PBM Optimization

Oct 26 2023

Mastering PBM Billing Compliance: A Comprehensive Guide To A PBM Audit

By Dr. Lisa Faast | October 26, 2023 | PBM Optimization

Don’t let a PBM audit ruin your plans. When your pharmacy relies on a Pharmacy Benefit Manager (PBM) for 90% or more of its revenues, it’s imperative to ensure 100% PBM billing compliance so you can pass any PBM audit. Compliance with PBM billing regulations is more critical than ever, given the increasing number of …

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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 …

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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 …

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Aug 25 2022

Pharmacy Profit Summit Speaker Highlights 2022 – Day 2

By Dr. Lisa Faast | August 25, 2022 | Cash Based Revenue, KPI Optimization, PBM Optimization

If you missed the Day 1 Pharmacy Profit Summit recap, you can catch it here. Day 2 was packed with even more speakers that gave critical information on how to grow your profits with various solutions. Let’s dive into day two and get the specific information you need. Dr. Lisa Faast Dr. Faast started by welcoming …

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Aug 19 2022

Pharmacy Profit Summit Speaker Highlights 2022 Day 1

By Dr. Lisa Faast | August 19, 2022 | Cash Based Revenue, KPI Optimization, Marketing, Non-PBM Revenue, PBM Optimization

Thank you to everyone who joined us for the Pharmacy Profit Summit 2022! We are still amazed at the lineup of extraordinary speakers at the summit. Our event did sell out. We know that not everyone who wanted to attend could; even some with tickets got the dreaded positive test and couldn’t make it. In …

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May 31 2022

PBM Optimization: The Third Pharmacy Profit Pillar

By Dr. Lisa Faast | May 31, 2022 | KPI Optimization, PBM Optimization

Our third pharmacy profit pillar, PBM Optimization, will significantly impact your bottom line in the shortest amount of time for most independent retail pharmacies. While most pharmacy owners hate PBMs, they are a part of our everyday business and the key to success. You can’t ignore them when about 90% of a pharmacy’s revenue is …

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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 …

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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...

Nov 4 2021

PBM Billing Compliance Essentials

By Dr. Lisa Faast | November 4, 2021 | PBM Optimization

When 90% or more of your revenues flow through a PBM, you need to be sure you have 100% PBM billing compliance. Ensuring your PBM billing is compliant and following all the rules has become increasingly critical as audits continue to rise every year. PBMs frequently change their rules or change the interpretation of their …

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Oct 29 2021

NCPA 2021 Exhibitor Recap

By Dr. Lisa Faast | October 29, 2021 | Cash Based Revenue, Non-PBM Revenue, PBM Optimization

You shouldn’t do it alone, so why try? Learn about some of the great companies at NCPA 2021 and how they can help you reach your pharmacy goals. The NCPA 2021 convention was in Charlotte, NC, and it packed a punch of awesomeness. First of all, it was wonderful it was to see so many …

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