Why you should sell before expiration:
As anyone in the pharmacy business today knows, all pharmaceuticals have a shelf life and once that shelf life has expired, the drug is virtually useless to you as a pharmacist.
Previous to now there were a few ways to prevent such inventory losses.
By hiring a company to come into your store and physically remove your expired drugs from your shelves, sending them back to the appropriate locations and charging you a percentage of your returned value or a flat rate monthly service fee. This method works for some and not for others. Many pharmacists find this method invasive to their business and business privacy as well as cumbersome to stay on top of what the representative has taken and if they got paid the proper amounts for their returns. All of this adds up to more time and management placed on your staff to stay on top of the process.
Self management of your expired drugs can also be done by you monitoring, packaging, sending and tracking all shipments back to their respective locations. This again requires the pharmacy to put in several management hours to ensure their return is properly being processed and their returns are coming and in the right amounts
As always, simply letting the drugs expire and recouping no expense for the expired product has been an option taken by many pharmacies as well who simply don't want to bother with these tedious return processes.
In all instances above the return is minimal and the time to create these minimal returns becomes unworthy of the effort. The goal for any pharmacy is to recoup as much money for any expired product or nearly expired product as is possible.
Broken Bottle RX solves all of these problems plus gives you extra money saving benefits.
By using our site and services you can not only list your expiring pharmaceuticals in time to recoup up to 74% of your retail cost but you can find deals on fast moving products for your own store.
Using this concept of slower moving drugs from one pharmacy being traded to another pharmacy that can move the drug more quickly and before its expiration date saves both pharmacies loads of money per year!
