The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.

Send us Fan Mail Compounded GLP-1s is One of the hottest trends in pharmacy right now and one of the best ways you can take advantage of this opportunity is by implementing a weight loss program in your pharmacy! In this episode of The Bottom Line Pharmacy Podcast, T.W. Taylor, Owner and Pharmacist of Williamsburg Drug Co. discusses how to develop a weight loss program with GLP-1s in a pharmacy. H...

Send us Fan Mail Schedule an Rx Assessment Cash flow is the name of the game right now in pharmacy and one of the best ways to improve cash flow and enhance pharmacy workflow is with MedSync! In this episode of The Bottom Line Pharmacy Podcast , Scotty Sykes, CPA, CFP and Bonnie Bond, CPA sit down with Weston Humphreys, COO and Marketing Manager with Tyson Drugs to go in-depth into getting the mos...

Send us Fan Mail Fraud, waste, and abuse audits are becoming more common in the pharmacy industry, and pharmacies need to be prepared to protect themselves.   In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes sits down with Brad Howard, Esq. With Brown & Fortunato to discuss:   Tips for protecting your pharmacy from these audits  What these Fraud, Waste and Abuse Audits are  Re...

Send us Fan Mail Catch up on the latest in independent pharmacy in this episode of The Bottom Line Pharmacy Podcast where we share our recap of the 2024 tradeshow circuit.   We share our experience at McKesson, RBC, and ThoughtSpot. We also talk about the opportunities pharmacies have in areas such as GLP compounding, the buying and selling market, pharmacies starting their own insurance, and more...

Send us Fan Mail The Balance Sheet: A Snapshot in Time in how your pharmacy is financially from an asset, liability, and equity perspective. In this episode of Master The Margin, Scotty Sykes, CPA CFP® and Kathy Blanchard, Senior Pharmacy Accountant build on the foundational principles (fundamental accounting) discussed in their inaugural episode by exploring the balance sheet! Join Scotty Sykes,...

Send us Fan Mail Looking to find, hire, and keep the best in your pharmacy? Tune in to this episode of the Bottom Line Pharmacy Podcast with Sykes & Company, P.A.’s very own Director of People Operations, Tyler Davis! This episode dives deep into.: The changing hiring dynamics Things to consider before hiring techs Tips to retain talent on your team How A.I. is helping streamline the hiring pr...

Send us Fan Mail In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP and Austin Murray with Sykes & Company are talking about all things PBM related with Dared Price from OreadRx.   Join us as we discuss the:   Urgent need for transparency and reform in the industry  Intricate world of Pharmacy Benefit Managers (PBMs)  OreadRx self-sufficient and transparent PBM model  ...

Send us Fan Mail 🎉 It’s episode 50 which means it’s time to celebrate a milestone! 🎉 In this milestone episode, Ollin Sykes, CPA, CMA, CITP and Bonnie Bond, CPA are thrilled to sit down with the esteemed Doug Hoey, CEO of the National Community Pharmacists Association (NCPA) . This episode is packed with updates and insights into: Payment Reform Finish the Fight Campaign Advice for Independent P...

Send us Fan Mail In this special episode of our tradeshow series, we come to you from 2024 McKesson IdeaShare!   Scotty Sykes, CPA, CFP and Kathy Blanchard, Senior Pharmacy Accountant share trends, insights from t heir talk at the Deep Dive Labs , and we also bring on Nicolette Mathey, PharmD to do a deep dive into the GLP compounding opportunity for independent pharmacies.  Schedule an Rx Assessm...

Send us Fan Mail Welcome to the inaugural episode of our newest series Master the Margin with Scotty Sykes, CPA, CFP , and Kathy Blanchard, Senior Pharmacy Accountant   This series is all about diving deep into accounting and tax topics for independent pharmacy owners.  In this episode, we’re starting with the basics...fundamental accounting.   We share insights into:   How to tackle common accoun...

Send us Fan Mail Schedule an Rx Assessment: https://www.sykes-cpa.com/rx-assessment-service/   PBM reform is getting the most attention it's ever received both from independent and community pharmacies that see the impacts on their reimbursements and with consumers that notice the impacts in their drug costs. In this episode of The Bottom Line Pharmacy Podcast, we sit down with Pharmacist and...

Send us Fan Mail No matter where you are in your ownership journey, it’s always a good idea to go to back to basics. This is exactly what the CORE Program from The National Community Pharmacists Association help you as a pharmacy owner do! In this episode of The Bottom Line Pharmacy Podcast, we sit down with Pharmacy Owner and Lawyer Scott Pace as he dives deep into getting back to the basics in y...

