Log in

goodpods headphones icon

To access all our features

Open the Goodpods app
Close icon
headphones
The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.

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

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!

bookmark
Share icon

All episodes

Best episodes

Top 10 The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. Episodes

Goodpods has curated a list of the 10 best The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. episode by adding your comments to the episode page.

The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. - Marketing for Independent Pharmacies with Gabe Trahan

Marketing for Independent Pharmacies with Gabe Trahan

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

play

05/11/23 • 22 min

Send us a text

Successful marketing for your independent pharmacy requires a handful of things: you need the right budget, a compelling message and you have to be willing to crank up that curb appeal. Tune in to the latest episode of The Bottom Line Pharmacy Podcast with special guest marketing consultant and former senior director of store operations and marketing for NCPA, Gabe Trahan. Hear his tips for sending the right message to the right audience, and why nine is the magic number of words you should use on a digital sign.

About Sykes & Company, P.A. - https://www.sykes-cpa.com/

bookmark
plus icon
share episode
The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. - This is why you don't "fill and pray"

This is why you don't "fill and pray"

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

play

02/13/23 • 37 min

Send us a text

Do not let your pharmacy’s accounts receivables sit on the backburner; do not just "fill and pray." Learn how to automate your account reconciliation and get paid sooner, with special guest EnlivenHealth on the latest episode of The Bottom Line Pharmacy Podcast.

About Sykes & Company, P.A. - https://www.sykes-cpa.com/

*This is an educational discussion between likeminded professionals. Sykes & Company, P.A. employees were not compensated, nor were any vendors compensated for being on the show.

bookmark
plus icon
share episode

Send us a text

Is your pharmacy getting paid what it’s supposed to be getting paid? Make reconciliation your superpower!

In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP® and Bonnie Bond, CPA sit down with Vanessa Luu, Supervisor of Reconciliation at EnlivenHealth® to discuss all things reconciliation, including:

  • The importance of having a robust reconciliation process in the pharmacy industry.
  • Common issues pharmacies face, such as delayed payments and administrative errors.
  • The benefits of using reconciliation services and tools to streamline financial management.
  • Tax implications of reconciliation

Join the discussion with us!

Did you like this episode? Stay up to date on new episodes by liking and subscribing!

Click here for the transcript
More about our guest:

Vanessa’s pharmacy journey began in 2010, blending experience in retail, reconciliation, and sales. Starting as a cashier at Walgreens, Vanessa worked up to management before moving into pharmacy finance at EnlivenHealth®, supporting reconciliation customers directly. Vanessa transitioned to sales, helping pharmacies find the best solutions while strengthening their skills in customer relations and industry insight. Now, as a Supervisor in the Reconciliation Department, Vanessa continues to help customers manage their financial operations with our reconciliation product.

Want to learn more about Vanessa and EnlivenHealth®? Click below to check them out!

Vanessa Luu LinkedIn: https://www.linkedin.com/in/vanessa-luu-bb8844229/

EnlivenHealth® LinkedIn: https://www.linkedin.com/company/enlivenhealth/

EnlivenHealth® Website: https://enlivenhealth.co/

EnlivenHealth® Facebook: https://www.facebook.com/EnlivenHealthCo

EnlivenHealth® Twitter (X): https://x.com/EnlivenHealthCo

Stay connected with us on social media:

Facebook

Twitter

LinkedIn

Scotty Sykes – CPA, CFP LinkedIn

Scotty Sykes – CPA, CFP Twitter

Bonnie Bond – CPA LinkedIn

Bonnie Bond – CPA Twitter

More resources about this topic:

Podcast – This is Why You Don’t Fill and Pray

Webinar – Cents and Sensibility

Podcast – Tax Reform Update: 2025 Changes to the Tax Cuts and Jobs Act

Video – Optimize Your Pharmacy’s Third-Party Reconciliation

Video – The Most Important Accounts Receivables in a Pharmacy

bookmark
plus icon
share episode
The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. - Legal Updates Impacting 503A and 503B Pharmacies Featuring Brad Howard and Michael Alexander
play

12/12/24 • 38 min

Send us a text

The 503A and 503B legal landscape is ever changing and staying on top of these changes can be tedious.
But don’t worry! Sykes is here with the trustee colleagues at Brown & Fortunato.
On this episode of the Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP® and Bonnie Bond CPA, sit down with Brad Howard, Esq. And Michael Alexander, Esq. From Brown & Fortunato share recent changes to the 503A and 503B regulatory landscape including:

