pharmacy growth

Independent Pharmacy Profitability: Direct Billing Workers’ Compensation

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 […]

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MatchRx Guest Blog

Tips For Efficient Pharmacy Inventory Management

Effective pharmacy inventory management can make or break your business—and your bank account—in the ever-evolving landscape of independent pharmacies. As pharmacy owners, we know millions of dollars are tied up in inventory annually. How often have you stared at expired or slow-moving medications, realizing that your hard-earned money is gathering dust on the shelves? With MatchRx, you can seamlessly buy and sell short-dated and surplus medications, turning stagnant inventory into cash flow and reducing waste. It’s a powerful tool to help independent pharmacies optimize their inventory management and improve their bottom line.

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Using Goodwill To Minimize Tax Arising From The Sale Of Your Independent Pharmacy

This week’s tax-saving tips for independent pharmacy owners come from Sean at Integrity Pharmacy Consultants. I highly recommend Sean and his team if you are buying, selling, or transferring a pharmacy. See the original post HERE. Many people, including experienced attorneys and CPAs, are surprised to learn that an individual owner, shareholder, or member can

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non pbm revenue pharmacy profit

Why Non-PBM Revenue to Increase Pharmacy Profitability?

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

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charlie munger business lessons pharmacy owners

9 Lessons from Charlie Munger for Independent Pharmacy Owners

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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semaglutide and tirzepatide

Semaglutide and Tirzepatide Resources for Independent Pharmacies

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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targeted pharmacy marketing

The Case for Targeted Marketing for Independent Pharmacy Owners

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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