KPI Optimization

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. […]

Nov 8 2021

5 Ideas To Increase Pharmacy Profit

By Dr. Lisa Faast | November 8, 2021 | KPI Optimization, Non-PBM Revenue, PBM Optimization

...no cost and minimal effort to get started. DiversifyRx recommends StreamCare for direct billing. Pharmacy Profit Idea #3: Monetize Your Pharmacy Data Are you monetizing your pharmacy data? Scriptera is...

Oct 14 2021

WTF Are Lead and Lag Measures

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

Going beyond KPIs and into actionable lead and lag measures. Let’s get real. It’s no secret that pharmacy owners and their employees work better together when company goals are crystal clear. A thriving pharmacy sets goals, identifies critical KPIs, and keeps track of successes and failures. Because the pharmacy industry is such a fast-paced business, […]

Sep 30 2021

Transform Your Pharmacy Profits With These 3 Critical KPIs

By Dr. Lisa Faast | September 30, 2021 | KPI Optimization

Can you dramatically improve your pharmacy’s profits in just 90 days? It is the start of a new quarter today. Are you happy with what you accomplished in the last quarter? Did you have ideas and plans, and then they got lost in the shuffle of the day-to-day of running your pharmacy? Most pharmacy owners […]

May 20 2021

Quick Cash Flow Tips For Your Pharmacy

By Dr. Lisa Faast | May 20, 2021 | KPI Optimization

Cash flow crunches happen, and you need to know how to get through them. Cash flow is extremely tight right now. No, I don’t mean in general; I mean for my pharmacy. In fact, we had a daily payment to our wholesaler get returned. Ouch!!! Why? Too many changes and acute circumstances. Here’s a shortlist […]

Apr 28 2021

Increase Pharmacy Profits By Reducing Expenses

By Dr. Lisa Faast | April 28, 2021 | KPI Optimization

A dollar saved is a dollar in your wallet. The fast track to increase pharmacy profits is by reducing your pharmacy’s expenses. Many pharmacy owners are addicted to revenue. We like quoting to others how big our top line has become. Unfortunately, high revenue does not mean large pharmacy profits. In fact, for every $1 […]

Mar 24 2021

Tax Credits That Will Make Pharmacy Owners Excited

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

Ensure you know about these tax credits that many pharmacy owners have missed out on that are worth thousands. It’s that time of year again! No, not spring, tax time. As a pharmacy owner, you probably rely on a tax or accounting firm to file your annual taxes. You may be thinking, “Why should I […]

Mar 2 2021

6 Tax Tips For 2021

By Dr. Lisa Faast | March 2, 2021 | KPI Optimization

Death and taxes. The only 2 things that are certain in life and pharmacy ownership, so you need these tax tips. These six tax tips will help you jump-start tax preparation for 2021. For some often-overlooked tax credits, read this blog. Tax Tip #1 Maintain good business records If you have a year-round bookkeeper, this […]

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 […]

« Previous
1
…
5
6
7
8
Next »