  • The Evolving relationship between 503B and 503A pharmacies
  • Impact of FDA regulations and state-level inconsistencies
  • Possible changes coming in 2025

More about our guest:
Brad Howard:
Bradley W. Howard is a health care attorney with extensive experience representing pharmacies, durable medical equipment providers, hospitals, and many other health care providers with compliance, enforcement, and litigation matters throughout the country. Brad enjoys working with pharmacies and other health care providers on regulatory and contractual compliance matters, payer and PBM audits and appeals, governmental demands and requests, responses to subpoenas and demand letters, and business disputes including litigation. Brad routinely handles health care investigations by the Department of Justice, HHS OIG, various boards of pharmacy, State Attorneys General, the Department of Defense, and other regulators.
Michael Alexander:
Michael represents health care clients in a variety of business and regulatory matters, including regulatory compliance, licensing, due diligence review in the acquisition of health care providers, government investigations, and commercial disputes. Michael’s clients are primarily pharmacies, hospitals, and physician groups, but he also assists many other health care providers. Michael has successfully assisted his clients in resolving government investigations on both the state and federal level involving general compliance issues as well as matters related to fraud, waste, and abuse. He has also represented clients in payor disputes, and worked in conjunction with his clients, co-counsel, and other parties to coordinate the simultaneous acquisition and re-licensure of multiple health care providers.
Learn more about the Brown & Fortunato Team:
Brad Howard LinkedIn
Michael Alexander LinkedIn
Brown & Fortunato Website
Brown & Fortunato Facebook
Brown & Fortunato LinkedIn
Connect with us on social media:
Facebook
Twitter
LinkedIn
Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
Bonnie Bond – CPA LinkedIn
Bonnie Bond – CPA Twitter
More resources on this topic:
Podcast – Developing a Weight Loss Program with GLP1s in Your Pharmacy
Podcast – Driving Independent Ph

bookmark
plus icon
share episode
The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. - From Zero to Community Pharmacy Hero With Hashim Zaibak

From Zero to Community Pharmacy Hero With Hashim Zaibak

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

play

04/18/24 • 38 min

Send us a text

While the path to multi-store ownership may look different for everyone, the principles remain the same.

From his first location in 2011 to over 20 stores in 2024, Hashim Zaibak’s rule for managing multiple stores has remained the same - “I take care of the people who are going to take care of the people who are going to take care of the customers”

On this episode of The Bottom Line Pharmacy Podcast, we sit down with Hashim Zaibak, PharmD, CEO of Hayat Pharmacy and NCPA Ownership Workshop extraordinaire to discuss how to manage multiple stores, the NCPA Ownership Workshop, opportunities pharmacies have with clinical services, being recognized as a provider, 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.
Click here for the transcript

More about our guest:

Dr. Hashim Zaibak, PharmD is the Founder and CEO of Hayat Pharmacy, an independent pharmacy with over 20 locations serving the Milwaukee area.

Dr. Zaibak started his career as a pharmacist in 1999 after graduating from the University of Illinois‐Chicago. With over fifteen years of experience, he has seen the industry from multiple vantage points.

Dr. Zaibak has over six years of experience as a Clinical Instructor to help train pharmacy students from six pharmacy schools in the Wisconsin and Illinois area (Concordia University, Rosalind Franklin University, University of Wisconsin, University of Illinois, Midwestern University, and MCW School of Pharmacy). As recognition of Hashim’s excellent service to the community, he was named the 2014 Pharmacist of the Year by Pharmacy Development Services and Health Mart’s 2014 Pharmacy of the Year.

Want to learn more about Hashim and Hayat Pharmacy? Click below to check them out!

Hashim Zaibak LinkedIn

Hayat Pharmacy Website

Hayat Pharmacy Facebook

Hayat Pharmacy Twitter (X)

Hayat Pharmacy LinkedIn

Stay connected with us on social media:

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 – Multiple Stores and Real Estate Ownership

Client Testimonial – Managing Multiple Stores

bookmark
plus icon
share episode
The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. - Pharmacy Audit Masterclass: Strategies for Audit Success Featuring Trenton Thiede, President of PAAS National
play

10/17/24 • 33 min

Send us a text

Navigate pharmacy audits in this masterclass!

