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

Send us Fan Mail If you’re thinking about expanding into compounding pharmacy services, you do NOT want to miss this episode.   When it comes to marketing a compounding pharmacy, it’s important to remember that most of the general public does not know what a compounding pharmacy is. This is why you need to educate your community on not only what you offer but also why what you offer is important....

Send us Fan Mail The supply of beds at skilled nursing facilities has dropped dramatically which has increased the demand for long-term care at home services.   This has created a lot of opportunities for independent pharmacies to offer a higher level of service to their community and get paid fairly for doing so!   In this episode of The Bottom Line Pharmacy Podcast, we sit down with Lindsay – Dy...

Send us Fan Mail In today's independent pharmacy landscape, it’s crucial that you go beyond filling scripts. Your pharmacy must become the healthcare hub of your community.   One of the best ways your pharmacy can become the healthcare hub is through community-based services such as at home care ! This helps your pharmacy stay proactive to what the community needs and keeps cash-flow positive...

Send us Fan Mail Are you aware of the new FinCEN guidelines for Beneficial Ownership Reporting ? If not, you should be! Independent pharmacies are right in the crosshairs of the new guidelines, and we want to keep you protected.   On this special episode of The Bottom Line Pharmacy Podcast , we sit down with Scott Burnett from Burnett & Associates to discuss beneficial ownership reporting, why...

Send us Fan Mail Many pharmacy owners have never explored their insurance options and as a result, are likely overpaying.   Only recently have other options become available for pharmacy owners, and these options could result in saving $15,000.   In this episode of The Bottom Line Pharmacy Podcast, we sit down with (tag) Steve Boone, Agent with Heartland Insurance Group to discuss how to keep your...

Send us Fan Mail Merry Christmas from Sykes & Company, P.A. !   With the New Year almost here, we want to say thank you for your service and all that you do for your community.  Our Christmas gift to you is a bonus year-end update episode! On this episode of the Bottom Line Pharmacy Podcast, we’re giving you updates on 2024 DIR fees, PTE Tax, big box chain closures, inflation, Scotty's ug...

Send us Fan Mail How can you diversify your revenue sources in your pharmacy? What is long-term care at home? How can you improve cash flow in your pharmacy?   The reality is, to succeed today as an independent pharmacy, you have to diversify your sources of revenue, especially with DIR fees as high as they are. Incorporating long-term care at home is one of the best ways to diversify your revenue...

Send us Fan Mail Have you explored the potential of what sales and marketing can do for your pharmacy?   Most independent pharmacies have a lot of data that they can use with sales and marketing to help grow their pharmacy. You can use this data to grow revenue streams that can help you minimize DIR fees, increase strategic partnerships, and overall help your patients!  These are the things that D...

Send us Fan Mail Are you looking for ways to diversify your pharmacy's revenue streams and get around high DIR fees?  Adding a compounding component to your pharmacy is one of the best ways to do just that! In this episode of the Sykes Bottom Line Pharmacy Podcast, we dive deep into the world of compounding by bringing you a two-episode mashup that features our conversation with Bryan Prescot...

Send us Fan Mail Are you looking to stay up to date on the latest trends in independent pharmacy ownership?   In this episode of The Sykes Bottom Line Pharmacy Podcast, we’re coming to you live from the NCPA conference for our first ever live podcast!   Sit down with Kendell Harris, Bonnie Bond, and Scotty Sykes as they cover new developments in pharmacy ownership from adding revenue streams with...

Send us Fan Mail In this episode of the Sykes the Bottom Line Pharmacy Podcast, we dive into the recent developments concerning the Employee Retention Credit (ERC). The IRS has ordered an immediate stop to new ERC processing due to a surge in questionable claims and concerns of tax professional's aggressive marketing. Learn how this affects your business and what steps you can take if you&apo...

Send us Fan Mail In this episode of Sykes The Bottom Line Pharmacy Podcast, Marvin Guardado, Senior Manager of Customer Enablement at Enliven Health, dives deep into the world of DIR fees and the DIR fee hangover. Discover how open enrollment can impact independent pharmacies and how they can maximize profitability while ensuring the best care for their patients.   Please like and subscribe and cl...

Send us Fan Mail Join us for an inspiring conversation with Allie and Callie, owners of The Pharmacy of Shannon Hills in Arkansas, as they share their incredible journey from pharmacy school to a successful independent pharmacy startup. Discover their do's and don'ts, the challenges they've overcome, and the importance of community engagement. Plus, learn how they've turned the...

