Why study at TECH?

Get the most out of your parapharmacy thanks to this 100% online Postgraduate certificate"

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The parapharmacy sector is booming due to the growing interest in the health care of citizens. However, managing this business requires a correct supply of products, according to each target, agreements with suppliers and the incorporation of the most effective marketing strategies.

A scenario that in turn implies a rigorous economic and financial plan that addresses purchasing management, pricing and sales management through the latest technology. This Postgraduate certificate in Profitability in Parapharmacies, taught by an excellent team of specialists in the sector.

A 150 hours teaching program, which will lead the pharmaceutical professional to get the most advanced information on profit margins that can be achieved in the industry, actions to build customer loyalty or planning sales incentives. In addition, through video summaries, videos in detail or essential readings, students will learn more about the most advanced software for the control of purchased products or the types of payment agreed with distributors.

In addition, this academic option has the Relearning system, used by TECH and based on the reiteration of the most important concepts throughout the 6 weeks of duration. In this way, the graduate will not have to invest so many hours in study and memorization, since they will be able to consolidate them in a simple way.

Undoubtedly, the pharmacist is facing an ideal opportunity to update his knowledge through an avant-garde and convenient degree. All they need is a digital device with an internet connection to view the content of this program at any time of the day. The absence of attendance and classes with fixed schedules, gives greater freedom to access the agenda of this Postgraduate certificate and make it compatible with daily professional activities.

A 150-hour course of the most comprehensive knowledge on the creation of financial and cash flow plans for Parapharmacy"

This Postgraduate certificate in Profitability Of Parapharmacies contains the most complete and updated scientific program in the market. Its most outstanding features are: 

  • The development of practical cases presented by experts in Pharmacy
  • The graphic, schematic, and practical contents with which they are created, provide scientific and practical information on the disciplines that are essential for professional practice
  • Practical exercises where the self-assessment process can be carried out to improve learning
  • Its special emphasis on innovative methodologies  
  • Theoretical lessons, questions to the expert, debate forums on controversial topics, and individual reflection assignments 
  • Content that is accessible from any fixed or portable device with an Internet connection 

This qualification will allow you to update your sales plan and employ truly productive actions in customer loyalty"

The Postgraduate certificate includes in its teaching staff professionals from the sector who bring to this training the experience of their work, in addition to recognized specialists in the field and prestigious universities.  

The multimedia content, developed with the latest educational technology, will provide professionals with situated and contextual learning, i.e., a simulated environment that will provide immersive training, designed for training oneself in real situations.

This program is designed around Problem-Based Learning, whereby students must try to solve the different professional practice situations that arise throughout the program. For this purpose, students will be assisted by an innovative, interactive video system created by renowned and experienced experts.

Explore with this program the most recommended techniques to launch offers in Parapharmacies"

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Do you want to be up to date with the software used in Parapharmacy management? Do it through this unique academic option in the university panorama"

Syllabus

The most innovative pedagogical tools and the theoretical-practical approach of this program will lead the pharmacist to obtain an effective update of his knowledge on the Profitability Of Parapharmacies. In addition, thanks to the Relearning method, based on the continuous reiteration of the most important concepts, the graduate will obtain a complete update, without the need to invest many hours of study and memorization. A unique opportunity 
that only TECH, the largest digital university in the world, can offer. 

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Access the virtual library with total comfort from your digital device with internet connection and at any time of the day"

Module 1. Profitability of Parapharmacy 

1.1. Accounting and finance of a Parapharmacy  

1.1.1. Accounting basics  
1.1.2. Assets in the accounting of a Parapharmacy 
1.1.3. Liabilities in the accounting of the Parapharmacy  
1.1.4. Types of VAT. Taxes 

1.2. Purchase Management  

1.2.1. Suppliers  
1.2.2. Suppliers 
1.2.3. A.B.C. Products 
1.2.4. Types of purchases in the Parapharmacy 

1.3. Sales management  

1.3.1. Sales of the pharmacy activity 
1.3.2. POS as a sales tool for the Parapharmacy  
1.3.3. Costs and Expenses  
1.3.4. Net Profit 

1.4. Parapharmacy Margin. Laboratory Selling Price, Pharmacy Selling Price, Total Consumer Price

1.4.1. What is Laboratory Selling Price 
1.4.2. Calculation of Total Consumer Price
1.4.3. Net Margin, and Differences Between Laboratory Selling Price, Pharmacy Selling Price, Total Consumer Price 
1.4.4. How to improve the margin 
1.4.5. Pharmacy amortization 

1.5. Sales plan for a Parapharmacy 

1.5.1. How to draw up a sales plan  
1.5.2. Customer Loyalty 
1.5.3. Sales incentive planning 
1.5.4. Incentives for sales personnel 

1.6. Tools to study the sales of a Parapharmacy 

1.6.1. Customer buying experience 
1.6.2. Upselling 
1.6.3. Cross Selling 
1.6.4. Packs 
1.6.5. Offering techniques for your Parapharmacy 

1.7. Main Tax Entities in Parapharmacy 

1.7.1. Which One to Choose? Limited Company (LC), Community Property (CP), Corporation (Corp.) or Self-Employed 
1.7.2. Equivalence surcharge 

1.8. Types of payment    

1.8.1. Payments to suppliers 
1.8.2. Deferral of payments 

1.9. Financial Plan  

1.9.1. Investment plan 
1.9.2. Balance 
1.9.3. Cash budget 
1.9.4. Interim Profit and Loss Statement 
1.9.5. Cash flow plan 

1.10. The Profit Margin of a Parapharmacy 

1.10.1. Negotiation with Suppliers 
1.10.2. Cost savings in purchases 
1.10.3. Supplier discounts for prompt payment 
1.10.4. Increasing the hours of the Parapharmacy   

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Update your sales strategies with this program and incorporate the most effective actions to improve your profit margin"

Postgraduate Certificate in Profitability of Parapharmacies

Profitability in parapharmacies is essential for their long-term survival and success. This Postgraduate Certificate in Profitability of Parapharmacies created by TECH Global University offers professionals an invaluable opportunity to understand and optimize the financial and economic aspects of this sector of the healthcare industry. This program addresses the essential strategies and techniques to effectively manage a parapharmacy, maximize its revenues and ensure its long-term profitability. This online Postgraduate Certificate teaches participants the fundamental principles of financial and economic management specifically adapted to the parapharmacy environment. Everyone will learn how to analyze operating costs, establish competitive prices and efficiently manage product inventory. In addition, key concepts such as profit margin, stock investment, and promotional and discounting strategy will be addressed.

Learn about profitability in parapharmacies

Professionals who choose this training will gain a comprehensive view on how to improve profitability in parapharmacies through cash management of their financial resources. Through case studies and practical examples, participants will acquire skills to make informed decisions about buying and selling products, as well as develop marketing strategies that will drive sales and generate increased revenue. This course also explores specific legal and regulatory issues affecting parapharmacies, ensuring that participants are aware of the regulations and requirements in this highly regulated sector. In addition, staff management and customer service issues are addressed, as these also play a crucial role in the profitability and success of a parapharmacy. Graduates will be equipped with the skills and knowledge necessary to make sound financial decisions, implement effective strategies and maintain a profitable and sustainable parapharmacy operation.