How many of your pharmacy customers have some sort of insurance? Ninety percent? In truth, it’s probably more than that with the adoption of the Affordable Health Care Act in 2010.
Staying current with wholesaler price updates is an important aspect of your pharmacy business, especially with the current trend of generic drug price inflation. Inaccurate inventory cost can be detrimental to your bottom line if the price you set for a drug or the reimbursement paid by insurance (due to PBM pricing) is less than your cost.To minimize lost revenue you should select and maintain a good relationship with your wholesaler and stay current on wholesaler price updates.