How Atkins Pharmacy Increased Cash Margins by More Than 20% in 6 Months
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Pharmacy: |
Atkins Pharmacy |
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Location: |
Marble Falls, TX (1 pharmacy location) |
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Challenge: |
Pricing lacked consistency across NDCs |
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Solution: |
GoMango Meds custom pricing |
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Results: |
21% margin increase in just 6 months; $3+ improvement per prescription (net of fees) with increased patient retention |
“Like many pharmacy owners, I struggled to price our cash prescriptions consistently while maximizing profit—especially generics across multiple NDCs. About four months ago, GoMango analyzed our dispensing data and implemented new cash pricing with little to no effort on our part. Since then, our cash pricing has been consistent and more profitable, increasing margins by over $3 per prescription (even after GoMango’s fee!). I can finally put cash pricing issues to rest for good!”
—Kevin Atkins, Owner, Atkins Pharmacy, Marble Falls, TX
Kevin Atkins’ pharmacy in Marble Falls, Texas was performing well and he felt reasonably good about how cash pricing was being managed. But after attending a GoMango webinar, he found himself wondering whether “reasonably good” was leaving money on the table.
That curiosity turned into a 21% margin improvement in six months.
Kevin’s experience is worth paying attention to precisely because it didn’t start with a pricing disaster. He wasn’t losing money on claims. He had built a solid foundation. What GoMango’s analysis revealed was that even a solid foundation has optimization opportunities—and that the right partner can find them without adding complexity to your operation.
What Our Analysis Revealed
When Kevin shared his claims files, our analysis identified a clear path to improvement:
- Pricing was good overall, but rationalization could make it better.
Unlike pharmacies where pricing is deeply misaligned, Atkins’ issue was more nuanced: certain claims were priced higher than necessary, while others had room to move up. A comprehensive rationalization—reducing in some areas, increasing in others—could improve overall margin performance without disrupting the patient experience. - Generic pricing across multiple NDCs was inconsistent.
Generics are notoriously difficult to price well because the same drug can come from multiple manufacturers with different acquisition costs. Getting this right requires systematic analysis, not manual rule-setting. Our data showed room to improve consistency and profitability here. - We predicted a 14% increase in Rx pricing margins and recommended a minor 0.5% OTC reduction.
Our modeling identified where the biggest gains were available and built a pricing structure designed to capture them cleanly. The actual results exceeded our projections.
Building From a Strong Pricing Foundation
For Atkins Pharmacy, this was more of a precision calibration rather than a total overhaul.
We built a custom pricing structure that took Kevin’s existing performance as a baseline and systematically identified where adjustments would improve margin without creating patient friction. Our analysis of his real claims data, combined with AI-assisted modeling, produced a pricing structure that eliminated the inconsistencies that were costing him margin, particularly across generics with multiple NDCs.
We also built additional customized price options to support special programs Kevin was running at the pharmacy. And when he requested custom price checkers to give patients transparent pricing, we had those live within a week.
The implementation required very little effort from Kevin or his staff.
Fast Implementation, Exceptional Results
- Custom pricing implemented within a week.
GoMango implemented the full pricing structure including custom program pricing and patient-facing price checkers in under a week. Kevin didn’t have to dedicate staff time or manage a complex transition. - $3+ per prescription improvement, after fees.
Since implementation, Atkins Pharmacy has seen margin improvements of more than $3 per prescription after accounting for GoMango’s administrative fee. The solution paid for itself immediately. - 21% margin increase in six months.
Six months in, Atkins Pharmacy has improved cash prescription margins by more than 20%. That’s a meaningful outcome for a pharmacy that was already doing things right. - Cash pricing is no longer something Kevin thinks about.
The bigger win is operational. Kevin can now put cash pricing on autopilot without it consuming his attention as a pharmacy owner and pharmacist.
What This Means for Your Pharmacy
Atkins Pharmacy’s story reframes a common assumption in independent pharmacy: that optimization is only for pharmacies with serious pricing problems.
- You don’t have to be losing money to benefit from better pricing.
Even pharmacies with thoughtful pricing practices have optimization opportunities. - Generic NDC pricing is harder than it looks.
Consistent, profitable pricing across generics with multiple NDCs is one of the most technically complex challenges in pharmacy pricing. Manual approaches almost always leave margin behind. Systematic analysis finds what manual review misses. - The right solution adds value without adding work.
Kevin’s experience demonstrates what a well-designed implementation looks like: analysis, implementation, and ongoing management handled by GoMango, with minimal time required from the pharmacy owner. - Speed matters.
The faster you can implement a new pricing structure, the faster you can determine whether you are getting any ROI.
Curious whether your pricing has optimization opportunities you haven’t found yet? A free pricing analysis is the fastest way to find out.
Ready to see what’s possible for your pharmacy? Our Cash Pricing Assessment and custom pricing strategies have helped hundreds of independent pharmacies identify hidden margin opportunities and build sustainable pricing strategies. Schedule your Cash Pricing Assessment to discover how much margin improvement is waiting in your claim files.
