PBM Optimization
5 Things to Consider Before You Open a Pharmacy
By Dr. Lisa Faast | | Cash Based Revenue, KPI Optimization, Marketing, Non-PBM Revenue, PBM Optimization, Team Development
What You Need to Know Before You Open a Pharmacy The pharmacy industry is a complex one. Likewise, opening a pharmacy can be complicated. In order to succeed, 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 …
2024 DIR Fee Changes
By Dr. Lisa Faast | | 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 …
NCPA Annual Convention Exhibitor Recap 2022
By Dr. Lisa Faast | | 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 Profit Summit Speaker Highlights 2022 – Day 2
By Dr. Lisa Faast | | 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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Pharmacy Profit Summit Speaker Highlights 2022 Day 1
By Dr. Lisa Faast | | 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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PBM Optimization: The Third Pharmacy Profit Pillar
By Dr. Lisa Faast | | 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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6 Pillars of Pharmacy Profit – Top 2021
By Dr. Lisa Faast | | 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 …
5 Ideas To Increase Pharmacy Profit
By Dr. Lisa Faast | | KPI Optimization, Non-PBM Revenue, PBM Optimization
Let’s dive into 5 popular ideas to help you increase your pharmacy profit. There is always a way to win. I firmly believe that. If you are struggling with low profitability in your pharmacy, there is a way for you to increase your profits. We just need to find you the right strategy. Each pharmacy …
PBM Billing Compliance Essentials
By Dr. Lisa Faast | | 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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Remote Patient Monitoring: Help Your Patients, Help Your Pharmacy
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.