• LATEST PHARMACY NEWS AND EDITORIAL

    LATEST PHARMACY NEWS AND EDITORIAL

Our latest thoughts and inspirations on buying a pharmacy, starting a pharmacy, and ongoing pharmacy operations

Why getting Financials in a Timely Manner from your Accountant is so Important

Corporations spend millions and millions of dollars annually trying to find a way to get data about there business as often as possible. Many try to get it in real time. Why is this? It is because they need data to make decisions.

The same is true in an independent pharmacy. If you receive your financials 30 to 45 days after the end of the month it is too late. You have to see what happened in a month. Did you make money? Did you lose money? Do you need to make changes to stop a negative trend? Did the program you put in place to grow sales actually work?

The pharmacies that get there financials on time and then use them to make decisions quickly are those that perform the best and weather unknown challenges like PBM reimbursement changes.
Supplement Accounting Financials with Pharmacy Sys...
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Sunday, 23 February 2020

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