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What Is Pharmacy Profit

Dec 7 2021

What Is Profit

By Dr. Lisa Faast | December 7, 2021 | KPI Optimization
Profit is the key to staying in business. Understanding the types of pharmacy profit and what it isn’t will be critical to your pharmacy’s success.  What Profit Isn’t Profit is not cash in your bank account, at least for most pharmacy owners. Remember this equation Profit ≠ Cash, and the reverse is true Cash ≠ […]
pharmacy profit niche worker's compensation streamcare

Feb 14 2022

Pharmacy Profit Niche Worker’s Compensation

By Dr. Lisa Faast | February 14, 2022 | Non-PBM Revenue
Pharmacy profit doesn’t have to be elusive.  Many proven strategies will help you serve your patients better and increase your pharmacy’s profit. You will need to choose which one(s) to focus on and then go all-in on them to increase pharmacy profit. One of my favorite pharmacy profit niches is worker’s compensation prescriptions. It is […]

Feb 2 2023

2024 DIR Fee Changes

By Dr. Lisa Faast | February 2, 2023 | KPI Optimization,  PBM Optimization
What is the DIR Fee Apocalypse? Everything You Need To Know. DIR Fees are the bane of any pharmacy owner. Make sure you are ready for the changes coming in 2024. If you’re a pharmacy owner, you know DIR fees and how they can negatively impact the cash flow of your pharmacy. What many pharmacy […]
6 pharmacy profit pillars

May 5 2022

How To Maximize Pharmacy Profit With These 6 Pillars

By Dr. Lisa Faast | May 5, 2022 | KPI Optimization
The key to growing your pharmacy profit is implementing tactics within each of the 6 Pillars of Pharmacy Profitability.  Over the years, I have talked to thousands of pharmacies about profitability. A particular pattern started to emerge when I would sit down and break open their entire business strategy. There are six areas I notice […]
September is the new january

Oct 2 2020

October Is The New January

By Dr. Lisa Faast | October 2, 2020 | KPI Optimization
The best time to start was yesterday. The next best time to start is NOW. The first 9 months of 2020 weren’t exactly what we all planned for. If you are like me, many of your KPI goals have gone out the window. I remember at the beginning of the year, all the chatter around […]
at home covid tests

Oct 20 2022

Monetizing At-Home COVID Tests

By Dr. Lisa Faast | October 20, 2022 | KPI Optimization
Learn how to dispense at-home COVID tests for covered patients with no copay. And if you are already using this strategy, learn some boosting tips.  You Need To Dispense At-Home COVID Tests I ran into many pharmacy owners at the NCPA conference who were unaware that you could dispense up to eight at-home COVID tests […]

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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.

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