PBMs and Your Wallet: How Unfair Practices Impact Your Healthcare Costs
Pharmacy Benefit Managers (PBMs) are third-party administrators that are responsible for managing prescription drug benefits for health...
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RxConnexion
- 2 days ago
- 3 min
Cash Flow - The Backbone of Your Business
Cash flow is the backbone of any business. It's the amount of cash that flows in and out of a business, which is critical to its success....
4 views0 comments
RxConnexion
- 5 days ago
- 2 min
Understanding Opioid Use Disorder: The Role of Pharmacists in the Treatment of Opioid Use Disorder
Opioid use disorder (OUD) is a chronic medical condition characterized by the misuse or dependence on opioids, which include prescription...
14 views0 comments
RxConnexion
- Mar 17
- 2 min
Specialize Care Services: Path to Profitability by Providing High Touch Services
Ophthalmology specialized care for pharmacy refers to the provision of specialized pharmacy services to patients with eye conditions and...
17 views0 comments
RxConnexion
- Mar 17
- 2 min
Pharmacy Valuation: Unlocking the Value of Your Pharmacy. Factors to Consider in Pharmacy Valuation
Pharmacy valuation refers to the process of determining the value of a pharmacy business. There are several factors that are typically...
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RxConnexion
- Mar 13
- 2 min
How to Improve Cash Flow in Your Pharmacy
Increasing cash flow in a pharmacy can be achieved through a combination of cost-cutting measures and revenue-boosting strategies. Here...
41 views0 comments
RxConnexion
- Mar 12
- 3 min
Marketing your Pharmacy Services to Physicians by Utilizing Prescribing Data
Pharmaceutical companies have always relied heavily on physicians to market their products. However, with the rise of big data, there is...
166 views0 comments
RxConnexion
- Mar 4
- 2 min
What are DIR fees and how to Reduce it
Direct and indirect remuneration (DIR) fees are payments that pharmacies receive from insurance companies, pharmacy benefit managers...
49 views0 comments
RxConnexion
- Mar 3
- 3 min
Common mistakes that businesses make when designing marketing programs
some common mistakes that businesses make when designing marketing programs: Failing to define target customers: A marketing program...
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RxConnexion
- Feb 27
- 3 min
Control Substance Inventory Standards & Requirement for Independent Pharmacy
Control Substance Inventory Requirement for Independent Pharmacy Independent pharmacies are required to maintain a controlled substance...
67 views0 comments
RxConnexion
- Feb 23
- 2 min
Key Performance Indicators (KPI) to Monitor in Your Pharmacy Business
As a pharmacy business, there are several Key Performance Indicators (KPIs) that you should monitor to ensure that your business is...
130 views0 comments
RxConnexion
- Feb 22
- 2 min
7 Ways to Improve Pharmacy Profitability
Pharmacies are essential to the healthcare industry, but they can face challenges in terms of profitability. Here are some ways to...
43 views0 comments
RxConnexion
- Feb 18
- 3 min
Control Drug Inventory System - An Important Management Tool in a Pharmacy
Drug diversion is the illegal transfer of prescription drugs from legal sources to the illicit market. This can occur through a variety...
24 views0 comments
RxConnexion
- Feb 18
- 2 min
Ways to Improve Revenue, Reduce overhead and Increase cash flow in Independent Pharmacies
There are several strategies that an independent pharmacy can use to improve its revenues: Increase Prescription Volume: To increase...
6 views0 comments
RxConnexion
- Feb 18
- 2 min
Improving Pharmacy Revenue Utilizing Technology Based Services
Some community pharmacies are operating below average financial health in 2020. As states and local communities work to recover from the...
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RxConnexion
- Feb 18
- 2 min
Supply Chain Security for Control Drugs
Between the opioid crisis, the relaxation and over-scripting of prescription medications, and increased stress and burnout, drug...
38 views0 comments
RxConnexion
- Feb 18
- 1 min
Controlled Drug Diversion Risk Assessment
A comprehensive on-site review of your current processes is necessary to identify areas of risk. A comprehensive drug diversion...
17 views0 comments
RxConnexion
- Feb 16
- 2 min
Improve store traffic and revenue using medication savings cards
Medication savings cards are a form of discount card that can help patients save money on their prescription medications. These cards...
1 view0 comments
RxConnexion
- Feb 16
- 2 min
Ways to grow pharmacy business through data-driven technology
The pharmacy industry is increasingly becoming data-driven, and there are many ways that pharmacy businesses can leverage technology to...
31 views0 comments
RxConnexion
- Feb 16
- 2 min
Drug Diversion and the Implication on the Community Pharmacy
Drug diversion is a serious issue i n the field of pharmacy. It refers to the illicit transfer of prescription drugs from legitimate...
1 view0 comments
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