Cash Based Revenue

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 […]

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 […]

Jun 10 2021

Pharmacy Growth: How To Partner With Plastic Surgeons

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

...blue ocean in the business marketing world, based on the best-selling book Blue Ocean Strategy. Here is a short summary. Saturated markets are called a red ocean because so many...

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 […]

Feb 3 2021

The Magic Of Compounding Bookmarks

By Dr. Lisa Faast | February 3, 2021 | Cash Based Revenue, Marketing, PBM Optimization

There’s no real pixie dust here, only a simple and highly effective tool for innovative compounding pharmacies. The Beginning Over 16 years ago, I was in the throes of opening my first pharmacy from scratch. I became interested in compounding after a PCCA training class while in pharmacy school. Before I opened my doors, I […]

Dec 16 2020

How To Compete Against Amazon Pharmacy and Win Part 4

By Dr. Lisa Faast | December 16, 2020 | Cash Based Revenue, Non-PBM Revenue, PBM Optimization

Stop competing against Amazon Pharmacy (and other big-box pharmacies) because you are not in the same business they are in. Sure, you both sell prescription drugs, but that doesn’t mean you are in the same business. That would mean a drive-thru food joint and a steakhouse are in the same business because they sell food. […]

Amazon Pharmacy Independent Pharmacy Part 2

Dec 2 2020

How To Compete Against Amazon Pharmacy and Win Part 2

By Dr. Lisa Faast | December 2, 2020 | Cash Based Revenue, Non-PBM Revenue

Here is part 2 of How To Compete Against Amazon Pharmacy and Win, focusing on the unique services you can provide and Amazon Pharmacy can’t. If you missed part 1, read it now HERE. Part 1 focuses on dispensing unique prescriptions that Amazon Pharmacy can’t. Amazon Pharmacy can do many things best in class; logistics, […]

14 Strategies for Improving Pharmacy Cash Flow

Nov 12 2020

14 Strategies To Improve Pharmacy Cash Flow

By Dr. Lisa Faast | November 12, 2020 | Cash Based Revenue, KPI Optimization

...products. There are so many great OTCs, here is a small list of some of my other favorites: Berkely Life Professional (nitric oxide supplement) Pharmanex Antioxidant Scanner and Supplements Folsom...

Nov 6 2020

5 OTCs You Should Be Selling

By Dr. Lisa Faast | November 6, 2020 | Cash Based Revenue

Increase your revenue by selling more OTCs to each patient. Get more from each patient by making OTC recommendations with every Rx. A simple $10 OTC sale added to every transaction can generate over $100,000 in annual non-PBM revenue. If you can boost that even higher, the numbers look even better. I want to highlight […]

3 Easy Ways To Increase Clinical Revenue

Oct 9 2020

3 Easy Strategies to Increase Your Clinical Revenue for Independent Pharmacies

By Dr. Lisa Faast | October 9, 2020 | Cash Based Revenue, Non-PBM Revenue

Dump your reliance on PBMs by diversifying your revenue to include more service-based and clinical revenue. To rely less on PBMs, you have to create new revenue streams outside of their influence. Clinical services have long been sought as a way to achieve this goal. How is clinical revenue or service-based revenue defined? My personal […]

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