Expired pharmacy medication inventory is a surprisingly complicated sequence of financial transactions that is rarely discussed, and, therefore, not always well managed in many pharmacies. This missed management opportunity has negative consequences within the bottom line for the pharmacy or the larger system it is part of.
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Pharmacies Have Certain Characteristics That Make Managing Cash Unique and Challenging. Have you Ever Looked at Your Monthly Reports or Year-End Taxes and Asked Yourself, “If We Made That Money This Year, Why Does it Feel Like Such a Struggle?”. Discover the top 5 reasons a pharmacy is potentially tight on liquid cash assets.
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In the workplace, omissions occur most frequently when someone does not know there is a task required. Another common cause for an omission is having “forgotten” to complete the assignment.
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The full cost of employment is an important method of predicting cost in financial models. Making broad based assumptions about the added costs of employment can lead the highly variable results, and errors in financial predictions.
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