Year-End Update: DIR Fees, PTE Tax, and Christmas!
Merry Christmas from Sykes & Company, P.A.! With the New Year almost here, we want to say thank you for your service and all that you do for your community. Our Christmas gift to you is a bonus year-end update episode! On …
The Intersection of DIR Fees and Open Enrollment for Independent Pharmacies
In this episode of Sykes The Bottom Line Pharmacy Podcast, Marvin Guardado, Senior Manager of Customer Enablement at Enliven Health, dives deep into the world of DIR fees and the DIR fee hangover. Discover how open enrollment can impact independent pharmacies and …
Let’s Chat Pt.2 – RBC Cardinal Health, ThoughtSpot 2023, DIR Fees, and ERTC
In this episode of the Bottom Line Pharmacy Podcast, our hosts Scotty, Kendell, and Bonnie take you on a journey through the final leg of their tradeshow travels. Join them as they recount their experiences at Cardinal RBC in Boston, #ThoughSpot Amerisource …
Let’s Chat – Tradeshow Season, DIR Fees, ERTC and MORE!
Join us as we share our experiences from recent tradeshows and dive into trending pharmacy topics. From DIR fees and ERTC updates to revenue diversification and cash flow management, we discuss real-world challenges and innovative solutions that pharmacy owners need to know. …
DIR Fees Pharmacy Accounting Best Practices Webinar
DIR fees are the third largest expense in a pharmacy, and they are increasing as a percentage of gross revenue. The Kentucky Pharmacists Association invited Scotty Sykes, CPA, CFP® to talk about how pharmacists can create accounting best practices to preserve their …
Realities of “Philmore Scripts”- Minimizing DIR Fees
DIR fees can be a complex and frustrating aspect of running a pharmacy, but moreso now with upcoming changes in fee collection and PBM contracts. In this episode, our hosts speak with Ben Jolley, PharmD at Jolley’s Compounding Pharmacy in Utah. As …
DIR Fee Apocalypse- The Bottom Line for 2024
On this episode of The Bottom Line Pharmacy Podcast, our hosts discuss the upcoming DIR fees in 2024 and how they will affect independent pharmacies. We stress the importance of planning and knowing your pharmacy’s current burn rate with DIR fees in …
Annual Enrollment Opportunities to Reduce DIR Fees
Did you know that the annual Open Enrollment Period for Medicare is one of the best opportunities to help your patients while also managing DIR fees? In this webinar recording with guest Nathan Shanor, general manager for FDS Amplicare, we explore how …
Focus on DIR Fees: Three Ways to Manage Them
When looking at the P&Ls of many independent and community pharmacies, DIR fees are now the third largest expense to impact store cash flow and profitability. Although more and more third party reconciliation systems are reporting monthly DIR fees and related adjudication …
DIR Fees and How to Manage Them
DIR fees are the third largest expense in any independent pharmacies. Proper management can help mitigate these fees. In this video, Ollin Sykes, CPA, and Kathy Blanchard of Sykes & Company, P.A. discuss what trends they are seeing with DIR fees, the …
