KPI Optimization

charlie munger business lessons pharmacy owners

May 13 2024

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 […]

Apr 22 2024

Independent Pharmacy Business Lessons from the Movie Moneyball

Moneyball is a fantastic movie on so many levels, and my business brain can’t help but glean pharmacy business lessons each time I watch it.  Imagine an industry in which the little guys, who are cash-strapped, have to compete against the big guys with seemingly unlimited budgets.  How is the little guy supposed to win?  […]

Apr 18 2024

Using KPIs to Improve Patient Care and Customer Satisfaction in Your Pharmacy

In the hustle of pharmacy management, providing exceptional patient care and ensuring high levels of customer satisfaction are top priorities for pharmacy owners. Here’s how you can break down tracking customer satisfaction to create more recurring and repeat business for your pharmacy. As a pharmacist or pharmacy owner, you already know the importance of delivering […]

Apr 11 2024

Key Performance Indicators (KPIs) Every Pharmacy Owner Should Track

Key Performance Indicators (KPIs) are the important numbers that tell you how well your pharmacy is doing and point you in the right direction for where you need to focus your time and energy. Taking The Pulse Of Your Pharmacy With KPIs It’s really important to monitor the health of your pharmacy. By health, I […]
KPI Optimization image

Feb 7 2024

Best of 2023: Pharmacy KPI Optimization

Your pharmacy’s data is the key to unlocking massive profit and success which is why it is so critical to focus on KPI optimization for every independent pharmacy owner. AH… DATA! I love it. And I know I am weird. It’s ok. I own my weirdness. You’ll thank me for it because I love helping […]

Nov 24 2023

DSCSA Compliance for Independent Pharmacies

While DSCSA (the Drug Supply Chain Security Act) enforcement is postponed until November 2024, it is critical to move forward in becoming compliant sooner rather than later. In the world of running a pharmacy, patient safety is Everything. To achieve this, the U.S. pharmaceutical industry is wrapped up in a web of regulations, and one […]

Oct 20 2023

The Importance of Gross Profit Margin for Pharmacy Owners

Gross Profit Margin is a financial metric that calculates the percentage of revenue left after deducting the cost of goods sold (COGS). In the context of a pharmacy, the revenue represents the total income generated from selling medications, healthcare products, and services

Oct 12 2023

The Importance of Financial Forecasting for Pharmacies

If you are like most pharmacy owners, I am betting you don’t do any financial forecasting for your pharmacy. Let’s dive into why you should. Luckily for most pharmacies, business is steady from month to month. There aren’t typically huge swings in revenue. This stability is a double-edged sword. On the good side is predictability […]
kpi pharmacy cash flow

Oct 5 2023

3 Critical KPIs for Pharmacies in 2024: Boosting Cash Flow

Can You Significantly Boost Your Pharmacy’s Cash Flow in Just 90 Days? As the new quarter begins, it’s time to reflect on your pharmacy’s performance in the previous quarter. Were your plans and ideas overshadowed by the daily grind of managing your independent pharmacy? Many pharmacy owners find themselves dissatisfied with their progress in the […]
Independent pharmacy Compliance

Aug 25 2023

Independent Pharmacy Compliance Controlled Drug Recordkeeping

Are you ready for your next BOP or DEA controlled drug inspection? Ensure you are with C2 Keep’s innovative controlled drug recordkeeping solution. Are you 100% sure you are performing all requirements to maintain compliance with the Controlled Substance Act (CSA)? We all agree that maintaining full compliance is a must, AND the details can fall through […]

Recent Posts

  • DiversifyRx

    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.

Follow us on Social Media

Scroll to Top
Skip to content