Our pharmacy records yield some interesting results from the following odds ratio analysis:
High performing pharmacies, i.e. the top quartile based on Net Profit per Principal before owners salary as a percentage of total income, are 2.21 times more likely than low performing pharmacies to have a high over the counter sales / dispensary area ratio. This highlights the value of display and sales area to improve over the counter sales within pharmacy operations.
High performers are also 1.34 times more likely than low performers to be situated in a shopping centre.
Based on the level of user interest in the pharmacy industry, in the near future we will expand the questionnaire and benchmarks to identify additional key drivers.
If you have any feedback or suggestions for the pharmacy industry analytics and / or if you are interested in our free service to build your own client base benchmark in a particular area, please contact us today!