given day in a community or long-term care (LTC) pharmacy, there are dozens of outside factors that can affect your business and its profits. The industry is in constant flux, and that uncertainty led to the closure of more than 600 retail pharmacies in 2017. Independents closed 67 locations; chains decreased by 138; grocery store pharmacies lost 169 and mass pharmacies shrank by 252.
Momentum continues to build toward the integration of pharmacists into the overall healthcare team, recognized (and reimbursed) for their clinical knowledge and patient care.
Policymakers in Washington, DC, are exploring reforms to Medicare Part D that could mark the most significant changes to the popular program since its inception in 2006.
“Good, good, good . . . good vibrations.” Remember when you used to sing that ditty in the shower as you got ready for work? Now, you’re trying to come up with a plausible excuse to call in sick, which is tough if you’re the boss or the only pharmacist on duty that day.
From pharmacy’s inception, patients have arrived at the door seeking more than medicine – and although selling side items is nothing new, dwindling profits on prescriptions make it increasingly important for revenue.