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

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

By: Sykes & Company P.A.
  • Summary

  • Welcome to the Bottom Line Pharmacy Podcast!

    On this show, we bring you valuable insights from pharmacists, key vendors and other innovators to bring you pharmacy CPA advice and fuel your bottom line.

    Subscribe wherever you listen to podcasts for the latest in independent pharmacy!

    © 2024 The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.
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Episodes
  • The Hidden Cost of Not Automating With Darin Gleason
    Jun 20 2024

    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:

    • What’s next for pharmacies after double DIR fees
    • Using automation to transition techs into profit centers for your pharmacy
    • The importance of analyzing your scripts

    And more!


    Schedule an Rx Assessment with us

    Did you like this episode? We share insights for Independent Pharmacy Owners every other Thursday. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.

    Click here for the transcript

    More about our guest:

    Darin Gleason is the National Sales Director for Retail and Chains with ScriptPro. He has 17 years of experience working with independent pharmacies and automation.

    In his 17 years of work with independent pharmacies, Darin has seen many changes including changes in Medicare Part D reimbursements, COVID, and DIR fees.

    ScriptPro is a pharmacy automation system that is built and installed to the custom specs of the pharmacy.

    Want to learn more about Darin and ScriptPro? Follow them on social media:

    Darin Gleason LinkedIn

    ScriptPro Facebook

    ScriptPro Twitter (X)

    ScriptPro LinkedIn

    ScriptPro Website

    ScriptPro YouTube

    Want to stay connected? Check out all of our social media:

    Sykes & Company P.A.:

    Facebook

    Twitter (X)

    LinkedIn

    Instagram

    YouTube

    CPA’s:

    Scotty Sykes – CPA, CFP LinkedIn

    Scotty Sykes – CPA, CFP Twitter

    Bonnie Bond – CPA LinkedIn

    Bonnie Bond – CPA Twitter

    More resources about this topic:

    Blog - Improving Profitability and Customer Service Levels Through AI

    Blog – Three Tips to Manage Payroll Expenses

    Blog – 5 Ways to Diversify Services in Your Pharmacy

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    43 mins
  • Navigating The Legal Maze of 503B Compounding
    Jun 6 2024

    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!

    Do you know where your pharmacy stands financially? Schedule an Rx Assessment with our team to learn more

    More about Dae Y. Lee and Frier Levitt:

    Dae Y. Lee, Pharm.D., Esq., CPBS is a pharmacist attorney in Frier Levitt’s Life Sciences Department. Dae’s practice focuses on pharmacy operations, Plan Sponsor operations and compliance, and Pharmacy Benefit Managers (PBMs) regulations. Dae co-chairs Plan Sponsor Practice Group with Frier Levitt co-founding partner, Jonathan E. Levitt, Esq. He advises clients in a wide range of matters including insurance and PBM audits and termination, wrongful recoupment, wrongful network exclusion, and governmental investigations. For Plan Sponsors, Dae provides full panoply of legal services ranging from PBM contract negotiations to contract disputes to enforce Plan Sponsor Agreement terms and conditions. In addition, Dae prosecutes reimbursement disputes on behalf of healthcare providers and facilities against health insurance companies. Dae has extensive experience litigating high profile commercial and personal injury cases.

    Did you like this episode? We share insights for Independent Pharmacy Owners every other Thursday. Stay up to date on new episodes by liking and subscribing! Click here to learn more about our podcast team and previous episodes.

    Click here for the transcript

    Learn more about Dae and Frier Levitt:

    Facebook
    Instagram
    LinkedIn
    Website
    YouTube
    Twitter (X)

    Stay connected with us:

    Facebook
    Twitter
    LinkedIn
    Instagram
    Spotify
    Apple Podcasts

    CPA’s:

    Scotty Sykes – CPA, CFP LinkedIn
    Scotty Sykes – CPA, CFP Twitter
    Bonnie Bond – CPA LinkedIn
    Bonnie Bond – CPA Twitter

    More resources about this topic:

    Podcast - Driving Independent Pharmacy Profitability in 2024

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    29 mins
  • Harnessing the Power of Pharmacy Differentiation Featuring Greco De Valencia and Ripal Patel
    May 30 2024

    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 Patel, Independent Pharmacy Manager and Founder of SaveonRx, Bonnie Bond, CPA, and special guest, Austin Murray with Sykes & Company, P.A. Share insights into how a discount card program can increase gross profits per script, how to market it, and its impact on valuations.

    Know where your pharmacy stands financially, click here to schedule an Rx Assessment.

    More About Our Guest:

    Ripal Patel is a former independent pharmacy owner, and now the founder of SaveonRx a discount card program that helps patients save money on prescription drug cost while at the same time allowing the pharmacy to increase its gross margin and differentiate itself from other pharmacies.

    Want to learn more about Ripal Patel, Greco De Valencia, and SaveonRx? Click below to check them out!

    Greco De Valencia LinkedIn: https://www.linkedin.com/in/grecodevalencia/

    Ripal Patel LinkedIn: https://www.linkedin.com/in/ripal-patel-226b1517/

    Save on Rx Website: https://www.saveonrx.net/saveonrx

    Save on Rx Facebook: https://www.facebook.com/SaveOnRx1

    Save on Rx LinkedIn: https://www.linkedin.com/company/saveonrx/

    Learn more about our podcast team and previous episodes.

    Stay connected with us. Check out all our social media:

    Sykes & Company P.A.:

    Facebook
    Twitter
    LinkedIn
    YouTube
    Instagram

    CPA’s:

    Scotty Sykes – CPA, CFP LinkedIn

    Scotty Sykes – CPA, CFP Twitter

    Bonnie Bond – CPA LinkedIn

    Bonnie Bond – CPA Twitter

    Austin Murray – Sykes & Company, P.A.

    More resources on this topic:

    Blog – How to Consistently Improve Gross Margins

    Video – Gross Margin Expansion Ideas Updated

    Show more Show less
    39 mins

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