Improve your pharmacy profit and cash flow by increasing your cash-based revenue. With so many gurus out there that always seem to give conflicting and confusing information, we at DiversifyRx are known for keeping it simple. Since we have worked with thousands of pharmacies over our career, we noticed a handful of common areas pharmacy
Cash Based Revenue: The First Pharmacy Profit Pillar Read More »
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
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Point of care testing (POCT) is a perfect additional revenue stream for all retail pharmacies. Let’s take a look at POCT for 2022. Boosting Cash-Based Revenues POCT for pharmacies took a giant leap forward during the pandemic. With HHS’ massive scope expansion for pharmacists to help with COVID leading the way, many pharmacies are now
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Don’t leave money on the table by ignoring your patients’ resolutions for New Year’s weight loss. We are 35 days away from January 1st. I will wait while you pick your jaw up and catch your breath. Yep, it is coming fast. The wintertime has seemingly gone by quickly with testing, vaccines, Medicare plan optimization,
New Year’s Weight Loss Pharmacy Growth Strategies Read More »
Pet medication is now easier than ever to fill for your patients. Have you ever wondered how you can get in on the 10 billion dollar pet medication industry? As a compounding pharmacy, I naturally filled the custom medications for vets. Those compounds, while profitable, are a small piece of the pie that exists for
Pet Medication Cash Based Revenue Read More »