Send us Fan Mail With double DIR fees ending, it’s a great time to implement automation in your pharmacy.   Whether your goal is to increase script volume or optimize payroll the opportunities that come with automation are fruitful.   In this episode of The Bottom Line Pharmacy Podcast, Darin Gleason, National Sales Director for Retail and Chains with ScriptPro joins us to share his insights on:  ...

Send us Fan Mail In this episode of The Bottom Line Pharmacy Podcast, we explore the world of 503B and 503A pharmacies! We sit down with Dae Y. Lee, PharmD, Esq., CPBS and Partner at Frier Levitt to discuss the latest regulations, compliance requirements, and best practices for both 503B outsourcing facilities and 503A compounding pharmacies, trends in PBM audits, marketing semiglutides, and more!...

Send us Fan Mail One of the ways many independent pharmacies are differentiating themselves is by implementing prescription discount card programs.   Under the right circumstances, this can mean significant savings to the patient and an increase in gross margins for the pharmacy.   In this episode of The Bottom Line Pharmacy Podcast, Greco De Valencia, Senior Loan Officer with Live Oak Bank, Ripal...

Send us Fan Mail The independent pharmacy of today is sitting on lots of data and opportunity to expand into areas of healthcare that can help your pharmacy become the healthcare center in your community. But as a pharmacy owner, how do you know what to do with all the data available to you? In this week's episode of the Bottom Line Pharmacy Podcast, Nicolette Mathey from Atrium24 shares her...

Send us Fan Mail Data from the NCPA shows that there are over 17,000 health care facilities that are eligible to participate in 340B programs, with many of these facilities being located in rural America. This can give your pharmacy a competitive advantage and make your pharmacy the healthcare hub of your community by providing care to an underserved patient population. But how do you know if this...

Send us Fan Mail Reimbursement changes have sparked updates to KPIs and financial benchmarks for independent pharmacies. In addition to reimbursement changes we’re also seeing pharmacies find more opportunities to add diversified revenue sources such as long-term care and compounding. On this special bonus episode of The Bottom Line Pharmacy Podcast , Scotty Sykes, CPA, CFP sits down with POA Exec...

Send us Fan Mail If you saw every bottle or capsule on your shelf as a $100 bill, you might be trying to find ways to get that money into your bank account, especially in the cash flow crunch that pharmacies are facing now. This is exactly what perpetual inventory from Inventory IQ allows you to do. In this episode of The Bottom Line Pharmacy Podcast, we share insights to help you keep cash in you...

Send us Fan Mail While the path to multi-store ownership may look different for everyone, the principles remain the same. From his first location in 2011 to over 20 stores in 2024, Hashim Zaibak’s rule for managing multiple stores has remained the same - “I take care of the people who are going to take care of the people who are going to take care of the customers” On this episode of The Bottom Li...

Send us Fan Mail From DIR fees to current PSAO behavior, dive deep into independent pharmacy accounting on this bonus episode featuring Scotty Sykes, CPA, CFP's appearance on The Catalyst Pharmacy Podcast.  Want to watch the full episode? Click here.   More About the Catalyst Pharmacy Podcast:   Presented by PioneerRx, the Catalyst podcast dives into current events that are shaping how pharma...

Send us Fan Mail One of biggest pain points pharmacists face is patients taking their medications regularly.  One of the innovative ways to help serve the need for patients to take their meds more consistently is through Strip Packaging with RXSafe !   On this episode of The Bottom Line Pharmacy Podcast, we sit down with William Holmes, the Founder of RxSafe and Matt Gilbert, the VP of Business Tr...

Send us Fan Mail The sunsetting of DIR fees has brought about several changes to the percentages that payers have made up for different pharmacies. In some cases, you have the same payer and the same drug reimbursement with different rates at different times for different patients. On this special bonus episode of The Bottom Line Pharmacy Podcast, we sit down with Jesse C. Dresser, Esq. and Steven...

Send us Fan Mail As independent pharmacy continues to evolve, it's more important now than ever to diversify your services and be the healthcare hub of your community.   On this episode of The Bottom Line Pharmacy Podcast, we sit down with Ashley Moose from Moose Pharmacy and CPESN to discuss clinical services such as long-term care, pharmacy integrated networks, cash-based revenue opportunit...

Send us Fan Mail The IRS continues to crack down on incorrect ERTC claims and recently released an update shining a light on 7 warning signs of incorrect claims .  On this special bonus episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP and Bonnie Bond, CPA bring you tax updates that matter for your pharmacy including updates on ERTC, a new tax bill that may affect compounding pha...