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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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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2024 is bringing a lot of changes for pharmacy owners. Here are three trends you should incorporate into your pharmacy for success. The pharmacy industry is no stranger to change. Constant updates to contracts, the supply chain, and patient expectations have shaped the way pharmacy owners should approach 2024 and beyond. With new challenges come
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Direct Billing Workers’ Compensation has been my favorite Non-PBM Revenue strategy for quite some time and can add a much-needed boost to pharmacy profits! Of the various Non-PBM strategies available, direct billing workers’ comp is often overlooked and, quite frankly, often misunderstood. Let’s change our mindsets and explore the tremendous profit potential that comes with bypassing
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Dramatically improve your independent pharmacy’s profits and sleep better at night with the power of Monthly Recurring Revenue. Three little letters that can change your pharmacy profits and how well you sleep at night: MRR. Monthly Recurring Revenue (MRR) Memberships are ideal for pharmacy owners who want to generate stable and predictable income streams and
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Point of Care Testing (POCT) is a powerful tool for independent pharmacies, offering an opportunity to expand revenue streams and provide essential healthcare services to your community. This comprehensive guide will explore effective marketing strategies to make your POCT services successful. From understanding your target market to leveraging online reviews, we’ve got you covered. Understanding
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Glutathione continues to gain popularity, and your independent pharmacy can be the glutathione expert in your community to help boost your patients’ health and your pharmacy profits. Few compounds hold as much significance as glutathione in the realm of antioxidants. Often referred to as the “master antioxidant,” glutathione is crucial in maintaining optimal health and
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Guest Blog by DiversifyRx CRO, Heather Haro In a constantly evolving independent pharmacy landscape, staying up-to-date with the latest products, services, and strategies is vital for pharmacy owners. The NACDS Total Store Expo, an annual event hosted by the National Association of Chain Drug Stores (NACDS), provides a platform for attendees to immerse themselves in
Hair loss will affect men and women and can happen at any age. Hair loss spending is over 23 Billion dollars annually (at least in 2021). Yes, that is Billion with a ‘B’. Your pharmacy could be missing its share of this enormous market because you aren’t targeting patients willing to pay cash for products
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