Blogs

Is it time to Diversify? Private Services? YES.

Ceri Davies

25th July 2024

10 Min Read

Lets face it, we all know purchasing profit isn’t what it used to be.  The challenges pharmacy face now are greater than any of us in the business could have ever anticipated. The introduction of Pharmacy First has no doubt given an opportunity to open the pharmacy doors even wider to the general public.  However, funding is continuously squeezed whilst threshold demands are ever increasing, UNLESS – we diversify! There are simple steps that can be taken to free up your time to focus on these valuable revenue streams. But YOU have to implement the change.

More often we are hearing our friends and colleagues complain about waiting times for simple blood tests, or worse, being turned away for test’s they have requested through their GP’s such as a simple menopause test, because they aren’t deemed to qualify.  So, its becoming more popular to source these tests privately.  Could our local community pharmacy offer this service – 100%!  Pharmacy Friends partner with London Medical Labs (‘LML’), who can help you get set up and support you through the process.   Phlebotomy training for up to 2 members of staff will be reimbursed back to you once the pharmacy purchases the equivalent value in tests, meaning no risky expensive outlay. An example of profit on return for the most popular tests retailing between £89 -£159:  WellMan/WellWoman = 75% POR!  Plus a service fee of £25! One blood drawn WellWoman test is the equivalent of 3 hypertensions services.

There are 100’s of profiles to chose from, including General Health Screens, Bone, Fatigue, Heart Health, Anaemia, Sports Fitness, Sports Hormone, Sexual Health, Infectious Disease, Kidney Function, Cholesterol, Diabetes and Insulin and many more.

LML is an ideal solution for pharmacies looking to provide a comprehensive range of screening blood tests.

LML will provide you with the equipment (consumables and marketing are FREE), a courier service, reliable turnaround times and a personal service.  LML also provide a wide range of home testing kits which can be sold in store.

Think this is something you can get on board with?  Call our team and lets make it happen!

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