Reimbursement changes have sparked updates to KPIs and financial benchmarks for independent pharmacies.

In addition to reimbursement changes we’re also seeing pharmacies find more opportunities to add diversified revenue sources such as long-term care and compounding.

On this special bonus episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP sits down with POA Executive Director David Mayper as a featured guest to discuss KPI updates, new financial benchmarks, opportunities for pharmacies, and more!

Want to read and follow along? Click here for the transcript.

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More about David Mayper:

David Mayper is the Executive Director for the Pharmacy Owners Alliance with more than 30 years of pharmaceutical supplier and trade association experience.

The Pharmacy Owners Alliance is a non-profit organization that includes over 500 member stores including franchisees, former franchisees and independent pharmacies in 36 states whose mission is to preserve, protect, and promote the interests of pharmacy owners.

They provide in-depth analysis of each member’s current purchase patterns and offer advice on the best decisions for purchasing and rebates.

Want to learn more about David Mayper, The Pharmacy Owners Alliance, and stay connected with them? Check out their social media below:

The Pharmacy Owners Alliance Facebook

The Pharmacy Owners Alliance LinkedIn

The Pharmacy Owners Alliance Website

The Pharmacy Owners Alliance YouTube

Check out all of our social media:

Sykes & Company P.A.:

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LinkedIn

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CPA’s:

Scotty Sykes – CPA, CFP LinkedIn

Scotty Sykes – CPA, CFP Twitter

More resources about this topic:

Podcast – Navigating the Complex World of Pharmacy Reimbursements

Podcast – Clinical Services Opportunities for Your Pharmacy

Podcast – Cash Flow and Improving Bottom Line for Long-term Care at Home Pharmacies

Article – Fundamentals of Pharmacy Accounting