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Independent veterinary pharmacists face competition from retail giants like Chewy and Amazon. To compete, they emphasize personalized service, compounding, and educating customers about their capabilities.
Here’s an example of my schedule when I was working in my first pharmacy: Monday was marketing Tuesday was technicians/staff Wednesday was compounding Thursdays were pharmacists Fridays were financials Just know that you won’t be perfect, and that’s ok. I would keep a to-do list for each of the days.
This industry is rapidly growing and changing, making it the perfect time for independentpharmacies to get involved. For example, you could market weight-loss prescriptions or specific supplements or even create unique compounds. Point of Care Testing (POCT). Patients are looking for quick solutions to their problems.
The interest in compounding has definitely increased recently. Use these 5 proven strategies to grow your compounding prescriptions and profits. I love compounding. It was my first passion in pharmacy. For me, every potential compounding patient is a problem that needs solving.
Mentorship in independentpharmacy is important for owners and those coming up behind us. As independentpharmacy owners, we often find ourselves juggling numerous roles and responsibilities. One crucial role that is often overlooked is mentorship in independentpharmacies. Not each other.
Drug safety compliance is an important responsibility for independentpharmacies. It can get tricky when it comes to compounded medications, since there may be.
Drug safety compliance is an important responsibility for independentpharmacies. It can get tricky when it comes to compounded medications, since there may be.
With reimbursements dwindling and the so-called “ DIR Apocalypse ” or “DIR Armageddon” on the horizon, no explanation is needed as to why independentpharmacies are seeking innovative ways to expand their revenue streams beyond traditional prescription dispensing.
This is a frequent topic in our peptide compounding discussions, as it’s one of the most common side effects patients report. Checking and Adjusting pH If you’re compounding these injectables in your pharmacy, always check and adjust the pH of your final solution. Most patients won’t have an issue.
Help your patients access the hottest weight loss medications with these semaglutide and tirzepatide resources for independentpharmacy owners, whether you compound or not. I gathered all the helpful resources so independentpharmacies everywhere can help patients get the medications they need to achieve their weight loss goals.
This is where our Community Pharmacy in Kentucky comes in. We have compounding services to help as many of our clients as possible. Through compounding services, a Pharmacy can recreate certain medicines or even alter their appearance to make it easier for patients to take. Make medication and treatments easier.
Suppose you are a compoundingpharmacy and find it difficult to get prescriptions from a local doctor. Have your patients see a telemedicine provider that is comfortable with prescribing compounds. This example is one reason why independentpharmacy owners should be looking into telemedicine solutions.
Are you considering a career in compoundingpharmacy? Let me take you on a journey into the world of compounding pharmacists, where we dive into everything from job satisfaction to salary expectations. In terms of demand, the future looks promising for compounding pharmacists.
Understanding your team’s communication styles and preferences can drastically change your pharmacy’s operations by helping you build a high-trust culture that engages and drives your independentpharmacy team forward. As an independentpharmacy owner, you understand the need to grow as a leader.
I often see unique ways of leveraging companies’ services and products for independentpharmacies. This conundrum is where telehealth services can benefit patients and independentpharmacies alike. Darby Farms has been bringing high-quality supplements to independentpharmacies for many years.
It is an excellent opportunity to network with clinical pharmacy leaders across the nation and offers a variety of educational sessions to bring the best and brightest to pharmacy professionals to learn.
Cash-Based Revenue KPI Optimization Marketing Non-PBM Revenue PBM Optimization Team Development Remember that each pillar signifies a crucial aspect influencing your pharmacy’s financial success. If you are like most independentpharmacies, then over 90% of revenue likely flows through a PBM.
Most of us go to the pharmacy to get our prescriptions, an occasional treat, or a toiletry item. As the community’s leading independentpharmacy in Louisville, Kentucky , at LIFEWELL RX PHARMACY here are some of the services from your pharmacy that you may be missing out on: Pharmacy consultations.
For independentpharmacy 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.
A separate study published in 2019 surveyed 68,353 pharmacies across 16,325 ZIP codes and concluded that independentpharmacies and small chains typically charge higher prices than larger chains. Consider a compounded version Compoundingpharmacies mix the active ingredients in a drug themselves.
LIFEWELL RX PHARMACY is an established independentpharmacy in Louisville, Kentucky. We offer high-quality medical supplies and services, such as basic compounding and immunization. Another question to ask is if you can take your medication before or after meals. Reach out to us to learn more about our services.
