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

    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. 

    Subscribe wherever you listen to podcasts for the latest in independent pharmacy! 

    en-us46 Episodes

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    Episodes (46)

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

    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 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/

    Practicing to the Fullest Extent of Your License With Ashley Moose

    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 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 

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

    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 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/ 

    Maximizing Your Online Presence With Mandy Mahoney

    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 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 

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

    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 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 

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

    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 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 

    Urgent Update: Understanding FinCEN Reporting with Scott Burnett

    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 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 

    Keeping Your Pharmacy Insured Featuring Steve Boone

    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 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!

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

    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 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/ 

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

    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 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 

    Making Data Work for Your Pharmacy Featuring Nicolette Mathey

    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 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

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

    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 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

    Trends in Independent Pharmacy Ownership - Live from NCPA 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 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 

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

    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 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  

    The Intersection of DIR Fees and Open Enrollment for Independent Pharmacies

    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 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  

    From Startup to Success: The Pharmacy of Shannon Hills Story

    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 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  

    Elevating Patient Care through 340B Partnerships ft. Eric Fromhart

    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 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 

     

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

    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, #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

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

    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 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  

    Understanding 340B Contracts and Maximizing Your Pharmacy’s Benefits

    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 of 340B programs on your pharmacy's financial health. Don't miss this informative conversation that can help you make a difference in your community while thriving as an independent pharmacy.


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