PDS BLOG
HGRx Preferred
/in Current Ratio, Finances Partner/by Ali MHGRx Preferred
Transparent Health Benefits
Transparency may mean different things to different industries. We are tracking the dollars from the medical plan down to the pharmacy.
Massive Savings, More Visibility, and New Revenue Channels
Our goal at HGRx Preferred is to empower you to save money on your health benefits plan, increase visibility into your actual costs and rebates, and put you on a path to transparency in every aspect of your business. Knowledge is power, and it starts with transparency.
Our goal at HGRx Preferred is to provide transparent healthcare benefits so you can:
- Save money on your health benefits today
- Put you on a path towards transparency in every aspect of your business
- Eliminate costly intermediaries (ahem — PBMs anyone?)
Learn more about HGRx Preferred
Higher Quality Health Benefits at a Lower Cost
By aggregating our entire client portfolio with our transparent model, we can bring the best contracts to every client. We have negotiated some of the lowest group rates available for higher quality health insurance benefits.
Proprietary Products
We partner with Aetna and RxPreferred to create a proprietary product that is turnkey.
Dedicated to Transparency
HGRXPreferred is committed to helping business owners spend their dollars the most effective way through transparency.
Top Benefits
Commitment to transparency
Proprietary products
Control of your data
Growth Impact
Transparency in every aspect of your business
You can better manage your expenses and business decisions when you know where every dollar is going. Transparency is key. Start with your healthcare.
Keeping Care in Your Community
Introduce other businesses and healthcare systems in your community to transparent health benefits.
Information is Power
We believe that information is the tool that puts you in the driver’s seat. You have more power to negotiate when you have visibility into your actual costs and rebates.
Information is Power
Learn more about our transparency, data control, and proprietary products.
We Also Recommend
We Also Recommend
Merchant Cost Consulting
/in Current Ratio, Finances Partner/by Ali M
MERCHANT COST CONSULTING
Lower Credit Card Processing Fees Without the Headache of Changing Payment Providers
MCC believes you are probably paying too much in credit card processing fees. We can help your pharmacy identify savings with your current provider and put money back in your pocket. No switching is needed!
Problem Solved: Reduce Credit Card Processing Costs
Merchant Cost Consulting was founded with the purpose of helping businesses navigate the credit card processing industry. Merchant service fees can be difficult to understand and one of the biggest expenses for pharmacy owners to incur.
Merchant service providers tend to have numerous hidden fees and surcharges, along with large monthly fees that are meant to be purposely deceitful.
MCC was established to become a part of our client’s team to handle their merchant service fees to ensure they are always paying a fair and honest price.
Learn more about Merchant Cost Consulting
Lower Processing Fees
MCC audits your accounts and negotiates lower credit card processing rates, driving down costs from your current providers.
Save Time With Monthly Monitoring
When rates increase, our team works to get the rates back down and issue any applicable refunds.
MCC Negotiates. You save the stress.
MCC handles the negotiations of your contracts with your current vendors to get your pharmacy the best prices.
An Online Credit Card Processing Consultant
Top Benefits
Extensive savings reports
Fast response time
Monthly auditing
Relentlessness to achieve optimal savings
Ease of use - little to no work required
No switching of credit card processing companies needed
Growth Impact
Reduced bottom line expenses
Increased profits
Zero switching needed - your day-to-day operation stays the same
Ability to allocate new profits to other areas of business
Eliminate hidden fees and pricing traps.
Learn more about lowering your pharmacy’s credit card processing fees and start saving today!
We Also Recommend
We Also Recommend
Cash Flow 101
/in Cash Flow, Finances, Total Gross Margin Live Training, Training/by kyoder
CASH FLOW 101
Gain the Confidence to Make Better Decisions
Two-day workshop equips you to
use data to plan a more promising future.
Track and interpret
your pharmacy’s
financial patterns.
Cash Flow 101 provides the expert training you need to identify what’s happening with your business — so that you can more effectively forecast activities that could cause stagnation or lead to growth.
At the end of the training session, you will be able to read, understand and interpret your own financial statements along with other critical pharmacy data. You will make informed decisions about your pharmacy based on data — not solely relying on your instincts.
