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Mentorship in Independent Pharmacy

Mentorship in independent pharmacy is important for owners and those coming up behind us. As independent pharmacy owners, we often find ourselves juggling numerous roles and responsibilities. One crucial role that is often overlooked is mentorship in independent pharmacies. I am excited to share insights on how mentorship can transform your pharmacy practice, why it’s […]
dscsa

DSCSA Postponement And What It Means For Independent Pharmacies

Small Dispensers and the 6/12/2024 FDA Announcement Concerning DSCSA This week’s article on the recent DSCSA postponement comes from PRS Pharmacy Services. The original article can be found HERE. Join our next Awesome Webinar Series with guest legal guru JD from Real Value Rx to answer any questions you have about the DSCSA delay. The […]

The Power of Preparation for Pharmacy Owners

Elevate Your Pharmacy: The Power of Preparation Preparation is the only way to make your pharmacy a success. The only way to be certain of the future is to create it. As independent pharmacy owners, we know how crucial it is to stay ahead of the game. The independent pharmacy landscape is always evolving, and […]

Using Goodwill To Minimize Tax Arising From The Sale Of Your Independent Pharmacy

This week’s tax-saving tips for independent pharmacy owners come from Sean at Integrity Pharmacy Consultants. I highly recommend Sean and his team if you are buying, selling, or transferring a pharmacy. See the original post HERE. Many people, including experienced attorneys and CPAs, are surprised to learn that an individual owner, shareholder, or member can […]
non pbm revenue pharmacy profit

Why Non-PBM Revenue to Increase Pharmacy Profitability?

Increasing your Non-PBM Revenue is a great way to increase your independent pharmacy’s profits. We all detest the PBMs. So, let’s focus on decreasing your dependence on them by increasing your non-PBM revenue. Having a significant portion of your pharmacy’s revenue tied to a PBM introduces uncertainty and anxiety for pharmacy owners. PBMs contribute to […]
5 daily habits to improve your pharmacy

5 Daily Habits To Improve Your Pharmacy

5 Daily Habits to Improve Your Pharmacy: A Recipe for Success You don’t have to have hours of free time every day to improve your pharmacy; you can adopt these simple five daily habits and get started today. Running an independent pharmacy can sometimes feel like juggling while riding a unicycle on a tightrope. It’s […]
charlie munger business lessons pharmacy owners

9 Lessons from Charlie Munger for Independent Pharmacy Owners

How to build a resilient and successful business, according to the great Charlie Munger. Many people influence us as individuals and as business owners. One such figure who has profoundly influenced my approach to business is Charlie Munger. Charlie Munger was chairman of Berkshire Hathaway and was one of the most successful businessmen along with […]
how to start a vaccine program in your pharmacy

How To Start A Vaccine Program In Your Pharmacy

Are you finally thinking of starting a vaccine program in your independent pharmacy? Adding vaccine administration to your list of pharmacy services is a great way to serve and protect your community while increasing your pharmacy’s visibility, revenue, and profit. Let’s dive into how to start your pharmacy’s vaccine program. Most pharmacies can get a vaccine […]
manufacturer coupon

How To Properly Use A Manufacturer Coupon in Independent Pharmacy

It’s crucial to adhere to the manufacturer coupon rules, not just for the benefit of your patients, but also to steer clear of potential PBM audit issues.  It used to be so easy. Back in the day (yes, I am getting old, I can say back in the day!), if you had a manufacturer coupon, […]

10 Pharmacy Marketing Lessons From The Eclipse

Alright, let’s deviate from the usual and explore something unexpected—pharmacy marketing lessons from the recent total solar eclipse!  Now, I get it. You might be wondering how on Earth (or should I say, in the sky?) this relates to pharmacy marketing. But trust me, there’s more to this cosmic event than meets the eye. April […]

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    About DiversifyRx

    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.

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