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While your main goal as a pharmacist is to help improve your patients’ health and quality of life, at the end of the day, your pharmacy is a business. In order to best help your community, you need to be able to stay open. Scotty Sykes, a certified public accountant (CPA) at Sykes & Company P.A., joins the podcast to talk about the financial aspect of running an independent pharmacy in today’s world. He explains the effect of government loans during COVID-19, as well as optimizing financial margins and cash flow at the pharmacy. This all ties back into becoming a “one-stop shop” for healthcare in your community and expanding your products and services to bring new streams of revenue to your business.
