Friday, June 20, 2014

This Is The Business Expertise I Remember From My Former Employer.

From The Motley Fool:

the biggest reason for the profit shortfall is what now appears to be overly rosy guidance for cost-saving benefits tied to Rite Aid's recent deal with generic distribution giant McKesson.

That deal transferred the company's responsibility for buying and distributing generic drugs to stores from Rite Aid to McKesson. When the deal was announced, Rite Aid argued that McKesson's bigger buying power and sophisticated distribution network (allowing for daily shipments direct to stores) would lower purchasing costs and inventory.

Unfortunately, that argument fell short this past quarter given that the company's cost of goods sold totaled 72.1%, up about a percent from a year ago.

You know, I work with McKesson myself, and I've always kinda liked them. They've always treated me fair, they have a lot of resources available for an indy out there in the big, bad, drugstore marketplace, they even gave me a free plant when I opened my account that's still alive.

I don't like McKesson anymore though. Because according to this they kinda fucked my former employer.

Which means I now LOVE them!!

BBBBWWWWAAAAHHHHAAAHHHAAAAHHAAAAAAAA.........

I'll probably kiss my McKesson driver Monday and he'll have no idea why.

Tuesday, June 10, 2014

My Preliminary MTM Conclusion

So...working through some numbers this night, I see that my MTM revenues to date have netted me about as much revenue as....

Ten extra prescriptions.

Pushing the figures a little further, I remember that when I'm in the happy pill room by myself without technician, ten prescriptions in an hour is a pretty good pace.

And...I've probably spent more than an hour doing the MTM stuff.

Which means....the paradiem  we've been living with since Nirvana was a fresh new band, of desperately grabbing as many prescriptions as we can at any price (including now actually paying for the privilege of filling them in some cases...long story) is actually still ahead of the bright new future of pharmacy being engineered for us by the visionaries of the profession.

To recap, in case you missed it. I can probably make more money in an hour cranking out prescriptions than I can working my MTM cases.

No wonder the chains went ape shit over the flu shots with hardly a peep about making sure Grandma is taking her Lipitor.

I've gotta get that damn Medicare immunization application done.

OK, thanks for helping me work through that folks. Goodnight.

Holy crap I can't believe I'm a businessman now.