For each sales channel set a share of that channel in total revenue. However, it will take much longer to get paid from a health care plan It equals zero for cash payments, and a few days for card payments. Credit Period is a number of days showing how long it is going, on average, to collect revenue after the pointing of sale.Reimbursement Level shows which percentage of nominal selling prices you probably will be able to collect, after applying discounts, rebates, merchant fee for card payments, and allowing for a cost that is not reimbursed by health care plans.For example, you may choose to make prescription dispensing to health care plans’ customers, which decision will affect both your revenue and customer credit period. Generally, you set assumptions related to how you generate sales revenue in the Sales Channels table. Finally, Shortage & Expiration Allowance shows which percentage of your inventory is going to be lost due to various reasons, rather than sold.Days of Inventory is a number of days showing how fast each category of goods can be sold, in other words, how many days of sales your inventory is going to cover.Credit Period is a number of days showing how long it is going to take on average to pay suppliers for purchased goods.Mark-up percentage shows how much you are going to add to the hard cost of goods in order to get a regular selling price before discounts.Medication Categories:įirstly, in the table of Medication Categories, enter a list of categories and related assumptions: Moreover, you also can show or hide instructions here. Enter Income Tax Rate that will affect net profit after taxation.However, if you don’t want to produce a formal business plan, you can simply ignore this setting. If you are unsure what Discount Rate should be, enter the interest rate that usually applies to long-term saving accounts. Set the Discount Rate for the calculation of the Net Present Value (NPV) of the project.You can select 2 to 10 years by picking the respective value from the drop-down list Set a length of the Projection Period.Generally, in the Model Config section, you have to: Pharmacy Financial Model Excel Template Features:įirstly, in the upper part of the Dashboard, there is a navigation pane allowing a user to easily navigate across the template. In addition, it allows you to produce detailed and professionally looking pro forma statements and charts for a business plan. Our Pharmacy Financial Model template is intuitively understandable even for a newcomer, despite providing professional-level financial planning features. Either way, you must employ a coherent financial model to predict sales and costs, and make proper capital rationing. Or maybe you may just want to know how profitable your investment is going to be. Here comes our Pharmacy Financial Model Excel template to be a roadmap.įurthermore, you may need to prepare a formal business plan in order to secure a business loan or attract investors. So, the ability to adequately plan and manage finances is not the least. Running an independent pharmacy is an exciting and challenging task, which requires many different types of expertise.
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