KPI Optimization

Apr 28 2022

Authentic Content Is King For Pharmacy Marketing

By Dr. Lisa Faast | April 28, 2022 | KPI Optimization

Authentic content will do wonders for your pharmacy marketing—guest post by Heather Haro. Content Content Content! I recently attempted to complete the 75 Hard program. If you are unfamiliar with this program, it is a mental toughness program designed by entrepreneur and best-selling author Andy Frisella. The challenge is 75 consecutive days of: 2 – […]

Apr 20 2022

How to Quickly Lower Your Pharmacy Payroll Without Firing Anyone

By Dr. Lisa Faast | April 20, 2022 | KPI Optimization, Team Development

Your pharmacy payroll has the power to make you or break you. We consider it one of the 3 critical KPIs (key performance indicators). How Do You Know If Your Pharmacy Payroll is High, Low, or Just Right? To determine your payroll grade, you need to calculate your payroll ratio. Your payroll ratio is a […]

Pharmacy Profit Keep Patients Patient Retention

Apr 1 2022

7 Ways To Keep Patients Coming Back

By Dr. Lisa Faast | April 1, 2022 | KPI Optimization, Marketing

Improve your patient retention and keep patients coming back with these tips. Pharmacies have a unique opportunity to form relationships with their customers and patients that can last for years. However, many pharmacies lose these valuable customers by not employing the right retention strategies. In this blog post, we will discuss some of the best […]

Mar 16 2022

How To Quickly Fix Cash Flow Problems In Your Pharmacy

By Dr. Lisa Faast | March 16, 2022 | KPI Optimization

As a pharmacy owner, you know that cash flow can be a huge issue. In fact, it is the number one problem causing anxiety for pharmacy owners that I speak with. It seems like every other day there is another expense to pay, and it can be hard to keep track of it all. Let’s […]

Feb 1 2022

Days Of Cash On Hand

By Dr. Lisa Faast | February 1, 2022 | KPI Optimization

Reduce the everyday stress of checking your bank account and increase your pharmacy’s days of cash on hand! Talking about cash on hand isn’t very sexy, and many pharmacy owners prefer to skip over this critical topic. It is much more exciting to talk about supplements, PGx testing, or getting more efficiency from your employees. […]

Jan 20 2022

6 Pillars of Pharmacy Profit – Top 2021

By Dr. Lisa Faast | January 20, 2022 | Cash Based Revenue, KPI Optimization, Marketing, Non-PBM Revenue, PBM Optimization, Team Development

Having a thriving, successful pharmacy means you need to take an active approach to your pharmacy profit. Being average will not keep you in business – that’s what I always say. You need to be awesome! To succeed in the pharmacy world, you are continuously implementing new ways of doing things, and with the ever-changing […]

Dec 21 2021

How To Lower COGS

By Dr. Lisa Faast | December 21, 2021 | KPI Optimization

If increasing pharmacy profit is a goal, you need a lower COGS. What Is Cost Of Goods Sold (COGS)? The cost of goods sold (COGS) is the cost of an item or service that you sell. For pharmacies, it is critical to point out the COGS is NOT COGB (cost of goods bought). Because pharmacies […]

Dec 14 2021

Creating A Pharmacy Vision

By Dr. Lisa Faast | December 14, 2021 | KPI Optimization

What will your pharmacy look like in 5 years? You create your future by setting a pharmacy vision and planning your pharmacy goals. Bring your pharmacy vision, dreams, and goals to life! Setting a pharmacy vision and goals for your business is essential to creating profit and success. Knowing where you want to go provides […]

Dec 7 2021

What Is Profit

By Dr. Lisa Faast | December 7, 2021 | KPI Optimization

Profit is the key to staying in business. Understanding the types of pharmacy profit and what it isn’t will be critical to your pharmacy’s success. What Profit Isn’t Profit is not cash in your bank account, at least for most pharmacy owners. Remember this equation Profit ≠ Cash, and the reverse is true Cash ≠ […]

Nov 15 2021

Pharmacy Cybersecurity In A Hack-Filled World

By Dr. Lisa Faast | November 15, 2021 | KPI Optimization

Having strong pharmacy cybersecurity is critical for every pharmacy owner. Cyberattacks and ransomware are on the rise, and you can’t afford to lose this battle. If you haven’t audited your IT security protocols lately, do it today! Cyber insurance coverage is essential these days, primarily because of the confidential patient data housed within your database. […]

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