This is why you don’t “fill and pray” – The Bottom Line Pharmacy Podcast
Dear independent pharmacies: When you have potentially thousands of dollars a month in unreimbursed claims, you can’t leave it up to chance that you will receive that money, or as we say, don’t “fill and pray.” Get your third-party system up-to-date through …
New Inventory Rules Impacting Pharmacies: TD 9942 Update
When the Tax Cuts & Jobs Act of 2017 was signed into law, many pharmacy owners interpreted the new rules to mean taxpayers could write off inventory. Now that Treasury Decision 9942 has gone into effect, pharmacy owners that wrote off inventory need …
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 …
Master the Margin: Cash Flow – Where Is It and How to Get It
Independent pharmacy accounting is challenged with maintaining cash flow due to many factors. In this Master the Margin webinar, we spoke with Craig Robinson of RxCherryPick to find out where pharmacy cash flow is going and how to get it back. In …
NCPA Updates and Upcoming Events
National Community Pharmacists Association (NCPA) protects and promotes the interests of independent pharmacists whose success is vital to their patients and their communities. On this episode of The Bottom Line Pharmacy Podcast, your hosts Bonnie Bond, CPA, Kendell Harris, CPA and Scotty …
How it All Began with Ollin Sykes, CPA.CITP, CMA
We get asked all the time about how Sykes & Company, P.A. got started, so we invited Ollin Sykes, CPA.CITP, CMA – the pioneer himself – to tell us how it all began. Join Ollin, Bonnie Bond, CPA, Kendell Harris, CPA and …
Update on Employee Retention Tax Credit (ERTC)
Recently there has been a lot of industry chatter about the Employee Retention Tax Credit (ERTC). In this episode of The Bottom Line Pharmacy Podcast, join Bonnie Bond, CPA, Kendell Harris, CPA and Scotty Sykes, CPA, CFP® as they talk about qualifying …