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How has the evolution of data changed independent pharmacy?

Drug Topics

Big data and analytics are everywhere—including in independent pharmacy. But is the collected information being used to help with documentation, care planning, and reimbursement?

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Mentorship in Independent Pharmacy

DiversifyRx

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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Protect Your Corporate Veil: Essential Tips for Independent Pharmacy Owners

DiversifyRx

Documenting Business Meetings Having business meetings isn’t enough; you must document them properly if you want to protect your corporate veil. This documentation proves that your business decisions are made formally and thoughtfully rather than haphazardly. – Signatures: Have all attendees sign the document.

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Independent Pharmacy Profitability: Direct Billing Workers’ Compensation

DiversifyRx

Document and Track: Keep detailed records of your interactions, billing submissions, and payments. Let’s work together to turn independent pharmacy ownership into a rewarding and profitable venture. We’re dedicated to helping independent pharmacy owners thrive.

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DSCSA Postponement And What It Means For Independent Pharmacies

DiversifyRx

Trading Partners All products ordered by the Pharmacies must be ordered and received from authorized trading partners (wholesalers and manufacturers). The post DSCSA Postponement And What It Means For Independent Pharmacies first appeared on DiversifyRx. Identifiers All products received must contain a product identifier.

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Navigating DEA Compliance: Essential Insights for Independent Pharmacy Owners

DiversifyRx

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. Without proper documentation, it’s as if the conversation never happened.

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Using Goodwill To Minimize Tax Arising From The Sale Of Your Independent Pharmacy

DiversifyRx

This week’s tax-saving tips for independent pharmacy owners come from Sean at Integrity Pharmacy Consultants. I highly recommend Sean and his team if you are buying, selling, or transferring a pharmacy. See the original post HERE. We highly recommend Sean.