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What I learned Adam McLemore
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Location of Pharmacy Population of area X by 2 Rx per patient
Divided among all pharmacies in area Aim =7000 (do-able with 1 pharmacist without being overworked) Patients with choice (usually lower income, Medicaid) Low income housing Lower income usually have more Rx (5)
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Location Continued Surrounding businesses (Food Lion, chain pharmacies, physicians) Food Lion vs Publix Services offered by independents Sets out from chains Customer service, delivery Why do pharmacies in an area fail? Consider first fill and refill opportunities Collab opportunities with surrounding businesses
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Starting a pharmacy $600K Connections and expert advice
Look at the population (demographics) Talk with community members, current pharmacies, physicians, local businesses (Food Lion) Look ahead at where the business will be in 3-5 years Marketing/ advertising
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Wholesalers Primary Secondary Producer Manufacturer Packager
Repackager Distributor Generic vs brand Most generics come from 3 manufacturers
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