Cash Based Revenue

Jan 20 2022

6 Pillars of Pharmacy Profit – Top 2021

By Dr. Lisa Faast | January 20, 2022 | Cash Based Revenue, KPI Optimization, Marketing, Non-PBM Revenue, PBM Optimization, Team Development

Having a thriving, successful pharmacy means you need to take an active approach to your pharmacy profit. Being average will not keep you in business – that’s what I always say. You need to be awesome! To succeed in the pharmacy world, you are continuously implementing new ways of doing things, and with the ever-changing …

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Dec 1 2021

Pharmacy Point of Care Testing in 2022

By Dr. Lisa Faast | December 1, 2021 | Cash Based Revenue, Non-PBM Revenue

Point of care testing (POCT) is a perfect additional revenue stream for all retail pharmacies. Let’s take a look at POCT for 2022. Boosting Cash-Based Revenues POCT for pharmacies took a giant leap forward during the pandemic. With HHS’ massive scope expansion for pharmacists to help with COVID leading the way, many pharmacies are now …

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Nov 25 2021

New Year’s Weight Loss Pharmacy Growth Strategies

By Dr. Lisa Faast | November 25, 2021 | Cash Based Revenue, Marketing, Non-PBM Revenue

Don’t leave money on the table by ignoring your patients’ resolutions for New Year’s weight loss. We are 35 days away from January 1st. I will wait while you pick your jaw up and catch your breath. Yep, it is coming fast. The wintertime has seemingly gone by quickly with testing, vaccines, Medicare plan optimization, …

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Oct 29 2021

NCPA 2021 Exhibitor Recap

By Dr. Lisa Faast | October 29, 2021 | Cash Based Revenue, Non-PBM Revenue, PBM Optimization

You shouldn’t do it alone, so why try? Learn about some of the great companies at NCPA 2021 and how they can help you reach your pharmacy goals. The NCPA 2021 convention was in Charlotte, NC, and it packed a punch of awesomeness. First of all, it was wonderful it was to see so many …

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Pet-Medications-Cash-Based-Revenue-Pharmacy-Profit

Sep 22 2021

Pet Medication Cash Based Revenue

By Dr. Lisa Faast | September 22, 2021 | Cash Based Revenue

Pet medication is now easier than ever to fill for your patients. Have you ever wondered how you can get in on the 10 billion dollar pet medication industry? As a compounding pharmacy, I naturally filled the custom medications for vets. Those compounds, while profitable, are a small piece of the pie that exists for …

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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, …

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Jul 8 2021

6 Supplements That Will Make Your Pharmacy Revenue Soar

By Dr. Lisa Faast | July 8, 2021 | Cash Based Revenue

Take back control of your pharmacy’s profits with these clinically impactful supplements. As I have been up to my eyeballs in Pharmacy Profit Summit prep for the past few weeks, a few critical themes have continued to pop up. Pharmacy owners are eager to decrease the PBMs’ influence on their business, increase the control of …

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Jun 23 2021

Increase CBD Sales

By Dr. Lisa Faast | June 23, 2021 | Cash Based Revenue

CBD sales are driving many pharmacies’ profits. Here are some tips to help increase your CBD sales. CBD seems pretty ubiquitous nowadays. And you might be thinking the market is saturated. However, that is not the case. I speak with pharmacies every week that are not carrying CBD or carry it and just not seeing …

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Jun 10 2021

Pharmacy Growth: How To Partner With Plastic Surgeons

By Dr. Lisa Faast | June 10, 2021 | Cash Based Revenue, Non-PBM Revenue

If you are looking for sustainable pharmacy growth, plastic surgeons can be a great way to do it. An excellent pharmacy growth strategy is to go after underserved niches. Patient groups such as people with diabetes or chronically ill will often have many pharmacies vying for their business. Those niches get overcrowded very quickly. This …

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May 28 2021

Grow Your Pharmacy With Pharmacy Intern Graduates

By Dr. Lisa Faast | May 28, 2021 | Cash Based Revenue, Non-PBM Revenue, Team Development

Another class of pharmacy intern graduates has arrived. Here are a few popular ways you can leverage a pharmacy intern in your pharmacy. The job market for pharmacists is soft, like butter outside in the summer soft. Chain pharmacy salaries are plummeting, hospitals aren’t hiring, and new graduates need a job. Independent pharmacy owners are …

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Remote Patient Monitoring: Help Your Patients, Help Your Pharmacy

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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.