PBM Optimization

pharmacy profit summit

Aug 19 2022

Pharmacy Profit Summit Speaker Highlights 2022 Day 1

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

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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Pharmacy Profit Pillars

Jan 20 2022

6 Pillars of Pharmacy Profit – Top 2021

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

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 …

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Nov 4 2021

PBM Billing Compliance Essentials

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

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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How To Monetize Your Pharmacy Data

Aug 27 2021

Monetize Your Pharmacy Data

Everyone else is monetizing your pharmacy’s data; shouldn’t you be too? The pharmacy data that independent pharmacies create daily is worth millions. Yet, pharmacy owners never see any of that money. Everyone else that collects and uses your pharmacy’s generated data sells it. What’s crazy is you even pay to send these companies your data, …

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Pharmacy Immunizations Best Practices

Aug 26 2021

Pharmacy Immunizations Best Practices

All hands on deck!! The pharmacy immunization tsunami of flu and COVID 3rd shots is almost upon us.  Is your pharmacy ready?  Are you finally thinking of adding vaccination services to your repertoire? Adding vaccine administration to your list of pharmacy services is a great way to serve and protect your community while increasing your …

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6 Secrets To Increase Pharmacy Profits From PBMs

Aug 20 2021

6 Secrets To Increase Pharmacy Profits From PBMs

If you want to increase pharmacy profits, then you must optimize your PBM-based revenue.  Most independent pharmacies’ revenue comes through a PBM. In fact, it is normal for over 95% of a pharmacy’s sales to come from a PBM. This reliance on PBMs leads to almost all of a pharmacy owner’s headaches. Audits, clawbacks, DIR …

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The Magic of Compounding Bookmarks

Feb 3 2021

The Magic Of Compounding Bookmarks

  There’s no real pixie dust here, only a simple and highly effective tool for innovative compounding pharmacies.  The Beginning Over 16 years ago, I was in the throes of opening my first pharmacy from scratch. I became interested in compounding after a PCCA training class while in pharmacy school. Before I opened my doors, …

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