DiversifyRx

APRIL 21, 2023

Effective delegation is a critical differentiator between highly successful independent pharmacy owners and those who barely get by. Pharmacy owners are often required to take on many roles to keep their pharmacy running, and you know that it can quickly become too much. Step 3: Make sure everyone is on the same page!

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DiversifyRx

MAY 13, 2024

This principle can be incredibly beneficial in managing an independent pharmacy. Clear Value Proposition: Make sure your customers clearly understand what sets your pharmacy apart. Whether it’s personalized service, faster turnaround times, or unique product offerings, communicate your value simply and effectively.

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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

MAY 3, 2023

I have seen a growing trend of this behavior in the small independent pharmacy niche. Over the years, I have learned a lot about independent pharmacy, the over-the-top unfairness that the industry experiences, and the loving nature of almost every single pharmacy owner I get the opportunity to work with.

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Digital Pharmacist

AUGUST 31, 2023

Independent pharmacies have emerged as pivotal players in this arena, offering point-of-care testing (POCT) services that not only enhance healthcare accessibility but also alleviate the strain on hospitals and healthcare systems. Benefits of Pharmacy-Based POCT The benefits of POCT in independent pharmacies are vast.

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DiversifyRx

OCTOBER 26, 2023

Let’s look at ways pharmacy owners can adapt to these changes in order to remain competitive and thrive in 2024. Embracing Telehealth Services Telehealth, or the provision of healthcare services remotely through digital communication, has revolutionized patient care.

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DiversifyRx

JULY 11, 2024

Notification If you choose to accept the exemption, the FDA recommends communicating this decision to your trading partners as needed to further facilitate the distribution of products without difficulty or delay. The post DSCSA Postponement And What It Means For Independent Pharmacies first appeared on DiversifyRx.

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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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DiversifyRx

FEBRUARY 4, 2025

Your pharmacy team will either be your greatest strength or your weakest link. Pharmacy Team development is a critical pillar for independent pharmacy owners aiming to enhance operational efficiency, boost employee satisfaction, and improve patient care.

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DiversifyRx

OCTOBER 27, 2023

Many changes, requirements, and increases in enforcement are heading to independent pharmacy owners in November. In a recent podcast, Jeff Hedges from RJ Hedges shared with us some of the new items the DEA is looking for in your pharmacy. DiversifyRx is here to help you succeed with your independent pharmacy.

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DiversifyRx

JULY 7, 2023

With these seven secrets, you can turn your independent pharmacy team into a powerhouse. Pharmacy ownership can feel lonely at times, and we get it. As an independent pharmacy owner, you know your team is the backbone of your business. The buck stops with you, quite literally.

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DiversifyRx

NOVEMBER 24, 2023

By requiring standardized documentation and communication protocols, the DSCSA makes it quicker and more efficient for pharmaceutical manufacturers and distributors to initiate recalls and notify relevant parties, including healthcare providers and the FDA (Food and Drug Administration). The DSCSA aims to streamline this recall process.

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PioneerRx

OCTOBER 3, 2022

In the world of independent pharmacy, communication is key. This doesn’t just apply to communication with patients but also with other providers.

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PioneerRx

MARCH 8, 2023

As independent pharmacies adapt to changes in patient needs and shifts in the industry, efficient communication is a constant that will always be essential.

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DiversifyRx

DECEMBER 7, 2023

Eye-Catching Design Capture attention with visually appealing posters that not only look attractive but also effectively communicate your message. Clearly communicate the exclusive offers and benefits that customers can access as a result of the partnership to encourage their participation.

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DiversifyRx

AUGUST 23, 2024

Common Add-backs in Independent Pharmacies To implement add-backs effectively, it’s crucial to identify the common expenses that can be adjusted. Here are some examples that are common in independent pharmacies and will impact your pharmacy’s valuation.

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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.

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Digital Pharmacist

MARCH 13, 2023

A pharmacy software program not only maximizes work efficiency but is also related to patient outcomes. The software system can have an effect on patients since pharmacists utilize the software for a variety of reasons from dispensing medications to communicating with patients.

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DiversifyRx

FEBRUARY 16, 2025

What to Look For in a Tax Professional: Experience with entrepreneurs is a must and bonus points for pharmacies. Proactive communication about tax-saving opportunities. Deep knowledge of business owner deductions and credits. Schedule a mid-year review (at a minimum) with your tax professional to adjust strategies as needed.

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Digital Pharmacist

DECEMBER 15, 2022

CVS could afford various services since they are the biggest franchise pharmacy in the US with big funding and more staff compared to independent pharmacies. Not all pharmacies can offer these services to customers due to limited resources and staff.

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Omnicell

SEPTEMBER 5, 2022

Our mission at EnlivenHealth is to build and orchestrate the most advanced digital engagement technologies that are designed to help retail pharmacies and health plans keep their patients and members healthy and happy while strengthening their businesses results.

