Finance & Capital Management

The two companies say their partnership will make it easier for physicians to collect payments from patients both in-office and remotely, reducing administrative burdens.

Many pharmacy owners have the means and the desire to loan money to their children for a variety of good reasons. This post considers some of the pitfalls you may wish to consider. We encourage you, as pharmacy owners, to speak with your accountant and estate lawyer before loaning money to your children. You’ll be glad you did!

In my career I’ve been able to witness value creation firsthand. A powerful example of it came when we, in the pharmacy where I was working, were scaling our immunization program and discovered a significant gap in our training. Reports indicated that our CPR training—a vital skill for pharmacists—was highly inconsistent.

I strongly believe that when we make the decision to hire someone, that person becomes part of the family and needs our support and resources until exiting. The first priority of a leader is to take care of staff, then staff can take care of customers and customers can take care of business.

The premier says his government is looking at requiring medical graduates from Quebec universities to reimburse the government the cost of their education unless they practise in the province for an unspecified period.

Lean management should be about ensuring that everyone works at their highest skill level.

Every investor likely has specific circumstances and situations that may limit utilization of some of these year-end tax tips. It’s best to check with your accountant first before making any tax-related changes. You have plenty of time before the year end to take action, so get cracking…unless you actually enjoy paying taxes!

The company says the acquisitions are set to close ‘in the coming weeks, pending customary regulatory approvals’.