Not much else matters in your pharmacy if these 3 KPIs are in the “red”. If you don’t have these controlled then you will never be able to fill up your bank account. You will work longer and harder and have nothing to show for it.
In order to have a thriving pharmacy, work on getting these to the minimum levels (or better) before engaging in other profit-generating strategies.
Here at DiversifyRx, we recommend you do them in this order:
- Payroll Ratio
- Inventory Turns
- Expense Ratio
