Pharmacy Ownership Academy Education LIVE Webinar Series

This monthly live webinar series for pharmacy owners and future owners covers a wide range of business-focused topics. Join us the second Wednesday of every month for a live, one-hour webinar to discover new ideas and ways to succeed in pharmacy ownership. (Each webinar provides 1.0 contact hours (0.1 CEUs) of CE credit.)

Upcoming Webinar Topics:

December 13, 2 p.m. ET: Compounding: 2017 Preview
ACPE # 0207-0000-16-045-L04-P
ACPE # 0207-0000-16-045-L04-T
Activity Type: Application-based
1.0 contact hours (0.1 CEUs)
Release date: December 13, 2016
Expiration date: December 13, 2019

During this webinar, hear the latest updates on FDA activity regarding office use compounding, inspections, the MOU addressing interstate shipment of compounds, and positives and negatives lists. Also addressed will be what changes in processes and physical layout will need to be implemented to be in compliance with USP <800> Hazardous Drugs-Handling in Healthcare Settings, which may be enforceable beginning on July 1, 2018.

Pharmacist and Pharmacy Technician Learning Objectives:

  1. Discuss the current position of the FDA on compounding and the ramifications for your compounding practice.

  2. Explain how office use compounding and the memorandum of understanding are being addressed by the FDA and state boards of pharmacy and potential practice effects for compounding pharmacies.

  3. Explain how hazardous drugs are defined by USP <800> and require engineering controls and facility design.

Speakers: John Voliva, PharmD, Executive Vice President, IACP, Missouri City, Texas; Ronna B. Hauser, PharmD, Vice President of Pharmacy Affairs, NCPA, Alexandria, Va.

REGISTER FOR THE DECEMBER WEBINAR


Previous Webinars:

February 10, 2 p.m. ET: Tax Planning Issues for Community Pharmacy Owners

This webinar covered important tips to talk to your CPA about this year's taxes and future planning, taking your business from today into the future as you prepare to transition your business to the next generation pharmacy owner.

Tax Planning Issues for Community Pharmacy Owners

Ollin B. Sykes, CPA, CITP, CMA

March 9, 2 p.m. ET: Pharmacy Valuation

Every buyer needs to determine the pharmacy's true worth in the marketplace to decide what you are willing to pay for it. There are several common valuation methods that provide an approximation of value. Some of the most commonly used models rely on actual numbers from a financial statement or tax return. During this March webinar, get an in-depth look at factors that may have an impact on the value of the pharmacy you are looking to purchase.

 

Pharmacy Valuation

Lisa Schwartz, Pharm.D., NCPA

April 13, 2 p.m. ET : Financing the Dream—Buying or Expansion in Community Pharmacy

New opportunities are rapidly developing for community pharmacy, and the time is right to take the plunge and become the owner of your own pharmacy. If you are already an owner, new opportunities often mean expansion to meet the market head on and grow. This program examined facts about applying for a loan and brought participants up-to-date on the trends that lenders are seeing in pharmacy buyout and expansion.

Financing the Dream - Buying or Expansion in Community Pharmacy

Bob Graul, First Financial Bank

View Presentation

May 11, 2 p.m. ET: How to Build Value for Your Retirement and Protect Your Legacy for the Future

In this presentation, experts in planning and investment explained the basic tools for designing an estate plan including wills, powers of attorney, health care directives and living trusts. The program also examined titling of assets, beneficiary structure, buy-sell arrangements, gifting and income shifting strategies, grantor trusts, and charitable giving strategies, all of which are specifically useful for owners of closely-held businesses.

How to Build Value for Your Retirement and Protect Your Legacy for the Future
Lawrence C. Barrett, CLU, ChFC, Independent Pharmacy Consulting Group, LLC, Cleveland, Ohio; Thomas H Craft, CPA, PFS, AEP, Independent Pharmacy Consulting Group, LLC, Cleveland, Ohio

View Presentation

June 8, 2 p.m. ET: Community Pharmacy in Transitions of Care
Due to technical difficulties the first few minutes of Josh Aker’s presentation did not get recorded.

This program examined transitions of care, one of the hottest topics across health care as hospitals face mounting penalties from CMS based on readmission rates and health systems transition into new payment models focused on reducing high-cost care and improving overall patient outcomes.

Community Pharmacy in Transitions of Care
Kevin C. Day, PharmD, Executive Resident, NCPA, Alexandria, Va., and Josh Akers, PharmD, Kelley-Ross Pharmacy Group, Seattle, Wash.

Presentation

July 13, 2 p.m. ET: Using Technology to Enhance Your Opportunities in Expanded Pharmacy Services

This session examined how to make the most of key technologies that help you respond to the challenges to successful integration with other health care providers and important considerations when looking into new technology options.

Using Technology to Enhance Your Opportunities in Expanded Pharmacy Services
Bri Morris, PharmD, Associate Director, Strategic Initiatives, NCPA, Alexandria, Va.; Ashley Branham, PharmD, Director of Clinical Services, Moose Pharmacy, Concord, N.C.

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August 10, 2 p.m. ET: Genetic Testing: Coming to a Pharmacy Near You

This webinar examined how pharmacogenetics (PGx) is fundamentally changing medication management while presenting a unique opportunity for pharmacists to be viewed as innovators in the community. With PGx testing, pharmacists can now provide medication advice based on a patient’s individual genetic profile—advice that is specific to that patient.

Genetic Testing: Coming to a Pharmacy Near You
Nick Newman, PharmD, Uptown Pharmacy, Westerville, Ohio

Presentation

Handout

September 14, 2 p.m. ET: Innovation for Pharmacy Growth

Challenges to the independent pharmacy community are fast and furious. Many pharmacy owners are forced to "think outside the box" about the trends and options available to independent pharmacies that can lead to change and growth. During this webinar, Live Oak Bank's General Manager of Pharmacy Lending, Jimmy Neil, discussed ideas for innovation and growth as well as available funding for some non-traditional uses of proceeds.

Innovation for Pharmacy Growth
Jimmy Neil, General Manager, Pharmacy Lending, Live Oak Bank, Wilmington, North Carolina
(Presentation to be posted soon – please check back)

November 9, 2 p.m. ET: Expanding the Diabetes Care Niche in Your Community Pharmacy - Enhancing Patient Care and Improving Profits
ACPE # 0207-0000-16-029-L04-P
ACPE # 0207-0000-16-029-L04-T
Activity Type: Application-based
1.0 contact hours (0.1 CEUs)
Release date: November 9, 2016
Expiration date: November 9, 2019

Approximately 29 million people in the United States have diabetes, making them an increasingly common patient for your community pharmacy. These patients present an excellent opportunity for better patient outcomes through enhanced services and a profitable business niche. This peer-led program will share valuable insights in expanding your diabetes niche, patient outreach, products, and educational resources to increase your profits and your patients' overall health.

Pharmacist and Pharmacy Technician Learning Objectives:

  1. Discuss the ways that a community pharmacy can support its diabetes patients.

  2. Evaluate added services and their impact on your patient population.

Expanding the Diabetes Care Niche in Your Community Pharmacy—Enhancing Patient Care and Improving Profits
Jonathan Marquess, PharmD, CDE, CPT President, The Institute for Wellness and Education, Woodstock, Ga.

Presentation