WTF are lead and lag measures

WTF Are Lead and Lag Measures

Going beyond KPIs and into actionable lead and lag measures. Let’s get real. It’s no secret that pharmacy owners and their employees work better together when company goals are crystal clear. A thriving pharmacy sets goals, identifies critical KPIs, and keeps track of successes and failures. Because the pharmacy industry

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pharmacy video marketing

Maximize Your Pharmacy Video Marketing

Video marketing is the number one most powerful tool for growing your pharmacy sales.  Video marketing is a powerful marketing tool that can be financially beneficial to your pharmacy. Videos on social media have high engagement rates, and it’s easy to repurpose videos and distribute them on multiple social media

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3 critical profit KPIs

Transform Your Pharmacy Profits With These 3 KPIs

Can you dramatically improve your pharmacy’s profits in just 90 days? It is the start of a new quarter today. Are you happy with what you accomplished in the last quarter? Did you have ideas and plans, and then they got lost in the shuffle of the day-to-day of running

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Pet Medications Cash Based Revenue Pharmacy Profit

Pet Medication Cash Based Revenue

Pet medication is now easier than ever to fill for your patients.  Have you ever wondered how you can get in on the 10 billion dollar pet medication industry? As a compounding pharmacy, I naturally filled the custom medications for vets. Those compounds, while profitable, are a small piece of

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How To Support Your Employees In Tough Times

How To Support Employees During Tough Times

Employees everywhere are struggling with unprecedented stress during these tough times. Right now, times are tough. Dealing with social issues, the pandemic, and family trials are causing staff to be more stressed than ever before. There is no more important role as a leader than to support your employees’ well-being.

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How To Hire Employees Tough Market

How To Attract & Hire Employees In A Tough Job Market

Have you tried to hire an employee recently? Raise your hand if you have trouble hiring reliable, talented employees!  You are not alone.  Pharmacy owners are looking for qualified and dependable talent who will show up to work consistently and do their best. At the same time, candidates are seeking

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video Marketing tips

Video Marketing Tips

Video marketing should be a cornerstone of your pharmacy’s marketing growth plan. Is your pharmacy’s growth feeling a little bit stagnant lately? Are you using the same marketing strategies that you’ve always used?  You have probably come to realize that marketing is one of the most significant areas that can

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How To Monetize Your Pharmacy Data

Monetize Your Pharmacy Data

Everyone else is monetizing your pharmacy’s data; shouldn’t you be too? The pharmacy data that independent pharmacies create daily is worth millions. Yet, pharmacy owners never see any of that money. Everyone else that collects and uses your pharmacy’s generated data sells it. What’s crazy is you even pay to

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Pharmacy Immunizations Best Practices

Pharmacy Immunizations Best Practices

All hands on deck!! The pharmacy immunization tsunami of flu and COVID 3rd shots is almost upon us.  Is your pharmacy ready?  Are you finally thinking of adding vaccination services to your repertoire? Adding vaccine administration to your list of pharmacy services is a great way to serve and protect

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6 Secrets To Increase Pharmacy Profits From PBMs

6 Secrets To Increase Pharmacy Profits From PBMs

If you want to increase pharmacy profits, then you must optimize your PBM-based revenue.  Most independent pharmacies’ revenue comes through a PBM. In fact, it is normal for over 95% of a pharmacy’s sales to come from a PBM. This reliance on PBMs leads to almost all of a pharmacy

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DiversifyRx is dedicated to helping pharmacy owners kick a$$. We strongly believe the key to success is diversifying your revenue streams and maximizing each opportunity that is right for you. DiversifyRx was created by pharmacy owners for pharmacy owners. We have experienced a lot of triumphs and disasters and want to share our knowledge with you. This site contains affiliate links to products or services. We may receive a commission for purchases made through these links.