KPI Optimization

Feb 27 2021

Business Plans for Pharmacy: Create A Business Plan Bankers Will Love

By Dr. Lisa Faast | February 27, 2021 | KPI Optimization, Marketing

Creating the right pharmacy business plan will set you up for success for years to come. This is an update to my original America’s Pharmacist Magazine article “Road Map For Success” published in June of 2011. Congratulations! You have chosen to join a special class of people known as independent pharmacy owners. Your journey from […]

Feb 24 2021

PPP Forgiveness By State

By Dr. Lisa Faast | February 24, 2021 | KPI Optimization

Here is the critical information you need to know about PPP forgiveness, and how you will be impacted as a pharmacy owner based on which state you are filing in. This information was originally published by the tax foundation HERE. The U.S. Small Business Administration’s Paycheck Protection Program (PPP) provides an important lifeline to help […]

Jan 29 2021

6 Business Lessons To Learn From Heroin Dealers

By Dr. Lisa Faast | January 29, 2021 | KPI Optimization, Marketing, Team Development

There are business lessons to be learned everywhere, and yes, even from heroin drug dealers. Unfortunately, heroin dealers know how to do business. Pharmacy owners can learn valuable lessons from these illegal business ventures and can easily implement similar techniques to improve their legal pharmacy businesses. I recently finished reading the book Dreamland by Sam […]

Jan 19 2021

Non-Retail Independent Pharmacy KPIs For Pharmacy Owners

By Dr. Lisa Faast | January 19, 2021 | KPI Optimization

Non-retail independent pharmacy niches are critical to your success. You deserve to know how you measure up. Get the metrics you need to know for your non-retail independent pharmacy or niches. LTC, Compounding, Clinical are just a few types of non-retail pharmacies or niches of your retail pharmacy. You shouldn’t be using the same benchmarks […]

Independent Pharmacy Innovative Solutions

Jan 15 2021

Independent Pharmacy Solutions Through Data

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

Independent pharmacy ownership is fraught with problems. Use your data to craft innovative solutions. What keeps you up at night? Cash flow? Profitability? Where to stash your extra cash? Ok, probably not the last one, but let’s make that a goal, shall we? You are not alone. Independent pharmacy owners are facing the same problems […]

Jan 8 2021

Top 7 Pharmacy KPIs To Track In 2021

By Dr. Lisa Faast | January 8, 2021 | KPI Optimization

Pharmacy KPIs, Metrics, and Data Oh My! So much information to track and so little time. It’s January. A time when we set goals, invent our dreams and imagine what the year could bring us. How can you make sure you reach your goals? What is the best way to not fall victim to the […]

Dec 23 2020

PPP Update December 2020

By Dr. Lisa Faast | December 23, 2020 | KPI Optimization

COVID Relief PPP Update Originally posted by Derek Carter from Ceterus. Read the original article HERE. Finally, we have answers! Well, we almost have answers, but aren’t we tired of waiting? Both chambers of Congress passed the spending package, known as the “Consolidated Appropriations Act, 2021”, late Monday night. Now we wait for some final […]

14 Strategies for Improving Pharmacy Cash Flow

Nov 12 2020

14 Strategies To Improve Pharmacy Cash Flow

By Dr. Lisa Faast | November 12, 2020 | Cash Based Revenue, KPI Optimization

...products. There are so many great OTCs, here is a small list of some of my other favorites: Berkely Life Professional (nitric oxide supplement) Pharmanex Antioxidant Scanner and Supplements Folsom...

Oct 2 2020

October Is The New January

By Dr. Lisa Faast | October 2, 2020 | KPI Optimization

The best time to start was yesterday. The next best time to start is NOW. The first 9 months of 2020 weren’t exactly what we all planned for. If you are like me, many of your KPI goals have gone out the window. I remember at the beginning of the year, all the chatter around […]

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