Turning a profit is growing increasingly difficult in recent years.
Between rising drug prices, pressurefrom pharmacy benefit managers (PBMs), DIR fees and ever-evolving regulation, profit margins have become increasingly smaller and competition increasingly sharper.
In the past, some pharmacies have tried to find the answer for how to increase pharmacy profits by focusing on healthcare distribution.
When you want programs, technology and expertise that can show you how to increase pharmacy profits, you’ll find no better partner than H. D. Smith.
How to increase pharmacy profits with H. D. Smith
H. D. Smith is one of the largest pharmaceutical wholesale distributor in the nation. Dedicated to helping independent pharmacies thrive, we offer a broad range of products and business programs that can help independent pharmacies learn how to increase pharmacy profits more effectively.
Our product lines range from brand name pharmaceuticals and generics to home healthcare products, consumer products, specialty medicines and pharmacy supplies. And while we are highly competitive with prices, it’s in supporting our customers with extraordinary customer service and innovative solutions where we really shine.
As a premier generic drug supplier, our PharmaGen line of generic drugs is especially helpful for independent pharmacies wanting to know how to increase pharmacy profits.
We monitor the generic market daily to find the best prices and we contract with leading manufacturers to maintain one of the most robust generic portfolios in the market, offering the best possible coverage, availability, quality and value.
Business solutions and industry experts show how to increase pharmacy profits.
For pharmacies seeking new approaches for how to increase pharmacy profits, our business solutionsmay be just the answer. We offer:
- Retail solutions for merchandising and marketing that help independent businesses compete against much larger pharmacies for patient attention, script volume and front-end traffic.
- Managed care services that provide independent pharmacies with financial and operational tools, helping pharmacists understand how to increase pharmacy profits while delivering quality patient care.
- Technology solutions to enhance productivity, streamline processes, and improve customer satisfaction while increasing profitability.
- Financial services to help pharmacists know how to start a pharmacy, buy an existing business, or find a pharmacy buyer, and plan for succession.
Learn more about how to increase pharmacy profits with H. D. Smith
Robert Jacobson Surgical Pharmacy
Mount Kisco, NY
H. D. Smith customer for 35 years
“Inventory cant be beat, customer service is excellent, deliveries are dependable and returns are smooth. ”
Terry's Family Pharmacy
H. D. Smith customer for 32 years
“We always receive an accurate delivery. There is never a shortage, and no question, there is never a mistake in the pick. The return system is the best, and again, no question how it works. Credits are also given so fast.”
Alennis Rivero, Pharmacy Tech
Steven's Rx LLC
H. D. Smith customer for 4 years
“All I can say is that I have great sales reps that provide nothing but the best to their customers. The accounting department is also great and always helping customers get the best possible service”
“Customer service has always been wonderful – I speak to the same people every time who know me by name. I’ve never had a question or complaint that hasn’t been resolved in a reasonable amount of time.” - Kevin Sexton, PharmD, Co-owner, Danny’s Drugs
Danny's Drugs knows how to stand out and make an impact in its community.
Learn how it took the right business deal with a personal touch to solidify this rewarding partnership.
Team Member Spotlight
"Every day at H. D. Smith, I feel valued and respected. By far this is the best company I have ever worked for, and I cannot imagine ever finding a company that values its employees as much as H. D. Smith does.
With its strong core values, family feel and employee development, there really is no better place to work."