Wednesday, February 26, 2014

Advisory Meeting #2

What is the best way to run a profitable retail pharmacy?

The best way to run a profitable retail pharmacy is to make sure that all prescriptions bring in profit.

-Patients prescriptions always come with co-pay which amounts to how much will be paid per prescription.

-Insurance companies post how much each prescription will be compensated for on their co-pays site

-Some prescriptions will actually cost the business profit if sold to certian patients with different insurance companies. 

Source: Book "The pharmaceutical Industry" by Roman Espejo.
Espejo, Roman. The Pharmaceutical Industry. New Haven: Gale CENGAGE Learning, 2011. Print. Opposing Viewpoints Ser.

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