Archives for topic: Clinical Performance

Independent pharmacy trends for 2020

The context and opportunities for independent pharmacy In brief: Pharmacy has evolved from filling prescriptions to broadly caring for patients The landscape for independent pharmacy is extremely challenging, which is unlikely to change But there are enormous opportunities to improve outcomes and quality of life and to lower costs Pursuing these opportunities requires creating the…

Turn local prescribers into your best referral source

Partner with providers to take your pharmacy to a new level In brief: Partnering with providers in your community is a key way to grow your business Prescribers may be receptive to hearing from you, since quality measures that pharmacists impact can affect their payment Target your outreach efforts and show your value Build relationships…

Are you ready for a second store?

Know when and how to grow In brief: A growing number of independent pharmacy owners have more than one store Adding locations can bring more revenue and increase efficiency Several factors may signal opportunities to grow by opening another store Ensure you have both the money and staff to add a new pharmacy Bigger can…

Give heart patients some extra support

American Heart Month can highlight your care year round In brief: Heart disease remains the leading killer in the US1 And, about half of adults have one of the top cardiac risk factors Use American Heart Month to call attention to ways your pharmacy helps patients with heart health From improving adherence to promoting healthy…

Mark the new year with fresh marketing

Experiment with new approaches to draw more customers In brief: The marketing that drew new customers in the past could be a dud today The way to improve your marketing is to test and tweak new approaches Tips: support your community, build an email list, hire an expert Get new customers by marketing in new…

Business plan essentials for opening a new pharmacy

Opening a successful new pharmacy starts with a well-thought-out business plan In brief: RxOwnership® has helped thousands of pharmacy owners get started. Key lessons learned: understand the basics, develop a business plan, assemble a team and pick a good location. A business plan is foundational. Understand all of the essential elements. Focus on financing; lack…

Move beyond filling prescriptions to filling gaps in care

Keeping patients with chronic disease healthier makes your pharmacy healthier In brief More than 50% of adults have a chronic disease, such as diabetes, hypertension or depression By identifying care gaps and providing services, a pharmacy can improve patients’ lives Multiple opportunities exist for pharmacies to be paid for disease state management Independent pharmacies can…

10 areas to grow your bottom line in 2020

Expand your services to add new revenue streams In brief: Independent pharmacy revenues were flat last year and owner salaries continue to drop But many pharmacies are growing revenues by innovating and adding services Discover 10 ways to grow your pharmacy’s revenues Then, decide and prioritize which ideas to pursue in 2020 The need to…

Why becoming an Amazon Hub Counter can be fulfilling

Draw customers into your store with Amazon package pickups In brief: More than 100 million Americans subscribe to Amazon Prime1 Many shoppers don’t want packages left on their doorsteps To accommodate these shoppers, Amazon created a program with retailers across the country to establish Amazon Hub Counters Providing package pickup at your pharmacy can draw…

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