Specific Reasons That Pharmacists Struggle to Increase Pharmacy Profit

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Specific Reasons That Pharmacists Struggle to
Increase Pharmacy Profit
Martin Thuna
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Todays pharmacists must juggle a slew of tasks
at once, from keeping patients happy and hiring
quality technicians to increase profits and
keeping the business afloat. In addition to the
ever-changing pharmacist role, the COVID-19
pandemic has changed the way independent
pharmacies view profits. With so much
responsibility to bear in such a volatile
environment, many independent pharmacies are
struggling to maintain and increase profits-
Martin Thuna.
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Technology that is slow or non-existent
Pharmacy technology can help improve medication
adherence, automate manual processes to help
staff work more efficiently, improve inventory
management, aid in claims reconciliation,
identify low-hanging fruit opportunities, and
much more- Martin Thuna. Of course, not just any
pharmacy technology will suffice investing in
the right solutions is required to reap the full
benefits.
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Retail Chains Competitors
As the number of big-box retail stores expands
and merges, independent pharmacists must remain
competitive and find ways to differentiate
themselves to keep their doors open.
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Medication Noncompliance
Pharmacists place a high value on medication
adherence. When patients take their medications
as directed, the results are better outcomes,
fewer complications, and increased profits for
pharmacies.Pharmacists and patients benefit from
advanced pharmacy technology and add-on solutions
in a variety of ways, from streamlining workflows
to increasing patient satisfaction and rapport
and profit follows.
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Thanks For Watching
Source https//medium.com/_at_martinthuna/specific-
reasons-that-pharmacists-struggle-to-increase-phar
macy-profit-4f9c99f3f727