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 …
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 …
The Impact of Pharmacy Inventory Management on Gross Margins | Sykes & Company, P.A.
Your pharmacy inventory is critical to your gross margins. Learn how to properly manage your inventory to achieve a good industry average gross margin of 22-23%. In this video, Ollin Sykes of Sykes & Company, P.A. discusses inventory management and its affect …
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 …
Improving Cash Flow With Long-Term Care at Home Featuring Paul Shelton
How can you diversify your revenue sources as an independent pharmacy? What is long-term care at home? How can you improve cash flow in your pharmacy? The reality is, to succeed today as an independent pharmacy, you have to diversify your sources …
Keeping Your Pharmacy Insured Featuring Steve Boone
Many pharmacy owners have never explored their insurance options and as a result, are likely overpaying. Only recently have other options become available for pharmacy owners, and these options could result in saving $15,000. In this episode of The Bottom Line Pharmacy …
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. …
Elevating Patient Care through 340B Partnerships ft. Eric Fromhart
In this episode of The Bottom Line Pharmacy Podcast, hosts Scotty, Bonnie, and Kendell dive deep into the world of 340B with special guest Eric Fromhart from Aventi Health. Get the facts about 340B, covered entities, and independent pharmacies in this informative …
Classic Video: NCPA Trends: A Rise in Organic Pharmacy Startups
One of the trends apparent at this summer’s NCPA Ownership Workshop is the rise of new independent pharmacy owners who begin their new pharmacy organically rather than buying an existing location. Ollin Sykes of Sykes & Company, P.A., describes the trends and …