While COVID will be sticking around, many of the patient financial COVID benefits will be going away soon. The COVID-19 pandemic has brought about numerous changes in the way we live and access healthcare. The emergency COVID measures that are currently active now have an expiration date: May 11, 2023. This means that in just […]
COVID Benefits Are Changing Read More »
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 »
Last week we shared our Top 2022 Blog Resources For Team Development. This week we will cover the most popular blogs from 2022 that focus on KPI (key performance indicator) Optimization, our sixth (and final!) Pharmacy Profit Pillar. Here’s an overview of the 6 Pharmacy Profit Pillars: Use your KPI data to make smarter, better
Top 2022 Pharmacy Blog Posts for Independent Pharmacy KPI Optimization 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 »
Are you interested in getting more people into your pharmacy? While we often preach that volume does NOT equal profits, there is no denying that having more people enter your pharmacy sets you up for success. There are many strategies and tactics that you can use to increase your daily foot traffic into your pharmacy.
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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 »
With the upcoming holidays, let’s talk about leveraging Ananda Professional’s brand-spanking-new packages to help boost patient satisfaction and pharmacy profits! During the holidays, people are in the buying spirit. They are looking for gifts for others and will often choose a little something for themselves. Now is the perfect time to highlight the awesomeness of
How to Have a Holly Jolly Hempmas from Ananda Professional Read More »
Doctor detailing is essential to your pharmacy’s growth and marketing strategy plan. Doctor Detailing Basics I often refer to doctor visits as dating. You’re dating multiple doctors, and each one has their personality. Some are needy, some like gifts, and some like to be left alone. Therefore, you must adapt the concepts in this article
Getting Started with Doctor Detailing 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 »
Many pharmacy owners will need a source of working capital at some point in their ownership journey. Pharmacy Cash Flow Is Tight Recently we put up a poll on our LinkedIn and Facebook pages, asking pharmacy owners if they were interested in learning about financing working capital. The overwhelming response was YES, as many pharmacy
Options For Financing Pharmacy Working Capital Read More »