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
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Are you finally thinking of starting a vaccine program in your independent pharmacy? Adding vaccine administration to your list of pharmacy services is a great way to serve and protect your community while increasing your pharmacy’s visibility, revenue, and profit. Let’s dive into how to start your pharmacy’s vaccine program. Most pharmacies can get a vaccine
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It’s crucial to adhere to the manufacturer coupon rules, not just for the benefit of your patients, but also to steer clear of potential PBM audit issues. It used to be so easy. Back in the day (yes, I am getting old, I can say back in the day!), if you had a manufacturer coupon,
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Summer Is Coming! Help your patients access the hottest weight loss medications with these semaglutide and tirzepatide resources for independent pharmacy owners, whether you compound or not. You can’t turn on the TV, read a newspaper, or scroll social media without running into the words Ozempic, Mounjaro, Wegovy, or semaglutide and tirzepatide. These medications have
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People will buy more often and spend more with you when you make an offer that feels like it was created just for them. This is why independent pharmacies should focus more on targeted marketing. Independent pharmacy owners face the challenge of staying profitable while maintaining the personal touch that sets them apart. With Prescription
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Get caught up with our most popular articles on PBM Optimization for independent pharmacy owners. For most pharmacy owners reading this, PBMs are integral to your business as much as they suck the lifeblood from you and your pharmacy. The average pharmacy has more than 90% of its revenue flowing through a PBM. Therefore, you
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Not all medications are created equal. Are you handling your hazardous drug properly? Hazardous drugs constitute a distinct category of pharmaceuticals that demand special attention from all types of pharmacies, not just compounding. Adhering to regulations related to hazardous drugs in pharmacies is of vital importance. Compliance for hazardous drugs will look wildly different based
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It is important to stay on top of DEA compliance in this ever-changing world. Many changes, requirements, and increases in enforcement are heading to independent pharmacy owners in November. In a recent podcast, Jeff Hedges from RJ Hedges shared with us some of the new items the DEA is looking for in your pharmacy. Our
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Don’t let a PBM audit ruin your plans. When your pharmacy relies on a Pharmacy Benefit Manager (PBM) for 90% or more of its revenues, it’s imperative to ensure 100% PBM billing compliance so you can pass any PBM audit. Compliance with PBM billing regulations is more critical than ever, given the increasing number of
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