What does Cost Plus Pharmacy Consulting do?
Our goal is to revolutionize pharmacy by helping others realize the potential of the cost-plus model. As experts in cost-plus, we provide coaching, consulting, and implementation tools to enable the best version of this model for current and future pharmacy owners.
What services does Cost Plus Pharmacy Consulting provide?
We offer coaching and consulting services to enable others to implement the cost-plus model. We provide current practice reviews for existing pharmacies, review pharmacy dispensing data to provide actionable insights, discuss pharmacy-specific cost-plus opportunities such as disease-state specific medications and potential community partnerships, and provide implementation tools such as workflow guidance and signup processes. We also have a Turn-Key Membership Tool and customized offerings explained below.
What is the Price Checker?
The Price Checker is a tool to help pharmacies grow the cost-plus model by providing a high-quality price checker. It includes embedding on a pharmacy's own website and listing on costpluspharmacies.com. The service is priced at $50 per month per pharmacy and requires access to your pharmacy dispensing system and sharing of your inventory-wide, cost-plus formula.
What is the Turn-Key Membership Tool offered by Cost Plus Pharmacy Consulting?
Our Turn-Key Membership Tool helps you monetize all of your special non-dispensing offerings with a ready-to-go series of tools and implementation strategies. We help you add a membership offering to your pharmacy so you can capture an ongoing revenue stream outside of the PBM space. We provide the templates and tools for your pharmacy to customize a membership offering, including physical and digital marketing tools that can be customized with the pharmacy logo and information. The solution includes detailed setup tips and best practices around logistics, and includes 2 hours of consultation for feedback. It is priced at $2,995.
What are the customizable packages?
We offer customizable packages for new pharmacy start-ups, which include turn-key tools around workflow (including shipping and membership setups), marketing templates (including terms of service and other patient setup documents), and monthly and quarterly specific goals to improve accountability. We know it's not easy to get started, so we provide the help we wish we had and that we know others ask for. We also provide monthly check-in calls to review progress. Engagements typically last 6-12 months but are tailored to meet your needs. Pricing starts at $5,995.
Our team is composed of two experienced pharmacists. Depending on our engagement with you, you’ll talk with one or more of our team members. We do our best to provide a high level of service in whatever way you’re working with us, and we will pair you with those best suited to your specific needs. Our group has a combined total of 25 years working in the pharmacy world, and are pioneers in the cost plus space. We look forward to helping you!
Do I have to use your pricing formulas for my cost plus model or can I use my own?
It is our belief that each pharmacy should have the ability to operate their cost plus model however makes sense in their store. While we are happy to share our formulas, you are under no obligation to use them. We simply ask that you agree that cost plus as a concept is about helping patients, not ripping them off, and that pricing transparency creates wins for the patient and the pharmacy.
How does what you offer differ from Mark Cuban pharmacy participation?
Our goal is to empower independent pharmacies and pharmacists to own their cost plus model. Truly cutting out the middleman is a critical component of change for the better. We help you tailor your process so it fits the unique needs of your location and ensure that you’re able to do it successfully.
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