As a pharmacist, your goal is healthy patients, but as a business owner, it’s a healthy business.
PioneerRx is the best pharmacy software to help you with both. Your pharmacy’s success is mapped by milestones, and those milestones can be measured in quantifiable results with reports.
With PioneerRx’s search tool, you can customize any report you would like to generate.
That’s right. Any report. Your options are infinite!
For this post, we will focus on the financial aspect of pharmacy. Here are six financial reports PioneerRx offers to keep your business in check.
Analysis > Financial Reports > Accrual System Sales Totals Summary
With one report, you can view system wide sales, including Rx Sales, Retail Sales, Sales Adjustments, Customer A/R (accounts receivable) Payments, and Third Party Payments.
Analysis > Financial Reports > Rx Transaction Summary by Submission Type
This financial report shows all claims transmitted during a date range by the amount adjudicated by third parties, the amount expected in copay, any taxes, and the acquisition cost and gross profit, by third party. Since this report shows all claims (paid/reversed/rejected) by transmission date, it is the most complete accrual-based report available for both third party sales and gross profit.
Sale > Search Sales > Set filter for specific dates, departments, etc > Reports > Point of Sale Retail Item Gross Profit Report
This sales report will show all retail items by department sold on sales found within your search parameters. The Total Paid value will come from the actual cost of the item at the POS (before discounts); the Total Preferred Cost comes from the Cost used for Calculating Profit found on the item at the time of sale.
Analysis > Financial Reports > Third Party Control Balance Summary by Date Range
This report shows the activity of each Third Party Reconciliation Account in terms of sales, payments, and starting/ending balances. Ideally, it shows that Third Party payments are received on a predictable and logical basis.
Analysis > Financial Reports > A/R Control Balance by Date Range
This is an efficient 1-2 page overview (in most cases) of all activity that affected customer A/R during a date range that can help your accounting staff monitor the health of your customer account receivables.
Analysis>Financial Reports>Inventory Valuation
An inventory valuation report shows the balance and value of inventory items as of a historic date.
Big thanks to Sarah from our Accounting Support staff for lending us her knowledge on PioneerRx’s reports. She and her team members can always help you find custom solutions for your pharmacy’s needs.