In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP and Bonnie Bond, CPA sit down with Trenton Thiede, President of PAAS National to discuss all things Pharmacy Audits including:

  • Best practices for copay collection
  • Current trends and tactics in PBM audits
  • Proactive strategies that reduce audit risks

Join the discussion with us!

Stay up to date on new episodes by liking and subscribing

Want to read and follow along with this episode? Click here for the transcript:

More about our guest:

Trenton Thiede is the President of PAAS National (Pharmacy Audit Assistance Service).

Trenton started his journey working at Shopko, a community pharmacy, in 1999 for15 years, holding positions as Pharmacy Manager and Regional Pharmacy Supervisor while completing his PharmD from UW-Madison and MBA from UW-Oshkosh.

In 2013, Trenton took over Shopko’s Long-Term Care division and helped divest it to KPH HealthCare (Kinney Drugs/HealthDirect). There, he helped grow their business throughout the Midwest, eventually servicing 20,000 beds in just under four years.

In 2018, Trenton joined PAAS and oversees the daily operations as President. With his operations experience, Trent knows what’s involved, and at stake, with pharmacy audits; taking pride in helping independent pharmacies win against ruthless PBMs.

Learn more about Trenton and PAAS National:

Trenton Thiede LinkedIn

PAAS National Website

PAAS National Facebook

PAAS National Twitter (X)

PAAS National LinkedIn

Stay up to date on new episodes by liking and subscribing!

Stay connected with us on social media:

Facebook

Twitter

LinkedIn

Scotty Sykes – CPA, CFP LinkedIn

Scotty Sykes – CPA, CFP Twitter

Bonnie Bond – CPA LinkedIn

Bonnie Bond – CPA Twitter

More resources on this topic:

Podcast – Fraud, Waste, and Abuse Audit Updates

bookmark
plus icon
share episode
The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. - Navigating the Pharmacy Marketplace Featuring Wade Hinkle, Founder and CEO of Pharmacy Market Place
play

12/19/24 • 23 min

Send us a text

Buying from primary vs. Secondary wholesalers, when is it best for your pharmacy and how does it impact your bottom line?

In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP, Bonnie Bond, CPA, and Ollin Sykes, CPA, CITP, CMA sit down with Wade Hinkle, Founder and CEO of Pharmacy Market Place to discuss:

  • Optimizing pharmacy operations through technology
  • Inefficiencies in traditional pharmacy purchasing methods
  • Importance of balancing primary vendor agreements with secondary market opportunities

And more!
More about Wade Hinkle:
Wade Hinkle is the Founder and CEO of Pharmacy Marketplace, an all-in-one purchasing solution that considers primary vendor agreements and key metrics to help you make better real-time purchasing decisions.
Prior to Pharmacy Marketplace, Wade studied at the University of Auburn where he obtained a degree in finance. This degree ultimately led him to become a partner and Owner of Hinkle Pharmacy in Alabama where he later used the insights he learned in owning a pharmacy to Co-found Inventory IQ, a service based business focused on helping independent pharmacies implement perpetual inventory systems.
Stay connected with Wade on social media:
Wade Hinkle LinkedIn
Pharmacy Marketplace Website
Pharmacy Marketplace Facebook
Pharmacy Marketplace LinkedIn
Stay connected with us on social media:
Sykes & Company P.A.:
Facebook
Twitter
LinkedIn
Scotty Sykes – CPA, CFP LinkedIn
Scotty Sykes – CPA, CFP Twitter
Bonnie Bond – CPA LinkedIn
Bonnie Bond – CPA Twitter
More resources on this topic:
Podcast – Improving Cash Flow With Inventory Management
Webinar – Maximizing Your Largest Expense: Inventory
Webinar – Inventory Management: Keep Cash In the Bank, Not on Your Shelf
Webinar – Improving Cash Flow Inventory Management Best Practices

bookmark
plus icon
share episode
The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. - Overcoming Challenges with 340B Contracts Featuring Amanda Gaddy

Overcoming Challenges with 340B Contracts Featuring Amanda Gaddy

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

play

05/09/24 • 33 min

Send us a text

Data from the NCPA shows that there are over 17,000 health care facilities that are eligible to participate in 340B programs, with many of these facilities being located in rural America.

This can give your pharmacy a competitive advantage and make your pharmacy the healthcare hub of your community by providing care to an underserved patient population.

