Efficiency and Management Reporting

Efficiency and Management Reporting

For more than 5 years I have been preparing monthly management reports for pharmacy owners. Understanding the required information we need, to help you prepare your management reports will ensure efficient and accurate monthly reporting. Also most importantly, so you know how your business is tracking. It also ensures ATO BAS lodgements can be prepared in a timely manner and any refunds from the ATO can be received sooner!

Below are a few key tips to make your monthly reporting process a breeze:

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2022 Review: Rising Pharmacy Ownership Enquiries

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2022 Review: Rising Pharmacy Ownership Enquiries

What we have also noticed with the industry in general is that in 2022, newly established owners, young pharmacists and first-time buyers are competing with larger “corporate” pharmacy groups. In a time when the values are significant and as is typical of our industry, there are always more buyers than there are supply of pharmacies.

A Common Error We See With Pharmacies And Marketing.

A Common Error We See With Pharmacies And Marketing.

On the other hand, the pharmacies who continue with their plan and persist with the marketing for their pharmacy for the year, see great results. For example, our Pharmacy Mastermind clients (who are required to work with a marketing plan as part of the program) have an average of over 15% increase in customer numbers each month.

PEAK 2022 CHRISTMAS WRAP UP!

PEAK 2022 CHRISTMAS WRAP UP!

Partnerships have also been a big factor this year. We have had a significant uplift in pharmacists connecting with Peak looking for help and guidance on partnerships. We have produced a ton of content on this topic, and it has been very fulfilling to be able to help pharmacists with their first step into the world of business.

CRISIS MANAGEMENT: HOW CAN YOUR PHARMACY BEST SERVE THE COMMUNITY?

CRISIS MANAGEMENT: HOW CAN YOUR PHARMACY BEST SERVE THE COMMUNITY?

Within your patient base there would be trends on why people are visiting your pharmacy. Common health issues, services and conversations would be had daily. As Swarup suggests, explore these topics, and expand your scope of service accordingly. As we did with covid, look at what is required for that said crisis and build your pharmacy’s service offering from there. At Peak Strategies, we believe that is a great course of action regarding both patient experience and marketing, because you’re filling the demand of what your patients are needing.

Acknowledgement of Country

Peak Strategies acknowledges the traditional custodians throughout Western Australia and their continuing connection to the land, waters and community. We pay our respects to all members of the Aboriginal communities and their cultures; and to Elders both past and present.

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