For independent pharmacies, finding ways to improve pharmacy margins is critical to remaining competitive and profitable.
Independent pharmacies today face many obstacles to improving pharmacy profitability – from rising drug prices and DIR fees to increasing regulations and pressure from pharmacy benefit managers (PBM’s). To improve pharmacy margins, community pharmacies must find ways to operate more efficiently while securing the best possible pricing on a wide variety of pharmaceutical products.
Pharmacies seeking to improve pharmacy margins should look for a wholesale partner who can help make sure community pharmacies thrive and survive in today’s volatile healthcare market.
For independent pharmacies wanting to improve pharmacy margins, H. D. Smith provides highly competitive pricing, exceptional customer service and value-added solutions that can help reduce DIR fees and improve pharmacy margin basis points.
Improve pharmacy margins with H. D. Smith.
H. D. Smith is proud to be one of the largest independent focused pharmaceutical wholesaler in the United States. Committed to serving independent pharmacies nationwide, we partner with community pharmacies to identify high-value opportunities, address critical challenges and transform operations.
To help improve pharmacy margins, we offer highly competitive pricing on a wide range of pharmaceutical products. Generic medicines are a critical source of revenue for independents, and our generic portfolio, PharmaGen, is one of the most robust on the market, offering the best possible coverage, quality, availability and value on generic medicines.
Additionally, we provide complete line of competitively-priced brand pharmaceutical products as well as home healthcare products, specialty medicines, consumer products and pharmaceutical supplies.
Additional solutions to improve pharmacy margins.
While pricing is critical when trying to improve pharmacy margins, managing the business more efficiently is important as well. That’s why H. D. Smith offers a suite of business solutions that help to streamline management, simplify finances and drive traffic and profits through more effective marketing. We offer:
- Retail solutions that help independents improve pharmacy margins by competing more successfully for patient attention, front-end traffic and script volume through improved independent pharmacy advertising and marketing.
- Managed care solutions that provide the tools and resources to effectively manage financial, quality and operational aspects of the pharmacy to improve pharmacy margins.
- Technology solutions to enhance productivity, streamline processes and improve pharmacy inventory turns, enabling pharmacy staff to focus building customer loyalty and increasing customer satisfaction.
Learn more about how H. D. Smith can help improve pharmacy margins.
H. D. Smith customer for 7 years
“I am satisfied with my overall customer experience. My sales manager is a treasure and has helped me beyond words!”
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”
Jenny Dowhower, Pharmacy Buyer
Schneck Medical Center
H. D. Smith customer for 62 years
“Our sales specialist has always gone above and beyond with our annual inventory process, but this week she went even higher. We have recently gone 340B, and she has helped keep my anxiety down and has been with us physically and on teleconferences. She's the best!”
“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."