KPI Optimization

Mar 3 2023

5 Things to Consider Before You Open a Pharmacy

By Dr. Lisa Faast | March 3, 2023 | KPI Optimization,  Marketing
What You Need to Know Before You Open a Pharmacy The pharmacy industry is a complex one. If you are looking to open a pharmacy, 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 to go from […]

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 […]
pharmacy profit and cash flow

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 […]

Jan 11 2023

Top 2022 Pharmacy Blog Posts for Independent Pharmacy KPI Optimization

By Dr. Lisa Faast | January 11, 2023 | KPI Optimization
Last week we shared our Top 2022 Blog Resources For Team Development. This week we will cover the most popular blogs from 2022 that focus on KPI (key performance indicator) Optimization, our sixth (and final!) Pharmacy Profit Pillar. Here’s an overview of the 6 Pharmacy Profit Pillars: Use your KPI data to make smarter, better […]

Jan 4 2023

Top 2022 Pharmacy Blog Posts for Independent Pharmacy Marketing

By Dr. Lisa Faast | January 4, 2023 | KPI Optimization
Pharmacy marketing is one of our favorite topics at DiversifyRx. Here are our top blogs to help you improve your pharmacy’s marketing. Last week we shared our Top 2022 Blog Resources To Optimize your PBM Revenue, which covers our third Pharmacy Profit Pillar PBM Optimization. This week we will dive into the most popular blogs […]

Dec 29 2022

Top 2022 Pharmacy Blog Posts For PBM Optimization

By Dr. Lisa Faast | December 29, 2022 | KPI Optimization
Explore our Top 2022 recommendations for Optimizing Your PBM Revenue and Stabilizing Your Pharmacy Profits. Last week we shared our Top 2022 Pharmacy Blog Post for Non-PBM Revenue, which covers our second Pharmacy Profit Pillar Non-PBM Revenue. This week we will recap the most popular blogs from 2022 that focus on PBM Optimization, our third […]

Oct 27 2022

Options For Financing Pharmacy Working Capital

By Dr. Lisa Faast | October 27, 2022 | Cash Based Revenue,  KPI Optimization
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 […]
at home covid tests

Oct 20 2022

Monetizing At-Home COVID Tests

By Dr. Lisa Faast | October 20, 2022 | KPI Optimization
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 […]

Oct 5 2022

NCPA Annual Convention Exhibitor Recap 2022

By Dr. Lisa Faast | October 5, 2022 | KPI Optimization,  Non-PBM Revenue,  PBM Optimization
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 […]
pharmacy legal issues

Sep 23 2022

Pharmacy Legal Issues

By Dr. Lisa Faast | September 23, 2022 | KPI Optimization
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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    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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