Pharmacy Accounting, Data Dashboards, Taxes, & Management Consulting

Pharmacy Accounting | Taxes | Payroll

The business of pharmacy is unique. We don’t have the luxury of setting our own pricing but instead are controlled by contracts and PBMs. Plans are filled with fees, some of which may reduce payments made on scripts months after the scripts are filled. Purchasing is challenging as wholesalers use tiers and rebate structures which often seem to be in place to create complexity and confusion. Payroll is the largest expense after drug costs, but what is the proper payroll level for my type of store and my volumes? As owners, we need trusted information and advice to keep our stores healthy and profitable.

Financial Package

Monthly Financials delivered timely and importantly, in a pharmacy specific format. Revenue is broken down on the P&L by PSAO, Caremark, Humana, DIR Fees, Cash etc. Cost of Goods Sold shows you primary purchases, secondary purchases, returns and rebates. Payroll is specific to your store by type – pharmacist, technician, delivery, admin and expenses show pharmacy specific expenses vs. general expenses like rent, utilities etc. Dear.My Accounting Services has specifically designed the structure and content for the pharmacy industry so you as the owner can clearly understand your financial performance. Additionally, via your personal data dashboard, we also provide notable highlights and insights each month to explain significant financial changes in your business. Dear.My Accounting prides itself on the timely and accurate delivery of your financials – every month. We often hear from pharmacists who are frustrated due to the very late or almost non existent financial reporting they receive. Dear.My Accounting promises monthly delivery so you can make timely decisions.

Tax Services

We provide a full array of tax services from Tax Strategy & Planning to Tax Preparation & Filing. Our staff includes CPAs specializing in small business tax. We formulate a tax strategy throughout the year based on your individual situation. This allows us to create and provide you business tax returns quickly and accurately.

Free Downloads

We have prepared find a collection of pharmacy accounting and financial documents that we hope you find insightful. Select the document(s) of interest to you and click the Download button and they will be on their way to you! We hope you find value in them and of course would be happy to discuss these topics with you.

Service

Pharmacy Data Dashboards and Analysis

The Golden Rule of Business

You have to know your numbers and additionally you have to know what numbers you need to know! DO YOU KNOW YOURS?

Operating a pharmacy produces lots and lots of data! Knowing what to focus on and having it readily available can turn all that data into useful information. Dear.My is pleased to offer an information solution to you in our Pharmacy Data Dashboards. Key financial, payroll, and operational script data in one place with a focus on the critical metrics and information needed to understand how your store is performing. These are the same metrics we have used to monitor our own stores. They provide both you as an owner and Dear.My as your advisors, the ability to identify the trends and events that guide your decisions, and create opportunities. Review our information here but we also encourage you to schedule a quick hands-on tour so we can help demonstrate the value of both our dashboards and our experience in pharmacy as you consider our pharmacy Accounting and Operations Consulting services!