KPI Optimization

May 26 2023

How To Ditch Independent Pharmacy Owner Overwhelm

By Dr. Lisa Faast | May 26, 2023 | KPI Optimization, Team Development

Being overwhelmed as a pharmacy owner might be common, but we shouldn't accept it as normal. Let's shatter the myth and the status quo that owning a pharmacy has to be confusing, hair-pulling, and overwhelming. Sure, there are a lot of things you have to pay attention to. That doesn't mean you have to feel like you are drowning. By implementing some systems and structure changes into your day-to-day, you can control your day (and your pharmacy) rather than it controlling you.

May 19 2023

The Importance of Knowing Your Audience

By Dr. Lisa Faast | May 19, 2023 | KPI Optimization

Knowing your audience is rule #1 for a successful business! It is especially important for brick-and-mortar businesses like pharmacies. Knowing your audience’s likes and dislikes, and preferences show that 1. you care about them as people, and 2. you are the right business for them. Now this blog does have some how-tos, but take this …

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May 12 2023

How To Maximize Pharmacy Profit Opportunities with Hair Loss Patients

By Dr. Lisa Faast | May 12, 2023 | Cash Based Revenue, KPI Optimization, 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 …

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What makes an independent pharmacy expert

May 3 2023

What Makes A Independent Pharmacy Expert?

By Dr. Lisa Faast | May 3, 2023 | KPI Optimization

There are "experts" everywhere nowadays. A new one for pharmacy owners pops up at least weekly. What really makes an expert? Guest post by Heather Haro.

The Magic of the Time Bucketing for Pharmacy Owners

Apr 13 2023

Time Bucketing is Magic for Independent Pharmacy Owners

By Dr. Lisa Faast | April 13, 2023 | KPI Optimization, Team Development

Increase your productivity by implementing time bucketing into your life and decrease the overwhelm you experience as a pharmacy owner. Are you caught in the tornado of daily operations? Do you feel like a full-time ‘Pharmacy Firefighter’? How about like the cat chasing the laser pointer? From the clutter of the stuff and to-dos that …

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Mar 27 2023

Cash Flow Secrets: 7 Tips to Improve Your Cash Flow

By Dr. Lisa Faast | March 27, 2023 | Cash Based Revenue, KPI Optimization, Non-PBM Revenue, PBM Optimization

Improving your pharmacy's cash flow is more critical than ever before! From the 2024 DIR fee apocalypse to aggressive audits to dwindling profits.

Mar 3 2023

5 Things to Consider Before You Open a Pharmacy

By Dr. Lisa Faast | March 3, 2023 | Cash Based Revenue, KPI Optimization, Marketing, Non-PBM Revenue, PBM Optimization, Team Development

What You Need to Know Before You Open a Pharmacy The pharmacy industry is a complex one. Likewise, opening a pharmacy can be complicated. In order to succeed, you need to be a master of both medicine and commerce. This is a guest post blog from our friends at PioneerRx. There isn’t a clear roadmap …

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Feb 2 2023

2024 DIR Fee Changes

By Dr. Lisa Faast | February 2, 2023 | KPI Optimization, PBM Optimization

What is the DIR Fee Apocalypse? Everything You Need To Know. DIR Fees are the bane of any pharmacy owner. Make sure you are ready for the changes coming in 2024. If you’re a pharmacy owner, you know DIR fees and how they can negatively impact the cash flow of your pharmacy. What many pharmacy …

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Jan 26 2023

Critical Balance of Profit and Cash Flow for Pharmacy Owners

By Dr. Lisa Faast | January 26, 2023 | KPI Optimization

Your pharmacy needs a balance of both cash flow and profits to thrive. Winter Is Coming This is even more critical now with the upcoming changes to DIR fees in 2024. These changes will strangulate cash flow for pharmacies for the first several months of 2024. I have been calling this the 2024 DIR Fee …

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Jan 11 2023

Remote Patient Monitoring: Help Your Patients, Help Your Pharmacy

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.