Protect You and Your Pharmacy: The Growing Threat of Ransomware
There are practices you can take in your independent pharmacy to protect your sensitive data and systems from the growing threat of ransomware. Chris Sykes, IT Director at Sykes & Company, P.A., provides an overview of those risk management practices for your …
3 Keys to Top-Line Independent Pharmacy Growth
In order to achieve top-line growth at your independent pharmacy, you have to be forward thinking and proactive. In this video, Ollin Sykes, CPA discusses the importance of offering clinical services to increase profit margins, using technology to improve efficiency and outsourcing …
Increase Cash Flow with COVID Testing
In this special Master the Margin webinar, we invited guest Nicolette Mathey, owner of Atrium 24, to share her personal experience and knowledge about setting up an independent pharmacy as a COVID-19 testing site. Scotty Sykes, CPA, CFP® and Kathy Blanchard from …
Engaging Patients by Marketing With Social Media
Independent pharmacy owners are finding success with social media platforms to inform and attract new patients. Social media can be used to share accurate health information, but also to build a health care community. You can promote your pharmacy products and services …
Personal Financial Planning for the Pharmacy Owner
We have had great interest in our Master the Margin webinar about Personal Financial Planning for the Pharmacy Owner. Our guests were Elizabeth A. Delude, CFA® and Walker W. Phillips, CFP®, CIMA® who are portfolio managers for Palladium Registered Investment Advisors. In …
Pharmacy Trends Update
With the urgent need for additional pharmacy services during the pandemic, successful independent pharmacies are realizing the potential value of going beyond scripts and adding new patient services and products. This diversification of revenue can support your pharmacy’s bottom line IF you …
How Financially Stable is Your Pharmacy?
To help your community as an independent pharmacist, you need to operate a successful business and stay open. The impact of COVID-19 has brought challenges and growth opportunities to pharmacy owners, which Scotty Sykes, CPA, CFP® discusses on the Catalyst Pharmacy Podcast, …
Pharmacy Growth Through COVID-19
COVID-19 Challenges and Opportunities: Pharmacists Share Experiences for Patient Retention and Growth During Uncertain Times How did independent pharmacists adapt and also thrive during the COVID-19 pandemic? In this recorded webinar hosted by Bonnie Bond, CPA and Kendell Harris, CPA, we discuss …
Offering “Value-Added” Services to Customers While Avoiding Prohibitive Inducements
An important way for a pharmacy to set itself apart from its competitors is to offer services to existing and prospective patients…services that other pharmacies cannot offer. And with the recent relaxation of the federal anti-kickback statute (“AKS”), the federal physician self-referral …
Collaborative Arrangements With Physicians and Other Referral Sources
The lifeblood of the successful pharmacy is to develop relationships with physicians, hospitals, long term care facilities and other providers to ensure a steady stream of referrals. There are innovative arrangements that can be entered into that are legally acceptable. At the …
