If you were a pharmacy manager, what would you do to increase sales?
Answers: Offer additional services that are low cost to customers. There is information that you can get on-line about drugs. Give it to the customer so they are better informed. Print out lists of what drugs people are taking - lot of people have trouble going to the doctor with a list but they should. Show the people the alternatives. I like one thing that a local grocery chain is doing. They are giving free antibiotics. Doesn't cost a long but builds loyalty. Offer testing at a reduced cost. Blood screening, weight programs, diet advice, blood pressure checks. Anything to bring them in and keep them coming back.
Think outside the box. Do MTM, vaccines, health screenings, get your CLIA waiver and do lab tests. See if you live in a state where a pharmacist can prescribe and see what you can do with it.
Do not give out free antibiotics because of the antibiotic crisis we are in, and also, for the sake of other pharmacies and reimbursement rates.
Dear Lord if I here the phrase "think outside the box" one more time..
Anyway about your question on how to increase sales. You mention nothing about either the nature of your competitors or their strengths. This is perhaps the most important consideration.
Consider the case of the Pharmacy I manage. We had a Super Walmart open up across the street. Then they borught out the $4 prescription. Of course half of the competition jumped in and matched prices. Within a 3 mile radius I have three Walgreen's, a Target, two Sav-ons, a Shopko, two Smith's (Kroger), a Rite-Aid, and a K-mart.
The result: Out sales have increased about 8% annually and volumes increased about 4%. We are also the only store in my chain which grows consistently every quarter.
Our big secret? We don't try to be everything to everybody. We have no MTM...no lab testing...no price matching or coupons...no home delivery. What we do have is the same staff month after month and year after year. We have enough people to keep our wait times much lower than our competition. We got stuff on the shelves more often than anyone else.We also know by name about half of the patients we serve.
So my suggestion is to size up your competition and offer what they cannot. It worked for us.
Question in relation to mergers, tender set aside, and Rule 10b-5?
Basique was a publicly traded corporation out of stock in the business of work chemical refractories for the steel industry. Because Combus desired to acquire Basique, they engaged surrounded by merger negotiations. There a merger by tender hold out occured. Stockholders who changed their position before the merger when the denial occured brought an doings against Basique asserting that the denials were false and misleading below Rule 10b-5 and section 10(b). What should be the testing to determind whether Basique has violated 10b-5. Does it business whether the misrepresentation is material?Answers: Denials of what?
Material misrepresentation is required for a 10b-5 claim.
Dana (Attorney)
What is the relationship between public and private sector?
HELPPAnswers: The first takes money from the second via the due system, and then the organization sets about wasting profoundly of it.
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