article thumbnail

CVS and Walgreens Walkouts: What Independent Pharmacies Should Know

Digital Pharmacist

By understanding what led retail pharmacy team members to take these drastic actions, we can look at what independent pharmacies can do to avoid similar issues and also how independents can help members of these communities affected by the closures of retail chains.

article thumbnail

9 Lessons from Charlie Munger for Independent Pharmacy Owners

DiversifyRx

This principle can be incredibly beneficial in managing an independent pharmacy. Clear Value Proposition: Make sure your customers clearly understand what sets your pharmacy apart. Whether it’s personalized service, faster turnaround times, or unique product offerings, communicate your value simply and effectively.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Evolution of Patient Needs: How Independent Pharmacies Can Grow & Adapt

Digital Pharmacist

In the past decade, there has been a significant evolution of patient needs. In this changing environment, independent pharmacies face increasing competition from retail, online, regional, and mail-order pharmacies.

article thumbnail

How Delegation Can Transform Your Independent Pharmacy

DiversifyRx

Effective delegation is a critical differentiator between highly successful independent pharmacy owners and those who barely get by. Pharmacy owners are often required to take on many roles to keep their pharmacy running, and you know that it can quickly become too much. Step 3: Make sure everyone is on the same page!

article thumbnail

Navigating DEA Compliance: Essential Insights for Independent Pharmacy Owners

DiversifyRx

Many changes, requirements, and increases in enforcement are heading to independent pharmacy owners in November. In a recent podcast, Jeff Hedges from RJ Hedges shared with us some of the new items the DEA is looking for in your pharmacy. DiversifyRx is here to help you succeed with your independent pharmacy.

article thumbnail

3 Trends for Independent Pharmacy Owners for 2024

DiversifyRx

Let’s look at ways pharmacy owners can adapt to these changes in order to remain competitive and thrive in 2024. Embracing Telehealth Services Telehealth, or the provision of healthcare services remotely through digital communication, has revolutionized patient care.

article thumbnail

Top Clinical Services for Boosting Your Pharmacy’s Revenue

Digital Pharmacist

With reimbursements dwindling and the so-called “ DIR Apocalypse ” or “DIR Armageddon” on the horizon, no explanation is needed as to why independent pharmacies are seeking innovative ways to expand their revenue streams beyond traditional prescription dispensing.