Category Archives: General Topics

Pharmacy Benefit Managers—A Big Hurdle to the Future of Independent Pharmacy

A Pharmacy Benefit Manager (PBM) is a third-party administrator responsible for processing and paying prescription drug claims.  PBMs manage the use and cost of prescription drugs sold to members by establishing and managing formularies (list of covered medications), negotiating discounts … Continue reading

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Wholesalers, Buying Groups & Franchises–More Choices, More Headaches

Choosing a wholesaler can be a daunting task for a new pharmacy owner.  Prices, services and special offerings are all factors to consider in your choice of a wholesaler, but the most important factor is your comfort level in building … Continue reading

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Location, Location, Location!!!

There are a number of decisions you must make before opening your own pharmacy, but none are more important than choosing the perfect location!  The adage “Location, Location, Location” has never been truer than when you are opening a new … Continue reading

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Alone or with Partners, That is the Question!!

There is a lot of issues to consider when choosing the legal structure of your pharmacy business. You can organize your business as a Sole Proprietorship, Partnership, Limited Liability Company, S Corporation, or a C Corporation.  Which form you choose … Continue reading

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Why start a blog named “Independent Pharmacy Review”

When I wanted to start my own pharmacy business, I looked all over for guidance on this topic.  I looked to The National Community Pharmacists Association (NCPA) for information and found a treatise on “Opening a Pharmacy:   A “How to” … Continue reading

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