KPI Optimization

pharmacy profit summit

Aug 19 2022

Pharmacy Profit Summit Speaker Highlights 2022 Day 1

Thank you to everyone who joined us for the Pharmacy Profit Summit 2022! We are still amazed at the lineup of extraordinary speakers at the summit.  Our event did sell out. We know that not everyone who wanted to attend could; even some with tickets got the dreaded positive test and couldn’t make it. In …

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In a world without PBMs

Jul 20 2022

In A World Without PBMs

Does a world without PBMs seem blissful?  Close your eyes and just imagine what pharmacy would be like without PBMs.  Are you joyous about the lack of audits, headaches, clawbacks, and DIR fees?  Can you imagine your pharmacy profit soaring without PBMs? This fantasy seems pretty awesome, right? I am sorry to be the bearer …

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Jun 23 2022

KPI Optimization: The Sixth Pillar to Pharmacy Profitability

KPI stands for Key Performance Indicator. A KPI is a data point or number you can track in your pharmacy. I am a data nerd, so I have written on several KPIs; feel free to browse through all KPI-related blogs HERE. While there are 100s you could track in your pharmacy, what you want is …

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May 31 2022

PBM Optimization: The Third Pharmacy Profit Pillar

Our third pharmacy profit pillar, PBM Optimization, will significantly impact your bottom line in the shortest amount of time for most independent retail pharmacies. While most pharmacy owners hate PBMs, they are a part of our everyday business and the key to success. You can’t ignore them when about 90% of a pharmacy’s revenue is …

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May 25 2022

Non-PBM Revenue: The Second Pillar to Pharmacy Profitability

As we continue to work on building a profitable foundation for your pharmacy, let’s dive into our second pillar to pharmacy profitability which is Non-PBM Revenue. Why Non-PBM Revenue to Increase Pharmacy Profitability? We all hate the PBMs. Having so much of your pharmacy’s revenue come through a PBM creates uncertainty and anxiety for pharmacy …

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6 pharmacy profit pillars

May 5 2022

How To Maximize Pharmacy Profit With These 6 Pillars

The key to growing your pharmacy profit is implementing tactics within each of the 6 Pillars of Pharmacy Profitability.  Over the years, I have talked to thousands of pharmacies about profitability. A particular pattern started to emerge when I would sit down and break open their entire business strategy. There are six areas I notice …

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pharmacy marketing

Apr 28 2022

Authentic Content Is King For Pharmacy Marketing

Authentic content will do wonders for your pharmacy marketing—guest post by Heather Haro.  Content Content Content! I recently attempted to complete the 75 Hard program. If you are unfamiliar with this program, it is a mental toughness program designed by entrepreneur and best-selling author Andy Frisella.  The challenge is 75 consecutive days of: 2 – …

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pharmacy payroll pharmacy profit

Apr 20 2022

How to Quickly Lower Your Pharmacy Payroll Without Firing Anyone

Your pharmacy payroll has the power to make you or break you. We consider it one of the 3 critical KPIs (key performance indicators).  How Do You Know If Your Pharmacy Payroll is High, Low, or Just Right? To determine your payroll grade, you need to calculate your payroll ratio. Your payroll ratio is a …

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Pharmacy Profit Keep Patients Patient Retention

Apr 1 2022

7 Ways To Keep Patients Coming Back

Improve your patient retention and keep patients coming back with these tips.  Pharmacies have a unique opportunity to form relationships with their customers and patients that can last for years. However, many pharmacies lose these valuable customers by not employing the right retention strategies. In this blog post, we will discuss some of the best …

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how to fix pharmacy cash flow problems

Mar 16 2022

How To Quickly Fix Cash Flow Problems In Your Pharmacy

As a pharmacy owner, you know that cash flow can be a huge issue. In fact, it is the number one problem causing anxiety for pharmacy owners that I speak with. It seems like every other day there is another expense to pay, and it can be hard to keep track of it all. Let’s …

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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.

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