Team Development
The interest in compounding has definitely increased recently. Use these 5 proven strategies to grow your compounding prescriptions and profits. I love compounding. It was my first passion in pharmacy. For me, every potential compounding patient is a problem that needs solving. Big pharma medicine can help most people but can’t help everyone or every […]
Badass Staff Meetings: Here is the Formula
By Dr. Lisa Faast | | Team Development
Let’s talk about all things staff meetings We don’t have a choice. Running staff meetings is a necessity we can not ignore if we want to create a badass pharmacy team. Staff meetings are an opportunity to gain more team engagement, discuss new and upcoming initiatives, collaborate on ideas, learn what’s working and what’s not, […]
Top 2022 Pharmacy Blog Posts For Independent Pharmacy Team Development
By Dr. Lisa Faast | | Team Development
Check out our Top 2022 articles on Team Development for Independent Pharmacies. Last week we shared our Top 2022 Pharmacy Blog posts for Independent Pharmacy Marketing, which covers our 4th Pharmacy Profit Pillar Marketing. This week we will dive into the most popular blogs from 2022 that focus on Team Development, our fifth Pharmacy Profit […]
Team Development: The Fifth Pillar to Pharmacy Profitability
By Dr. Lisa Faast | | Team Development
Your team of employees has a huge impact on your profitability. When it comes to pharmacy profitability, you have to consider how your employees can contribute to or lessen your profitability. I have learned over the years, that you can’t do this alone and your team will make you or break you. For these reasons, […]
How to Quickly Lower Your Pharmacy Payroll Without Firing Anyone
By Dr. Lisa Faast | | KPI Optimization, Team Development
Your pharmacy payroll has the power to make you or break you. We consider it one of the 3 critical KPIs (key performance indicators). How Do You Know If Your Pharmacy Payroll is High, Low, or Just Right? To determine your payroll grade, you need to calculate your payroll ratio. Your payroll ratio is a […]
How A Diverse Pharmacy Team Increases Patient Satisfaction and Pharmacy Profits
By Dr. Lisa Faast | | Team Development
When your pharmacy team can better serve your community of patients, they will like you more and your bottom line will benefit. Pharmacies have always been an essential part of the healthcare system. While our role has been focused on dispensing prescriptions, pharmacies have also taken on a new part: giving health and wellness services […]
4 Signs Your Pharmacy Leadership Skills Need A Boost
By Dr. Lisa Faast | | Team Development
Here are 4 signs you may need a booster for your leadership skills—guest post by Heather Haro. I have a big crazy family! The current chaos count is 7, almost grown children and 12 grandchildren. Yep! 11 grandboys and 1 brand new little baby grandgirl! My Household Is My Business I have run my household […]
Ideas For Pharmacy Employee Bonus Program
By Dr. Lisa Faast | | Team Development
One of the most common topics coming up on our social media pages and inbox is employee bonus programs. Employee Bonus and Benefit Levers Retaining critical key employees is a secret weapon of uber-successful pharmacy owners. One of the best ways to keep your employees happy and therefore your patients happy is to adjust the […]
Your Pharmacy’s Biggest Competition
By Dr. Lisa Faast | | Team Development
Have you ever wondered who your pharmacy’s biggest competition is? The answer is not the big box across the street or the popular online pharmacy. Instead, it is much closer to home. Just take a look in the mirror. Internal barriers are much more potent than anything external. As the pharmacy leader, you need to […]
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 […]
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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.