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By PCCA
This article was updated: June 22, 2020
We recently released a new episode of The Mortar & Pestle: A PCCA Podcast, in which Bryan Prescott, PharmD, MBA, Director of Management Coaching Services at PCCA, offered a game plan for sustaining independent pharmacies’ revenue and managing their expenses as they navigate the novel coronavirus pandemic. Below are Bryan’s four key steps that you can take to keep your community pharmacy practice financially healthy through the rest of 2020.
For an in-depth discussion of this COVID-19 strategy, you can listen to Bryan’s episode of The Mortar & Pestle on Apple Podcasts, Spotify, Stitcher and other podcast platforms.
Bryan also recently co-hosted the free PCCA Education webinar mentioned in Step 4 above. The webinar, Leveraging the CARES Act & FFCRA to Support Your Practice, features Cindy Moon of Hart Health Strategies as well and is available on YouTube. In it, Bryan breaks down new federal aid programs and Cindy shares detailed information on how prescribers can use telehealth options to serve patients during the pandemic. You can also find up-to-date information and customizable communications templates to help your pharmacy on the PCCA Coronavirus (COVID-19) Resource Center.
On June 3, 2020, Congress passed the Paycheck Protection Program Flexibility Act of 2020 (PPPFA), which should provide some additional benefits and ease some of the restrictions from the original PPP. Read more about it in our blog post, “Changes to the Paycheck Protection Program.”