Pharmacy Crossroads

Scott Von Deylen, NimbleRx's new V.P. Sales, shares how this new company has created a new revenue service opportunity to pharmacy owners.  This web based service allows consumers to request refills, and pay for their prescriptions and OTC items, from the convenience of their mobile phone or computer. Von Deylen explains how the company can provide the service free to pharmacy owners and how participation in the program actually results in payments to the pharmacy by NimbleRx.     
For more information visit: https://www.nimblerx.com/schedule-demo Scott Von Deylen, VP Sales, NimbleRx

Shahida Choudhry, PharmD, owns two pharmacies in the Tampa Bay area of Florida.  Despite egregious low reimbursement and other PBM problems she is growing and has plans to add more locations.  In this episode she shares several things she does to stay profitable.  Hint, it takes creative marketing, using social media, attending trade shows, networking and being willing (and able) to sell front-end items.  Personality doesn't hurt and Shahida has plenty of that, as you'll soon discover when you listen this podcast.  

Far too many independent pharmacies let their front-ends flounder because they don't know how to buy, display, price or otherwise support the right kind of products.  Well, a cure has been found.  In this episode 3 industry experts share who their companies provide solutions to this problem.  You can have a profitable front-end.  You can contact these three companies at:  solutionsrx.com   BreathROX.com or MatchSquare.com 
 

Sponsored by: Professional Compounding Centers of America (PCCA)Dayna Timmer, Pharm D, has worked for a chain, as a nuclear pharmacist and in 2022 opened her own compounding pharmacy.  And, she loves it.  She is joined by Erin Michael, of PCCA.  They both share how Timmer started from scratch and has built both a financially and personally reward practice is Georgia.  Dayna Timmer, Pharm D, owner of Mountainside Compounding Pharmacy in Tate, GA.  Erin Michael, MBA, CPhT, Director of Customer Engagement, PCCA 

When the time comes to ponder selling your pharmacy it might help to know it is complicated.  Understanding valuation, dealing with licenses, leases and finding a buyer are critical success factors. 
The good news is there are people out there that can help you.  Tim Clark and Owen BonDurant are pharmacists, pharmacy owners and ownership transition experts.  They also help people start, operate and sell pharmacies.  In this episode they layout some of the changes that have occurred in the marketplace in the past year or so.  They also describe some new options for finding buyers that many owners may not know about.  You can check out their website at:   www.independentrxconsulting.com 
 

Katie Bass, PharmD and owner of two pharmacies in central California is a dynamo.  After assuring listeners she too pays DIR fees and struggles to balance the demands of owning two pharmacies and raising two small children she shares specific examples of things she is doing to succeed.  The list includes buying smart, knowing her local community, investing in new technology, doing point-of-care testing  and tapping into new revenue available with community health workers.  Katie is a super star who will inspire you to try new things in our pharmacy.  Katie is joined by her IPC Regional Manager, Jake Lewis.  

Tips for understanding and managing your wholesaler's primary vendor agreement.  Scott Patterson, owner of 6 pharmacies joins Scott Wittnebel, Director of Pharmacy Services for IPC talk about strategies and tactics you can use to maximize your rebates and lower you cost of goods.

Bruce Kneeland attended the McKesson IdeaShare show and was able to interview several show attendees and learn from them some of what they saw, heard and learned at this show. Tips for making show attendance a success, examples of the benefits of networking and other ideas your peers will take home and implement are shared. If you did, or did not, attend this show you'll benefit from the comments on this podcast