Growing and retaining your non-PBM revenue is one of the keys to success in 2024 and beyond.
Non-PBM revenue has become a cornerstone for independent pharmacies striving to maintain profitability and thrive in an industry dominated by Pharmacy Benefit Managers (PBMs). By diversifying income streams beyond PBM reimbursements, pharmacies can achieve greater financial stability and deliver enhanced value to their communities.
I highly encourage pharmacy owners to track their percentage of non-PBM revenue. Some of the happiest pharmacy owners I know have 50% of their revenue flowing from non-PBM sources. This lack of reliance on PBMs makes for a much more satisfied pharmacy ownership experience.
Top 5 Non-PBM Revenue Blogs from DiversifyRx in 2024:
- “Why Non-PBM Revenue to Increase Pharmacy Profitability?“
- This blog delves into the significance of non-PBM revenue and presents strategies to boost profits by reducing dependence on PBMs.
- “How To Start A Vaccine Program In Your Pharmacy”
- A comprehensive guide on initiating a vaccine program, offering insights into service expansion that enhances patient care and generates additional revenue.
- “5 Tips for Increasing OTC Sales“
- Practical advice on boosting over-the-counter sales, providing actionable steps to enhance profitability through non-prescription products.
- “Boost Profits With Worker’s Compensation Direct Billing“
- Discover how worker’s compensation prescription billing should be. Where you get to keep most of your money instead of the greedy PBM.
- “75 Hard for Pharmacy Owners: A Path to Transform Your Pharmacy in 75 Days“
- An inspiring program designed to help pharmacy owners implement consistent actions over 75 days to transform their business operations and revenue models.
I hope you enjoy the catch-up on non-PBM revenue topics. If you have any questions, please reach out to [email protected].
