Diversification is the strategy your pharmacy needs to thrive in the face of PBMs. Increasing non-prescription revenue by as little as 5% can mean tens of thousands of dollars in additional profit that PBMs can’t touch. See how PDS members are diversifying and increasing their bottom line.
Relying on dispensing as your primary source of revenue is a high-risk strategy. You need to take control and take your pharmacy beyond dispensing. On average, pharmacy owners have over 90% of their revenue tied to PBMs, but small changes to this percentage can make a big difference to your bottom line.
The first step to change the way you play the game is by implementing pharmacy services and solutions that diversify your revenue streams.
| 1. Pharmacogenetic Testing | 6. Long Term Care Prescriptions |
| 2. Weight Loss Coaching | 7. Worker’s Compensation Prescriptions |
| 3. Allergy Testing | 8. Prior Authorization Approvals |
| 4. CBD Sales | 9. Increase OTC Sales |
| 5. Point of Care Testing | 10. Direct Employer Contracting |
Check out the new Diversification Worksheet. It will help you take these strategies from paper to actionable items that will increase your profitability.
Hear owner, Cynthia Feldman, tell her story from the PDS 2020 stage.
Book online by selecting below.
https://www.pharmacyowners.com/wp-content/uploads/2022/05/POCT-Blog-Image-ii-e1652711961870.jpg
624
1071
Cynthia Jean
http://www.pharmacyowners.com/wp-content/uploads/2022/01/PDS-logo.svg
Cynthia Jean2022-05-11 17:19:172022-05-16 10:36:34Expanding Your Pharmacy’s Reach Through Point-of-Care Testing
https://www.pharmacyowners.com/wp-content/uploads/2022/04/Picture1.png
316
576
Cynthia Jean
http://www.pharmacyowners.com/wp-content/uploads/2022/01/PDS-logo.svg
Cynthia Jean2022-04-18 14:42:072022-04-28 12:48:04Four Strategic Trends Independent Pharmacies Need to Implement in 2022
https://www.pharmacyowners.com/wp-content/uploads/2022/04/White-and-Black-New-Blog-Post-Instagram-Post-1.png
800
800
pdsmarketing
http://www.pharmacyowners.com/wp-content/uploads/2022/01/PDS-logo.svg
pdsmarketing2022-04-11 10:59:092022-05-01 16:03:34Financial Literacy for Pharmacy Owners
https://www.pharmacyowners.com/wp-content/uploads/2021/10/AdobeStock_161454845-scaled.jpeg
1707
2560
Cynthia Jean
http://www.pharmacyowners.com/wp-content/uploads/2022/01/PDS-logo.svg
Cynthia Jean2021-10-27 18:40:592021-10-28 15:22:03Open Enrollment Best Practices
https://www.pharmacyowners.com/wp-content/uploads/2021/09/PDS-SUPER-CONFERENCE-scaled.jpeg
1709
2560
pdsmarketing
http://www.pharmacyowners.com/wp-content/uploads/2022/01/PDS-logo.svg
pdsmarketing2021-09-17 11:57:402021-09-21 10:41:07Inspiring Speakers | PDS Super-Conference
https://www.pharmacyowners.com/wp-content/uploads/2021/09/pharmacy-social-media.jpeg
529
1200
pdsmarketing
http://www.pharmacyowners.com/wp-content/uploads/2022/01/PDS-logo.svg
pdsmarketing2021-09-15 11:17:452021-09-15 11:17:45A Pharmacy Owner’s Guide to Getting Started on Social Media
https://www.pharmacyowners.com/wp-content/uploads/2021/08/pharmacy-inventory-management.jpeg
801
1200
pdsmarketing
http://www.pharmacyowners.com/wp-content/uploads/2022/01/PDS-logo.svg
pdsmarketing2021-08-24 15:46:322021-08-24 15:50:33What Does It Mean to Manage Inventory With Purpose?
https://www.pharmacyowners.com/wp-content/uploads/2021/08/pharmacy-supplements-vitamins.jpg
800
1200
pdsmarketing
http://www.pharmacyowners.com/wp-content/uploads/2022/01/PDS-logo.svg
pdsmarketing2021-08-12 16:44:522021-08-12 16:44:52Even Pharmacists Should Take Their Vitamins in 2021 Start setting higher goals. And start achieving them. We’ll help.