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DiversifyRx

OCTOBER 5, 2023

As the new quarter begins, it’s time to reflect on your pharmacy’s performance in the previous quarter. Were your plans and ideas overshadowed by the daily grind of managing your independent pharmacy? Many pharmacy owners find themselves dissatisfied with their progress in the last quarter.

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DiversifyRx

SEPTEMBER 29, 2023

Many pharmacy owners are desperate to increase non-PBM revenue for their independent pharmacy. Breaking free from the PBMs allows pharmacy owners to be in more control of income, their services, and their patients’ health. We prefer a more synergistic, local approach—partnering with local independent pharmacies.

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DiversifyRx

MARCH 16, 2023

Timing and Frequency Of Independent Pharmacy Staff Meetings How often should you have team meetings? You can get more from your team and help them feel fulfilled by increasing communication with them as a group and one-on-one. You have yourself a badass team meeting! I wish there was one easy answer to this question.

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DiversifyRx

NOVEMBER 3, 2022

We firmly believe that every independent pharmacy should offer testing services. We share some of our most popular resources and tools to get your point-of-care testing going in your pharmacy, even if you’re not a Pharmacy Badass University member. November is when peak testing season starts.

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DiversifyRx

JULY 21, 2023

A lot has been said about leadership (or lack thereof) in pharmacy. Independent pharmacy owners feel the weight of a widespread leadership deficit and the lack of much-needed exemplars. Understandably, developing your team members into pharmacy leaders can seem like another task on a lengthy to-do list.

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Hospital Pharmacy Europe

DECEMBER 15, 2023

In a recent interview with Hospital Pharmacy Europe’s sister publication The Pharmacist , James Davies said he hoped that more transparency and information about the group and what it is seeking to do would be revealed now that it has been launched and a chair appointed.

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DiversifyRx

MAY 22, 2024

5 Daily Habits to Improve Your Pharmacy: A Recipe for Success You don’t have to have hours of free time every day to improve your pharmacy; you can adopt these simple five daily habits and get started today. Running an independent pharmacy can sometimes feel like juggling while riding a unicycle on a tightrope.

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PQA

MARCH 8, 2024

Expanding clinical interventions is a great way for independent pharmacies to begin increasing their revenue. If you have questions or would like to be involved, email us at Communications@PQAalliance.org. This one-day event will take place on Thursday, November 7, 2024, in Arlington, Va., prior to the PQA Leadership Summit.

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DiversifyRx

OCTOBER 22, 2024

Your pharmacy profit is directly related to your (the pharmacy owner’s) soft skills and your ability to cultivate soft skills in your team. What Are Soft Skills Soft skills—communication, empathy, and emotional intelligence—are often treated as the “nice to have” extras in business.

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DiversifyRx

JUNE 9, 2023

Wow your patients with these 10 ideas and ensure your independent pharmacy stays top of mind. But as I have learned recently about communication, do not assume anything, and creating an exceptional patient experience is critical to building lasting relationships and ensuring loyalty.

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DiversifyRx

OCTOBER 26, 2023

Faxes: Despite technological advancements, faxes remain a common means of communication in healthcare. Efficient pharmacy management systems that facilitate clinical notes and electronic two-way communication can streamline this process. Pre-Printed Rx Pads: Pre-printed Rx pads can be a valuable resource for prescribers.

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PQA

APRIL 5, 2023

Thorne explained that these results show two trends with opposing effects: After COVID-19, more patients received vaccines and testing at pharmacies, which may have increased patient comfort with pharmacists and provided them with a good experience. The answers represented a staff-based perspective and a willingness and readiness perspective.

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DiversifyRx

JULY 28, 2023

If you’ve been running an independent pharmacy for some time, you’re aware of the fact that a key responsibility of yours is to guide and develop your pharmacy team members to reach their full potential by offering feedback and training. Provide personalized feedback that helps grow your team.

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DiversifyRx

JUNE 16, 2023

Attract new paying customers to your independent pharmacy by highlighting summer promotions to grow pharmacy profit. It is also an excellent time for pharmacies to increase their profits by offering promotions that appeal to customers. Summer is not only a season filled with sunshine, vacations, and a sense of adventure.

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DiversifyRx

SEPTEMBER 7, 2023

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. Email Marketing to Grow P OCT Email marketing enables direct communication with patients, fostering engagement and trust.

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The Physician Pharmacist

SEPTEMBER 7, 2023

I've been picking up shifts, occasionally at a friend's independent pharmacy. And over the summer, I'm hoping to maybe find another job and or just increase the hours that I work at their pharmacy. Speaker 2 Yeah, so I haven't been working, like full time or part time or anything, obviously, there's just really no time for that.

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