A show of hands in the room suggested that few pharmacy businesses looked in detail at their finances monthly, with more preferring to do so quarterly. But a monthly review of income and cost drivers in the business was important, said Mr Nutan. Numark has teamed up with accountants Hacker Young to offer a benchmarking service to pharmacies looking to learn more about their financial performance and costs compared to national averages.
Numark launched a new generics scheme called Numerics, boasting ‘transparent, competitive, simple net pricing, with no confusing discounts or spend thresholds’. The tiered scheme offers twicedaily delivery from over 1,350 generics molecules, and a Numerics Plus scheme also includes the Teva or Actavis range.
Numark’s PharmAssist scheme is described as a virtual head office solution that allows pharmacies to purchase products (generics, PIs, branded ethicals, OTC medicines and surgicals) electronically at the ‘best possible’ price from a choice of suppliers.