Search Results: data

Aug 27 2021

Monetize Your Pharmacy Data

By Dr. Lisa Faast | August 27, 2021 | Cash Based Revenue, PBM Optimization

Everyone else is monetizing your pharmacy’s data; shouldn’t you be too? The pharmacy data that independent pharmacies create daily is worth millions. Yet, pharmacy owners never see any of that money. Everyone else that collects and uses your pharmacy’s generated data sells it. What’s crazy is you even pay to send these companies your data, […]

Independent Pharmacy Innovative Solutions

Jan 15 2021

Independent Pharmacy Solutions Through Data

By Dr. Lisa Faast | January 15, 2021 | KPI Optimization

Independent pharmacy ownership is fraught with problems. Use your data to craft innovative solutions. What keeps you up at night? Cash flow? Profitability? Where to stash your extra cash? Ok, probably not the last one, but let’s make that a goal, shall we? You are not alone. Independent pharmacy owners are facing the same problems […]

Nov 15 2021

Pharmacy Cybersecurity In A Hack-Filled World

By Dr. Lisa Faast | November 15, 2021 | KPI Optimization

Having strong pharmacy cybersecurity is critical for every pharmacy owner. Cyberattacks and ransomware are on the rise, and you can’t afford to lose this battle. If you haven’t audited your IT security protocols lately, do it today! Cyber insurance coverage is essential these days, primarily because of the confidential patient data housed within your database. […]

Feb 7 2024

Best of 2023: Pharmacy KPI Optimization

By Dr. Lisa Faast | February 7, 2024 | KPI Optimization

Your pharmacy’s data is the key to unlocking massive profit and success which is why it is so critical to focus on KPI optimization for every independent pharmacy owner. AH… DATA! I love it. And I know I am weird. It’s ok. I own my weirdness. You’ll thank me for it because I love helping […]

Apr 22 2024

Independent Pharmacy Business Lessons from the Movie Moneyball

By Dr. Lisa Faast | April 22, 2024 | KPI Optimization

Moneyball is a fantastic movie on so many levels, and my business brain can’t help but glean pharmacy business lessons each time I watch it. Imagine an industry in which the little guys, who are cash-strapped, have to compete against the big guys with seemingly unlimited budgets. How is the little guy supposed to win? […]

Apr 11 2024

Key Performance Indicators (KPIs) Every Pharmacy Owner Should Track

By Dr. Lisa Faast | April 11, 2024 | KPI Optimization

Key Performance Indicators (KPIs) are the important numbers that tell you how well your pharmacy is doing and point you in the right direction for where you need to focus your time and energy. Taking The Pulse Of Your Pharmacy With KPIs It’s really important to monitor the health of your pharmacy. By health, I […]

Jan 11 2023

Mar 11 2021

Remote Patient Monitoring – The Other Clinical Service

By Dr. Lisa Faast | March 11, 2021 | Non-PBM Revenue

Remote Patient Monitoring is DiversifyRx’s pick for the top program of the year for independent pharmacy owners. This post is an expansion of the published article written by Dr. Lisa Faast in America’s Pharmacist Magazine March 2021, “Patient Care Wherever They Are”. Has the siren of clinical services been calling you? If you are like […]

Aug 20 2021

6 Secrets To Increase Pharmacy Profits From PBMs

By Dr. Lisa Faast | August 20, 2021 | PBM Optimization

If you want to increase pharmacy profits, then you must optimize your PBM-based revenue. Most independent pharmacies’ revenue comes through a PBM. In fact, it is normal for over 95% of a pharmacy’s sales to come from a PBM. This reliance on PBMs leads to almost all of a pharmacy owner’s headaches. Audits, clawbacks, DIR […]

Nov 24 2023

DSCSA Compliance for Independent Pharmacies

By Dr. Lisa Faast | November 24, 2023 | KPI Optimization

While DSCSA (the Drug Supply Chain Security Act) enforcement is postponed until November 2024, it is critical to move forward in becoming compliant sooner rather than later. In the world of running a pharmacy, patient safety is Everything. To achieve this, the U.S. pharmaceutical industry is wrapped up in a web of regulations, and one […]

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