DiversifyRx

JANUARY 9, 2025

PBM Optimization remains a critical focus for independent pharmacies. With the majority of pharmacy revenue flowing through Pharmacy Benefit Managers (PBMs), optimizing these claims is essential for maintaining profitability and ensuring compliance. PBM Optimization goes beyond maximizing reimbursement.

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Digital Pharmacist

APRIL 25, 2023

f you’re an independent pharmacy owner or pharmacist, you’re probably aware of the upcoming changes to DIR fees that will take effect in 2024. In this blog post, we will discuss the evolution of DIR fees leading up to the DIR fee changes coming in 2024, and the pros and cons independent pharmacies owners should prepare for.

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Independent Pharmacies Drug Utilization Review 98

DiversifyRx

DECEMBER 22, 2022

Dive into our top 2022 suggestions for increasing your non-PBM revenue to grow and stabilize your pharmacy profits. Last week we shared our Top 2022 Blog Resources To Increase Cash-Based Revenue , which covers our first Pharmacy Profit Pillar Cash-Based Revenue. Most pharmacies operate at about 5%.

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Independent Pharmacies Insurance Patient Care 98

DiversifyRx

DECEMBER 16, 2022

2022 was another crazy year for independent pharmacies. To ensure you didn’t miss a critical idea, we are recapping our most popular blogs for each Pharmacy Profit Pillar. The KEY to growing your pharmacy profit is implementing tactics within each of the 6 pillars of profitability. Lots of ups and downs.

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Independent Pharmacies 98

DiversifyRx

JULY 15, 2024

Mentorship in independent pharmacy is important for owners and those coming up behind us. As independent pharmacy owners, we often find ourselves juggling numerous roles and responsibilities. One crucial role that is often overlooked is mentorship in independent pharmacies. Not each other.

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DiversifyRx

FEBRUARY 13, 2025

For independent pharmacy owners, effective marketing is not just about selling; its about educating and creating meaningful connections with your community. In 2024, marketing trends for pharmacies leaned heavily on personalization, storytelling, and leveraging technology. Dont wait to start implementing these proven strategies.

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Digital Pharmacist

JULY 21, 2022

MCCPDC is able to offer low pricing because they “cut out the pharmacy middlemen and negotiate directly with manufacturers” In this blog, we will explore the differences between independent pharmacies and Mark Cuban Cost Plus Drug Company and how MCCPDC could potentially affect independent pharmacies. .

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DiversifyRx

SEPTEMBER 19, 2024

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. We’re dedicated to helping independent pharmacy owners thrive.

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The Happy PharmD

JUNE 5, 2024

Embarking on a career path in independent pharmacy is a significant decision. Independent pharmacies, unlike their larger chain counterparts, operate with a distinct flair. Independent pharmacy salaries vary, but they generally lean towards the lower end compared to big chains. Let’s talk numbers.

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DiversifyRx

MAY 7, 2024

This loss of contract would devastate most independent pharmacies. You can submit any questions you have to drlisafaast.com, or members can submit them through the Pharmacy Badass University membership portal. If you want to ensure you are doing all PBM billing correctly, check out this PBM Audit Blog.

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Independent Pharmacies Insurance FDA 52

Digital Pharmacist

JULY 11, 2023

With reimbursements dwindling and the so-called “ DIR Apocalypse ” or “DIR Armageddon” on the horizon, no explanation is needed as to why independent pharmacies are seeking innovative ways to expand their revenue streams beyond traditional prescription dispensing.

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DiversifyRx

AUGUST 18, 2023

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. Hallmark’s mailbox to send a card on them! The Winning Prize! even those jerk stores that will remain nameless!

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DiversifyRx

NOVEMBER 23, 2022

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. What is an ACO?

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Health and Personal Care Stores Independent Pharmacies Patient Care Immunization 98

DiversifyRx

JUNE 29, 2023

A kick-ass social media strategy is a low-cost way to grow your independent pharmacy. Creating a social media content strategy for your independent pharmacy increases your online authority and attracts new patients. Place a focus on writing blog content that answers your customers’ questions.

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DiversifyRx

MARCH 22, 2024

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. The post The Case for Targeted Marketing for Independent Pharmacy Owners first appeared on DiversifyRx.

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Pharmacy Is Right For Me

JULY 11, 2022

To highlight some of the more unique career settings in the industry, we’re introducing a new page on our website— Novel Pharmacy Practice Settings —where you can explore these unique career pathways. I am also the operational lead for North Carolina’s community pharmacy vaccine rollout. What led you to this career path?

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DiversifyRx

JANUARY 18, 2024

At DiversifyRx, we’re all about pharmacy marketing. Check out our top blog picks to help amp up your pharmacy’s marketing game in 2024. This week, let’s explore a crucial pillar of Pharmacy Profit – Marketing. It’s not just about being seen; it’s about making your pharmacy more profitable.

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Independent Pharmacies 52

The Honest Apothecary

APRIL 21, 2023

Here I share some of the latest news, articles, editorials, or blog posts that fall generally under the theme of Pharma or healthcare. BUTT DRUGS CLOSING SHOP AFTER 71 YEARS Always pains me to hear another independent pharmacy closing its doors. All article shared will be free to read and not locked behind an annoying paywall.

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Independent Pharmacies 105

DiversifyRx

JANUARY 18, 2024

Get ready to explore the top Pharmacy Team Development articles of 2023 tailored for Independent Pharmacies. Your pharmacy team can be your greatest strength or your worst weakness. Let’s get you caught up on our most popular pharmacy team development blogs from 2023. But… how do you do that?

