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

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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 episode of The Bottom Line Pharmacy Podcast, we sit down with William Holmes, the Founder of RxSafe and Matt Gilbert, the VP of Business Transformation and Major Accounts with RxSafe to discuss opportunities with LTC, supplements, PBM reform, 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 here for the transcript.  

More about our guest:  

Bill Holmes is the Founder of RxSafe, an automation company that provides innovative technology solutions designed to accelerate your pharmacy's success. 

Matt Gilbert is the VP of Business Transformation and Major Accounts, a program that works hand in hand with pharmacies to capture more opportunity to expand their revenue through long-term care, supplements, and filling needs within the geographic region of a specific pharmacy. 

Want to learn more about RxSafe and what they do? Click below to check them out!  

RXSafe Website

RXSafe Facebook

RXSafe Twitter (X)

RXSafe LinkedIn 

RXSafe YouTube

RXSafe Instagram

Bill Holmes LinkedIn

Matt Gilbert LinkedIn 

Want to stay connected? 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:

Podcast – LTC at Home with Lindsay Dymowski


Article – The ROI of Adherence Packaging and Automation


Podcast – LTC and Cash Flow with Paul Shelton

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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/

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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 

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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/ 

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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 

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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 

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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 

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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 of The Bottom Line Pharmacy Podcast, we sit down with Scott Burnett from Burnett & Associates to discuss beneficial ownership reporting, why it matters, and more! 

Want to read and follow along? Click here for the transcript

More about our guest:  


Who is Scott Burnett? Scott Burnett is a nationally recognized speaker, best-selling author, and President & Founder of Burnett & Associates, a business law firm that specializes in corporate minutes & resolutions, FinCEN, business formations, and asset protection.  


If you want Burnett & Associates to help you with your FinCEN filing, use promo code Sykes20 for $20 off your FinCEN filing. 

Interested in learning more about FinCEN, and corporate minutes & resolutions and Burnett & Associates? Click the links below to learn more:  

Burnett & Associates Website

Burnett & Associates Facebook

Burnett & Associates Instagram

Burnett & Associates YouTube

Scott Burnett LinkedIn 

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. Social:

Facebook

Twitter (X)

LinkedIn

Instagram 
 

Follow the CPA's on LinkedIn:
 
Scotty Sykes – CPA, CFP LinkedIn


Scotty Sykes – CPA, CFP Twitter


Bonnie Bond – CPA LinkedIn


Bonnie Bond – CPA Twitter 

More resources on this topic: 

FinCEN BOI

BOI Client Letter

AICPA FinCEN FAQs

Scott Burnett on the new FinCEN guidelines 

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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 The Bottom Line Pharmacy Podcast, we sit down with (tag) Steve Boone, Agent with Heartland Insurance Group to discuss how to keep your premiums low, what insurance options are available for delivery, case studies on how much you could save, and more!

Who is Steve Boone? Steve Boone is a business insurance professional with over 30 years of experience. Since 2014, Steve has worked exclusively with independent pharmacies and currently insure over 450 locations across the United States. 

If your pharmacy is looking for a single-source, lower cost package tailored to your unique needs, then this pharmacy-specific program is perfect for you.  

Learn more about Steve Boone and Heartland Insurance below:  

Steve Boone LinkedIn

Want to read and follow along? Click here for the transcript!

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. 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.:  

Facebook

Twitter

LinkedIn

Instagram 

CPA’s: 

Scotty Sykes – CPA, CFP LinkedIn

Scotty Sykes – CPA, CFP Twitter

Bonnie Bond – CPA LinkedIn

Bonnie Bond – CPA Twitter 

Thanks for listening!

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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 update episode! On this episode of the Bottom Line Pharmacy Podcast, we’re giving you updates on 2024 DIR fees, PTE Tax, big box chain closures, inflation, Scotty's ugly Christmas shirt,  and more!

Did you like this episode? We share insights for Independent Pharmacy Owners every other Thursday. Stay up to date on what’s new in independent pharmacy by liking and subscribing!  

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

Sykes & Company, P.A.:  

Facebook: https://www.facebook.com/sykesandco
Twitter: https://twitter.com/OllinSykes
LinkedIn: https://www.linkedin.com/company/sykes-&-company-p-a-?trk=tyah  Instagram: https://www.instagram.com/sykescpa/ 

CPA’s: 

Scotty Sykes – CPA, CFP LinkedIn: https://www.linkedin.com/in/scottysykes/ 

Scotty Sykes – CPA, CFP Twitter: https://twitter.com/ScottySykesCPA 

Bonnie Bond – CPA LinkedIn: https://www.linkedin.com/in/bonnieevansbond/ 

Bonnie Bond – CPA Twitter: https://twitter.com/BonnieEvansBond 

Click here to learn more about our podcast team and previous episodes. https://www.sykes-cpa.com/media-resources/the-bottom-line-pharmacy-podcast/