Your pharmacy needs a balance of both cash flow and profits to thrive. Winter Is Coming This is even more critical now with the upcoming changes to DIR fees in 2024. These changes will strangulate cash flow for pharmacies for the first several months of 2024. I have been calling this the 2024 DIR Fee […]
Critical Balance of Profit and Cash Flow for Pharmacy Owners Read More »
Check out our Top 2022 articles on Team Development for Independent Pharmacies. Last week we shared our Top 2022 Pharmacy Blog posts for Independent Pharmacy Marketing, which covers our 4th Pharmacy Profit Pillar Marketing. This week we will dive into the most popular blogs from 2022 that focus on Team Development, our fifth Pharmacy Profit
Top 2022 Pharmacy Blog Posts For Independent Pharmacy Team Development Read More »
ACOs are one of the many organizations that pharmacy owners can partner with to bring better patient care and increase revenues. In this blog, our good friend Kris Rhea from Biolyte will help us dive into ACOs and their impact on the independent pharmacy owner. About Kris Kris has been working in the independent pharmacy
What are ACOs and Why Pharmacy Owners Should Care Read More »
Adding or growing a point-of-care testing revenue stream is a fantastic way to increase your pharmacy profit. Here in the world of DiversifyRx, we have been knee-deep in point-of-care testing since we launched our new POCT on-demand course and our unique eight-week coaching program with Dr. Kristin Tallent. November is when peak testing season starts.
Point of Care Testing: Increasing Your Pharmacy Profit Read More »
While cases of monkeypox are currently on the decline, it is still vital to keep up to date on information. We have fielded several questions from pharmacy owners asking how they can support their patients to combat monkeypox. Let’s dive into monkeypox and your pharmacy and what you can do to help your community. Dr.
Monkeypox and Your Pharmacy Read More »
Chick-Fil-A (CFA) doesn’t make many mistakes. However, I noticed a big marketing mistake after a recent trip, and I see pharmacies make it all the time too. Butchering A Good Strategy Knowing a strategy and implementing it incorrectly is the same as not knowing at all. Proper implementation is the key to success. Mistakes made
The Marketing Mistake That Chick-Fil-A and Pharmacies Make Read More »
You can reduce your pharmacy’s reliance on PBMs by earning more revenue from clinical services. How is clinical revenue or service-based revenue defined? My definition of clinical revenue has two components: There are many examples of clinical revenue, such as MTMs, annual wellness visits, LTC consulting, food sensitivity testing, travel vaccines, and more. Many pharmacy
4 Easy Strategies to Increase Clinical Revenue for Independent Pharmacies Read More »
Yes! We had a special Bonus Day event at the Pharmacy Profit Summit that focused solely on functional medicine and clinical-based pharmacy revenue and profits. Our 2022 Pharmacy Profit Summit was special as we added a pre-event Bonus Day. We gathered the leaders from functional medicine and clinical pharmacy programs to take attendees through the
Pharmacy Profit Summit Speaker Highlights Bonus Day Read More »
Thank you to everyone who joined us for the Pharmacy Profit Summit 2022! We are still amazed at the lineup of extraordinary speakers at the summit. Our event did sell out. We know that not everyone who wanted to attend could; even some with tickets got the dreaded positive test and couldn’t make it. In
Pharmacy Profit Summit Speaker Highlights 2022 Day 1 Read More »
Independent pharmacies can play a significant role in helping local communities prepare for back to school. As most parents know, schools are a petri dish for all things contagious. From preschool to high school, students’ and teachers’ immune systems are tested each return of the school year. As a local independent pharmacy owner, you can
Back To School Preparedness For Independent Pharmacy Owners Read More »