Practice Implementation Center / HIV PEP/PrEP / Business Planning / Inventory management

Inventory Management

Overview

This resource provides a guide for managing pharmacy inventory effectively when starting new pharmacists’ services. It offers essential strategies and tools for tracking, ordering, and maintaining optimal stock levels. Businesses providing pharmacists’ services can use this information to streamline operations, minimize costs, improve cash flow, and enhance patient care by ensuring medications and supplies are available when needed. Accurate inventory management supports overall business efficiency and improves financial outcomes.

Business Planning

The Practice Implementation Center Business Planning resources consist of step-by-step guides and tools to intentionally plan and design your services with sustainability and profitability in mind. These resources will give you a clear picture of what to expect in terms of revenue and expenses and help to ensure you can launch a service with a positive return on investment.

Resources Library

Assessing local patient mix

Guides you through how to determine your realistic patient population for new pharmacists' services.

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Assessing reimbursement rates

Outlines how to determine a realistic revenue estimate or forecast based on your unique payor mix.

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Assessing personnel time and related costs to deliver service

Outlines a process to account for costs related to staff providing new pharmacists' services.

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Assessing consumables and related costs to deliver service

Identifies various categories of consumable items needed to deliver and support a new pharmacists' service and provides guidance on how to calculate per-unit costs to better inform ordering and supply decisions.

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General overhead costs

Outlines concepts related to general overhead and the costs of doing business as well as providing methods and direction to account for incremental increases in general overhead when launching new pharmacists' services.

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Managing cashflow, revenue cycles, and receivables

Managing cashflow costs

Describes considerations for cashflow planning when launching a new service and how to optimize cashflow when performing medical billing activities.

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Inventory management

Outlines the process for managing pharmacy inventory effectively.

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Legal Notice

Information on this website is provided by the American Pharmacists Association (APhA) for general educational purposes only and should not be construed as legal, financial, or medical advice. Users are responsible for their own business planning, compliance with laws and regulations, and review of contractual and billing requirements. APhA makes no warranties regarding accuracy or completeness and assumes no liability for actions taken based on this information.

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