CBD & Your Pharmacy: Should You Stock CBD Products?

cbd products - oil tincture
Has a patient ever asked if you carry CBD products? We’re willing to bet they have — or they’ve at least thought about it. Since 2018, CBD has been on the rise, showing up everywhere from retail pharmacies like CVS and Walgreens to specialty stores and even gas stations. There are a lot of questions
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Why Pharmacy Software Features Matter: The Self-Fulfilling Prophecy

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It takes a lot to run a successful independent pharmacy in today’s competitive market—especially amidst the difficult times we’re experiencing in 2020.  The new normal is vastly different from what it once was; gone are the days of simply filling and billing for prescriptions. Between navigating the complex world of medical billing, standing out amongst
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On Pharmacy Claims: Why Balancing the Books Should Matter to Today’s Pharmacist

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Few things are worse than checking your balance and seeing a lower number than you expect. Two decades ago, the NCPA filed a report on the differences between amounts approved and amounts paid to independent pharmacies by third-party payers. They found that when there was a difference, the pharmacy lost an average of $20 per
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Affordable Patient Management: Retail Pharmacy Software

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Modern independent pharmacists are tasked with juggling a number of responsibilities, from engaging with patients and maintaining inventory to navigating the complex world of medical billing. On top of managing ever-increasing daily responsibilities, independent pharmacies must look for ways to compete with large, big-box locations with a widespread national presence. Fortunately, the development of retail
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How 2020 Has Altered Pharmacy Software Features

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2020 has certainly been one for the books. Just about every industry has been impacted by COVID-19, and pharmacy is no exception. From enforcing social distancing and increasing sanitization protocols to ensuring adequate stock and meeting community guidelines, pharmacists today are faced with a number of new challenges to navigate. Fortunately, advanced pharmacy software features
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How Expanding into Patient Care Services Creates a Positive Impact on Your Business & Your Community

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Today’s patients need more healthcare options. Doctors’ offices are overbooked, and patients can wait months for a simple check-up. And the pandemic is only making matters worse. On the pharmacy side of things, prescription reimbursement rates are falling, and increasing DIR fees are taking bigger chunks of that revenue every day. To survive, pharmacies have
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4 Key Advantages of a PSAO Pharmacy

psao pharmacy
Today’s independent pharmacists face several new challenges, from competing with large retail chains and offering enhanced clinical services to figuring out how to submit medical billing claims for reimbursement. As major retailers expand, consolidate, and take over the market, the pharmacy landscape becomes increasingly complex and convoluted—especially for smaller mom-and-pop shops just trying to help
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Shifting Focus: Moving from Dispensing to Clinical Care Services

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Community pharmacies are evolving. In his webinar “Care Planning: The Key to Thriving and Surviving,” Mark McCurdy, RPh, said “Don’t try to fit clinical care into your dispensing schedule. Fit dispensing into your clinical care schedule.” Why would he put so much emphasis on clinical care? Because that’s the future of pharmacy. Diversifying to Survive
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6 Common Reasons Why Pharmacists Struggle to Increase Pharmacy Profit

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Pharmacists today are challenged with juggling a myriad of tasks at once, from keeping patients happy and hiring quality technicians to improving profits and keeping the business alive. On top of the ever-evolving pharmacist role, the COVID-19 pandemic has shifted the way profits are viewed by independent pharmacies. With so much responsibility amidst a changing
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The Future of Pharmacy Claims Reconciliation

pharmacy claims reconciliation
Claims reconciliation is a necessity for small, independent pharmacies. As a pharmacy owner, you simply can’t afford to not reconcile your claims. Unlike large, big-box stores with corporate support, independent pharmacies rely on third-party reimbursements to keep the lights on and ensure their business thrives. Reconciling each claim accurately and efficiently is crucial for improving
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