Potentially the CVS sale... I'm still trying to figure out how you can't run a profitable pharmacy...
Well, first and foremost, technology.....they stuck with PDX WAAAYYYY too long, then tried to develop their own system (which was an utter failure and waste of money), and finally upgraded to EPS but were too cheap to actually purchase the licenses to allow us to utilize it to its full capabilities. Text messaging has been "glitchy" from day 1, as have the "robo-calls." Second, inventory control.....they decided to enter into a contract with other suppliers to deliver some of the medications. The issue was that those items were being shipped via FedEx overnight and there were no controls in place to limit the number of cartons being shipped. Some days, we would get multiple boxes with 1-2 items in them that could EASILY have been combined and shipped together. I'd like to know how much they lost on shipping costs alone. Plus, with the switch to EPS, they decided to implement "preferred generics," which at times, were out of stock. Because of how they were coded in the system, we couldn't order different manufacturers, unless we drop shipped them at an additional cost. Sometimes, we can get the preferred generic changed, sometimes we can't. Finally, ineffective micromanagement. In pharmacy practice, micromanagement is necessary to an extent. However, they were focusing on the wrong things.....we had a number of "visits" from upper management where they were strictly looking at superficial things, like were our supplies being stored according to best practice? Were we taking the rings off our RTS bottles? Was everything on our counter "brand"? Not a single suggestion on how we could better manage workflow or increase sales, but you can be sure they had recommendations on a better font size for the labels on our supply bins or told us to rearrange our supply shelves (because our rings/drams weren't in the correct order-we had the ones we used most often on the end of the shelf that was most easily accessible, they were supposed to be in color/size order, making the most used the least accessible).....like those really have any effect on how productive/profitable we could be
And, of course, the biggest reason Target pharmacies are the least profitable is that they actually pay us more than other pharmacies. Where I live, our techs START at what a tech at "the big 3" MIGHT make after 7-10 years.