Diversify & Increase Revenue with ConvaCare – Monthly Mastermind April 2024
Diversify & Increase Revenue with ConvaCare | Mastermind – April 2024 Lisa Faast and guests Shane Smooth and Chris Link discussed the significant market opportunity for independent pharmacies in the respiratory medical equipment sector, particularly sleep apnea, which generates over $18 billion annually. Convocare, a franchise offering respiratory services, was highlighted as a turnkey solution […]
Live Events – Monthly Mastermind April 2026
Live Events – Monthly Mastermind April 2026 Lisa Faast led a discussion on hosting live events for pharmacies, emphasizing their role in boosting patient loyalty, increasing foot traffic, and driving sales growth. She outlined a six-to-eight-week planning timeline, including partnering with local businesses and starting marketing four to six weeks before the event. Key event […]
Problem Solving Profit Booster – Monthly Mastermind April 2023
Problem Solving Profit Booster – Monthly Mastermind April 2023 Lisa Faast discussed strategies for increasing pharmacy profits through problem-solving and upselling. She emphasized the importance of selling related products to existing customers, using examples like offering free teeth whitening to weight loss patients. Lisa highlighted three main areas: diabetics, hair loss, and weight loss. For […]
Secure 340b maximizing Profits with 340b claims – Monthly Mastermind May 2024
Secure 340b maximizing Profits with 340b claims – Monthly Mastermind May 2024 Lisa Faast and Amanda from Secure 340B discussed the importance of optimizing 340B programs for independent pharmacies. Lisa highlighted the need to diversify revenue streams and improve patient care post-DIR fee apocalypse. Amanda explained Secure 340B’s tools, including the 340B Navigator and Counter […]
Pharmacy Bargain Hunting with MatchRx – Monthly Mastermind March 2024
Pharmacy Bargain Hunting with MatchRx – Monthly Mastermind March 2024 Lisa Faast led a mastermind call on pharmacy bargain hunting during the DIR fee apocalypse, emphasizing the use of Match RX to save cash flow. Match RX facilitates pharmacy-to-pharmacy transactions, offering discounts on non-controlled drugs and helping manage almost dead inventory. The platform, used by […]
Quarterly Business Review – Monthly Mastermind February 2026
Quarterly Business Review – Monthly Mastermind February 2026 Lisa Faast led a monthly mastermind call on conducting a quarterly business review, a process she has used for three years. She emphasized the importance of self-evaluation and team input, suggesting 15-20 minutes for the review. Key metrics include cash flow, net profit, and team optimization. Lisa […]
7 Ways To Make More Profit In 2026 – Mastermind January 2026
7 Ways To Make More Profit In 2026 – Mastermind January 2026 Lisa Faast discussed strategies for increasing pharmacy profitability in 2026, emphasizing seven key points: buying better, leveraging secondaries, renegotiating primary agreements, utilizing discounts, offering asynchronous consulting, implementing AI tools, optimizing OTC areas, and 503B dispensing. She highlighted the importance of knowing top patients […]
MMR: Why Membership Are a Must – Monthly Mastermind December 2025
MMR: Why Membership Are a Must – Monthly Mastermind December 2025 Lisa Faast discussed the importance of memberships for pharmacies, emphasizing their role in retaining patients and increasing revenue. She highlighted the success of membership models like Planet Fitness, Microsoft, and Amazon, noting that Prime members spend 113% more than non-Prime members. Faast suggested various […]
Backpack & Free Vitamin Program – Monthly Mastermind October 2025
October 2025 Monthly Mastermind – Backpack & Free Vitamin Program Access all resources HERE. Lisa Faast discussed strategies for growing pharmacy profitability through free vitamin and backpack programs. She emphasized launching the free vitamin program at the beginning of the year to capitalize on New Year’s resolutions and the free backpack program during back-to-school seasons. […]