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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.: 

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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