By Sykes & Company, P.A.
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 y
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The podcast currently has 70 episodes available.
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Curious about your cash flow in the midst of chain closures? Schedule an Rx Assessment with us
With Walgreens planning to close 25% of its locations over the next 3 years, many independent pharmacies will face significant cash flow challenges from underwater scripts leaving and then coming back to new scripts transferring.
In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP and Bonnie Bond, CPA join Greco De Valencia Y Sanchez as they explore:
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Stay connected with Greco and Live Oak Bank:
Greco’s LinkedIn
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Live Oak Bank Twitter (X)
Live Oak Bank Facebook
Live Oak Bank Instagram
Live Oak Bank LinkedIn
Live Oak Bank Website
Live Oak Bank YouTube
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Scotty Sykes – CPA, CFP LinkedIn
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Bonnie Bond – CPA LinkedIn
Bonnie Bond – CPA Twitter
More resources about this topic:
Blog – Pharmacy Lending: The Inside Scoop
Blog – Expanding Your Pharmacy Business Market Share
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Fixed Assets...what are they and what are the best practices you need to implement in your pharmacy?
In this episode of Master The Margin, Scotty Sykes, CPA, CFP® and Kathy Blanchard, Senior Pharmacy Accountant dive into the essentials of fixed assets.
Tune in to learn more about:
Unsure if the assets in your pharmacy are categorized correctly? Is your pharmacy following the best practices when it comes to depreciation schedules? Schedule an Rx Assessment with us to find out!
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Read and follow along with this episode at the show transcript
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More resources about this topic:
Resource – The Changing Pharmacy Dynamics
Blog – Tax Smart Depreciation on Pharmacy Buildings and Equipment
Blog – Tax Planning for Equipment Investment Using Section 179
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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.
He shares insights into:
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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:
https://www.sykes-cpa.com/developing-a-weight-loss-program-with-glp-1s-in-your-pharmacy/
More about our guest:
T.W. Taylor, R.Ph., is the Owner of Williamsburg Drug Co. and a visionary and fearless leader in the pharmacy industry with over 41 years of experience. A graduate of Mercer University Southern School of Pharmacy, where he earned his Bachelor of Science in Pharmacy in May 1982, T.W. has a rich history of pharmacy ownership and operations. T.W. is also the Partner & Managing Director of RX3 Compounding Pharmacy and RX Care USA LLC.
His career began in the United States Air Force as a Corpsman and Physician Extender with the rank of Sergeant, where he graduated with honors in 1973. Over the years, T.W. has been recognized for his contributions to healthcare and business, winning the 2022 Small Business of the Year award from the Greater Williamsburg Chamber & Tourism Alliance, and Medical Business of the Year. He has received proclamations from the York County Board of Supervisors and letters of appreciation from Senator Warner, Congressman Whitman, and Congressman Luria.
Stay connected with T.W. Taylor and Williamsburg Drug Co.:
T.W. Taylor LinkedIn
Williamsburg Drug Co. Website
Williamsburg Drug Co. Instagram
Williamsburg Drug Co. LinkedIn
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CPA’s:
Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
Bonnie Bond – CPA LinkedIn
Bonnie Bond – CPA Twitter
More resources on this topic:
Resource - How to Develop a Weight Loss Program Using GLP-1s in Your Pharmacy
Podcast – Tradeshow Series | Live at McKesson
Podcast – Tradeshow Series | RBC and Amerisource Rec
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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 most out of Medsync, improving pharmacy workflow, and revenue opportunities in their pharmacy.
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.
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More About Weston Humphrey's:
Weston began his career in independent pharmacy in 2013 working as a pharmacy technician with the Tyson Drug stores throughout high school and college. Upon completing a B.B.A. with the University of Mississippi, he began a full-time position with the Tyson Drug Stores where he now works as the Chief Operations Officer and Marketing Manager for its three locations and the Operations Manager for its Oxford location, G&M Pharmacy. His primary roles now include developing and implementing company-wide projects, overseeing daily operations, and overseeing all social media, online presence, website maintenance, advertising, and physician outreach in the area.
Weston Humphreys LinkedIn
Tyson Drugs Website
Tyson Drugs Facebook
Tyson Drugs LinkedIn
Tyson Drugs Instagram
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CPA’s:
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More resources about this topic:
Video - Multiple Stores and Real Estate Ownership
Podcast – Practicing to the Fullest Extent of Your License
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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:
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Want to read and follow along with this episode? Click here for the transcript
More about our guest:
Bradley W. Howard is a health care attorney with extensive experience representing pharmacies, durable medical equipment providers, hospitals, and many other health care providers with compliance, enforcement, and litigation matters throughout the country. Brad moved to Brown & Fortunato more than twenty-six years ago from a large Denver firm where he prepared and tried numerous lawsuits and administrative hearings for manufacturers, health care providers, and large companies in a variety of industries.
Brad enjoys working with pharmacies and other health care providers on regulatory and contractual compliance matters, payer and PBM audits and appeals, governmental demands and requests, responses to subpoenas and demand letters, and business disputes including litigation. Brad routinely handles health care investigations by the Department of Justice, HHS OIG, various boards of pharmacy, State Attorneys General, the Department of Defense, and other regulators. Brad is also board certified in Labor and Employment Law by the Texas Board of Legal Specialization. In summary, Brad serves as a creative and strategic legal problem solver and is regarded by many clients as their outside General Counsel.
Brad grew up in Texas and considers it home, but he works with clients throughout the country in person and on video conferences. Brad graduated from the University of Texas School of Law in 1991 and received his B.A. from Texas Tech University in 1988, graduating summa cum laude. Brad is admitted to practice law in Texas, Colorado, New Mexico, Oklahoma, and Iowa.
