Boost your pharmacy’s brand with Vinco’s private labeling. Affordable supplements, custom designs, low minimums, and proven formulations await!
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KPI optimization is critical to improving the performance of your independent pharmacy. If you don’t measure it, you can’t improve it—this statement has never been truer for pharmacy owners. Key Performance Indicators (KPIs) are the benchmarks of success, providing insights into your pharmacy’s performance and guiding smarter decisions. Yet, many pharmacy owners overlook this critical
KPI Optimization In Independent Pharmacy: Top 5 Blogs From 2024 Read More »
PBM headaches will still be around in 2025. Get your guide to making them just a wee bit better. PBM—those three little letters have caused more headaches for independent pharmacy owners than we care to count. Just when you think you’ve figured out their latest reimbursement trick, they hit you with another clawback, new DIR
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Pharmacy marketing doesn’t just happen by accident. You need to create a plan for the new year. What’s the secret sauce to growing your pharmacy in 2025? A killer marketing calendar that keeps you organized, focused, and ready to rock every month. Think of your marketing calendar as your roadmap to growth—a way to plan
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One of my favorite methods for increasing pharmacy profitability is direct billing for workers’ compensation. Over the years, I’ve made numerous videos and blogs on using direct billing for workers’ comp to increase pharmacy profitability. In fact, it is the first tactic I always ask about when speaking with a pharmacy owner who is struggling
Independent Pharmacy Profitability: Direct Billing Workers’ Compensation Read More »
Ensure your pharmacy valuation is as strong as it should be by understanding add-backs. I have been looking for another pharmacy to buy and thus have been doing a ton of pharmacy valuations along the way. It has been a great reminder that maintaining accurate financial records is a must. It is also important to
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Increasing your Non-PBM Revenue is a great way to increase your independent pharmacy’s profits. We all detest the PBMs. So, let’s focus on decreasing your dependence on them by increasing your non-PBM revenue. Having a significant portion of your pharmacy’s revenue tied to a PBM introduces uncertainty and anxiety for pharmacy owners. PBMs contribute to
Why Non-PBM Revenue to Increase Pharmacy Profitability? Read More »
5 Daily Habits to Improve Your Pharmacy: A Recipe for Success You don’t have to have hours of free time every day to improve your pharmacy; you can adopt these simple five daily habits and get started today. Running an independent pharmacy can sometimes feel like juggling while riding a unicycle on a tightrope. It’s
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How to build a resilient and successful business, according to the great Charlie Munger. Many people influence us as individuals and as business owners. One such figure who has profoundly influenced my approach to business is Charlie Munger. Charlie Munger was chairman of Berkshire Hathaway and was one of the most successful businessmen along with
9 Lessons from Charlie Munger for Independent Pharmacy Owners Read More »
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
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