The Key Performance Indicators of Pharmacy Business

Hear Ollin Sykes with Sykes & Company – Pharmacy Accounting Experts and Jimmy Neil with Live Oak Bank discuss the Key Performance Indicators of Pharmacy Businesses.

Listen to the free podcast on Key Performance Indicators of Pharmacy #SmallBiz here! Click To Tweet

They will answer questions such as:

  • How does my pharmacy business compare with my competitors?
  • What is included in my cost of goods sold?
  • What is my gross profit (gross margin) percentage and is this reasonable for my pharmacy business?
  • How can I reduce my expenses without compromising my quality or service?
  • What is my break-even point and why is this important?
  • Which of my products or services are making me the most profit?
  • What can I do to improve my cash flow?
  • How much net profit is my pharmacy making?
  • Is my pharmacy business in a good position financially – will it be able to survive a downturn?
  • How much money do I have invested in the business?

 

Listen to the podcast here.