Pharmacy managers are responsible for managing accounts ranging from supplier payments to third-party insurance and any peripherals that may come into play.
All the proceeds taken in by the pharmacy must be tallied on a daily basis and compared with expenses so that the money coming in never falls short of the money going out.
Since many of the accounts dealt with have different due dates, it is essential to remain in control of all finances at all times.
Most pharmacies are paid primarily by third-party insurance companies for the prescription medication they dispense.
Payments arrive on a monthly basis and muse be checked for accuracy and shortcomings against the prescription log for the month.
If there are discrepancies, the manager must contact the insurance company at fault and claim the difference.