Technology Financing: Considering the Options
- Details
- Published: Monday, 16 November 2015 09:40
Pharmacy owners share how the options available to finance a major technology investment let them move forward more quickly to make business decisions.
It’s natural to consider financing a big expenditure, which in pharmacy might mean a big piece of technology hardware or a significant store remodel. But when it comes to smaller-scale investments, with price tags well short of six figures, financing may not be at the front of many pharmacy owners’ minds.
However, whether you are looking at getting that one piece of technology in sooner than an outright cash purchase might allow, as was the case for Ann Hunter, B.S.N., co-owner of Hunter Pharmacy in Connellsville, Pa., with her husband Steve Hunter, R.Ph., or being smart about how you use your cash when outfitting multiple locations, as was the case for Jeff Harrell, Pharm.D., co-owner of Peninsula Pharmacies with six locations in Washington state, owners can find a great deal of value in financing across a wide range of investment levels.
Getting an Immediate Impact
Financing came into play at both pharmacies when the owners made the decision to install Kirby Lester tabletop counting technology and were looking for the best way to get the benefits of the technology right away without breaking the bank.
