Is your pharmacy leaving revenue on the table by not having a year round vaccine program? Pacience Edwards, PharmD, answers that question and more during the July 2023 Total Pharmacy Solution Summit.
"Pharmacies have faced increased financial pressure. Between diminishing margins, DIR fees, the current inflationary market, it's hard for pharmacies," said Pacience Edwards, PharmD, from Transaction Data System.
During the session Inject Profit into Your Pharmacy by Maximizing your Pharmacy Vaccination Program at TPSS July 2023, Edwards discussed the billing and scheduling process of creating a thorough vaccination program within your pharmacy, and why that extra work is completely worth the extra profit you will see from a program of this sort.
"Our goal is to empower our clients to grow and maintain their loyal, saisfied patient base through the optimal delivery of care," Edwards said. When those patient bases are satisfied, and care is delivered, the pharmacy is bound to be more succesful, leading to a win-win situation for everyone involved.
Navigating Ethical, Financial Considerations When Delivering Cancer Care
April 30th 2024“I think in those situations where you can use the lower cost of the drug, you should, because it's going to help the overall societal perspective. That begins to break down, though, when that low-cost drug is the one that you're losing money on,” said Scott Soefje in a Q&A on balancing cost and margin at a site of care.