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

By Sykes & Company, P.A.

What's The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. about?

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. 

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

06.27.2024
Getting to the CORE of Your Pharmacy with Scott Pace
No matter where you are in your ownership journey, it’s always a good idea to go to back to basics. This is exactly what the CORE Program from The National Community Pharmacists Association help you as a pharmacy owner do!...
06.20.2024
The Hidden Cost of Not Automating With Darin Gleason
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...
06.06.2024
Navigating The Legal Maze of 503B Compounding
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,...
05.30.2024
Harnessing the Power of Pharmacy Differentiation Featuring Greco De Valencia and Ripal Patel
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...
05.16.2024
Driving Independent Pharmacy Profitability In 2024 With Nicolette Mathey
The independent pharmacy of today is sitting on lots of data and opportunity to expand into areas of healthcare that can help your pharmacy become the healthcare center in your community. But as a pharmacy owner, how do you know...
05.09.2024
Overcoming Challenges with 340B Contracts Featuring Amanda Gaddy
Data from the NCPA shows that there are over 17,000 health care facilities that are eligible to participate in 340B programs, with many of these facilities being located in rural America. This can give your pharmacy a competitive advantage and...
05.04.2024
Bonus Episode: Reimbursement Changes, Diversified Revenue, and More! | Special Appearance with the Pharmacy Owners Alliance
Reimbursement changes have sparked updates to KPIs and financial benchmarks for independent pharmacies. In addition to reimbursement changes we’re also seeing pharmacies find more opportunities to add diversified revenue sources such as long-term care and compounding. On this special bonus...
05.02.2024
Improving Cash Flow with Inventory Management with Jared Barton
If you saw every bottle or capsule on your shelf as a $100 bill, you might be trying to find ways to get that money into your bank account, especially in the cash flow crunch that pharmacies are facing now....
04.18.2024
From Zero to Community Pharmacy Hero With Hashim Zaibak
While the path to multi-store ownership may look different for everyone, the principles remain the same. From his first location in 2011 to over 20 stores in 2024, Hashim Zaibak’s rule for managing multiple stores has remained the same -...
04.04.2024
Bonus Episode: Appearance on The Catalyst Pharmacy Podcast: Tackle Pharmacy Accounting
From DIR fees to current PSAO behavior, dive deep into independent pharmacy accounting on this bonus episode featuring Scotty Sykes, CPA, CFP's appearance on The Catalyst Pharmacy Podcast. Want to watch the full episode? Click here. More About the Catalyst...
03.28.2024
Transforming Your Pharmacy: Supplements, Strip Packaging, and PBM Reform Featuring Bill Holmes and Matt Gilbert from RxSafe
One of biggest pain points pharmacists face is patients taking their medications regularly. One of the innovative ways to help serve the need for patients to take their meds more consistently is through Strip Packaging with RXSafe! On this...
03.08.2024
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...
02.29.2024
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...
02.22.2024
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...
02.15.2024
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...
02.01.2024
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...
01.25.2024
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...
01.17.2024
Urgent Update: Understanding FinCEN Reporting with Scott Burnett
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...
01.04.2024
Keeping Your Pharmacy Insured Featuring Steve Boone
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...
12.22.2023
Year-End Update: DIR Fees, PTE Tax, and Christmas!
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...
12.21.2023
Improving Cash Flow with Long-Term Care at Home featuring Paul Shelton
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...
12.07.2023
Making Data Work for Your Pharmacy Featuring Nicolette Mathey
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...
11.23.2023
The Business of Compounding and Live at the PCCA Conference Featuring Bryan Prescott
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...
11.09.2023
Trends in Independent Pharmacy Ownership - Live from NCPA 2023
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...
10.27.2023
Understanding the IRS's Freeze on Employee Retention Credit - Bottom Line Pharmacy Podcast Update
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...
10.11.2023
The Intersection of DIR Fees and Open Enrollment for Independent Pharmacies
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...
