The 3 Pharmacy KPIs That Can Make or Break Your Profits | Independent Pharmacy Owners

Are you watching the numbers that actually affect your pharmacy’s financial health? In this video, Lisa breaks down the 3 key pharmacy KPIs every pharmacy owner should track: expense ratio, payroll ratio, and inventory turns. You’ll learn: 👉 Why your expense ratio should stay below 19% 👉 Why high-performing pharmacies aim for payroll below 11% 👉 How inventory turns can help free up trapped cash 👉 Why excess inventory can hurt your cash flow 👉 How to use just-in-time ordering to better manage inventory 👉 How to track these 3 numbers each month in about 5 minutes 👉 Why positive cash flow and profitability should come first These simple numbers can give you a quick look at what is happening inside your pharmacy and where you may need to make changes. Timestamp: 0:00 Introduction to Critical KPIs 1:57 Understanding the Expense Ratio 5:51 Optimizing the Payroll Ratio 12:48 Managing Inventory Turns 19:13 Summary of Success Factors There are a few ways Dr. Lisa Faast can collaborate with: Pharmacy Badass University membership: https://membership.diversifyrx.com/ Pick My Brain Session: https://calendly.com/drlisafaast/pick... Subscribe to our Free Weekly Awesomeness Newsletter: https://diversifyrx.com/weekly-awesom... Ask Dr. Lisa Faast your questions by clicking the link below: https://www.drlisafaast.com/ #pharmacyowner #independentpharmacy #pharmacybusiness #pharmacyprofit #pharmacykpis #cashflow #pharmacymanagement #pharmacygrowth #inventorymanagement #diversifyrx