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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 […]
Best of 2023: Pharmacy Marketing
By Dr. Lisa Faast | | Marketing
At DiversifyRx, we LOVE pharmacy marketing. Check out our top 2023 blogs to help amp up your pharmacy’s marketing game in 2024. Pharmacy marketing is one of our favorite topics here. Just like all things in life, it can be a double-edged sword. Marketing for your pharmacy can bring prosperity, or it can be a […]
Best of 2023: Pharmacy Team Development
By Dr. Lisa Faast | | Team Development
Get ready to explore the top Pharmacy Team Development articles of 2023 tailored for Independent Pharmacies. Your pharmacy team can be your greatest strength or your worst weakness. Independent pharmacy owners have experienced many of the same trials and tribulations that other business owners have when it comes to hiring, firing, and retaining employees. While […]
Unlocking Pharmacy Profit Potential: Direct Billing Workers’ Compensation Prescriptions
By Dr. Lisa Faast | | Non-PBM Revenue
Direct Billing Workers’ Compensation has been my favorite Non-PBM Revenue strategy for quite some time and can add a much-needed boost to pharmacy profits! Of the various Non-PBM strategies available, direct billing workers’ comp is often overlooked and, quite frankly, often misunderstood. Let’s change our mindsets and explore the tremendous profit potential that comes with bypassing […]
Days Of Cash On Hand
By Dr. Lisa Faast | | KPI Optimization
Reduce the everyday stress of checking your bank account and increase your pharmacy’s days of cash on hand! Talking about cash on hand isn’t very sexy, and many pharmacy owners prefer to skip over this critical topic. It is much more exciting to talk about supplements, PGx testing, or getting more efficiency from your employees. […]
NCPA 2021 Exhibitor Recap
By Dr. Lisa Faast | | Cash Based Revenue, Non-PBM Revenue, PBM Optimization
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 […]
Pharmacy Profits: Work On Your Pharmacy
By Dr. Lisa Faast | | Team Development
It is time to roll your sleeves up and get back to work on growing your pharmacy profit. Burnout is real. No one is immune, not you, not me, not the owner down the street. With outbreaks dwindling and vaccine demand all but dead, it is time to refocus on your pharmacy’s growth. There is […]
Independent Pharmacy Solutions Through Data
By Dr. Lisa Faast | | KPI Optimization
Independent pharmacy ownership is fraught with problems. Use your data to craft innovative solutions. What keeps you up at night? Cash flow? Profitability? Where to stash your extra cash? Ok, probably not the last one, but let’s make that a goal, shall we? You are not alone. Independent pharmacy owners are facing the same problems […]
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 […]
The Importance of Gross Profit Margin for Pharmacy Owners
By Dr. Lisa Faast | | 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
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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.