Innovative Thinking: Using Retail and Marketing Strategies to Build Independent Pharmacy Businesses
Competitive pricing is a major player in customer retention. Yet it comes to owning and running a successful independent pharmacy, financial success requires more than simply offering discounted drug prices. Small pharmacy owners remain relevant in today’s volatile...
Generational Healthcare: Independent Pharmacies & Generational Approaches to Prescription Medications
A recent study has shown that customer perceptions about a pharmacy via pharmacy engagement was the top driving factor in indirect effect to a customer’s loyalty (1). This shows that through positive customer engagement, pharmacies can boost customer perceptions and...
Improving Supply Chain Performance: Five Strategies to Improve Inventory Management and Boost Profit
Many local, independent pharmacies struggle to maintain their position in our ever-changing – and volatile – healthcare system. Most struggle with the high costs associated with running a pharmacy and are always looking for ways to cut back on expenses. One of the...
Baby Boomers: Re-Thinking Traditional Healthcare in the United States
In our previous blog outlining millennials and U.S. healthcare much of the focus centered on the advanced technologies and conveniences millennials have come to expect. However, while U.S. healthcare is rapidly evolving in the technological sphere, the medical...