Brad and his wife, Nicole, have four children and four grandchildren. Brad enjoys running, fly-fishing and most of all spending time with his family.
Stay connected with Brad Howard, Esq. and Brown & Fortunato:
Brown & Fortunato LinkedIn
Brown & Fortunato Website
Brown & Fortunato Facebook
Stay connected with us on social media:
Twitter (X)
YouTube
CPA’s:
Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
More resources about this topic:
Blog – Working With, Not Against, PBMs
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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!
Join the discussion with us.
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Click below to learn more about our podcast team and previous episodes: https://www.sykes-cpa.com/media-resources/the-bottom-line-pharmacy-podcast/
Want to stay connected? Check out all of our social media:
Sykes & Company P.A.:
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CPA’s:
Scotty Sykes – CPA, CFP LinkedIn
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Bonnie Bond – CPA LinkedIn
Bonnie Bond – CPA Twitter
More resources about this topic:
Video – GLP Compounding Deep Dive
Video – Pharmacies Launching Their Own Insurance Agencies
Podcast – Master the Margin
Podcast – Navigating GLP and Other Pharmacy Opportunities
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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, CPA, CFP®, and Kathy Blanchard, Senior Pharmacy Accountant explore:
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Did you like this episode? Stay up to date on new episodes by liking and subscribing!
Read and follow along with this episode at the show transcript
Stay connected with us on social media:
Sykes & Company P.A.:
Twitter (X)
YouTube
Hosts
Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
More resources about this topic:
Podcast – Independent Pharmacy Accounting Fundamentals
Blog – Fundamentals of Pharmacy Accounting
Presentation – Fundamentals of Pharmacy Accounting: Navigating 2024 and Beyond
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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.:
Tune in to this packed episode with actionable insights and advice to help you build a high-performing pharmacy team!
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Click here to learn more about our podcast team and previous episodes.
Click here to read and follow along with transcript
More about our guest:
Tyler Davis is the Director of People Operations for Sykes & Company, P.A.
As the Director of People Operations at Sykes & Company, P.A., Tyler oversees the human resources functions. He is responsible for developing and implementing HR strategies, policies, and programs that align with the company's vision, mission, and goals.
Adding to his 10+ years of comprehensive experience in the HR field, Tyler holds a certification in Human Resources Management from Pitt Community College.
Tyler’s core competencies include HR service center implementation, team member benefit administration, HR project management, and talent acquisition.
Tyler has successfully led and supported multiple HR initiatives and projects that improved the efficiency, effectiveness, and quality of HR services and processes. He has also recruited and trained diverse and talented professionals for various roles and levels within the health and accounting sectors.
Tyler is passionate about building and fostering a positive, inclusive, and collaborative work culture that empowers and motivates employees to achieve their full potential.
Want to learn more about Tyler Davis and stay connected with them? Check out their social media below:
Tyler Davis LinkedIn
Sykes & Company, P.A. Website
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Sykes & Company, P.A. LinkedIn
Sykes & Company, P.A. YouTube
Sykes & Company, P.A. Instagram
CPA’s:
Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
Bonnie Bond – CPA LinkedIn
Bonnie Bond – CPA Twitter
More resources on this topic:
Blog – Best Practices for Pharmacists’ Compensation
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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:
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Click here to learn more about our podcast team and previous episodes.
Read and follow along with this episode by clicking here
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More about our guest:
Dared Price is the owner of 7 independent community pharmacy locations in South Central Kansas, Graves Drugs and the Damm Pharmacies. He serves on the board of directors for the National Community Pharmacy Association and is the immediate past president of the Kansas Pharmacist Association. Price is also co-owner of Oread Rx, a transparent, pass through pharmacy benefit company.
Stay connected with Dared Price and OreadRx:
Dared Price LinkedIn
OreadRx Website
OreadRx Facebook
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Sykes & Company P.A.:
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CPA’s:
Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
More resources about this topic:
Podcast – Navigating Pharmacy Reimbursements and Negotiation Strategies
Podcast – Finishing the Fight: What’s Next for Independent Pharmacy
Podcast – The State of PBM Reform
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🎉 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:
Join the Discussion with Ollin Sykes, Bonnie Bond, and Doug Hoey!
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Read and follow along with this episode by clicking here for the transcript.
More about our guest:
Douglas Hoey is the Chief Executive Officer of the National Community Pharmacists Association. NCPA represents the owners of nearly 20,000 pharmacy small businesses who’s pharmacists provide prescription dispensing services and help fill primary care gaps. The majority of these pharmacies are located in areas the CDC ranks as “high” or “very high” on the Socially Vulnerable Index. Consumers consistently rank community pharmacies as the top-rated pharmacies in the country.
Hoey is a licensed pharmacist in Oklahoma, Virginia, and Texas and practiced in community pharmacies including his family’s pharmacy before coming to NCPA. He is widely quoted by media as an industry expert on community pharmacy payment and practice issues. Hoey also developed and taught pharmacology courses at George Washington and Marymount universities.
He is President of the World Pharmacy Council, co-Chairman of the Board of Directors for Surescripts, Chairman of the NCPA Innovation Center, and co-Chairman of the CPESN-USA Board.
Want to learn more about Doug Hoey the NCPA and stay connected with them? Check out their social media below:
Doug Hoey LinkedIn
Doug Hoey Twitter (X)
NCPA Website
NCPA Facebook
NCPA Twitter (X)
NCPA LinkedIn
NCPA Instagram
Stay connected with us on 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
More resources about this topic:
Press Release – Sykes & Company, P.A. Joins NCPA’s CORE Program
Webinar – Finish the Fight
Blog – Top 3 Independent Pharmacy Tips
The podcast currently has 70 episodes available.
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