KPI Optimization

Oct 27 2022

Options For Financing Pharmacy Working Capital

Many pharmacy owners will need a source of working capital at some point in their ownership journey.  Pharmacy Cash Flow Is Tight Recently we put up a poll on our LinkedIn and Facebook pages, asking pharmacy owners if they were interested in learning about financing working capital. The overwhelming response was YES, as many pharmacy …

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at home covid tests

Oct 20 2022

Monetizing At-Home COVID Tests

Learn how to dispense at-home COVID tests for covered patients with no copay. And if you are already using this strategy, learn some boosting tips.  You Need To Dispense At-Home COVID Tests I ran into many pharmacy owners at the NCPA conference who were unaware that you could dispense up to eight at-home COVID tests …

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Oct 5 2022

NCPA Annual Convention Exhibitor Recap 2022

Here are the 10 most exciting companies I saw at the 2022 NCPA annual convention.  NCPA held its 2022 annual convention in Kansas City. I know Ian kept some people home, as did some sickness. Fear not if you missed attending! I will recap the most exciting and profit-creating companies I saw on the exhibitor …

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pharmacy legal issues

Sep 23 2022

Pharmacy Legal Issues

When you have owned a pharmacy long enough, pharmacy legal issues are bound to happen to you.  Types of Pharmacy Legal Issues for Pharmacy Owners Legal troubles can fall from many angles for pharmacy owners. Here’s a short list: Employment lawsuits Board of Pharmacy actions PBM audits PBM contracts Pharmacist dispensing activities Patient prescription fraud …

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Pharmacy Profit Summit 2022 Recap Day 2

Aug 25 2022

Pharmacy Profit Summit Speaker Highlights 2022 – Day 2

If you missed the Day 1 Pharmacy Profit Summit recap, you can catch it here. Day 2 was packed with even more speakers that gave critical information on how to grow your profits with various solutions. Let’s dive into day two and get the specific information you need. Dr. Lisa Faast Dr. Faast started by welcoming …

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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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KPI Optimization

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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The Third Pharmacy Profit Pillar

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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The Second Pharmacy Profit Pillar

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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    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.

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