Colton Marcum, PharmD, took over ownership of Marcum’s Pharmacy, from his father, about 10 years ago.  Marcum’s is a high-volume pharmacy and has a proud tradition of service to the residents of Kingsport, TN, since 1962.  Still, as Marcum tells us on this episode of PharmacyCrossRoads the pharmacy’s work environment was hectic and constant reductions in reimbursement and DIR fees were taking a big chunk out of his profits.

Joining Marcum on this podcast is Kris Rhea, now a representative of BIOLYTE, but formally Marcum’s wholesaler representative.  The two of them go into some detail on how Marcum saw a need for improved workflow and how, by working with Rhea they made some remarkable changes.  Marcum tells how implementing a medication synchronization program improved workflow, reduced inventory and improved relationships with prescribers in the community. 

To help with a total transformation of the pharmacy Rhea prepared a 12-step plan they used to turn the pharmacy around. First on the list, recognize that pharmacy is changing and the old way of doing things no longer works. One other big thing Marcum and Rhea did was schedule time to visit other successful pharmacies in the area and arrange an onsite visit.  A list of the 12 Steps to Revamp and Re-energize Your Pharmacy, is available by emailing Bruce Kneeland at; BFKneeland@gmail.com

Marcum says that in addition to improving work flow, pharmacies should also find ways to provide services and sell products that genuinely help people, are unique to them and generate an attractive profit margin.  He has had success with nutritional and says one product that has performed well for him is Biolyte. 

This episode is sponsored by: 

BIOLYTE, a nutritional drink, sub titled IV in a bottle.

Colton Marcum, PharmD, took over ownership of <a href="https://marcumspharmacy.com/">Marcum&rsquo;s Pharmacy</a>, from his father, about 10 years ago.&nbsp; Marcum&rsquo;s is a high-volume pharmacy and has a proud tradition of service to the residents of Kingsport, TN, since 1962.&nbsp; Still, as Marcum tells us on this episode of <a href="https://pharmacypodcast.com/podcast/pharmacy-crossroads/">PharmacyCrossRoads</a> the pharmacy&rsquo;s work environment was hectic and constant reductions in reimbursement and DIR fees were taking a big chunk out of his profits.
Joining Marcum on this podcast is Kris Rhea, now a representative of BIOLYTE, but formally Marcum&rsquo;s wholesaler representative.&nbsp; The two of them go into some detail on how Marcum saw a need for improved workflow and how, by working with Rhea they made some remarkable changes.&nbsp; Marcum tells how implementing a medication synchronization program improved workflow, reduced inventory and improved relationships with prescribers in the community.&nbsp;
To help with a total transformation of the pharmacy Rhea prepared a 12-step plan they used to turn the pharmacy around. First on the list, recognize that pharmacy is changing and the old way of doing things no longer works. One other big thing Marcum and Rhea did was schedule time to visit other successful pharmacies in the area and arrange an onsite visit.&nbsp; A list of the 12 Steps to Revamp and Re-energize Your Pharmacy, is available by emailing Bruce Kneeland at; <a href="mailto:BFKneeland@gmail.com">BFKneeland@gmail.com</a>
Marcum says that in addition to improving work flow, pharmacies should also find ways to provide services and sell products that genuinely help people, are unique to them and generate an attractive profit margin.&nbsp; He has had success with nutritional and says one product that has performed well for him is Biolyte.&nbsp;
This episode is sponsored by:&nbsp;
<a href="https://drinkbiolyte.com/">BIOLYTE, a nutritional drink, sub titled IV in a bottle.</a>

In March of 2009, Todd S. Eury, launched the Pharmacy Podcast Show. Over the years, the Pharmacy Podcast has accumulated over 75,000+ listeners and subscribers and is the most popular and downloaded podcast about the Pharmacy Industry.

The Pharmacy Podcast Show transformed into the Pharmacy Podcast Network (PPN) in 2014 and will continue to collect the thought leading interviews with some of the most brilliant minds in Pharmacy with over 30 co-hosts. The PPN is a Digital Health Publication and Content Developing partner to the Pharmaceutical industry focusing on Specialty medications, pharmacy business supportive technologies, and industry trends.

The PPN is the world's largest network of podcasts dedicated to the pharmacy professional and industry insiders leading with our hosts interviewing dynamic people in the pharmacy industry making a difference for our profession, customers, and patients.

The definition of “Innovation” is: A new method, idea, product, or process. Processing, implementing, operating, or designing beyond the status-quo. Pharmacists are the HUB of Healthcare & the PPN is the Pharmacist's biggest fan. 

In March of 2009, Todd S. Eury, launched the Pharmacy Podcast Show. Over the years, the Pharmacy Podcast has accumulated over 75,000+ listeners and subscribers and is the most popular and downloaded podcast about the Pharmacy Industry.
The Pharmacy Podcast Show transformed into the Pharmacy Podcast Network (PPN) in 2014 and will continue to collect the thought leading interviews with some of the most brilliant minds in Pharmacy with over 30 co-hosts. The PPN is a Digital Health Publication and Content Developing partner to the Pharmaceutical industry focusing on Specialty medications, pharmacy business supportive technologies, and industry trends.
The PPN is the world's largest network of podcasts dedicated to the pharmacy professional and industry insiders leading with our hosts interviewing dynamic people in the pharmacy industry making a difference for our profession, customers, and patients.
The definition of &ldquo;Innovation&rdquo; is: A new method, idea, product, or process. Processing, implementing, operating, or designing beyond the status-quo. Pharmacists are the HUB of Healthcare &amp; the PPN is the Pharmacist's biggest fan.&nbsp;

Pharmacy Podcast Network

The Pharmacy Podcast Network is ranked as the number one podcast in healthcare dedicated to the Business of Pharmacy and TOP 25 Podcasts in U.S. Business News. The most influential voices in the pharmacy industry are published on the Pharmacy Podcast Network (PPN). The PPN is the leading audio authority of the pharmaceutical & pharmacy industry with more than 30 hosts, 1,200+ episodes, supporting more than 25+ pharmacy industry associations, with more than 80,000 listeners world wide. 

The PPN is an Audio Branding & Public Relations Communications company dedicated to the Pharmaceutical industry focusing on Community, Long-term care, Health System, Specialty, pharmacy business supportive technologies, and industry trends. 

Pharmacy Podcast™ is a registered trademark

The Pharmacy Podcast Network is ranked as the number one podcast in healthcare dedicated to the Business of Pharmacy and TOP 25 Podcasts in U.S. Business News. The most influential voices in the pharmacy industry are published on the Pharmacy Podcast Network (PPN). The PPN is the leading audio authority of the pharmaceutical &amp; pharmacy industry with more than 30 hosts, 1,200+ episodes, supporting more than 25+ pharmacy industry associations, with more than 80,000 listeners world wide.&nbsp;
The PPN is an Audio Branding &amp; Public Relations Communications company dedicated to the Pharmaceutical industry focusing on Community, Long-term care, Health System, Specialty, pharmacy business supportive technologies, and industry trends.&nbsp;
Pharmacy Podcast&trade; is a registered trademark

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