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

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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 your sources of revenue, especially with DIR fees as high as they are. Incorporating long-term care at home is one of the best ways to diversify your revenue. 

In this episode of the Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP and Bonnie Bond, CPA sit down with Paul Shelton, President of PharmaComplete to discuss the benefits of long-term care at home, how LTC@H can improve cash flow, combo shops, and more!

Want to learn more about our guest and Long-Term Care at Home? Check out  PharmaComplete's links below:

Website: https://www.pharmacomplete.com/

Facebook: https://www.facebook.com/people/PharmaComplete/100085513734326/?locale=hi_IN

LinkedIn: https://www.linkedin.com/company/pharmacomplete-consulting-services/about/

Paul Shelton: https://www.linkedin.com/in/paul-shelton-68434927/

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/ 

Stay connected with us on 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 

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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 data to grow revenue streams that can help you minimize DIR fees, increase strategic partnerships, and overall help your patients! 

These are the things that Dotti from ATRIUM24 can help you with. 

In this episode of The Bottom Line Pharmacy Podcast, Nicolette Mathey joins us for a discussion on sales & marketing, data, why these things are important, Scotty’s $10 haircut, and more! 

Also – stay tuned to the end for a special song by Kendell Harris.

Interested in what Dotti can do for your pharmacy? Check them out here:

ATRIUM24 Website
ATRIUM24 LinkedIn
ATRIUM24 Facebook
ATRIUM24 Instagram

Want to connect with Nicolette Mathey? Check out her LinkedIn below:

Nicolette Mathey LinkedIn

Did you like this episode? We share insights for Independent Pharmacy Owners every other Tuesday. Stay up to date on new episodes by liking and subscribing! Click the link below to learn more about our podcast team and previous episodes:

All of our previous episodes

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

Sykes & Company P.A. Facebook
Sykes & Company P.A. Twitter
Sykes & Company P.A. LinkedIn

Follow the CPA's on Social:

Scotty Sykes – CPA, CFP LinkedIn

Scotty Sykes – CPA, CFP Twitter

Bonnie Bond – CPA LinkedIn

Bonnie Bond – CPA Twitter

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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 Line Pharmacy Podcast, we dive deep into the world of compounding by bringing you a two-episode mashup that features our conversation with Bryan Prescott, the Director of Business Coaching for the PCCA and live footage from the PCCA international seminar!  

We talk about key metrics to pay attention to in your compounding pharmacy, diversifying your revenue sources, some of the advantages to owning a compounding pharmacy, section 174 updates, and more! 

Join the discussion with us to learn about the business of compounding.

Did you like this episode? We share insights for Independent Pharmacy Owners every other Tuesday. 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 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  

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
Kendell Harris – CPA LinkedIn: https://www.linkedin.com/in/kendell-harris-cpa-2a093854/
Kendell Harris – CPA Twitter: https://twitter.com/CpaKendell

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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 podcast!  

Sit down with Kendell Harris, Bonnie Bond, and Scotty Sykes as they cover new developments in pharmacy ownership from adding revenue streams with services like long term care at home to minimizing DIR fees and more!

Did you like this episode? We share insights for Independent Pharmacy Owners every other Tuesday. 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 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  

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
Kendell Harris – CPA LinkedIn: https://www.linkedin.com/in/kendell-harris-cpa-2a093854/
Kendell Harris – CPA Twitter: https://twitter.com/CpaKendell 

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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 claims and concerns of tax professional's aggressive marketing.

Learn how this affects your business and what steps you can take if you've already applied for the ERC.

Join us as we dissect the IRS's actions and discuss the potential consequences of scams. Stay informed and protect your pharmacy from unexpected audits.

Also - stay tuned to the end for an ERC Parody of Taylor Swift's Shake It Off performed by the wonderful vocals of Kendall Harris and Bonnie Bond

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

Stay Connected With Us:

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

Bonnie’s Twitter: https://twitter.com/BonnieEvansBond 
Kendell’s Twitter: https://twitter.com/CpaKendell 
Scotty’s Twitter: https://twitter.com/ScottySykesCPA  

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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 pharmacies and how they can maximize profitability while ensuring the best care for their patients. 

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

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

  Bonnie’s Twitter: https://twitter.com/BonnieEvansBond 
Kendell’s Twitter: https://twitter.com/CpaKendell 
Scotty’s Twitter: https://twitter.com/ScottySykesCPA  

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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 challenges they've overcome, and the importance of community engagement. Plus, learn how they've turned their pharmacy into a local healthcare hub. 

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

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

Bonnie’s Twitter: https://twitter.com/BonnieEvansBond 
Kendell’s Twitter: https://twitter.com/CpaKendell 
Scotty’s Twitter: https://twitter.com/ScottySykesCPA  

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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 this informative discussion and discover how Aventi Health is empowering independent pharmacies in the 340B program, ensuring their success, and changing the game for pharmacists everywhere.

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

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

 Bonnie’s Twitter: https://twitter.com/BonnieEvansBond
Kendell’s Twitter: https://twitter.com/CpaKendell
Scotty’s Twitter: https://twitter.com/ScottySykesCPA 

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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, #ThoughSpot Amerisource 2023 in Vegas, travel bloopers, DIR fees, and insights into cash flow control.

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

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

Bonnie’s Twitter: https://twitter.com/BonnieEvansBond 
Kendell’s Twitter: https://twitter.com/CpaKendell 
Scotty’s Twitter: https://twitter.com/ScottySykesCPA

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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 to know. 

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

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

Bonnie’s Twitter: https://twitter.com/BonnieEvansBond 
Kendell’s Twitter: https://twitter.com/CpaKendell 
Scotty’s Twitter: https://twitter.com/ScottySykesCPA