Send us Fan Mail In this episode of The Bottom Line Pharmacy Podcast, hosts Scotty, Bonnie, and Kendell dive deep into the world of 340B with special guest Eric Fromhart from Aventi Health. Get the facts about 340B, covered entities, and independent pharmacies in this informative discussion and discover how Aventi Health is empowering independent pharmacies in the 340B program, ensuring their succ...

Send us Fan Mail In this episode of the Bottom Line Pharmacy Podcast, our hosts Scotty, Kendell, and Bonnie take you on a journey through the final leg of their tradeshow travels. Join them as they recount their experiences at Cardinal RBC in Boston, #ThoughSpot Amerisource 2023 in Vegas, travel bloopers, DIR fees, and insights into cash flow control. Please like and subscribe and click here to le...

Send us Fan Mail Join us as we share our experiences from recent tradeshows and dive into trending pharmacy topics. From DIR fees and ERTC updates to revenue diversification and cash flow management, we discuss real-world challenges and innovative solutions that pharmacy owners need to know.  Please like and subscribe and click here to learn more about our podcast team and previous episodes. https...

Send us Fan Mail In this episode of the Bottom Line Pharmacy Podcast delve into the world of 340B contracts with us and Amanda Gaddy from Secure340B. Discover the importance of transparency, knowing your numbers, and leveraging data-driven insights to determine the true impact of 340B programs on your pharmacy's financial health. Don't miss this informative conversation that can help you...

Send us Fan Mail Join us in this engaging discussion as we delve into the world of pharmacy advocacy and its impact on communities.    In this episode of The Bottom Line Pharmacy Podcast, we discuss the NCPA fly-in event, where independent pharmacy owners from across the nation gather in Washington, DC to advocate for independent pharmacies. Discover how these passionate professionals go above and...

Send us Fan Mail In this episode of The Bottom Line Pharmacy Podcast, join us as we sit down with Joshua Potter from PRS Consulting to discuss the Drug Supply Chain Security Act and its implications for independent pharmacies.  Uncover the critical aspects of the DSCSA and its impact on pharmacies in this eye-opening video. Gain insights into the regulatory requirements, traceability standards, an...

Send us Fan Mail In this episode of The Bottom Line Pharmacy Podcast, join us as we sit down with Arica Collins, PharmD, and Founder of RetailMyMeds.com, to delve into her industry innovation that empowers independent pharmacies. Discover how Arica's groundbreaking solution effectively utilizes a dashboard to outsource prescriptions, tackles profitability challenges in independent pharmacies,...

Send us Fan Mail The dream is possible with the right lender and a pharmacy CPA advisor. Our special guest with the pharmacy lending division of First Financial Bank, Drew Hagi, talks about interest rates, expansion loans and why you should diversify your services to bring in more cash.  About Sykes & Company, P.A. - https://www.sykes-cpa.com/

Send us Fan Mail Successful marketing for your independent pharmacy requires a handful of things: you need the right budget, a compelling message and you have to be willing to crank up that curb appeal. Tune in to the latest episode of The Bottom Line Pharmacy Podcast with special guest marketing consultant and former senior director of store operations and marketing for NCPA, Gabe Trahan. Hear hi...

Send us Fan Mail It is essential to protect the buyer during a stock purchase. Why? And, what is the difference between an asset purchase and a stock purchase? Jeffrey S. Baird, Esq., an attorney, and head of the healthcare group for Brown & Fortunato, P.C. takes us behind the curtain on the latest episode of The Bottom Line Pharmacy Podcast. About Sykes & Company, P.A. - https://www.sykes...

Send us Fan Mail What’s the inside scoop on bank loans for pharmacies; how can they help you expand your offerings to meet the demands of the future? And, what is the best way to apply for a loan? Greco De Valencia from Live Oak Bank shares his knowledge of pharmacy lending for this episode of The Bottom Line Pharmacy Podcast. About Sykes & Company, P.A. - https://www.sykes-cpa.com/

Send us Fan Mail Filling more scripts doesn’t always mean more profit, especially now with upcoming changes to DIR fees and PBM contracts. Navigate the future world of DIR fees for your pharmacy on this episode featuring DIR consultant Ben Jolley, PharmD at Jolley’s Compounding Pharmacy in Utah.  About Sykes & Company, P.A. - https://www.sykes-cpa.com/