But how do you know if this is an area worth exploring? In this episode of The Bottom Line Pharmacy Podcast, Scotty Sykes, CPA, CFP and Bonnie Bond, CPA sit down with Amanda Gaddy, R. Ph. Co – Founder and COO of Secure340B to dive deep into 340B contracts, legislative updates, how DIR fees and the change health care fiasco are affecting contracts, and the impact it can have on your bottom line!

Schedule an Rx Assessment

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.

Read and follow along with our transcript by clicking here

(insert transcript link)

More About Amanda Gaddy and Secure340B:

Amanda Gaddy is a pharmacist with over 29 years of experience and the COO & Co-Founder of Secure 340B. Secure340B helps pharmacies navigate the complexities of the 340B landscape and ensure their programs remain efficient and profitable by identifying 340B opportunities in your area, projecting future bottom line outcomes in your pharmacy from 340B contracting, evaluating and restricting any existing programs you may have, and manufacturer price restoration, so your pharmacy can continue to serve your community.
Stay connected with Amanda Gaddy and Secure340B:

Amanda Gaddy’s LinkedIn

Secure340B Facebook

Secure340B Instagram

Secure340B LinkedIn

Secure340B Website

Secure340B Twitter (X)

Stay connected us:

Facebook
Twitter (X)
LinkedIn
Instagram

Scotty Sykes – CPA, CFP LinkedIn

Scotty Sykes – CPA, CFP Twitter

Bonnie Bond – CPA LinkedIn

Bonnie Bond – CPA Twitter

More resources about this topic:

Resource - Explore 340B Opportunities

Podcast - Understanding 340B Contracts

bookmark
plus icon
share episode
The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. - Bonus Episode: Appearance on The Catalyst Pharmacy Podcast: Tackle Pharmacy Accounting
play

04/04/24 • 50 min

Send us a text

From DIR fees to current PSAO behavior, dive deep into independent pharmacy accounting on this bonus episode featuring Scotty Sykes, CPA, CFP's appearance on The Catalyst Pharmacy Podcast.

Want to watch the full episode? Click here.

More About the Catalyst Pharmacy Podcast:

Presented by PioneerRx, the Catalyst podcast dives into current events that are shaping how pharmacists approach their patients and their business.

Hosted by President of PioneerRx Jeff Key with cohosts Josh Howland VP of Clinical Strategy, Mark Bivins VP of Sales, and Marsha Bivins Director of Marketing.

Fuel your passion for pharmacy, one conversation at a time.

Want to learn more about PioneerRx, the Catalyst Pharmacy Podcast, and what they do? Check out all of their links below:

Catalyst Pharmacy Podcast

PioneerRx LinkedIn

PioneerRx Facebook

PioneerRx Website

PioneerRx YouTube

PioneerRx Twitter

PioneerRx Instagram

Jeff Key, President of PioneerRx LinkedIn

Marsha Bivins Director of Marketing

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 our social media:

Sykes & Company P.A.:

Facebook

Twitter

LinkedIn

CPA’s:

Scotty Sykes – CPA, CFP LinkedIn

Scotty Sykes – CPA, CFP Twitter

More resources about this topic:

Service – RX Assessment

Article – Fundamentals of Pharmacy Accounting

Podcast – Minimizing DIR Fees

Article – How to Manage DIR Fees

Webinar – DIR Fees Best Practices

bookmark
plus icon
share episode
The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. - Urgent Update: Understanding FinCEN Reporting with Scott Burnett

Urgent Update: Understanding FinCEN Reporting with Scott Burnett

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

play

01/17/24 • 38 min

Send us a text

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

bookmark
plus icon
share episode

Show more best episodes

Toggle view more icon

FAQ

How many episodes does The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. have?

The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. currently has 81 episodes available.

What topics does The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. cover?

The podcast is about Pharmacy, Management, Accounting, Podcasts, Cpa and Business.

What is the most popular episode on The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.?

The episode title 'Transforming Your Pharmacy: Supplements, Strip Packaging, and PBM Reform Featuring Bill Holmes and Matt Gilbert from RxSafe' is the most popular.

What is the average episode length on The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.?

The average episode length on The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. is 30 minutes.

How often are episodes of The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. released?

Episodes of The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. are typically released every 12 days, 22 hours.

When was the first episode of The Bottom Line Pharmacy Podcast: Sykes & Company, P.A.?

The first episode of The Bottom Line Pharmacy Podcast: Sykes & Company, P.A. was released on Aug 25, 2022.

Show more FAQ

Toggle view more icon

Comments