By: Christy Fasciana Running a successful independent pharmacy requires specialized knowledge and a lot of hard work. In addition to properly dispensing medication and providing exceptional customer service, you need to conduct the business side of your operation. Today we want to talk about just that: the...
By: Mikayla Zucker QuickBooks is an easy, low-cost way for independent pharmacies to manage their finances. It is one of the most popular accounting solutions for small businesses. The software offers a wide range of versatile tools and reports that can keep you organized, keep you...
By Carla DeMartini, CPA What is the Provider Relief Fund? The Provider Relief Fund (PRF) is the federal program issued under the Coronavirus Aid, Relief, and Economic Security (CARES) Act aimed at supporting eligible health care providers in the battle against the COVID-19 pandemic. The PRF is...
By David Clark, CIA, CFE, CRMA, Seth Miller Gabriel, Umer Yaqub The higher education landscape has changed over the last few decades, with increasing concern regarding declining enrollment and institutions’ ability to drive revenue by attracting and retaining students at levels necessary to support operations. The...
By Carla DeMartini, CPA What is the Provider Relief Fund? The Provider Relief Fund (PRF) is the federal program issued under the Coronavirus Aid, Relief, and Economic Security (CARES) Act aimed at supporting eligible health care providers in the battle against the COVID-19 pandemic. The PRF is...
By: Paige Otos Successful independent pharmacies eventually reach a point in their growth when it is time to consider opening up a second location. However, determining whether you have arrived at that place is easier said than done. After all, opening a second pharmacy location is...
On June 11, 2021, Health Resources and Services Administration (HRSA) released a Reporting Requirements Policy Update related to provider relief fund reporting requirements. The updated Post-Payment Notice of Reporting Requirements seeks to amend the previous reporting requirements released on January 15, 2021. These reporting requirements...
On June 16, 2021, the Financial Accounting Standards Board (FASB) released a proposed Accounting Standards Update (ASU) related to the Leases standard (Topic 842). The proposed ASU would improve the discount rate guidance for lessees that are not public business entities which includes nonprofit organizations,...
By Robby Vanrijkel COVID-19, the economy and political shifts have resulted in tumultuous times for many nonprofits. Organizational resilience depends heavily on securing funding, and organizations are seeking out new ways to engage with donors to ensure they have the resources needed to continue their missions....
By Stacey Powell, CPA, and Sam Thompson, CPA The Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) provide $350 billion in emergency funding for eligible state, local, territorial and tribal governments. The U.S. Department of the Treasury (Treasury) has published an Interim Final Rule that implements...
