#5 Understanding and Managing Impaired Assets in Your Pharmacy Business

In this episode of the EVCOR Advisor Podcast, host Max Beairsto delves into the critical yet often overlooked topic of impaired assets within the pharmacy industry. This episode is a must-listen for pharmacy owners looking to maintain their business value and profitability. Max breaks down what impaired assets are and explains their impact on a pharmacy’s valuation and overall financial health. The discussion includes common sources of impairment such as inventory inaccuracies, mismanaged accounts receivable/payable, and issues with fixed assets and goodwill. Max shares practical advice and real-world examples to help pharmacy owners navigate these challenges effectively, ensuring a more accurate financial representation and future success. Tune in to gain valuable insights and strategies for better business decision-making.

00:00 Introduction to EVCOR Advisor Podcast

01:40 Understanding Impaired Assets

04:38 Inventory Impairment

13:46 Accounts Receivable and Payable

17:30 Fixed Assets and Goodwill Impairments

19:50 Why Impaired Assets Matter for Buyers and Sellers

21:56 Practical Steps to Safeguard Your Business

27:29 Conclusion and Resources

Connect with Max Beairsto:

Web Site: Evcor.com

LinkedIn: @EVCOR & @MaxBeairsto

Purchase Your Copy of Buy It Smart: https://a.co/d/iNcXH1Q