San Diego, CA (October 15, 2012)
A team of pharmacy students from the University of Arkansas for Medical Sciences College of Pharmacy was named the winner of the 2012 Good Neighbor Pharmacy National Community Pharmacists Association (NCPA) Pruitt-Schutte Student Business Plan Competition. A team from the University of the Pacific Thomas J. Long School of Pharmacy & Health Sciences was runner-up, and a team representing the University of Kentucky College of Pharmacy finished as the second-runner up.
"The 40 teams participating in the 2012 Good Neighbor Pharmacy NCPA Pruitt-Schutte Student Business Plan Competition all did a wonderful job in creating viable strategies for ownership of an independent community pharmacy," said Lonny Wilson, DPh, NCPA President and pharmacy owner in Oklahoma City, OK. "Their elaborate business plans were examined by a distinguished panel of pharmacy experts, who gave them the type of invaluable feedback that any prospective pharmacy owner should be so lucky to have. However, every competition has a winner, so I would like to congratulate the University of Arkansas for Medical Sciences College of Pharmacy as the winner; the University of the Pacific Thomas J. Long School of Pharmacy & Health Sciences as the runner-up; and the University of Kentucky College of Pharmacy as the second runner-up."
The 2012 competition drew a record number of entries from 40 schools and colleges of pharmacy and four schools and colleges of pharmacy submitted a plan for the first time. This is the first national competition of its kind in the pharmacy profession and started nine years ago. The contest is named to honor two great champions of independent community pharmacy, the late Neil Pruitt Sr. and the late H. Joseph Schutte. The goal of the competition is to motivate pharmacy students to create a business model for buying an existing independent community pharmacy or developing a new pharmacy. Through this competition, NCPA is better able to prepare tomorrow's pharmacy entrepreneurs for a successful future. The competition is supported by Good Neighbor Pharmacy, Pharmacists Mutual Companies, and the NCPA Foundation.
The three finalist teams and advisors made live presentations of their business plans before the competition judges and an audience during the annual convention after receiving complimentary registration, travel, and lodging. Wilson announced the results of the competition during the Opening General Session of the NCPA 114th Annual Convention and Trade Exposition held October 13-17 at the San Diego Convention Center. The teams were honored at the NCPA Foundation's Award Ceremony.
"The NCPA Foundation is committed to connecting independent community pharmacy owners of the past, present and future to ensure millions of patients across America have access to these critical health care providers," said Sharlea Leatherwood, PD, NCPA Foundation President. "The Good Neighbor Pharmacy NCPA Pruitt-Schutte Student Business Plan Competition is our signature program because it provides the type of 'dry run' to developing a successful business plan that any prospective owner could benefit from. And if the past is prologue then some of today's participants will be owners in the future."
The University of Arkansas for Medical Sciences College of Pharmacy participants were team captain Brandyn England; members Tyler Shinabery, Kevin Barton and Blake Johnson; team advisor Schwanda Flowers, PharmD; and the dean is Stephanie Gardner, PharmD, EdD. Their chapter received $3,000 and $3,000 was contributed to the school in the dean's name to promote independent pharmacy. The team members, team advisor, and the dean will also receive complimentary registration, travel, and lodging to NCPA's 2013 Multiple Locations Conference.
The University of the Pacific Thomas J. Long School of Pharmacy & Health Sciences participants were team captain Daniel Huynh; member Nataliya McElroy; team advisor Edward Sherman, PharmD; and the dean is Phillip Oppenheimer, PharmD. Their chapter received $2,000 and $2,000 was contributed to the school in the dean's name to promote independent pharmacy.
The University of Kentucky College of Pharmacy participants were team captain Ashley Lanham; members Jessica Cox and Sara Holliday; team advisor Kenneth Roberts, PhD, MBA; and the interim dean is Patrick McNamara, PhD. Their chapter received $1,000 and $1,000 was contributed to the school in the dean's name to promote independent pharmacy.
