Section 179 Deductions – What to consider

Section 179 of the US IRS tax code allows businesses like pharmacies to accelerate depreciation of qualifying equipment or software purchases, and deduct the full expense during the current tax year.

3 Ways We’re Taking Pharmacy Tech to the Next Level

Innovation is the name of the game at InterLink AI. From hardware, to software, to supply chain, we’ve been taking scripClip tech to new heights to help your pharmacy level up.

What do Star Ratings have to do with pharmacies?

Although pharmacies aren’t directly awarded with Star Ratings from CMS like providers and health plans are, pharmacy-related measures have a big impact on patient outcomes – and the Star Ratings can have a big impact on the pharmacy’s bottom line.

14 clinical services pharmacists can provide when they have time with patients

Pharmacy customers and staff alike can benefit when pharmacies are equipped to provide more clinical services on site – saving patients an extra trip to the doctor, making it easier for them to get what they need at lower-cost sites of care, and generating more revenue in the pharmacy.

3 signs it’s time to upgrade your will-call area

The right will-call automation solution can help streamline inventory management, strengthen operational efficiency, elevate your customer and staff experience, and improve patient health. In other words, the right will-call solution can give your pharmacy the one thing you need most: time.

Cash Flow Optimization Tips for Pharmacies

“More often than not, when you look at the health of a business, the cash flow statement is just as important if not more important than anything else,” said Brent Rollins, RPh, PhD, Associate Professor of Pharmacy Practice at the Philadelphia College of Osteopathic Medicine Georgia Campus School of Pharmacy.

What can a pharmacy learn from a donut shop?

Kneeland’s Notes: If you want to improve your profit margins, perhaps you can find a way to charge for your unique services such as professional grade supplements, nutritional programs or smoking cessation classes. Like a donut shop, about how you present these services so they stand out, convey their value and justify the cost.

The Pharmacy Marketing Mandate

From Kneeland’s Notes: As a pharmacy owner or manager, you are faced with two marketing problems: 1. You need to carefully determine what new services you can profitably provide 2. You need to find cost-effective ways to build demand.

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