Remove Independent Pharmacies Remove Insurance Remove Patient Care
article thumbnail

The Evolution of Patient Needs: How Independent Pharmacies Can Grow & Adapt

Digital Pharmacist

In the past decade, there has been a significant evolution of patient needs. In this changing environment, independent pharmacies face increasing competition from retail, online, regional, and mail-order pharmacies.

article thumbnail

Empowering Your Independent Pharmacy Employees

DiversifyRx

My goal at DiversifyRx is to make owning a pharmacy fun and profitable again. Empowering your independent pharmacy employees is a great way to reduce your burden and have happy employees. Running an independent pharmacy is both rewarding and challenging. Some fire is always happening in an independent pharmacy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Independent Pharmacy Profitability: Direct Billing Workers’ Compensation

DiversifyRx

The state or work comp insurer pays the exact same amount regardless of who sends the final paper bill to the adjuster. So we called all the numbers we could find for the insurer and got lucky in getting a super-friendly adjuster. Let’s work together to turn independent pharmacy ownership into a rewarding and profitable venture.

article thumbnail

Top 2022 Pharmacy Blog Posts For Non-PBM Revenue

DiversifyRx

Non-PBM revenue can sometimes still have a middleman – a doctor’s office, an employer, or an insurer, as examples. This is a critical pillar to growing your pharmacy profitably. Low pharmacy profitability, shady audits, bad cash flow, negative reimbursements, and many other issues are brought on by PBMs.

article thumbnail

Maximizing Your Pharmacy’s Revenue and Impact: An Introduction to Remote Patient Monitoring and Chronic Care Management

DiversifyRx

Clinical, non-PBM pharmacy growth is not only possible, but it can be easy to implement, help your patients, and boost your profits with remote patient monitoring and chronic care management. Pharmacists play a pivotal role in patient care, offering essential services such as medication reviews and patient education.

article thumbnail

How to Wow Patients: 10 Surefire Ways to Make a Lasting Impression

DiversifyRx

Wow your patients with these 10 ideas and ensure your independent pharmacy stays top of mind. Wowing your patients seems like a no-brainer, something your front-end staff is already doing. Create a Welcoming Process: Develop a comprehensive new patient process that ensures a smooth and welcoming experience.

article thumbnail

The Importance of Gross Profit Margin for Pharmacy Owners

DiversifyRx

Understanding and managing this metric is crucial for making informed decisions, optimizing profitability, and maintaining the quality of pharmacy services. Let’s review the Gross Profit Margin for pharmacy owners and how it impacts your independent pharmacy. What should a pharmacy’s gross profit margin be?