Medacy Dispensary Profitability Audit for Dispensing Doctors
Dispensing Doctor Practices have experienced unprecedented pressure on dispensary profit margins during the Covid Pandemic. Not all the losses can be blamed on wholesalers, drug manufacturers or the NHS. Often, it is simply that the practice has not had the time to pay attention to the dispensary and prescribing and in turn, losses have crept in to disrupt profits.
Whilst it is easy to identify that we need to review our practices and make appropriate changes to improve our business, it is often very difficult to know where to start.
Understanding the basics of how you generate profit or loss is essential for the financial sustainability of your dispensary business. Equally, examining the dispensing activities and ensuring practices are safe and legal are a key responsibility of the GP partners.
Dispensary Profitability Review
The Medacy Dispensary Profitability audit service will:
- Review purchasing and prescribing
- Help your team understand the drug tariff, endorsing and remunerations
- Provide a detailed report and action plan.
- Leave you with the sustainable capacity to build a profitable business in the future.
Why choose Medacy?
All Medacy trainers are qualified Clinical Pharmacists who have current experience of working in Dispensing Practices. Our knowledge is up-to-date and independent. Our advice will always be suited to the best outcomes for your practice.
Caroline Pond
Many of you will be familiar with our Operations Director, Caroline Pond. She is a familiar face on the Dispensing Doctor training circuit and is an experienced dispensary auditor.
If you are struggling to identify where your profits are going and would like to help to develop a comprehensive strategy for your practice to reduce losses and maximise financial potential, contact Medacy because Caroline can help.
Our audit service will be bespoke to your practice and its needs and will provide sensible and practical guidance on dispensary service development and profitability. For further information call Medacy on 01677 252205 or email: caroline@medacy.co.uk
