Pharmacy Educational Reads

You have chosen to become a pharmacy owner, and decided to acquire an existing practice. However, still unanswered, is the $1 million question: How do I get the million to buy a pharmacy? Surprisingly, funding a pharmacy acquisition is achievable

With the average pharmacy owner about 60 years old, it is expected in the coming decade that more than 60 percent of independent pharmacies, or some 1,000 annually, will trade or change ownership.

The VanCampens bought their first pharmacy in 2008, through Live Oak Bank, a North Carolina-based business specializing in pharmacies.

Over the years, you have made lifelong customers who have placed their utmost trust in you, hired employees you are proud to call friends, and your pharmacy has become a fixture in the community. But the time has finally come

Understanding the pharmacy’s financials is critical to measuring the health and progress of the business and the efficiency of its financial management.

Many pharmacists are unaware that implementing health information technology has been a big strategic push on the part of the Federal government since 2004.

Recent consumer research conducted by the National Association of Community Pharmacists (NCPA) illuminates some interesting differences in perceptions between what pharmacists think their customers want and what those customers actually desire.

It’s the million dollar question: Do I buy an existing pharmacy, or do I start my own from scratch? Compelling arguments exist for both options.

Inspiration for new business ideas for the pharmacy can come from just about anywhere depending on how observant and creative the pharmacist/owner may be.