46 episodes

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! 

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

    • Business
    • 5.0 • 4 Ratings

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! 

    The Complex World of Pharmacy Reimbursement and Negotiation Strategies With Frier Levitt

    The Complex World of Pharmacy Reimbursement and Negotiation Strategies With Frier Levitt

    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 L. Bennet, Esq. with Frier Levitt to make sense of everything related to pharmacy reimbursement rates, negotiation strategies, understanding contracts with your PBMs, and more!


    Want to read and follow along with this episode? Click below for the transcript:


    https://www.sykes-cpa.com/the-bottom-line-pharmacy-podcast-the-complex-world-of-pharmacy-reimbursement-rates-and-negotiation-strategies-with-frier-levitt-attorneys-at-law/


    More About Our Guests:


    Established in 2000, Frier Levitt is a national boutique law firm focused exclusively on Healthcare and Life Sciences including community retail pharmacies, chain pharmacies, compounding pharmacies, specialty pharmacies, mail order pharmacies, home infusion providers, and dispensing physician practices nationally on issues with payors and Pharmacy Benefit Managers (PBMs), including PBM audit appeals, network terminations, network access and credentialing applications, and reimbursement issues.


    Want to learn more about Frier Levitt? Check out their links below:


    Frier Levitt Facebook


    Frier Levitt Instagram


    Frier Levitt YouTube


    Frier Levitt Twitter (X)


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

    Sykes & Company P.A.:

    Facebook

    Twitter (X)

    LinkedIn

    Instagram
     
    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:


    Article - PBM Rate Reimbursements: https://www.sykes-cpa.com/states-gain-power-to-regulate-pbm-rate-reimbursements-supporting-independent-pharmacies/


    Video Blog - Reimbursement Trends and Tools: https://www.sykes-cpa.com/reimbursement-trends-and-tools-available-to-independent-pharmacies/


    Article – Top Legal Issues Impacting Your Pharmacy: https://www.sykes-cpa.com/top-legal-issues-impacting-your-pharmacy/


    Article – Working With, Not Against PBMs: https://www.sykes-cpa.com/working-with-not-against-pbms/

    • 40 min
    Practicing to the Fullest Extent of Your License With Ashley Moose

    Practicing to the Fullest Extent of Your License With Ashley Moose

    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 opportunities, and more! 


    Want to read and follow along with this episode? Click here for the transcript:  


    https://www.sykes-cpa.com/practicing-to-the-fullest-extent-of-your-license-featuring-ashley-moose/


    More About Our Guest:  


    CPESN is America’s first clinically integrated network pharmacy providers for services that exceed filling prescriptions including long-term care, physiatry collaborative, medical billing, and more! 


    Ashley Moose received her bachelor’s degree from the University of Kentucky and her Doctor of Pharmacy degree from Campbell University. She completed a Community Pharmacy Residency and a Postgraduate Year 2 Community Pharmacy Residency with the University of North Carolina Eshelman School of Pharmacy and Moose Pharmacy. 


    During her career, she has worked tirelessly to advance the practice of independent community pharmacists and help educate young pharmacists. Ashley is the Pharmacy Manager/Co-Owner at Moose Pharmacy of Monroe and is co-owner of Moose Pharmacy of Mount Holly. She also serves as the Director of Network Development for CPESN USA. She works directly with community pharmacists to develop and launch clinically integrated networks of high-performing community-based pharmacies. 


    Want to learn more about Ashley Moose and CPESN? Click their links below: 


    Ashley Moose LinkedIn 
    CPESN Website 
    CPESN LinkedIn 
    CPESN Facebook 
    CPESN Instagram 
    CPESN Twitter (X) 


    Want to stay connected with us? Check out all of our social media:  
    Sykes & Company P.A.:  


    Facebook

    Twitter (X)

    LinkedIn

    Instagram


    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:  


    Article – 5 Ways to Diversify Services in Your Pharmacy 
    Podcast – Embracing Long-term Care at Home Pharmacy Ownership:  
    Podcast – Improving Bottom Line and Cash Flow with Long-term Care at Home Pharmacy 

    • 30 min
    ERTC Update: Incorrect Claims, New Tax Bill, and More!

    ERTC Update: Incorrect Claims, New Tax Bill, and More!

    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 pharmacies, changes in 1099s, and more! 

    Want to read and follow along with this episode? Click here for the transcript.

    Check out all of our social media and stay connected with us:  

    Sykes & Company P.A.:  
    Facebook

    Twitter (X)

    LinkedIn

    Instagram 
     
    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:  


    ERTC Due diligence: https://www.sykes-cpa.com/ertc-due-diligence-the-bottom-line-pharmacy-podcast/ 

    ERTC for Startups: https://www.sykes-cpa.com/employee-retention-tax-credit-for-startup-pharmacies/ 

    IRS 7 ERTC Warning Signs: https://www.irs.gov/newsroom/irs-shares-7-warning-signs-employee-retention-credit-claims-may-be-incorrect-urges-businesses-to-revisit-eligibility-resolve-issues-now-before-march-22#:~:text=Here%20are%20some%20of%20the,sign%20of%20an%20incorrect%20claim. 