09.27.2023
From Startup to Success: The Pharmacy of Shannon Hills Story
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...
09.13.2023
Elevating Patient Care through 340B Partnerships ft. Eric Fromhart
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...
08.31.2023
Let’s Chat pt.2: RBC Cardinal Health, ThoughtSpot 2023, DIR Fees, and ERTC
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,...
08.17.2023
Let’s Chat- Tradeshow season, DIR fees, ERTC and MORE!
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...
08.01.2023
Understanding 340B Contracts and Maximizing Your Pharmacy’s Benefits
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...
07.18.2023
Pharmacy Advocacy: Going Beyond Patient Care for Your Community
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...
07.11.2023
The Drug Supply Chain Security Act & Its Implications For Pharmacies
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...
06.07.2023
Unleash Profitability: Recover Lost Profit from Net Negative Prescriptions
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...
05.25.2023
Pharmacy Lending for Start-Ups and Expansions
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...
05.11.2023
Marketing for Independent Pharmacies with Gabe Trahan
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...
04.27.2023
Pharmacy Buyer's Guide: Buying a Pharmacy in a Stock Purchase
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 &...
04.13.2023
Pharmacy Lending: The Inside Scoop
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...
03.30.2023
Sad Realities of “Philmore Scripts” Minimizing DIR Fees
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...
03.14.2023
DIR Fee Apocalypse - The Bottom Line for 2024
Know your current burn rate with DIR fees in 2023 so you can be prepared for the upcoming DIR fee changes in 2024. Create your plan for DIR fees taken at the point of sale. About Sykes & Company, P.A....
02.28.2023
New Inventory Rules Impacting Pharmacies
Have you been writing off inventory on your pharmacy’s taxes? The IRS has issued new inventory rules for 2022 taxes and beyond – don’t miss this discussion!
02.13.2023
This is why you don't "fill and pray"
Do not let your pharmacy’s accounts receivables sit on the backburner; do not just "fill and pray." Learn how to automate your account reconciliation and get paid sooner, with special guest EnlivenHealth on the latest episode of The Bottom Line...
01.30.2023
Town Hall: January 24, 2023
In this special live town hall, we take questions on the air and provide important updates for independent pharmacies on ERTC, inventory management, DIR Fees, Secure Act 2.0 and other listener concerns. To view the slideshow, visit our YouTube channel...
01.30.2023
Love in a Bottle: Startup pharmacy excels at community relations and employee appreciation
Startup pharmacy success: our team talks to the owner of The Pharmacy startup in Florence, South Carolina, Jarrod Tippins, PharmD. After only six years, The Pharmacy has experienced great success. What are some contributing factors to Jarrod’s success? And what...
01.16.2023
Can a Perpetual Inventory System Fix My Inventory?
Pharmacy owners have misreported inventory by millions of dollars, says Scotty Sykes, CPA, CFP®. Jared Barton of Inventory iQ tells us how we can rectify the situation by putting the time and effort into the foundation of a perpetual inventory...
01.03.2023
Becoming a Pharmacist that Dispenses Healthy Solutions
Are you dispensing prescriptions or healthy solutions? Now more than ever, independent pharmacies must continue to carve out their niche by offering services that add value to their patients. On this episode of The Bottom Line Pharmacy Podcast, the team...
12.19.2022
ERTC for Pharmacies Due Diligence
Have you done your due diligence to ensure that you qualify for the ERTC? On this episode of The Bottom Line Pharmacy Podcast, your hosts Bonnie Bond, CPA, Kendell Harris, CPA and Scotty Sykes, CPA, CFP®) discuss the complexities of...
12.15.2022
Is Your Front End an Asset or Liability?
If your pharmacy’s front end is dusty and lacks that modern touch, how does customer perception affect sales? Hear what BIOLYTE®* head of pharmacy Kris Rhea says about sprucing up your front end. About Sykes & Company, P.A. - https://www.sykes-cpa.com/ ...
11.21.2022
The Bottom Line Podcast: Building a Competitive Edge for Your Independent Pharmacy
How can an independent pharmacy build a competitive edge in the market by becoming the recommended pharmacy for health care professionals? On this episode of The Bottom Line Pharmacy Podcast, your hosts Bonnie Bond, CPA, and Scotty Sykes, CPA, CFP®...
11.08.2022
The Bottom Line Pharmacy Podcast: Pharmacy Tax Planning for 2022
Purchasing assets is one way to reduce your tax burden. What are depreciable items that move the tax needle for pharmacies? Should you purchase equipment in 2022? What changes to depreciation tax laws are coming in 2023? On this episode...