All participating schools receive a plaque commemorating their participation in the competition. Each year, competing schools receive an engraved plate to add to their plaque, and teams placing in the top 10 receive a special plate acknowledging this distinction. The remaining teams in the top ten, in alphabetical order, include Drake University College of Pharmacy and Health Sciences, Mercer University College of Pharmacy and Health Sciences, Ohio Northern University Raabe College of Pharmacy, University of Colorado Skaggs School of Pharmacy, University of North Carolina Eshelman School of Pharmacy, University of Southern California School of Pharmacy, and the University of Washington School of Pharmacy.
NCPA recognized the time and effort invested to develop each and every business plan by providing all teams with the opportunity to present a poster outlining their plan at the NCPA Convention. All convention attendees were invited to attend and exchange ideas and feedback with the teams regarding their innovative business models.
Judges for this year's written competition wereGregory Adams, RPh, Salisbury Pharmacy; Brad Arthur, RPh, Black Rock Pharmacy; Brian Caswell, RPh, Wolkar Drug; Hugh Chancy, RPh, Chancy Drugs; Danny Cottrell, RPh, Medical Center Pharmacy; Glenn Eldridge, RPh Grandview Pharmacy; Brian Faulk, Live Oak Bank; Caity Frail, PharmD Colony Drug; Cheri Garvin, RPh Leesburg Pharmacy; Steve Giroux, RPh, NCPA Past President, Middleport Family Health Center; L. Preston Hale, RPh, QS/1 Data Systems; Holly Henry, RPh, NCPA Past President, Rxtra Care Pharmacy; Jennifer Hughes, PharmD, Greenwood Drug; Janet Kusler, RPh; Kusler's Pharmacy; Deborah Leedahl, RPh, InHealth Compounding Pharmacy; Nasir Mahmood, RPh, Pine Plains Pharmacy, Matt Mallinson, RPh, Matt's Medicine Store;
Pam Marquess, PharmD, East Marietta Drug; Randall Myers, RPh, Harry's Pharmacy;
Hamid Mohaghegh, RPh, Family Pharmacy; Richard Moon, PharmD, Pharmacy Innovations; Joe Moose, PharmD, Moose Professional Pharmacy; Audrey Parks, PharmD, Western Maine Pharmacy, Inc.; Beverly Schaefer, RPh, Katterman's Sand Point Pharmacy; Gerald Shapiro, PD, NCPA Foundation Board of Trustee, Uptown; Drug Company; Stacey Swartz, PharmD, Neighborhood Pharmacy; Theresa Tolle, RPh, Bay Street Pharmacy, Ed Webman, RPh, Live Oak Bank; Charles West, PD, NCPA Past President; Justin Wilson, PharmD, Valu-Med Pharmacy; Lea Wolsoncroft, RPh, KidsMeds Pharmacy.
The judges for this year's live competition were: Robert Greenwood, RPh, NCPA Immediate Past President; Sharlea M. Leatherwood, PD, NCPA Foundation President; Ray Marcrom, RPh, Marcrom's Pharmacy, Inc.; Shirley A. Pierson, CISR, AU, Senior Vice President, Pharmacists Mutual Insurance Companies; and Ed Webman, RPh, Senior Loan Officer, Live Oak Bank.
The NCPA Foundation is a nonprofit 501(c)(3) organization established in 1953 to honor former NARD Executive Secretary John W. Dargavel. Contributions to the NCPA Foundation are tax-deductible to the extent permitted under federal tax law. The Foundation supports the growth and advancement of independent community pharmacy through low-interest educational loans and scholarships to pharmacy students in need, critical research and programs to improve the success of independent pharmacy, and financial assistance to community pharmacy owners for their recovery in the event of disaster, accidents, illness, or adverse circumstances. To learn more go to www.ncpafoundation.org.
The National Community Pharmacists Association (NCPA®) represents the interests of America's community pharmacists, including the owners of more than 23,000 independent community pharmacies. Together they represent a $93 billion health care marketplace, dispense nearly 40% of all retail prescriptions, and employ more than 315,000 people, including 62,400 pharmacists. Independent community pharmacists are readily accessible medication experts who can help lower health care spending. They are committed to maximizing the appropriate use of lower-cost generic drugs and reducing the estimated $290 billion that is wasted annually by improper medication use. To learn more go to www.ncpanet.org or read NCPA's blog, The Dose, at http://ncpanet.wordpress.com.
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