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Independent Pharmacy Today
Independent pharmacy: $84 billion marketplace
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Independent pharmacy prescription sales: $78 billion
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Independents dispense 1.4 billion prescriptions annually
- 41% of the retail prescriptions
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Prescription medicines are our business: 92.4% of annual sales are Rx medicines
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Average independent pharmacy sales: $3.6 million
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Average prescription sales: $3.49 million
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Average number of prescriptions per pharmacy: 61,087 annually, 196 per day
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Independent Ownership
- Over 30% of independent owners have ownership in two or more pharmacies
- Overall, the average independent owns 1.69 pharmacies
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Independent pharmacies offer a wide range of patient services
- The top services offered in 2005 were: nutrition (91%), delivery (86%), charge accounts (86%),
compounding (79%), and herbal medicine (75%)
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Staffing in independent pharmacies
- Average independent employs 13.4 full-time equivalent (FTE) employees
- Average independent employs 3.2 FTE pharmacists (including owner)
- Average independent employs 4.6 FTE technicians
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Generic drug utilization
- 58% of drugs dispensed by independent pharmacies are generics
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