With data-driven insights about the health of your business, you’re able to avoid the pitfalls that could derail your plans. Arm yourself with the financial knowledge to make better management decisions, react to issues sooner, course-correct, and position yourself to seize new opportunities.
This session is led by Dan Benamoz (PDS Founder and CEO) and Tom Wheelwright (Best-selling author, speaker, CPA & Founder & CEO of Wealthability, and PDS conference speaker). Tom and Dan deliver on their shared passion for teaching small business owners how to thrive!. We hope you will join us!
Cash Flow 101 Training Session
November 10-12 | Tempe, AZ
Who Should Attend Cash Flow 101 Training?
- Pharmacy Owners
- Pharmacy Managers
- Key Financial Employees
Cash Flow 101 is available exclusively to PDS members.
PDS Members: Click here if you need the code.
Track Patterns
Learn to manage your pharmacy’s financial health.
Get Expert Insights
Leading CPA trainers guide you through intensive training.
Identify Opportunities
Understand how to use data to make critical decisions.
“Understanding my pharmacy’s financial statements was the first step in taking control of my business and profitability. This training course takes the guesswork out of understanding your financial data and enables making informed business decisions.”
Sasha H.
PDS Member
Top Benefits
Improve cash flow
Learn to use ratios
Become more strategic
Reduce accounts receivable
Growth Impact
Invest in profitable strategies
Enhance financial stability
Improve vendor reconciliation
Track and manage financial patterns
Separate tax strategy from business strategy
Download our Program Sheet for more Info
Invest in your pharmacy’s future.
Learn from the experts about how to
improve your pharmacy’s cash flow.
We Also Recommend
We Also Recommend
Health Growth Capital
/in Current Ratio, Finances Partner/by kyoder
HEALTH GROWTH CAPITAL
Focus on Your Next Move with Flexible Financing Options by Health Growth Capital
PDS’s preferred lender offers working capital lines of credit
to keep your pharmacy moving in the right direction.
PharmLine™ supports
independent pharmacists.
Want to consolidate some debts? Or faced with challenges with cash flow? Reimbursement delays, audits and unpredictable charge backs can make it difficult for independent pharmacists like you to manage day-to-day operations, let alone focus on future growth plans.
Health Growth Capital, a direct lender to healthcare businesses, understands those priorities. The lender gives independent pharmacy owners like you a financial safety net so you can operate your business smoothly — no matter the challenges you may be facing.
Health Growth, a preferred PDS partner, recently introduced PharmLine™, a revolving line of credit that’s designed to help pharmacy entrepreneurs focus on growing their business while managing day-to-day operations.
With PharmLine™, you can qualify for $25,000 to $1 million of credit in as little as five days — at competitive rates. Whether you need to consolidate debt, hire staff, purchase products in bulk, pay down vendor lines or launch a new marketing strategy, a loan or line of credit from Health Growth Capital can help you go further in less time.
In addition to helping you make improvements or gain financial flexibility and liquidity, a line of credit also provides extra insurance during emergencies. Many businesses make the mistake of applying for a loan when they’re in a bind — which is exactly the time they typically will not qualify. PharmLine™ helps you manage your pharmacy with less stress when monetary challenges inevitably come your way.
Get the right financial support at the right time so you can focus on the most important aspects of running your independent pharmacy — including providing the best care to every one of your customers.
In selecting Health Growth Capital as its preferred lender for members, Pharmacy Development Services (PDS) noted that the company shares its belief that independent pharmacists deserve to thrive because they are the best places for patients to get the care they need.
Learn more about Health Growth Capital
Flexible Financing
Get funds to help you adapt to fluctuations in your business.
Working Capital
Financing options of up to $1 million help you focus on future growth.
Revolving Credit
Get the right amount of support when you need it.
Use a line of credit to …
- Consolidate debt
- Pay down or catch-up vendor lines
- Eliminate disruptions from DIR fees or reimbursement delays
- Hire staff
- Take advantage of bulk purchasing discounts
- Launch new marketing or service initiatives
- Purchase OTC products such as CBD
- Make improvements such as becoming USP 800 compliant
Top Benefits
Flexible financing
Quick approval time
Customized plans
Competitive terms
Superior service
Growth Impact
Working capital
Profitability
Stability
Predictability
Start focusing on your future plans.
Learn more about applying for a
line of credit that supports your growth.