Strumming the Right Chord: Keeping Your Pharmacy Finances in Harmony

1. Review common financial pitfalls related to pharmacy management and strategies to avoid them.
2. List key professional relationships that support effective financial management, enabling the delivery of sustainable patient-centered care.
3. Recognize growth opportunities through financial resources that enhance patient services and expand care offerings.
4. Discuss financial planning essentials—forecasting, budgeting, and inventory turns—to ensure consistent medication and service availability.
5. Construct a financial plan incorporating growth strategies, resource management, and risk mitigation to improve patient care.

Technician Learning Objectives

1. Review common financial pitfalls related to pharmacy management and strategies to avoid them.
2. List key professional relationships that support effective financial management, enabling the delivery of sustainable patient-centered care.
3. Recognize growth opportunities through financial resources that enhance patient services and expand care offerings.
4. Discuss financial planning essentials—forecasting, budgeting, and inventory turns—to ensure consistent medication and service availability.
5. Construct a financial plan incorporating growth strategies, resource management, and risk mitigation to improve patient care.

Meet Your Speaker

Benjamin Coakley, CFP
Owner
The Waypoint Company – Pharmacy Insurance Group

Ben Coakley has been leading business development at The Waypoint Company for over two decades, shaping the company’s growth and success. Under his leadership, the team has cultivated a strong and dynamic ecosystem within the medical industry, all while staying true to a mission of generating meaningful impact. Initially focused on traditional financial services, Ben has successfully guided The Waypoint Company into an innovative force at the intersection of health and wealth care. With specialized expertise, Ben’s strategic approach has empowered independent pharmacies to flourish, using deep industry knowledge and strategic planning to drive positive outcomes. His leadership is grounded in a values-driven ethos, ensuring that both businesses and the communities they serve benefit from lasting, tangible results.

Benjamin Coakley has no relevant financial relationships with ineligible companies to disclose.

Financial support for this course was provided through an educational grant from McKesson Health Mart.