The flu vaccine business has dropped over the last couple of years because of several factors including tough competition, delayed or short supplies, and a decline in flu vaccine reimbursement. The overall effect has been an increase in the flu vaccine procurement costs as well as a decrease in the number of people turning up for flu vaccinations. This article will reveal to you the top tips for buying a flu vaccine to help you boost your profit margins in this once lucrative immunization business.
Top tips for buying a flu vaccine
Buy in wholesale
If possible, order your flu vaccine in wholesale directly from a licensed vaccine manufacturer. If it ‘s hard to order directly from a specific manufacturer, then consider purchasing from a distributor. To cut on buying and procurement expenses, simply avoid purchasing your flu vaccine from a retail pharmacy whenever possible. What’s more? You can also buy a flu vaccine cheaply if you join a group that can buy the vaccine in huge quantities. One big advantage of buying flu vaccine in wholesale is that distributors and manufacturers will be more than willing to give a price break to anyone or any group that buys in bulk. You can buy flu vaccines here at affordable and reliable prices.
Do your shopping early
As they say, failing to plan is planning to fail. Instead of waiting for the flu season to buy your flu vaccine, purchase it early enough to steer clear of price hikes. Practitioners who wait until the last minute to buy their flu vaccine often pay a premium, just like passengers who book their air tickets at the last minute.
Bill the vaccine completely
Ensure you bill for the flu vaccine itself as well as for its administration. If any patient owes a co-payment, collect it before going for the next bunch of flu vaccine. Complete billing gives you full control of the overall cash flow in your flu vaccine business. Being aware of your business’s cash flow not only helps in proper planning but also in the excellent management of the available capital resources.
Promote your flu vaccine before you go shopping
Before you order your flu vaccine, hold a flu awareness campaign to promote your vaccine. Target different types of people including children, parents, bosses, employees, and much more. Find out what your competitors are doing and market your flu vaccine using flyers as well as posters.
Carry out mass immunization
Mass immunization not only helps you to leverage the economies of numbers but also to make efficient use of your flu vaccine. After purchasing your flu vaccine, schedule a flu clinic on a specific date to vaccinate all those who turn up, including those who heard of you from your previous flu vaccination campaign. It is wise to offer one clinic early in the flu season for the high-risk patients and another one later in the season for the entire public.…