Even if you are not a data nerd like me, you still need to be tracking and measuring your key performance indicators (KPIs).
By understanding what your KPIs mean and what numbers influence them, you are able to make intelligent decisions about your business. Let’s face it you have limited time and money. You need a shortcut to know what to focus on. That is where understanding KPIs comes in.
Did you know you have access to a KPI dashboard that will track the most critical KPIs?
You can input monthly numbers and see how you are trending and compare yourself to our recommended benchmarks. Never hesitate to reach out to the DiversifyRx team for help if you need it.
Where To Start
We highly recommend you start with the first 3 critical KPIs (Payroll Ratio, Inventory Turns, Expense Ratio). Once you get those to green, then you can feel comfortable moving into other areas of your pharmacy.
Here are our current courses for KPI Optimization:
Check back frequently as we are constantly adding new courses.
Click above to search for more resources to help you KPI optimization in our resource library.
We have created a list of the Top 7 KPIs for retail pharmacies in addition to other lists for LTC and Compounding pharmacies too.
