Many pharmacy owners feel like they have no control over the gross profits of their business. Nothing can be further from the truth. It is true that you can’t always negotiate with the PBM’s, but you can learn to play the gross profit game and turn the tables in your favor.

 

Additionally, every business needs to have a structured and well measured plan to improve gross profits in their business. Third-party plans are only one component that impacts the overall gross profits.

 

A more comprehensive plan needs to be looked at that includes the following:

  • Medicare and Commercial Plans

  • Customer Compliance and Adherence Processes

  • Margin and Suggested Retail Pricing

  • Cash Business

  • Front Store Sales

  • Selling the Right Mix of Products and Services

 

For help building a gross profit improvement plan and how to execute your strategy to see results, click on the button below or fill out the contact us form and a HealthGrowth professional will contact you within 24 hours.