6 Cash Pay Patient Opportunities You Can Implement this Month
Are you satisfied with merely managing your pharmacy, or do you aspire to see it flourish? You’ve dedicated significant time to your team, workflows, and procedural adherence. The challenges of 2024 continue to be felt as we quickly move towards the end of the first quarter of 2025. You may be feeling the squeeze of poor reimbursement rates from the PBM’s or feeling the effects of a sluggish economy. Regardless of what is happening around you, it’s crucial to immediately address the impact it may have on your pharmacy. To fight these challenges, you must take immediate action to introduce cash pay products and services and boost non-dispensing revenue. Let’s explore six areas where IPC offers innovative solutions to enhance your cash pay opportunities.
Affordable Medications for Type 2 Diabetes Patients
Managing diabetes is a complex journey that requires a proactive and patient-centric approach from your independent pharmacy, and you can play a vital role. Beyond merely dispensing medications, your pharmacy can support diabetic patients in their journey toward better health outcomes.
In the fight against diabetes, IPC proudly presents BRENZAVVY, an exclusive offering for independent pharmacies in collaboration with TheracosBio. This groundbreaking SGLT-2 Inhibitor aims to reduce hemoglobin A1C and fasting blood sugar levels, providing an affordable alternative for patients. While other brand name medications can cost patients up to $1,200 per year, BRENZAVVY is available for just $600 per year. BRENZAVVY is a cash pay option, empowering underinsured patients, or those with out-of-control high deductible health insurance plans to take control of their health while offering your pharmacy a beneficial revenue stream. Always engage in open dialogue with patients about the benefits of incorporating new medications into their treatment plans, fostering a collaborative and proactive approach to their overall well-being and always emphasize the importance of patients talking to their doctor before making any changes to their medication regimen.
Enhance Your Pharmacy’s Visibility with Dolphin Digital:
Cut through the noise and clutter of daily life and connect with customers while they’re in your store. With Dolphin Digital, IPC offers an innovative way for your pharmacy to not only increase visibility but also generate additional advertising revenue. This cutting-edge out-of-home (OOH) media solution allows you to advertise your services directly in your store, engaging customers with dynamic, eye-catching digital screens. The best part? The first 100 pharmacies to sign up will receive a free screen, allowing you to start with zero upfront cost [while the screens are still available]. This is a risk-free opportunity to modernize your pharmacy’s customer experience, drive foot traffic, and create a new revenue stream through advertising partnerships. Don’t miss this chance to elevate your pharmacy’s presence and profitability—act now before the free screens are gone!
Affordable OTC Hearing Aids:
Hearing loss is a prevailing issue among Americans, impacting a sizable portion of the population. Approximately 91% of US adults over the age of 50 have hearing loss, while only 7% of US adults with hearing loss have ever tried hearing aids. That is a significant market opportunity for your pharmacy.
Thanks to new rules by the US Food and Drug Administration (FDA), over the counter (OTC) hearing aid solutions are more accessible and affordable for those seeking assistance. To address the opportunity for your pharmacy, IPC has connected with Rx Hearing to provide your pharmacy with a comprehensive solution to find new cash pay customers with this untapped market. Rx Hearing offers pharmacies three starter kit options offering margins up to $1,250.
Athletic and Wellness Solutions:
Appeal to health-conscious individuals by sponsoring local events like 5Ks and offering product samples. IPC partner BIOLYTE “the IV in a bottle”, delivers 550% more electrolytes than leading sports drinks and offers profit margins of up to 44% for your pharmacy. This is an excellent strategy for your pharmacy to distinguish itself and meet the evolving needs of your customers.
Another opportunity to appeal to the health-conscious demographic is by offering a range of vitamins and supplements. This is another way your pharmacy can enhance its front-end cash pay opportunities. IPC’s partner Mason Natural offers the best vitamins and supplements for sustaining a healthy lifestyle by using the highest quality ingredients that meet regulatory requirements. Mason offers a full line of vitamins and supplements with BOGO opportunities for your pharmacy and quarterly marketing support and a free monthly promotional consumer circular program. These products can be used year-round to help your patients take on their day and experience everyday wellness.
Point of Care Testing:
Diversify and elevate your services by offering point of care testing and diagnostic services on a cash pay basis. IPC Pharmacy Services, known for its hands-on approach, stands firmly by independent pharmacies, connecting them with comprehensive resources for training and seamless program implementation. Our commitment goes beyond the service itself – it’s about empowering your pharmacy to be more profitable.
Fast and reliable results from point of care testing not only significantly aid in patient care but also contribute to the overall financial health of community pharmacies. As part of your GPO membership with IPC, Pharmacy Services gives you access to a suite of additional programs and services carefully designed to maximize your pharmacy’s potential. With exclusive partnerships, IPC provides a comprehensive toolkit for success. Our dedicated team is ready to take a hands-on approach, tailoring solutions to suit your pharmacy’s unique needs, ensuring that every step you take is a step towards increased profitability and sustained success.
Streamline Your Pharmacy Operations with Nimble:
Running an independent pharmacy requires balancing patient care with operational efficiency. Nimble, a cutting-edge pharmacy management platform, is here to help you do just that. Designed to simplify and optimize your workflow, Nimble offers a seamless solution for prescription processing and patient communication. By automating time-consuming tasks, Nimble allows you to focus more on what matters most—your patients. Additionally, its user-friendly interface and robust features empower your team to work smarter, not harder, while reducing errors and improving overall efficiency. Whether you’re looking to enhance patient satisfaction or boost your pharmacy’s productivity, Nimble is the partner you can trust. Discover how Nimble can transform your pharmacy.
Bonus Opportunity!
IPC Digital Health officially launched iCare+ in early 2024 to our member pharmacies. The iCare+ platform enables you to grow your business and allows you to empower your patients, offering you the ability to provide telehealth and telemedicine services, and so much more. With Remote Patient Monitoring, Script Pass, a prescription savings program and NEW for 2025 a partnership with Uber Health to offer transportation and delivery services.
Learn more about this vital healthcare solution that will allow you to connect patients with the healthcare they deserve while bringing a new revenue stream into your store.
With so many innovative solutions available, the path to transforming your pharmacy starts with making a one decision. Whether it’s offering diabetes patients BRENZAVVY, adding in-store advertising with Dolphin Digital, tapping into the hearing aid market with Rx Hearing, boosting wellness offerings with BIOLYTE and Mason Natural, or modernizing your prescription processing with Nimble, each opportunity is designed to help your pharmacy thrive.
Don’t wait—choose one vendor that aligns with your goals, visit their page, and start a conversation today. By taking that first step, you’ll not only unlock new revenue streams but also strengthen your connection with your community. The future of your pharmacy is waiting—seize it now!
