Questions for 10/24

1. “At a minimum, you should review your financial statements annually. You should be comparing your pharmacy’s performance to previous years (to see trends) and to industry standards (to see how you compare in the marketplace). “How up to date do most pharmacies keep their data trend wise, because you should always be looking for trends and growth, not just once a year?
2. Are audits any different with pharmaceutical companies? Does the company have an internal self auditor? Or possibly a third party?
3. Are pharmaceutical companies outstanding balances any larger than other companies because of the middleman with the insurance companies?