What's The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. about?

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

Getting to the CORE of Your Pharmacy with Scott Pace

The Hidden Cost of Not Automating With Darin Gleason

Navigating The Legal Maze of 503B Compounding

Harnessing the Power of Pharmacy Differentiation Featuring Greco De Valencia and Ripal Patel

Driving Independent Pharmacy Profitability In 2024 With Nicolette Mathey

Overcoming Challenges with 340B Contracts Featuring Amanda Gaddy

Bonus Episode: Reimbursement Changes, Diversified Revenue, and More! | Special Appearance with the Pharmacy Owners Alliance

Improving Cash Flow with Inventory Management with Jared Barton

From Zero to Community Pharmacy Hero With Hashim Zaibak

Bonus Episode: Appearance on The Catalyst Pharmacy Podcast: Tackle Pharmacy Accounting

Transforming Your Pharmacy: Supplements, Strip Packaging, and PBM Reform Featuring Bill Holmes and Matt Gilbert from RxSafe

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

Practicing to the Fullest Extent of Your License With Ashley Moose

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

Maximizing Your Online Presence With Mandy Mahoney

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

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

Urgent Update: Understanding FinCEN Reporting with Scott Burnett

Keeping Your Pharmacy Insured Featuring Steve Boone

Year-End Update: DIR Fees, PTE Tax, and Christmas!

Improving Cash Flow with Long-Term Care at Home featuring Paul Shelton

Making Data Work for Your Pharmacy Featuring Nicolette Mathey

The Business of Compounding and Live at the PCCA Conference Featuring Bryan Prescott

Trends in Independent Pharmacy Ownership - Live from NCPA 2023

Understanding the IRS's Freeze on Employee Retention Credit - Bottom Line Pharmacy Podcast Update

The Intersection of DIR Fees and Open Enrollment for Independent Pharmacies

From Startup to Success: The Pharmacy of Shannon Hills Story

Elevating Patient Care through 340B Partnerships ft. Eric Fromhart

Let’s Chat pt.2: RBC Cardinal Health, ThoughtSpot 2023, DIR Fees, and ERTC

Let’s Chat- Tradeshow season, DIR fees, ERTC and MORE!

Understanding 340B Contracts and Maximizing Your Pharmacy’s Benefits

Pharmacy Advocacy: Going Beyond Patient Care for Your Community

The Drug Supply Chain Security Act & Its Implications For Pharmacies

Unleash Profitability: Recover Lost Profit from Net Negative Prescriptions

Pharmacy Lending for Start-Ups and Expansions

Marketing for Independent Pharmacies with Gabe Trahan

Pharmacy Buyer's Guide: Buying a Pharmacy in a Stock Purchase

Pharmacy Lending: The Inside Scoop

Sad Realities of “Philmore Scripts” Minimizing DIR Fees

DIR Fee Apocalypse - The Bottom Line for 2024

New Inventory Rules Impacting Pharmacies

This is why you don't "fill and pray"

Town Hall: January 24, 2023

Love in a Bottle: Startup pharmacy excels at community relations and employee appreciation

Can a Perpetual Inventory System Fix My Inventory?

Becoming a Pharmacist that Dispenses Healthy Solutions

ERTC for Pharmacies Due Diligence

Is Your Front End an Asset or Liability?

The Bottom Line Podcast: Building a Competitive Edge for Your Independent Pharmacy

The Bottom Line Pharmacy Podcast: Pharmacy Tax Planning for 2022