Dr. Lisa Faast – Easy Tips for Selling Nutrient Supplements, Pharmacy Profit Summit 2021 (Virtual)

Action Items

  • [ ] Download the drug-induced nutrient depletion template from the provided link.
  • [ ] Customize the template to fit your pharmacy’s specific patient population and needs.
  • [ ] Print and laminate the customized template to be used by the pharmacy staff.
  • [ ] Train pharmacy staff on how to use the template to identify potential supplement needs and offer relevant products to patients.
  • [ ] Ensure the most common recommended supplements are placed near the cash register for easy access and upselling.

Outline

Drug-Induced Nutrient Depletion: Introduction and Importance

  • Lisa Faast introduces the session focused on clinical services revenue related to drug-induced nutrient depletion.
  • She shares her curiosity about this topic during her final year of pharmacy school, where she conducted research on drug-induced nutrient depletion.
  • Lisa emphasizes the commonality of this issue and the potential for pharmacists to capitalize on it by offering supplements to patients.
  • She highlights the immediate revenue potential through cash-based clinical services, particularly for patients on medications that deplete vitamins or minerals.

Common Example: Statins and Coenzyme Q10

  • Lisa discusses the most well-known example of drug-induced nutrient depletion: statins causing a depletion of coenzyme Q10 (CoQ10) in the body.
  • She explains that supplementing with CoQ10 can help prevent some of the side effects associated with statins.
  • Lisa mentions that this issue is not limited to statins but applies to a wide variety of medications.
  • She introduces the concept of using a drug-induced nutrient depletion sheet to help pharmacists identify and address these depletions.

Implementing the Nutrient Depletion Sheet

  • Lisa shows a template of the drug-induced nutrient depletion sheet, which is available for download on the summit’s page.
  • She describes how the sheet is printed and laminated for reuse, allowing pharmacists to circle relevant supplements for patients.
  • The sheet is placed in the patient’s bag, and the cashier can then offer the recommended supplements to the patient.
  • Lisa suggests having the most common vitamins readily available at the cash register for easy upselling.

Customizing and Using the Template

  • Lisa encourages pharmacists to customize the template to fit their specific patient populations, such as those on fertility drugs or HIV medications.
  • She advises adding the pharmacy logo and making the sheet a consistent part of the pharmacy’s operations.
  • The laminated sheet can be reused multiple times, reducing the need for frequent printing.
  • Lisa emphasizes the importance of using clinical knowledge to address the whole patient and prevent potential issues before they arise.

Benefits and Practical Implementation

  • Lisa highlights the benefits of implementing this system, including improved patient care and additional revenue for the pharmacy.
  • She notes that over-the-counter (OTC) revenue is generally more profitable than prescription revenue, with margins around 50%.
  • Even a small increase in OTC sales can result in significant additional income for the pharmacy.
  • Lisa encourages pharmacists to take action within the next 90 days to implement this tool in their pharmacies.

Contact and Additional Resources

  • Lisa provides contact information for any questions or assistance regarding the template and its implementation.
  • She directs participants to download the Excel template from the summit’s page and to visit the Diversify RX blog for additional free information.
  • Lisa thanks the participants for joining the session and encourages them to implement the discussed strategies in their pharmacies.
  • She reiterates the potential benefits of addressing drug-induced nutrient depletion through supplementation and patient education.

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