In an effort to improve pharmacy profitability, Cardinal Health recently launched business consulting services. ProfitLeader is a suite of consulting services designed to help independent pharmacies improve margins and profitability by enhancing accuracy in the insurance reimbursement process, lowering operating costs, optimizing cash pricing, and identifying revenue opportunities.
The ProfitLeader service brings together comprehensive analysis capabilities with experienced pharmacy business consultants to help community pharmacies make the most of store profits. An experienced retail pharmacy advisor is assigned to analyze the store?s data and discuss specific recommendations that identify new revenue opportunities related to managed care, market research, and prescription management.
?Community pharmacists provide a vital link in the health care chain and are continuously challenged with balancing shrinking margins and increasing workloads while delivering excellent patient care. The ProfitLeader service is a practical and innovative solution to meet this need,? said Mark Parrish, president of the pharmaceutical distribution group of Cardinal Health.