Growing your community pharmacy can be tricky work. Faced with a global pandemic, fierce competition, loads of red tape, and declining profit margins, many community pharmacies are taking on those shrinking profits with an end goal of growing their business and profits this year.
Enjoying bottom line success during the holidays is about more than adding the right stock to your pharmacy. It’s about building and promoting a well-planned front-end, plus an enjoyable buying experience that will stick with consumers throughout the year.
Healthcare in the United States is evolving. Factors such as politics and policy to generational differences affect how healthcare is approached.
Nutrition and vitamin supplement sales are a big pill to swallow – and a profitable one, say health care market researchers. According to Hamacher Resource Group, supplement market value in the retail sector reached almost $7 billion in the U.S. and is forecast to reach $278 billion by 2024.
A pharmacist’s relationship with their customers plays a defining role in how their pharmacy is perceived as a valuable resource. Independent pharmacists want their patients to feel comfortable and their pharmacy to be accessed by the community it serves.
Chances are you may find that your pharmacy doesn’t appear for relevant searches in your area. If you can’t find your pharmacy, then it’s time to improve your info. Providing and updating information can help your pharmacy’s local ranking on Google and enhance your presence in Search and Maps.
If you don’t promote your independent pharmacy, it won’t grow. Use these easy pharmacy promotion ideas sure to attract new patients to your pharmacy.
Let’s face it, you’ve worked so hard to get the COVID-19 testing and vaccinating supplies into your pharmacy, and your community is incredibly thankful.
Historically, pharmacies have been slow to get on board with technological advances, but this is changing rapidly.
One of the most significant opportunities to increase sales comes from your front-end when it comes to your pharmacy.
As an independent pharmacy owner, it is essential to meet with your lawmakers and invite them to visit your pharmacy to discuss issues affecting your practice and patients.
Pharmacy burglaries and robberies are on the rise. According to the DEA, in 2018, the United States saw over 676 retail burglaries and 107 armed retail robberies, with California, Maryland, and Texas being the top states with the most incidents.