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...
Independent Pharmacy: Using Technology to Improve Medication Adherence
One of the most vital components to public health is patient medication adherence. If patients do not take their medications properly, the ramifications can be disastrous, leading to poor health, worsening of disease states, and increased hospitalizations. In addition...
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...