Industry Experience

Pharmacy Health Check

Is your pharmacy reaching its full potential?
Start your free Pharmacy Health Check today

 

How do you know if your pharmacy is performing at its best? Whether you are on a suburban shopping strip, or in a busy shopping centre, a medical centre or a regional hub, it’s difficult to know the benchmarks that you should be hitting and the critical areas where you should focus improvement.

We combine deep industry knowledge and decades of experience in pharmacy advisory with current benchmarking data to deliver a Pharmacy Health Check tailored to your business profile.

  • What you’ll receive

    Our Pharmacy Health Check will provide you with a personalised snapshot of your business, including:

    • Performance review
      A detailed financial summary showing how your business stacks up across core KPIs: sales growth, gross profit margin, labour and property costs, script volume, and professional revenues.
    • Benchmarking report
      Your performance benchmarked against similar pharmacies by turnover or location.
    • Areas for improvement
      Actionable insights showing where you’re over- and underperforming, with recommendations for improvement.
    • Expert insights into your business structure
      Guidance on the best business structure for tax efficiency, partner transition and long-term growth.

    This kind of tailored reporting and advice is something our pharmacy clients already benefit from as part of their work with Holman Hodge. The Pharmacy Health Check is our way of making this expertise more broadly available.

  • Who is this for?

    Pharmacy owners who:

    • Suspect your business is underperforming but don’t know where to start
    • Want to enhance pharmacy value to sell it, introduce new partners, or maximise borrowing capacity
    • Are looking to buy a pharmacy and want insight into its performance and opportunity
    • Are looking for competitor insights and relevant KPIs
    • Want to enhance value to optimise borrowing capacity
    • Want practical, expert advice and a better understanding of your numbers.

Get Started

To get started, complete our online form, and we’ll get in touch with you to obtain the financial information we’ll need for your Pharmacy Health Check. Information we require includes:

  1. Accountant prepared financials and management reports
  2. Pharmacy reports, such as your script analysis report
  3. A few questions answered about your pharmacy location, trading banner and business structure.

We’ll calculate your KPIs, compare them against benchmarks and prepare a clear, easy-to-understand performance report. We’ll then personally step you through your results and provide tailored advice on how to improve the outcomes for your pharmacy business.

Confidentiality is guaranteed, and your Pharmacy Health Check is completely free, with no obligation.