The Independent Pharmacy Blog For Your Success
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75 Hard for Pharmacy Owners: A Path to Transform Your Pharmacy in 75 Days
By Dr. Lisa Faast | | KPI Optimization
Join the 75 Hard for Pharmacy Owners program to transform yourself and your pharmacy in Q4. You might think the only way to make massive changes in your pharmacy is to complete massive projects and changes. However, as an independent pharmacy owner, I’ve found that it’s not the massive changes but the small, consistent actions […]
Injection Stinging Pain: Tips for Independent Pharmacy Owners
By Dr. Lisa Faast | | Cash Based Revenue
Some patients may complain about injection stinging pain. Here’s what to do about it. Some patients may get a stinging sensation when they inject medication. This injection stinging pain is often referred to as a “hot shot.” Let’s explore some practical solutions to alleviate injectable medication discomfort and ensure a better patient experience. Understanding What’s […]
Protect Your Corporate Veil: Essential Tips for Independent Pharmacy Owners
By Dr. Lisa Faast | | KPI Optimization
There’s an often-overlooked but crucial aspect of running our businesses. It is protecting your corporate veil or corporate protection. This topic isn’t talked about enough in the pharmacy space, yet it’s essential for ensuring the long-term stability and security of our businesses. Now, let me preface this by saying I’m not a lawyer, but as […]
Independent Pharmacy Profitability: Direct Billing Workers’ Compensation
By Dr. Lisa Faast | | Non-PBM Revenue
One of my favorite methods for increasing pharmacy profitability is direct billing for workers’ compensation. Over the years, I’ve made numerous videos and blogs on using direct billing for workers’ comp to increase pharmacy profitability. In fact, it is the first tactic I always ask about when speaking with a pharmacy owner who is struggling […]
Weight Loss Failures With GLP-1s Semaglutide & Tirzepatide
By Dr. Lisa Faast | | KPI Optimization
How can you help your patients when they experience weight loss failures with GLP-1s semaglutide and tirzepatide? While semaglutide and tirzepatide are amazing, weight loss failures can happen. These instances are frustrating for you and your patient. After helping hundreds of pharmacies launch GLP-1 weight loss programs, we have seen weight loss failures of about […]
Sublingual Versus Injection GLP-1 For Weight Loss
By Dr. Lisa Faast | | Cash Based Revenue
Which version of GLP-1 for weight loss options should your pharmacy offer your community? If you’re diving into the weight loss revolution with GLP-1s, you might have encountered the question: Should you carry sublingual versions, injections, or both to offer your patients GLP-1 for weight loss? How do you help patients decide which option is […]
Failure is the Best Teacher for Pharmacy Owners
By Dr. Lisa Faast | | KPI Optimization
Failure will help make your pharmacy better and stronger; it’s time to embrace it. Want a highly successful pharmacy? Start by embracing failure. Running a pharmacy isn’t all smooth sailing, but here’s a hard truth: failure is your best teacher. One of the biggest lessons I’ve learned as a pharmacy owner is that embracing failure […]
Pharmacy Valuation: The Power of Add-backs
By Dr. Lisa Faast | | KPI Optimization
Ensure your pharmacy valuation is as strong as it should be by understanding add-backs. I have been looking for another pharmacy to buy and thus have been doing a ton of pharmacy valuations along the way. It has been a great reminder that maintaining accurate financial records is a must. It is also important to […]
10 Social Media Tips for Independent Pharmacies
By Dr. Lisa Faast | | Marketing
Follow these 10 social media tips and watch your independent pharmacy grow! I love marketing. However, social media can be somewhat frightening for many pharmacy owners. It shouldn’t be. My 10 social media tips will help you make it easy. Most companies must spend huge amounts of their revenue on marketing to attract new customers. […]
Tips For Efficient Pharmacy Inventory Management
By Dr. Lisa Faast | | KPI Optimization
Effective pharmacy inventory management can make or break your business—and your bank account—in the ever-evolving landscape of independent pharmacies. As pharmacy owners, we know millions of dollars are tied up in inventory annually. How often have you stared at expired or slow-moving medications, realizing that your hard-earned money is gathering dust on the shelves? With MatchRx, you can seamlessly buy and sell short-dated and surplus medications, turning stagnant inventory into cash flow and reducing waste. It’s a powerful tool to help independent pharmacies optimize their inventory management and improve their bottom line.
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DiversifyRx is dedicated to helping pharmacy owners kick a$$. We strongly believe the key to success is diversifying your revenue streams and maximizing each opportunity that is right for you. DiversifyRx was created by pharmacy owners for pharmacy owners. We have experienced a lot of triumphs and disasters and want to share our knowledge with you. This site contains affiliate links to products or services. We may receive a commission for purchases made through these links.