Independent retail pharmacies are up against a number of obstacles in the modern, evolving healthcare environment. The road to success can appear difficult due to escalating operational costs, intricate regulatory compliance and the rivalry provided by large drugstore chains. 

SureCost, has released a thorough white paper 5 Ways Smarter Purchasing Helps Independent Retail Pharmacies Stay Competitive. We’ll delve into the major tactics described in this resource in this blog, enabling independent pharmacies to not only survive, but also prosper. 

Maintaining Healthy Margins

The rising expense of running an independent pharmacy is one of their biggest problems. Profitability might suffer from rising drug costs, rising overhead costs and varying reimbursement rates. The white paper emphasizes on the value of maintaining robust margins. Independent pharmacies can obtain better prices and conditions from suppliers by employing wiser purchasing strategies. Smarter purchasing strategies, such as strategic negotiation techniques and sourcing, are key components in ensuring that pharmacies secure favorable pricing and terms from suppliers. This guarantees continued profitability, while delivering the level of superior service that clients need. Read more >