5 Concepts to Improve Pharmacy Profits

We’re always looking for new ways to improve pharmacy profitability. Whether it’s something completely new, or a fresh take on an old concept, the battle to innovate for higher pharmacy profits is never ending.

We’ve had the opportunity to work with a lot of amazing industry experts, discussing all kinds of ways that pharmacies can become more profitable. We’ve learned a lot, but if there’s one takeaway that we can share across the board, it’s that there’s no one right answer to solve the profitability problem.

Every pharmacy faces different challenges and boasts unique strengths. Makes perfect sense then, that there’s no one size fits all solution. What we can offer are some great foundations, strategies and business practices that you can take inspiration from.

Today, we’re sharing a few of our favorite video segments (in no particular order because we love them all!)  that can help you improve pharmacy profits, no matter where you are at in your journey.

Expert Insights on Clinical Services

If you’re looking to boost profitability with some creative and out of the box methods, this panel discussion on clinical services is a great place to start. Clinical services are awesome because you can pick and choose the services that fit your passion, pharmacy team strengths and community needs. Click Here to watch the panel discussion featuring Amina Abubakar, Blair Thielemier and Jim Cammarata.

Success with Pharmacy Front End

This panel discussion delivers as promised. Stephanie Zimmerman, Brad Jones and Gary Glisson talk about ways any pharmacy can use their front end (big, small or inbetween) to drive profits. Click here to watch!

How Challenge Becomes Your Biggest Opportunity

This data driven approach pioneered by business coach and author Patti Mara shows you how to unlock the goldmine that already exists in your pharmacy. This innovative idea helps you use everything you know about your business and your customers to grow like never before. Watch it now.

Up Solutions to Leverage Drug-Induced Nutrient Depletion

We talk about nutrient depletion counselling a lot at RMS. That’s because it’s such a great way to improve profitability, all while helping your patients experience better outcomes. If you aren’t familiar with the concept of counselling customers based on drug induced nutrient depletion, there’s no one better to learn from than Chris Cornelison. Check out his awesome session here.

Improving Your Pharmacy Gross Profit Margin

This session with Robbie Stokes makes us ask “Why not?”. Check out Robbie’s concepts for making major profit gains here.

Looking for more? 

Did you know that every month we talk about improving pharmacy profitability and customer-centricity at our CLIMB webinar series? CLIMB stands for care, lead, innovate, motivate and balance. 5 key concepts that we use to help pharmacies across the country reach new heights. RMS Blog Readers always register for free (Normally $199 per year) using this special link.