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Independent Pharmacies 52

DiversifyRx

MARCH 3, 2023

What You Need to Know Before You Open a Pharmacy The pharmacy industry is a complex one. Likewise, opening a pharmacy can be complicated. This is a guest post blog from our friends at PioneerRx. To be a pillar in the community, open a pharmacy that’s in the right place and provides the right services.

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DiversifyRx

OCTOBER 18, 2024

Organic marketing is a low-cost and easy way to grow any independent pharmacy. It’s a marketing method that thrives on authenticity, relationship-building, and consistency—perfect for independent pharmacy owners who want to increase visibility without busting the budget. And who doesn’t love free marketing, right?

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Health and Personal Care Stores Independent Pharmacies Vaccines 52

DiversifyRx

FEBRUARY 7, 2024

Your pharmacy’s data is the key to unlocking massive profit and success which is why it is so critical to focus on KPI optimization for every independent pharmacy owner. You’ll thank me for it because I love helping pharmacy owners understand and use their data and, hopefully, love it, too. AH… DATA!

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Independent Pharmacies 52

Digital Pharmacist

OCTOBER 5, 2022

It’s important for independent pharmacies to stay on top of the Medicare enrollment conversation so you are not at risk of losing business. Keep patients informed of Medicare information by building Open Enrollment information and reminders into your daily or weekly pharmacy content. Hang informational signage around your store.

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The Social Pharmacist

AUGUST 17, 2022

Creating a segment dedicated to new visitors occurs as a clever thing to do when you own a blog. 65% – 90% for dictionaries, portals, blogs, and general websites that revolve around news and events. Most common webpages with reasonable high bounce rate numbers: Blog posts have an expected 65% or much higher bounce rate numbers.

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Independent Pharmacies 52

DiversifyRx

JANUARY 31, 2024

Ditch your dependence on PBMs and grow your non-PBM revenue with this review of our top 2023 blogs. Don’t let the rule your pharmacy or ruin your profits. Let’s recap the most popular 2023 blog posts that spotlight non-PBM revenue. We feel the same. Let’s focus on helping you grow your non-PBM revenue.

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Digital Pharmacist

SEPTEMBER 20, 2023

Provide Education and Guidance It’s important for independent pharmacies to stay on top of the Medicare enrollment conversation so you are not at risk of losing business. Keep patients informed of Medicare information by building Open Enrollment information and reminders into your daily or weekly pharmacy content.

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PDS Blog

AUGUST 24, 2021

Inventory management has a huge financial impact on your independent pharmacy. When your inventory isn’t being managed in an optimal way, it means cash is sitting on your shelves instead of in your pocket. This significantly restricts your cash flow and the ability to settle everyday expenses.

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Independent Pharmacies 52

Oswald's

FEBRUARY 1, 2024

One of the most important things my dad taught me about running the family business was to connect with peers in the independent pharmacy industry. That way you can learn… The post A Message From Alex February 2024 appeared first on Oswald's Pharmacy.

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Independent Pharmacies 52

The Social Pharmacist

AUGUST 17, 2022

Creating a segment dedicated to new visitors occurs as a clever thing to do when you own a blog. 65% – 90% for dictionaries, portals, blogs, and general websites that revolve around news and events. Most common webpages with reasonable high bounce rate numbers: Blog posts have an expected 65% or much higher bounce rate numbers.

Independent Pharmacies 40

Independent Pharmacies 40

Oswald's

MARCH 1, 2023

With prescription reimbursements so low, and the costs of being an independent pharmacy in 2023 not getting any less expensive, we’ve put up a donation box to help offset our free delivery costs. I appreciate all of our customers who… The post A Message From Alex March 2023 appeared first on Oswald's Pharmacy.

Independent Pharmacies 52

Independent Pharmacies 52

Oswald's

MARCH 1, 2023

With prescription reimbursements so low, and the costs of being an independent pharmacy in 2023 not getting any less expensive, we’ve put up a donation box to help offset our free delivery costs. I appreciate all of our customers who… The post A Message From Alex May 2023 appeared first on Oswald's Pharmacy.

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Independent Pharmacies 52

PDS Blog

OCTOBER 27, 2021

The final quarter of 2021 presents many opportunities for independent pharmacy owners. With Open Enrollment Season now underway, what plans have you made to assure your patients and your pharmacy are set up for success in 2022? Not sure where to start?

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Independent Pharmacies 52

PDS Blog

AUGUST 2, 2021

As an independent pharmacy, your goal is to become a healthcare destination in your community. It means attracting patients that will stay with your pharmacy for the long-term. That means going far beyond dispensing. Being involved […].

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Independent Pharmacies 52

DiversifyRx

JANUARY 4, 2024

Let’s get you caught up with the best independent pharmacy cash-based revenue opportunities in 2023 with our most popular blogs. The year 2023 was another dynamic year for independent pharmacies, filled with challenges and opportunities. 2024 is going to be a tough year. DiversifyRx is here to help.

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DiversifyRx

FEBRUARY 16, 2025

By planning ahead, staying organized, and taking advantage of every deduction and credit available, youll set your pharmacy up for financial success. For more tax savings, check out my earlier blog HERE. And Pharmacy Badass University members, be sure to check out all of the tax savings content in the membership.

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PQA

NOVEMBER 13, 2023

This guest blog is one in a series by sponsors of the 2023 PQA Leadership Summit on EQUIPP enhanced services. Currently, the US has over 60,000 pharmacies that serve as vital connectors between providers and patients (commonwealth). The views shared in this series are those of the author and do not reflect any PQA positions.

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DiversifyRx

DECEMBER 12, 2024

PBMthose three little letters have caused more headaches for independent pharmacy owners than we care to count. Educating them about the role PBMs play in healthcare can turn them into advocates for your pharmacy. Use simple language to explain why independent pharmacies are often the better option.

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