© Emma Hollings
Helping a pharmacist to maximise their profits requires a full understanding of the business model, systems, long-term vision and expectations. Our clients range from single pharmacy owners, independent multiples, buying groups and LPCs. We provide a comprehensive understanding of the pharmacy market.
To facilitate a great working relationship from the onset, we listen and understand our clients' business; develop a comprehensive working association that leads to decades of multi-generational relationships.
As an award-winning practice of Chartered Accountants, aligned as the accountancy partner for prestigious and independent pharmacy networks, our collective expertise enables a full remit of services to support our clients.
- Clients are advised of proven and efficient processes to maximise gross margins when tendering or negotiating with wholesalers for drugs
- Ensure our clients' time is minimised on administration through our ongoing support
- Preparing management figures with accurate gross margins matching the correct dispensing month's income with purchases
- Providing data on trends and KPIs for benchmarking comparison information
- Discussions on operational issues such as correct staffing levels, getting the best out of service income streams, improving advertising and marketing strategies etc.
- Advice on training staff teams to maximise sales opportunities and customer relationships
- Discussion on cash-flows especially during acquisitions and sales of pharmacies.
The relationship between a pharmacy and their local community can be secondary to their doctor. Pharmacies administer drugs and the community consults with pharmacists for non-urgent conditions or perhaps for advice if waiting to see a GP. The pharmacy should be seen as a hub of healthcare excellence where advice, support, medication, OTC products and services are readily available.
In recent years and during COVID, pharmacists supported the vaccine programme and had a unique opportunity to liaise and support their local community. In many cases, pharmacists were the most accessible medical professionals and for many, this helped to establish an ongoing relationship of trust and confidence. During this unprecedented period and as our clients' business advisors, we were able to keep them informed of new regulations, support offered from the government and ongoing/changing legislation.
'Our group of pharmacies have been with Aequitas for over 20 years… Pankaj Patel has been the backbone in helping us to get from one branch to four, seamlessly….” KP
Whether the owner of a single pharmacy or a multiple, or through the complicated process of selling/buying a pharmacy practice, we work closely with our clients, supporting objectives, and providing in-depth financial analysis. We look to steer our clients' businesses towards long-term success.
If you would like more information as to how Aequitas Accountants can help and support your pharmacy and the maximisation of profits -
Please call or email -
Telephone: +44 (0) 20 8427 5550
Email: enquiries@aequitasaccountants.co.uk
www.aequitasaccountants.co.uk
SUPPORTING FINANCIAL GROWTH AND BALANCE