Examples of Eligible Purchases: Pharmacy automation systems Computer hardware and software Shelving and display units Compounding equipment Key Details: The annual deduction limit for 2024 is $1,220,000. This allows you to deduct the full cost of eligible equipment in the year its purchased rather than depreciating it over time.
PBMthose three little letters have caused more headaches for independentpharmacy owners than we care to count. Target Niche Markets: Consider serving markets like compounding or functional medicine. Educating them about the role PBMs play in healthcare can turn them into advocates for your pharmacy.
Let’s get you caught up with the best independentpharmacy cash-based revenue opportunities in 2023 with our most popular blogs. The year 2023 was another dynamic year for independentpharmacies, filled with challenges and opportunities. So, pick your favorites and start growing your compounds!
This mass closure affects both large chains like CVS, Walgreens, and Rite Aid, as well as smaller independentpharmacies that serve rural and underserved communities. Medications for complex diseases like cancer or autoimmune disorders are becoming a larger part of pharmacy revenues, but they are also expensive and difficult to obtain.
Your independentpharmacy can utilize this by marketing your weight loss programs, compounds, and services to local prescribers. Depending on the compound you are filling, you might also significantly save on labor if you can bulk compound larger quantities at a time. The Introductory Price is $399 Monthly.
Here’s a list of the most recent bag stuffers in my pharmacies: 8 Free COVID At Home Tests 100% Money-Back Guarantee for Ananda PM Blend (sleep CBD) Free 15-Second Nitric Oxide Test Worker’s Compensation Prescriptions Pet Medications Compounding Hormones.
For more information on purchasing ready-made or compounding with tirzepatide or semaglutide, check out our previous article HERE. As independentpharmacy owners, we understand that patients often start treatment with high hopes for rapid weight loss. What Is The Patient Eating?
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 independentpharmacy can sometimes feel like juggling while riding a unicycle on a tightrope.
Step 3: Insight Into Your Pharmacy Profit—Reflect on This Year’s Wins (and Challenges) Take a moment to give yourself a pat on the back. Running an independentpharmacy is no small feat, and you’ve navigated another year of PBM shenanigans, staffing challenges, and changing regulations.
Glutathione continues to gain popularity, and your independentpharmacy 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.
Each pharmacy sets its own prices, too, which depend on its location, overhead, and affiliations. In fact, a study published in 2019 concluded that independentpharmacies and small chains typically charged higher cash (without insurance) prices than larger chains.
Family Pharmacy is a 2-store independentpharmacy group owned by a father and daughter. Below is more information on each of our new members and a link to their website. They’ve been in business for 35+ years at two separate locations.
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. For compoundingpharmacies, the burden is definitely higher as the risk is greater.
Pharmacies should use landing pages more often. Landing pages allow you to talk specifically about a problem patients have (like a page dedicated to hair loss) or specifically about one of your services (such as compounding). Some patients may freely permit you to talk about their stories.
Community education, also known as community-based education or community learning & development, allows pharmacy owners to promote learning and social development with individuals and groups in their communities using various formal and informal methods. Grow your independentpharmacy with community education.
Join the 75 Hard for Pharmacy Owners program to transform yourself and your pharmacy in Q4. You might think the only way to make massive changes in your pharmacy is to complete massive projects and changes. That’s where the concept of 75 Hard for Pharmacy Owners comes into play.
Phenergan Elixir is an oral sedative antihistamine licensed for the management of allergic conditions of the upper respiratory tract including a runny nose, allergies affecting the skin and anaphylactic reactions to drugs and other compounds. Please refer to product information leaflet for more details.
Independentpharmacies already have half of the equation; your patients are already doing business with your pharmacy. Finasteride Minoxidil Anti-fungal meds Custom compounded solutions Resources Our favorite resource for learning about leading-edge hair loss treatments is a fantastic membership site called Perfect Hair Health.
Your list might look something like free delivery, medication synchronization, compounding, and year-round immunizations. Taking a proactive approach not only educates patients but also sets the stage for increased per-patient spending and a more comprehensive experience with your pharmacy. Don’t worry.
During this same time, we also focused on growing our compounding and functional medicine-based services. I set a goal to be the official pharmacy of as many of those organizations as possible. In our city, we didn’t have any major professional teams. I knew these types of services would benefit our local athletes.
And Nathan, I wish I had a really profound story in the pharmacy, you know, many, many individuals do in terms of a healthcare situation that may be impacted them or their families that motivated their interest in in health care, really, for me, it was, you know, I was 18 years old, and I loved science and math. And I said, No, I have not.
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