#15 Proactive Steps for Pharmacy Owners: Navigating Receivership in Healthcare Finance
Pharmacy Edge19 Nov 2024

#15 Proactive Steps for Pharmacy Owners: Navigating Receivership in Healthcare Finance

In this episode of Pharmacy Edge, host Matt Hodgson is joined by healthcare finance expert Mike McGillivray of Care Lending Group to tackle the complex topic of receivership. Mike shares insights into why pharmacies may struggle with loan payments, such as new competition, staffing issues, and demographic changes. They discuss the importance of early tracking of financial performance and maintaining open communication with lenders. The episode clarifies misconceptions about receivership, explaining it as a tool to maximize business value rather than a harsh takeover. Practical advice is offered for pharmacy owners to proactively manage their finances and engage with lenders to avoid ending up in receivership.

00:00 Introduction to Receivership with Mike McGillivray

01:00 Factors Leading to Receivership

02:20 Early Warning Signs and Bookkeeping

04:25 Understanding Receivership

09:46 Steps Before Receivership

17:05 Proactive Steps for Pharmacy Owners

19:32 Conclusion and Final Thoughts

Connect with Pharmacy Edge:

Website: www.pharmacyedge.com

LinkedIn: Pharmacy Edge

Facebook: Pharmacy Edge | Twin Falls ID | Facebook

Connect with our Host:

LinkedIn: Matt Hodgson | LinkedIn

Connect with Mike McGillivray and Care Lending Group:

LinkedIn: @MikeMcGillivray

Email: mike.mcgillivray@carelendinggroup.com

Phone: 403.710.4810

Web Site: www.carelendinggroup.com

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(28)

#27 Exploring Pharmacy Law: Ethics, Challenges, and Innovations with Aly Háji

#27 Exploring Pharmacy Law: Ethics, Challenges, and Innovations with Aly Háji

Join us on the Pharmacy Edge Podcast as host Matt Hodgson engages with Aly Háji, a seasoned health regulatory lawyer and founder of RX Law. Dive deep into the world of pharmacy law as Aly discusses co...

21 Mai 202532min

#26 Exiting Your Pharmacy Business: Strategies and Insights with Max Beairsto

#26 Exiting Your Pharmacy Business: Strategies and Insights with Max Beairsto

In this episode of the Pharmacy Edge Podcast, host Matt Hodgson welcomes Max Beairsto, an industry veteran and host of the EVCOR advisor podcast. Max discusses his forthcoming book, 'Exit: From Owners...

25 Mar 202511min

#25 Revolutionizing Pharmacy Design: Modern Trends and Optimization with Debbie Griffith

#25 Revolutionizing Pharmacy Design: Modern Trends and Optimization with Debbie Griffith

Join Matt Hodgson on Pharmacy Edge as he delves into the innovative world of pharmacy design and layout optimization with expert Debbie Griffith. Discover how modern trends and technological advanceme...

19 Mar 202511min

#24 Exploring Travel Medicine with Betty Golightly

#24 Exploring Travel Medicine with Betty Golightly

In this episode of the Pharmacy Edge podcast, host Matt Hodgson welcomes Betty Golightly, a pioneering pharmacist in the field of travel medicine. Betty shares her extensive experience in retail-based...

28 Jan 202525min

#23  Leadership in Pharmacy: Insights from Jesse McCullough

#23 Leadership in Pharmacy: Insights from Jesse McCullough

In this episode of the Pharmacy Edge podcast, host Matt Hodgson interviews Jesse McCullough, founder of Keystone Pharmacy Insights, about his journey into pharmacy and his passion for leadership devel...

22 Jan 202528min

#22 Evolving Pharmacy Strategies with Marco Casagrande

#22 Evolving Pharmacy Strategies with Marco Casagrande

In this episode of the Pharmacy Edge podcast, host Matt Hodgson speaks with Marco Casagrande, a leader in the independent pharmacy industry with over two decades of experience. Marco revisits strategi...

15 Jan 202534min

#21 From Retail Pharmacy to Online Entrepreneurship with Dr. Jamie Wilkey

#21 From Retail Pharmacy to Online Entrepreneurship with Dr. Jamie Wilkey

In this episode of Pharmacy Edge, host Matt Hodgson interviews Dr. Jamie Wilkie, a former retail pharmacist who successfully transitioned into an online entrepreneurial career. Dr. Wilkie shares her j...

7 Jan 202524min

#20 Pharmacy Edge Podcast 2024 Recap: Essential Insights & Expert Advice from 19 Episodes

#20 Pharmacy Edge Podcast 2024 Recap: Essential Insights & Expert Advice from 19 Episodes

Join host Matt Hodgson as he recaps the Pharmacy Edge podcast's 2024 episodes, summarizing key insights from various experts. Topics include automation in pharmacies by Peter Brennan of ScriptPro, tax...

30 Des 202416min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
rss-skravla-gar
pengepodden-2
rss-pa-konto
finansredaksjonen
livet-pa-veien-med-jan-erik-larssen
aftenbladet-intervjuer
utbytte
tid-er-penger-en-podcast-med-peter-warren
morgenkaffen-med-finansavisen
lederpodden
liberal-halvtime
okonomiamatorene
pengesnakk
rss-politisk-preik