Does your team love processing online pharmacy requests? Is it more appealing knowing that for all of your effort you’ll receive $0? I didn’t think so. Online pharmacies are hijacking revenue from your practice because they deliver more than just medications, food and pet supplies. They deliver a convenient, easily navigable, one-on-one customer experience that feels good.
Your practice can do the exact same thing but even better. Turn this threat into an opportunity to grow your practice in ways you may never have thought possible.
Pricing pivot
An online request must go through a series of steps: receive the request, review it for validity, approve it and submit the approval to the pharmacy. This typically also includes multiple phone calls from the pharmacy asking for verbal approval. You are paying one or more team members and a doctor to make this process happen and likely receiving $0 in return.
Gone are the days of marking up your inventory products by 150%. Clients won’t purchase from your practice unless your products are priced competitively. Medication costs for chronic conditions can be daunting to pet owners. Price shop common medications at some of the most popular online pharmacies, and then adjust your prices to be more competitive. Even if you profit just $10 from each prescription, at least you are not losing money.
You could argue that you are bonding clients to your practice by helping them save money. But the reality is that it’s costing your practice money to do so. Put in the effort to price your products competitively. The bond you have with your clients will flourish and the practice will benefit by keeping the revenue in your practice.
Unleash the injectables
Parasiticides are arguably one of the most price-shopped products purchased online. But injectables like ProHeart 6 and ProHeart 12 can make buying heartworm preventives from online pharmacies a thing of the past. Your clients love the convenience of purchasing online and having it delivered to their door. How about an injection that lasts 6 or 12 months and they don’t have to remember to purchase the products or give the dose every month? You can easily price these injectables to compete aggressively with online monthly options, making them even more appealing to your clients.
Don’t forget about service
No longer can you tell your clients there is no guarantee on the products they purchase online, and that you have no idea how the products are stored or where they come from. Today, giant online pharmacies can “give away the farm” with free shipping, deep discounts and coupons. Pair that with flawless refunds and return policies, and your clients are happy to purchase from them again and again. The big dogs can do these things and survive financially. Veterinary practices, unfortunately, can’t.
But there is another very notable piece of the online pharmacy client experience we overlook: client service. Service from most online pharmacies is excellent, drawing pet owners in and creating a strong bond. They offer guarantees far beyond what we are typically comfortable offering. From cute notes that include pictures of the pet right down to heartfelt condolences when a pet passes away. If these giant corporations make the client feel like they truly care and that their pet is their top priority, what is stopping your practice from delivering the same warm and fuzzy feeling?