Cash Based Revenue
The global weight loss supplements market grew from $34.5 billion in 2022 to $39 billion in 2023. As a trusted healthcare provider, your independent pharmacy has a unique opportunity to support your customers’ wellness journey by offering a thoughtfully considered selection of weight loss products. But it’s important to approach this undertaking with integrity, focusing on […]
Expand Your Pharmacy Revenue Streams with Educational Classes
By Dr. Lisa Faast | | Cash Based Revenue
One of the desires of many pharmacy owners is to diversify their revenue streams to grow. While we know that dispensing medications is a main function, expanding services and offering educational classes is a great way to add additional revenue and establish your pharmacy as a community resource. Community education, also known as community-based education […]
Most Amazing Summer Promotions to Grow Pharmacy Profit
By Dr. Lisa Faast | | Cash Based Revenue, Marketing, Non-PBM Revenue
Attract new paying customers to your independent pharmacy by highlighting summer promotions to grow pharmacy profit. Summer is not only a season filled with sunshine, vacations, and a sense of adventure. It is also an excellent time for pharmacies to increase their profits by offering promotions that appeal to customers. So let’s dive in and […]
Four Hot OTC Products for Pain Patients
By Dr. Lisa Faast | | Cash Based Revenue, Marketing, Non-PBM Revenue
Helping patients with pain can be both clinically rewarding and great for your bottom line too! Stop The Pain Pain, pain go away is often the song that many of your patients are singing when they come through the doors of your pharmacy, and for good reason, no one likes pain! One of my crusades […]
How To Maximize Pharmacy Profit Opportunities with Hair Loss Patients
By Dr. Lisa Faast | | Cash Based Revenue, Marketing, Non-PBM Revenue
Hair loss will affect men and women and can happen at any age. Hair loss spending is over 23 Billion dollars annually (at least in 2021). Yes, that is Billion with a ‘B’. Your pharmacy could be missing its share of this enormous market because you aren’t targeting patients willing to pay cash for products […]
Tips for Marketing Weight Loss to Prescribers
By Dr. Lisa Faast | | Cash Based Revenue, Marketing, Non-PBM Revenue
Unless you have been hiding under a rock, you probably noticed that weight loss drugs are a hot topic and your independent pharmacy can utilize this strategy.
5 Proven Strategies for Growing Your Compounding Pharmacy
By Dr. Lisa Faast | | Cash Based Revenue, Marketing, Non-PBM Revenue, Team Development
The interest in compounding has definitely increased recently. Use these 5 proven strategies to grow your compounding prescriptions and profits. I love compounding. It was my first passion in pharmacy. For me, every potential compounding patient is a problem that needs solving. Big pharma medicine can help most people but can’t help everyone or every […]
Pharmacy Growth Strategy: Adding Delivery Service
By Dr. Lisa Faast | | Cash Based Revenue, Marketing
Adding a delivery service can improve your pharmacy growth through new patients and increase your revenue per patient. As a pharmacy business owner, you’re no stranger to the daily grind of trying to find ways to boost your bottom line and keep your patients happy. But what if we told you there was a way […]
COVID Benefits Are Changing
By Dr. Lisa Faast | | Cash Based Revenue, Marketing, Non-PBM Revenue
While COVID will be sticking around, many of the patient financial COVID benefits will be going away soon. The COVID-19 pandemic has brought about numerous changes in the way we live and access healthcare. The emergency COVID measures that are currently active now have an expiration date: May 11, 2023. This means that in just […]
Top Blog Posts of 2022 – 6 Pillars Of Pharmacy Profit – Cash-Based Revenue
By Dr. Lisa Faast | | Cash Based Revenue
2022 was another crazy year for independent pharmacies. Lots of ups and downs. To ensure you didn’t miss a critical idea, we are recapping our most popular blogs for each Pharmacy Profit Pillar. It can be challenging to stay up-to-date with the always-evolving world of pharmacy as you try to integrate new methods of doing […]
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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.