    R&D Tax Information for Compounding Pharmacies: https://www.sykes-cpa.com/rd-tax-credit-opportunities-for-pharmacy-compounding-services/ 

    • 24 min
    Maximizing Your Online Presence With Mandy Mahoney

    Maximizing Your Online Presence With Mandy Mahoney

    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.  

    On this episode of The Bottom Line Pharmacy Podcast, we sit down with Mandy Mahoney from Storey Marketing to discuss strategies for compounding pharmacies, digital marketing fundamentals, and more!   

    Want to read and follow along with this episode? Click below for the transcript:  

    https://www.sykes-cpa.com/the-bottom-line-pharmacy-podcast-maximizing-your-online-presence/


    More about our guest:  

    Mandy Mahoney is the owner of Storey Marketing, a full-service marketing firm founded in 1993 by pharmacist Patricia Storey, R.Ph. Storey Marketing began as a weekly newsletter called “Newspaper Health Columns” which over the years, expanded to offer a suite of services ranging from digital marketing to print marketing. Storey Marketing specializes in website design that follows HIPPA compliance, ADA Accessibility, and GDPR Regulations for compounding pharmacies, independent pharmacies and functional medicine practitioners.  

    Want to learn more about Mandy and Storey Marketing? Click the links below:  

    Mandy Mahoney's LinkedIn

    Storey Marketing Website

    Storey Marketing LinkedIn

    Storey Marketing Facebook

    Storey Marketing Twitter (X)

    Storey Marketing Instagram

    Want to stay connected with us? Check out all of our social media:  
     
    Sykes & Company P.A.:  

    Facebook

    Twitter (X)

    LinkedIn

    Instagram 
     
    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:  

    The Business of Compounding with Bryan Prescott 

    Marketing for Pharmacies 

    Pharmacy Marketing Fundamentals 

    • 34 min
    Embracing Long-term Care at Home Pharmacy Ownership with Lindsay Dymowski - Constantino

    Embracing Long-term Care at Home Pharmacy Ownership with Lindsay Dymowski - Constantino

    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 – Dymowski Constantino to discuss embracing long-term care at home pharmacy ownership, why you’re probably already servicing long-term care patients already, The Long-term Care at Home Pharmacy Network, and more! 


    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.  


    Want to read and follow along with this episode? Click below for the transcript: 


    More about our guest:  


    Who is Lindsay Dymowski – Constantino? Linday – Dymowski Constantino comes to us with over 2 decades of independent pharmacy experience both working behind the bench and volunteering. She is the Cofounder and President of the Long-Term Care at Home Network a centralized hub for all things long-term care at home. They provide independent retail pharmacies with tools and resources such as billing procedures, identification tools, compliance documentation, and more! 


    Want to learn more about Lindsay and the Long-Term Care at Home Network? Click the links below:  


    Lindsay's LinkedIn


    Centennial Pharmacy Services 


    Long-term Care at Home Pharmacy Network Website 


    Long-term Care at Home Pharmacy Network LinkedIn 


    Long-term Care at Home Pharmacy Network Facebook 


    Long-term Care at Home Pharmacy Network YouTube 


    Long-term Care at Home Pharmacy Network Twitter (X) 


    Long-term Care at Home Pharmacy Network Instagram 
     
    Want to stay connected with us? Check out all of our social media:  


    Sykes & Company P.A.:  


    Facebook

    Twitter (X)

    LinkedIn 
    Instagram 
     
    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:  


    Long-term Care at Home Franchise Option 

    • 38 min
    Going the Extra Mile with Long-Term Care with Debbie Marcello

    Going the Extra Mile with Long-Term Care with Debbie Marcello

    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.  
    In today’s episode of The Bottom Line Pharmacy Podcast, we take you beyond prescriptions and sit down with Debbie Marcello to discuss Happier at Home, cash-based revenue sources, and more! 
    If you want to read and follow along, click here for the transcript (transcript link) 
    More about our guest:   
    Debbie Marcello, RN is a Registered Nurse and the CEO of Happier at Home a home health service that has flipped the script on the traditional home health care model by putting clients at the forefront and simultaneously giving independent pharmacies options to diversify revenue, elevate patient care, and ultimately become the healthcare hub of their community. 
    Want to learn more about Debbie Marcello and Happier at Home? Click the links below:  
    Happier at Home Website 
    Happier at Home LinkedIn  
    Happier at Home Facebook 
    Happier at Home Instagram 
    Happier at Home Twitter (X) 
    Happier at Home YouTube 
    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.
    Want to stay connected? Check out all of our social media:  
    Sykes & Company P.A.:  
    Facebook
    Twitter
    LinkedIn
    Instagram
    YouTube   
    CPA’s: 
    Scotty Sykes – CPA, CFP LinkedIn
    Scotty Sykes – CPA, CFP Twitter
    Bonnie Bond – CPA LinkedIn
    Bonnie Bond – CPA Twitter  
    Want to read more on diversifying revenue and similar topics? Click below for more resources:   
    How to consistently improve gross margins 
    5 Ways to Diversify Services in your Pharmacy 

    • 26 min

Customer Reviews

5.0 out of 5
4 Ratings

4 Ratings

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