KPI Optimization
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 […]
Key Performance Indicators (KPIs) Every Pharmacy Owner Should Track
By Dr. Lisa Faast | | KPI Optimization
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 […]
Best of 2023: Pharmacy KPI Optimization
By Dr. Lisa Faast | | 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 […]
DSCSA Compliance for Independent Pharmacies
By Dr. Lisa Faast | | KPI Optimization
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 […]
The Importance of Gross Profit Margin for Pharmacy Owners
By Dr. Lisa Faast | | KPI Optimization
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
The Importance of Financial Forecasting for Pharmacies
By Dr. Lisa Faast | | KPI Optimization
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 […]
3 Critical KPIs for Pharmacies in 2024: Boosting Cash Flow
By Dr. Lisa Faast | | KPI Optimization
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 Controlled Drug Recordkeeping
By Dr. Lisa Faast | | Cash Based Revenue, KPI Optimization
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 […]
What Makes A Independent Pharmacy Expert?
By Dr. Lisa Faast | | 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.
Cash Flow Secrets: 7 Tips to Improve Your Cash Flow
By Dr. Lisa Faast | | KPI 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.
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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.