Pharmacy Ownership Workshop to be Held in Richmond from August 20-22

Alexandria, VA - August 09, 2010

 

Limited spaces are available for the National Community Pharmacists Association's (NCPA) Pharmacy Ownership Workshop from August 20-22 at the Holiday Inn Richmond Airport Hotel in Richmond, Virginia. Sponsored by Pharmacists Mutual Companies, Cardinal Health and McKesson, the three-day session offers 18 hours of continuing education credits for pharmacists seeking to purchase an existing store, or open up a new one, or for existing owners to polish up important management skills.

This is the program's last offering in 2010. Launched in 1999, it is part of the multi-faceted, comprehensive NCPA Ownership Academy, which helps pharmacists navigate every step of the entrepreneurial process from buying to selling a pharmacy, as part of the association's focus on increasing the number of independent community pharmacy owners throughout the country.

"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, "Independent community pharmacy owners pride themselves on the personal touch they provide patients in achieving the best possible health outcomes. NCPA's Pharmacy Ownership Workshop is our way of providing prospective owners with the personal touch they need to get to their desired outcome."

The topics covered in the program include:
  • Developing and Maintaining a Successful Pharmacy Practice
  • Creating a Successful Pharmacy Business Plan
  • Planning for Successful Growth
  • Business Owner Roles, Responsibilities, and Management Styles
  • Comprehensive Business Start up Checklist
  • Financial Planning for a Successful Practice
  • Understanding the Loan Approval Process
  • Determining Your Pharmacy's Financing Needs
  • How to Market Your Pharmacy Practice
  • Assessing Technology Needs for the Pharmacy
  • Legal and Accounting Advice for the Beginning Owner
  • Business Experiences of an Owner/Past Workshop Grad

A wide variety of experts will participate, including Richard Jackson, Professor and Director of Mercer's Center for Community Pharmacy Practice and Research, who has been published in 65 journals and five books, and is the editor of NCPA'S widely-praised, interactive Effective Pharmacy Management CD-ROM; and Scott Weaver, Director of Pharmacy, PRS (Pharmacy Relief Services) Pharmacy Services, which helps pharmacies with every aspect of their businesses. Other experts are Jeff Baird of Brown & Fortunato, P.C., Tim Davis, owner of Beaver Health Mart Pharmacy; Chip Mahan, CEO, Live Bank; Bill Popomaronis, NCPA Vice President of LTC/HHC; Dan Strause, CFO, Greenwoods Financial Group; Liz Tiefenthaler, President, Pharm Fresh Media; and Craig Wear, owner of Wear Drugs.

Past participants have offered testimonials to the effectiveness of the Pharmacy Ownership Workshop in surveyed responses like:

  • "I really enjoyed the workshop and took a wealth of information away from it. It is a good service NCPA does and I will encourage others to attend if they are interested in independent ownership."
  • "As a new grad entering a junior partnership, I found useful information in every aspect of the workshop. Of particular value were the business plan, financial projection, and junior partnership presentation by Richard Jackson. I also found a lot value in the banking, legal, and technology presentations. Those alone made the workshop worth the initial outlay."
Registration includes two-nights lodging, 5 meals, tuition and continuing education processing. To register either go onlineor call 1-800-544-7447, extension 2670.

The National Community Pharmacists Association (NCPA®) represents America's community pharmacists, including the owners of more than 22,700 independent community pharmacies, pharmacy franchises, and chains. Together they represent an $88 billion health-care marketplace, employ over 65,000 pharmacists, and dispense over 40% of all retail prescriptions. To learn more go to www.ncpanet.org or read NCPA's blog, The Dose, at http://ncpanet.wordpress.com.

Ask Your Family Pharmacist TM