I’m about to let you in on Peak’s worst kept secret! JT and I have been preaching on our soapboxes for some time now about the 4 Pharmacy KPI’s that you need to care about. We hosted a webinar last year about this very subject. However, I realised that we haven’t written a blog. So, today is your lucky day! I am going to give you some wonderful insight into these nifty KPI’s.
In previous years there have been significant challenges raised for pharmacy owners, relating to cashflow boost, Jobkeeper, rent abatements, very abnormal trading months and even individual store issues such as heavily reduced turnover and excessive turnover in some cases. Despite the issues being raised, the principals of pharmacy valuation methodology remain the same and must be consistently applied.
Just because your pharmacy is able to offer a particular health service, doesn’t necessarily mean it will work for your pharmacy. This is because every pharmacy has its own target audience and therefore, different needs and wants. For example, a pharmacy who has a focus on senior health, may not need a baby nurse. So, how do we select the right health service and make it a success?
