Improve your pharmacy profit and cash flow by increasing your cash-based revenue. With so many gurus out there that always seem to give conflicting and confusing information, we at DiversifyRx are known for keeping it simple. Since we have worked with thousands of pharmacies over our career, we noticed a handful of common areas pharmacy […]
Cash Based Revenue: The First Pharmacy Profit Pillar Read More »
Interest in Remote Patient Monitoring (RPM) services has skyrocketed in the past few months. Here’s what you need to know. Remote Patient Monitoring, Remote Physiologic Monitoring, and Remote Therapeutic Monitoring are growing trends in healthcare, and they can benefit pharmacies of all sizes. By providing RPM services, pharmacies can improve patient outcomes, increase medication adherence,
Update To Remote Patient Monitoring Billing Read More »
The key to growing your pharmacy profit is implementing tactics within each of the 6 Pillars of Pharmacy Profitability. Over the years, I have talked to thousands of pharmacies about profitability. A particular pattern started to emerge when I would sit down and break open their entire business strategy. There are six areas I notice
How To Maximize Pharmacy Profit With These 6 Pillars Read More »
Authentic content will do wonders for your pharmacy marketing—guest post by Heather Haro. Content Content Content! I recently attempted to complete the 75 Hard program. If you are unfamiliar with this program, it is a mental toughness program designed by entrepreneur and best-selling author Andy Frisella. The challenge is 75 consecutive days of: 2 –
Authentic Content Is King For Pharmacy Marketing Read More »
Your pharmacy payroll has the power to make you or break you. We consider it one of the 3 critical KPIs (key performance indicators). How Do You Know If Your Pharmacy Payroll is High, Low, or Just Right? To determine your payroll grade, you need to calculate your payroll ratio. Your payroll ratio is a
How to Quickly Lower Your Pharmacy Payroll Without Firing Anyone Read More »
When your pharmacy team can better serve your community of patients, they will like you more and your bottom line will benefit. Pharmacies have always been an essential part of the healthcare system. While our role has been focused on dispensing prescriptions, pharmacies have also taken on a new part: giving health and wellness services
How A Diverse Pharmacy Team Increases Patient Satisfaction and Pharmacy Profits Read More »
Improve your patient retention and keep patients coming back with these tips. Pharmacies have a unique opportunity to form relationships with their customers and patients that can last for years. However, many pharmacies lose these valuable customers by not employing the right retention strategies. In this blog post, we will discuss some of the best
7 Ways To Keep Patients Coming Back Read More »
One of the most common topics coming up on our social media pages and inbox is employee bonus programs. Employee Bonus and Benefit Levers Retaining critical key employees is a secret weapon of uber-successful pharmacy owners. One of the best ways to keep your employees happy and therefore your patients happy is to adjust the
Ideas For Pharmacy Employee Bonus Program Read More »
I highly recommend pharmacy owners leverage bag stuffers to increase profits and serve their patients better. Bag stuffers are promotional materials placed inside a patient’s bag when they make a purchase. They are a great way to advertise other products and services to people that already know, like, and trust you to generate more sales.
Bag Stuffers For Pharmacy Owners: What You Need To Know Read More »
Selling Delta 8 in the pharmacy can help increase your revenue, profits, and cash. Interest in CBD products is rising, and customers are looking for somewhere reputable to buy CBD, CBN, and Delta 8 products. I am personally a fan of pharmacies selling CBD-related products because, after all, we are the drug experts! You have
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