Independent Rx

Your legal business name does not have to match your pharmacy name, you can use a DBA. https://bit.ly/3ZeROio

Independent Rx Accounting & Data Services - Drug Analysis

The Independent Rx Dashboard allows you to easily select a dispensed drug and analyze its historical performance in your business. See historical graphs of Script Counts, Sales $, Sales $ per script (have reimbursement rates been changing?), and Gross Profit %. All key measures which may indicate changes in a number of areas including patient base, reimbursements & purchasing effectiveness. Dig deeper with the Independent Rx Dashboard.

Financial, Pharmacy System, Payroll, Analysis/Insight and much more - all in one comprehensive personalized dashboard. Know all of your data, All of the time! https://bit.ly/3hLn3uN

Today's Tip - Check Medicare exclusion list...every month

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Change the locks after you buy the store, you do not know who has keys. https://bit.ly/3ZeROio

Make sure you work to get as many EDI 835s setup as possible which will get you paid faster. https://bit.ly/3hLn3uN

During a pharmacy acquisition, inventory is typically taken the night or weekend before closing to obtain a current number. https://bit.ly/3OPCtDW

Banks will require life insurance and that process can take forever so start early. https://bit.ly/3ZeROio

Where do you stand against your peers? Are you making more profit per script than others, less profit per script? Knowing allows you to look into why others are doing better or worse than you.

Accounting, Data Dashboard, Management Consulting Services IRx Pharmacy Accounting Services offers a bundled suite of Pharmacy Accounting, Payroll, Data Dashboards, and Management Consulting services.

Today's Tip - Review metrics and monitor payroll (every 2 weeks)

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Get an accountant and lawyer who can help you with due diligence as it will give you a more rounded review of the business you are about to buy. Plus you may be about to spend hundreds of thousands if not a million plus for the business. You should pay some experts for their opinion. https://bit.ly/3ZeROio