DiversifyRx

MARCH 27, 2025

Heres why it matters: Audit Risk: If youre ever audited (and lets be honestyou will be), being unable to prove you bought from an AD could result in clawbacks, penalties, or worse. PBMs will do an inventory audit, and they know exactly what your pharmacy did or didn’t buy from a diabetic testing authorized distributor.

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DiversifyRx

DECEMBER 4, 2024

Don’t Leave Money on the Table: Work with a savvy business tax specialist who can guide you on optimization strategies such as deducting inventory, saving for retirement, and maximizing deductions. Step 2: Conduct A Pharmacy Inventory Audit (Yes, It’s Worth It!) Conduct an inventory audit and clear out dead stock.

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DiversifyRx

AUGUST 6, 2024

Here are some strategies to incorporate and improve your day-to-day operations: Cross-Training : Ensure your team is well-trained in using your pharmacy management software (PMS) and conducting inventory audits. Hold brief training sessions to keep everyone updated on inventory management.

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DiversifyRx

MARCH 17, 2025

Step 2: Conduct a Thorough Pharmacy Inventory Audit Next, audit your entire pharmacy inventory to identify what should stay, go, or be reordered. How to Conduct an Audit: Categorize Prescription Inventory by Expiry: I suggest using colored stickers to help identify bottles that are getting close to expiring.

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