Pharmacy Accounting, Data Dashboards & Management Consulting

IRx is so much more than the premier independent pharmacy accounting firm. Our bundled service offering also includes analytical data dashboards and the expert operational guidance of over 100 years of experience owning and operating over 30 of our own pharmacies!

BUNDLED
Service

We Know Pharmacies

Running a business is tough. Owning, managing and optimizing a pharmacy is a whole new ball game.

We provide pharmacy accounting services and consulting but we also own pharmacies, so our financials include DIR fees, rebates and revenue lines for each payer. We also know that financials only show you half the picture, therefore IRx also consolidates pharmacy operational data from your pharmacy system and payroll system detailed data into a digital dashboard allowing you to make better decisions and ultimately grow your business.

Pharmacy Accounting | Payroll | Human Resources

The business of pharmacy is unique.  We don’t have the luxury of setting our own pricing but instead are controlled by contracts and PBMs.  Plans are filled with fees, some of which may reduce payments made on scripts months after the scripts are filled.  Purchasing is challenging as wholesalers use tiers and rebate structures which often seem to be in place to create complexity and confusion.  Payroll is the largest expense after drug costs, but what is the proper payroll level for my type of store and my volumes?  As owners, we need trusted information and advice to keep our stores healthy and profitable.

Our Deliverables
FINANCIAL PACKAGE

Monthly financials delivered timely with well-thought-out layouts to aid analysis.

CFO GUIDANCE

You have access to an executive team to help guide you on everything from daily operations, cash flow, new lines of business, personnel, cost control, and much more at a fraction of the cost.

BOOKKEEPING

Let us record and categorize your day to day transactions. Spend more time being an owner and a pharmacist.

PAYROLL

Get the help and oversight you need to manage your payroll.

HUMAN RESOURCES

As a small business owner it is hard to keep up with the dos and don’ts of HR.  Let us be a phone call away to help you with hiring, policies & procedures, regulatory, and countless other personnel challenges that seem to require so much of your energy.

TAX ADVICE

Staying in compliance with tax laws while making smart choices to minimize your tax burden is essential to keeping your business healthy.

Additional Insights

We encourage you to read some of our insights regarding our Pharmacy Accounting Services at the links below.

Service

Pharmacy Data Dashboards and Analysis

The Golden Rule of Business

You have to know your numbers and additionally you have to know what numbers you need to know!

 

DO YOU KNOW YOURS?

Operating a pharmacy produces lots and lots of data!  Knowing what to focus on and having it readily available can turn all that data into useful information.  IRx is pleased to offer an information solution to you in our Pharmacy Data Dashboards.  Key financial, payroll,  and operational script data in one place with a focus on the critical metrics and information needed to understand how your store is performing.  These are the same metrics we have used to monitor our own stores.  They provide both you as an owner and IRx as your advisors, the ability to identify the trends and events that guide your decisions, and create opportunities.  Review our information here but we also encourage you to schedule a quick hands-on tour so we can help demonstrate the value of both our dashboards and our experience in pharmacy as you consider our pharmacy Accounting and Operations Consulting services!

Pharmacy Accounting Dashboard
  • MAKE ACCURATE BUSINESS DECISIONS

    Key
  • KNOW YOUR PHARMACY'S HEALTH AT-A-GLANCE

  • BUSINESS INTELLIGENCE ANYWHERE, ANYTIME

Key Performance Metrics

A very small sampling of the more than 50 key performance indicators (KPIs) and data points present in the dashboards

  • Scripts per Week
  • Total Gross Margin
  • Cash Flow
  • Payroll to Sales Ratio
  • Sales per Script
  • Gross Profit per Script
Features
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The Dashboards
  • Analysis & Info Center

  • Financial Statement Repository
  • Comprehensive Performance Overview
  • Payroll Analysis
  • Product & Payers Analysis
  • High & Low Profit Scripts, Controlled Drugs
  • Many more...

Pharma
Benefits
screenshots

The screenshots below display small samples of portions of each of the five dashboards available to IRx Pharmacy Accounting Services clients.

OVERVIEW
SCRIPT PROFITABILITY
TOP PAYERS AND PRODUCTS
PAYROLL
FINANCIAL STATEMENT KEY BALANCES
PRODUCT MIX REPORTING
Service

Pharmacy Management Consulting

Having accurate, timely and well-formatted data is important, but to make it useful you need to understand how to put the information to work. Our team has decades of experience in owning and operating pharmacies.  Using the quality financials and the pharmacy data dashboard to understand your store and to come alongside you as you make critical decisions is our focus.  We want to see strong, healthy independent pharmacies that are continuing to make a great impact in our communities, and we would like to partner with you to give you the resources you need.  Simply put, we do not want you to feel like you are on an island by yourself – it is always a great feeling to have an experienced team to turn to when you are in need of help.

Mark BonDurant Consulting on Pharmacy Operations
  • Inventory Management

  • Managing Employees

  • Reconciliation Services

  • Managing Payroll

  • Process Improvement (MTM, Med Sync, Workflow)

  • Wholesaler Purchasing Agreement

  • Effective Purchasing

  • Patient Management

  • Marketing Strategies

  • Audits