Search Results: data

Jun 23 2023

CRMs for Independent Pharmacy Growth

By Dr. Lisa Faast | June 23, 2023 | Marketing

Marketing is essential for pharmacy growth, but which CRM should you use to keep track of it all? QUESTION: Got this question from a badass in our Facebook group and I love it, a good CRM this is crucial for pharmacy growth. I used to email every patient manually because I had so few. But […]

Jun 23 2022

KPI Optimization: The Sixth Pillar to Pharmacy Profitability

By Dr. Lisa Faast | June 23, 2022 | KPI Optimization

KPI stands for Key Performance Indicator. A KPI is a data point or number you can track in your pharmacy. I am a data nerd, so I have written on several KPIs; feel free to browse through all KPI-related blogs HERE. While there are 100s you could track in your pharmacy, what you want is […]

Oct 12 2023

The Importance of Financial Forecasting for Pharmacies

By Dr. Lisa Faast | October 12, 2023 | KPI Optimization

If you are like most pharmacy owners, I am betting you don’t do any financial forecasting for your pharmacy. Let’s dive into why you should. Luckily for most pharmacies, business is steady from month to month. There aren’t typically huge swings in revenue. This stability is a double-edged sword. On the good side is predictability […]

Oct 20 2023

The Importance of Gross Profit Margin for Pharmacy Owners

By Dr. Lisa Faast | October 20, 2023 | KPI Optimization

Gross Profit Margin is a financial metric that calculates the percentage of revenue left after deducting the cost of goods sold (COGS). In the context of a pharmacy, the revenue represents the total income generated from selling medications, healthcare products, and services

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...

Feb 22 2024

Leveraging Social Media Trends For Increased Pharmacy Profit

By Dr. Lisa Faast | February 22, 2024 | Marketing

You are leaving far too much money on the table if you aren’t leveraging social media trends to increase your pharmacy profit. Social media is an amazing free tool for pharmacy owners. Yet, there are so many who don’t benefit because they are unsure how to use it or where to start. We have some […]

Sep 29 2023

Maximizing Your Pharmacy’s Revenue and Impact: An Introduction to Remote Patient Monitoring and Chronic Care Management

By Dr. Lisa Faast | September 29, 2023 | Non-PBM Revenue

Clinical, non-PBM pharmacy growth is not only possible, but it can be easy to implement, help your patients, and boost your profits with remote patient monitoring and chronic care management. Pharmacists play a pivotal role in patient care, offering essential services such as medication reviews and patient education. However, these valuable services often go unrewarded […]

May 19 2023

The Importance of Knowing Your Audience

By Dr. Lisa Faast | May 19, 2023 | Marketing

Knowing your audience is rule #1 for a successful business! It is especially important for brick-and-mortar businesses like pharmacies. Knowing your audience’s likes and dislikes, and preferences show that 1. you care about them as people, and 2. you are the right business for them. Now this blog does have some how-tos, but take this […]

Apr 18 2024

Using KPIs to Improve Patient Care and Customer Satisfaction in Your Pharmacy

By Dr. Lisa Faast | April 18, 2024 | KPI Optimization

In the hustle of pharmacy management, providing exceptional patient care and ensuring high levels of customer satisfaction are top priorities for pharmacy owners. Here’s how you can break down tracking customer satisfaction to create more recurring and repeat business for your pharmacy. As a pharmacist or pharmacy owner, you already know the importance of delivering […]

Sep 29 2022

Monkeypox and Your Pharmacy

By Dr. Lisa Faast | September 29, 2022 | Cash Based Revenue, Marketing

While cases of monkeypox are currently on the decline, it is still vital to keep up to date on information. We have fielded several questions from pharmacy owners asking how they can support their patients to combat monkeypox. Let’s dive into monkeypox and your pharmacy and what you can do to help your community. Dr. […]

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