Philadelphia, Pa. - Oct. 25, 2010
The National Community Pharmacists Association (NCPA) and McKesson Corporation have partnered to extend NCPA's Ownership Workshop program to help hundreds of pharmacists realize the dream of running their own pharmacy practice. The agreement was announced during the Second General Session of NCPA's 112th Annual Convention and Trade Exposition held October 23-27.
Under the arrangement, the program will be known as the NCPA Ownership Workshop sponsored by McKesson. The healthcare services and information technology company has pledged $1 million to sponsor the program for five years. Two five-year options mean the partnership could run for as long as 15 years and produce up to $3 million in sponsorships.
"For many practicing pharmacists and pharmacy students looking into pharmacy ownership, their unfamiliarity with the process often prevents them from taking the plunge," said Joseph H. Harmison PD, NCPA president and pharmacy owner in Arlington, Texas. "NCPA's Pharmacy Ownership Workshop provides all the tools necessary to help participants become successful independent community pharmacy owners."
Harmison added, "We are proud to partner with McKesson, an industry-leading healthcare services company. Most workshop participants go on to own their own pharmacy. What started out as an annual event will be held three times throughout 2011. Our partnership with McKesson will allow even more pharmacists to attend this important event."
"McKesson is excited to partner with NCPA to help secure the future of the independent pharmacy," said Bob Graul, vice president, McKesson RxOwnership. "The process of buying a pharmacy is extremely complex, and the Ownership Workshop will ensure that pharmacists get the support they need to become owners. McKesson's experience with pharmacy ownership-transfer situations, matched with NCPA's experience and resources, will help keep the heritage of the independent pharmacy thriving."
Launched in 1999, the workshops help pharmacists navigate every step of the entrepreneurial process of purchasing and operating an independent community pharmacy. The program is part of the multi-faceted NCPA Ownership Academy. The Academy offers comprehensive support to pharmacists from buying to selling a pharmacy, and is central to the association's focus on increasing the number of independent community pharmacy owners throughout the country.
The National Community Pharmacists Association Ownership Workshop sponsored by McKesson will be offered three times in 2011. Sessions are scheduled for Feb. 4-6 at The Westin Atlanta Airport, Atlanta, Ga.; May 20-22 at the Hyatt Regency Buffalo, Buffalo, New York; and August 19-21 at the Minneapolis Airport Marriott, Minneapolis, Minn.
The topics covered in the program include Creating a Successful Pharmacy Business Plan; Financial Planning for a Successful Practice; How to Market Your Pharmacy Practice; and Legal and Accounting Advice for the Beginning Owner.
To register, go to www.ncpanet.org/calendarncpa/index.php or call 1-800-544-7447, extension 2670.
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, pharmacy franchises, and chains. Together they represent a $93 billion health-care marketplace, have more than 315,000 employees including 62,400 pharmacists, and dispense over 41% of all retail prescriptions. To learn more go to www.ncpanet.org or read NCPA's blog, The Dose, at http://ncpanet.wordpress.com.
McKesson Corporation, currently ranked 14th on the FORTUNE 500, is a healthcare services and information technology company dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes, and improving the quality and safety of patient care. Over the course of its 177-year history, McKesson has grown by providing pharmaceutical and medical-surgical supply management across the spectrum of care; healthcare information technology for hospitals, physicians, homecare and payors; hospital and retail pharmacy automation; and services for manufacturers and payors designed to improve outcomes for patients. For more information, visit http://www.mckesson.com.
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