| Most large companies employ whole departments to monitor the strategic
management of their businesses. Small and medium sized pharmacies
cannot afford to train their own employees to perform such tasks,
or the time necessary to carry out these functions themselves. If
strategic planning and management is done internally, pharmacy owners often
find it difficult to be fully objective. Under these circumstances,
outsourcing becomes a very practical way of achieving large company
effectiveness without the large company price tag.
Often there is a need for a fundamental business review in order
to accurately assess the strategic position of the pharmacy. Ideally,
strategic reviews should be conducted monthly, or quarterly. At
the very minimum, pharmacies should have their strategic direction
and practices objectively analyzed once a year to maximize profitability
and assure compliance.
Our experienced pharmacy consultants can also provide periodic or ongoing reporting to the ownership in regards to specific projects or overall business performance. The consultants will provide independent, objective, and timely assessments and recommendations
to assist the management in their decision making process.
The pharmacy business review can cover the whole business or, in more depth, specific functions such as:
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Business feasibility analysis |
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Business idea assessment |
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Business planning |
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Business problem resolution |
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Business turnaround |
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Cost containment |
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Financial projection analysis |
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Goal development |
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HIPAA compliance evaluation |
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Industry niche identification |
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Lawyer selection |
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Management consulting |
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Needs assessment |
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Operations evaluation |
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Policy & procedure review |
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Process design and evaluation |
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Project oversight and management |
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Quality control and improvement |
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Regulatory compliance analysis |
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Risk assessment |
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Spot checks and audits |
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Staffing analysis |
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Systems analysis |
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Technology evaluation |
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Workflow management |
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