The profession of pharmacy owner is unique yet complex. Simply put, it is a healthcare professional running an intricate business that needs to sustain its profitability in order to continue to exist and provide patients with the care they need and expect. The uniqueness of the pharmacy business model comes from the fact that the pharmacy owner is running a business that is highly regulated and guarded by moral obligations, ethics and sandards of practice. Upon successful completion of this lesson, the pharmacist will be able to: 1. Get an overview of the new elements,conditions and restrictions introduced by the “drug reform” 2. Understand the changes the drug reform is bringing to the pharmacy sector 3. Comprehend the impact of the reform on their business model and profitability 4. Become familiar with basic terms in business and their meaning; assess a business model through the fundamental terms of business 5. Expand their scope of learning about potential new revenue streams for their pharmacy 6. Learn how to analyze their pharmacy’s business and identify areas of weakness and areas of opportunity 7. Learn how to create a basic Profit and Loss (P&L) statement for their business

This CE is produced by Pharmacy Practice through an unrestricted educational grant from Mylan.
Reprinted with permission from Pharmacy Practice

December 1, 2011

November 1, 2011

October 26, 2011