Pharmacy U news

Protecting the brain from dementia is an important concern for many individuals, especially as they age. While there is currently no known cure for dementia, there are steps that can be taken to help reduce the risk of developing this debilitating condition, and though Vitamin D may be part of the picture, it certainly isn’t the whole picture.

In previous articles, we looked at a few common types of accounting errors, from improper inventory record-keeping to inappropriate accounting for capital and staff expenses. But there are many other gaffes we have seen occur during our years supporting pharmacist-owners who want to sell their businesses.

As we continue our overview of the four principles of leadership growth, I will readily admit that most people may expect or want something much more glamourous than what I bring you today.

The patient-healthcare provider bond is an alliance of honesty, understanding and trust. In our best attempts to provide patient care, we sometimes fail to establish the required relationship based on the way a patient treats us or the staff. This can feel like an incompatibility or inability to connect in a collaborative way.

The pharmacist personality is commonly a confrontation-avoider. We will often put ourselves out for the sake of others. People are used to getting our attention whenever they want it, no matter how small their query.

Solid accounting practices are fundamental to enhancing and preserving the value of your pharmacy business. The converse, of course, is also true: bad accounting can undermine pharmacist-owners' ability to sell their pharmacy when, how and for how much they hope to.

To some reading this column, the word "intentional" will hit you like a punch in the nose. It will possess your attention and inspire your action. Intentionality does not discriminate. It is a principle that will serve all who choose to adopt it. I have yet to find anyone who has not benefited from intentionality.

For the past five years my work portfolio has been a mix of corporate and independent pharmacy work. I have a day job at a corporate pharmacy as a practising pharmacist/pharmacy manager that I spend close to 40 hours per week at and own two pharmacies well outside of the trading area to avoid any conflict of interest.