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
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.