Orlando, Fla., Oct. 14, 2013 - A team of pharmacy students from the University of Oklahoma College of Pharmacy was named the winner of the 2013 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 is runner-up, and a team representing the University of Arkansas for Medical Sciences College of Pharmacy finished as the second-runner up.
"The impressive performance of the 39 teams that competed in the 2013 contest shows that the future for these prospective independent community pharmacy owners is very bright," said NCPA President Donnie Calhoun, RPh, a pharmacy owner in Anniston, Ala. "All of the business plans were well done. The three finalists not only presented excellent written business plans, but followed up with outstanding live presentations. I want to congratulate this year's winning team from the University of Oklahoma College of Pharmacy for their impressive efforts. In addition, I want to thank the University of the Pacific Thomas J. Long School of Pharmacy and the University of Arkansas for Medical Sciences College of Pharmacy team members, who are now well-prepared to be successful pharmacy owners."
The 2013 competition drew participants from 39 schools and colleges of pharmacy. This is the first national competition of its kind in the pharmacy profession and started a decade ago. The contest is named in honor of two great champions of independent community pharmacy, the late Neil Pruitt, Sr. and the late H. Joseph Schutte. The competition's goal is to motivate pharmacy students to create a business model for buying an existing independent community pharmacy or developing a new one. Through this competition, NCPA is helping to prepare tomorrow's pharmacy entrepreneurs. The competition is supported by Good Neighbor Pharmacy, Pharmacists Mutual Companies, and the NCPA Foundation.
The three finalist teams made live presentations of their business plans before the competition judges and a large audience. The teams were also honored at the NCPA Foundation's Award Ceremony on Sunday afternoon. The results of the competition were announced during the Opening General Session of the NCPA 115th Annual Convention and Trade Exposition, held Oct. 12-16 in Orlando.
"The NCPA Foundation works tirelessly to strengthen the bonds between independent community pharmacy owners of the past, present and future to ensure patients can continue accessing and benefitting from these vital health care providers," said Sharlea Leatherwood, PD, NCPA Foundation President. "The Good Neighbor Pharmacy NCPA Pruitt-Schutte Student Business Plan Competition is our premier initiative because it offers the perfect opportunity for future pharmacy owners to learn from current pharmacy owners about successful business."
The University of Oklahoma College of Pharmacy participants were team captain John Lugafet; members Renee Anderson, Naomi Kozlowski, Tobi Olusola; team advisors Eric Johnson, MBA, MS, CPA, and Justin Wilson, PharmD; and the dean, JoLaine R. Draugalis, RPh., PhD. 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 2014 Multiple Locations Conference.
The University of the Pacific Thomas J. Long School of Pharmacy participants were team captain Akram AbouKhalil; members John Chu, Xin Fang, Pedram Gabayan; team advisor Edward Sherman, PharmD; and the dean, Phillip R. 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 Arkansas for Medical Sciences College of Pharmacy participants were team captain Bethany Jensen; members Emily Kordsmeier, Tyler Martin, Melody Williams; team advisor Schwanda Flowers, PharmD; and the dean, Stephanie Gardner, PharmD, EdD. Their chapter received $1,000, and $1,000 was contributed to the school in the dean's name to promote independent pharmacy.
All newly participating schools receive a plaque commemorating their participation in the competition. Schools that already were awarded a plaque in a previous year receive an engraved plate to add to their plaque. Teams placing in the top 10 receive a special plate acknowledging this distinction.
The remaining finalists in the top 10 are: the University of Buffalo School of Pharmacy and Pharmaceutical Sciences; the University of Colorado Skaggs School of Pharmacy and Pharmaceutical Sciences; the University of Kentucky College of Pharmacy; the University of Minnesota College of Pharmacy; the University of Oklahoma at Tulsa College of Pharmacy; the University of Rhode Island College of Pharmacy; and Washington State University College 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 were Brad Arthur, RPh, Black Rock Pharmacy; Whitney Bouknight, Live Oak Bank; David Carter, RPh, Riggs Drugs Inc.; Hugh Chancy, RPh, Chancy Drugs; Frances Cohenour, Chad's Payless Pharmacy; Danny Cottrell, RPh, Medical Center Pharmacy; Diana Courtney, South Salem Apothecary; Glenn Eldridge, RPh, Grandview Pharmacy; Robert Frankil, RPh, Sellersville Pharmacy; Cheri Garvin, RPh, Leesburg Pharmacy; L. Preston Hale, RPh, QS/1 Data Systems; Holly Henry, RPh, NCPA Past President, Rxtra Care Pharmacy; Ed Horton, RPh, Tanglewood Pharmacy; Jennifer Hughes, PharmD, Greenwood Drug; Deborah Leedahl, RPh, InHealth Compounding Pharmacy; Nasir Mahmood, RPh, Pine Plains Pharmacy; Matt Mallinson, RPh, Matt's Medicine Store; Dorinda Martin, RPh, PharmD, Dripping Springs Pharmacy; Randall Myers, RPh, Harry's Pharmacy, and Hamid Mohaghegh, RPh, Family Pharmacy.
The judges for this year's live competition were: Robert Greenwood, RPh, NCPA Past
President; Gerald Shapiro, P.D., NCPA Foundation Board of Trustee; Richard M. Berke, CPA,
CMA, FLMI, PMP, Senior Vice President-East Team Pharmacists Mutual Companies; George
P. Rafferty, Senior Vice President Community & Specialty Pharmacy Sales,
AmerisourceBergen Drug Company; and Ed Webman, RPh, Senior Loan Officer, Live Oak
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 an $88.7 billion health care marketplace, dispense nearly 40% of all retail prescriptions, and employ more than 300,000 individuals, including over 62,000 pharmacists. To learn more go to www.ncpanet.org or read NCPA's blog, The Dose, at http://ncpanet.wordpress.com/.
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