Thinking outside the box has allowed the Beverly Hills Pharmacy to continue its growth.
When Chris Geronsin, RPh,
started working at the Beverly
Hills Pharmacy (St. Louis, MO)
in 1977, he had no idea where it would
lead. A decade later he was holding the
keys to the pharmacy and had a new
title—owner.
Geronsin admits that he was not too
keen on owning the pharmacy when his
then boss, Dominic Vitale, approached
him. At the time, the pharmacy was filling
only 38 prescriptions a day. Geronsin
eventually agreed after Vitale asked him
several times. “He handed me the keys,
we shook on it, and he told me to pay
him when I could. I paid him off in 8
months. He gave me the opportunity of a
lifetime, and his name is still on
the door as proprietor.”
He took the opportunity and
ran with it. The once small
footprint of the pharmacy has
expanded at least 5 times to
1800 sq ft, with the pharmacy
occupying 1600 sq ft. Beverly
Hills Pharmacy now fills on average
750 prescriptions a day,
with 65% of the clientele using
the pharmacy’s free delivery
service. He said the pharmacy
makes between 125 and 200
deliveries a day. “I encourage
deliveries
because others [pharmacies]
do not, and I want to be part of it.”
The Personal Touch
The pharmacy’s success has come
through a series of small events. Early in
owning the pharmacy, Geronsin helped
a nun, who was a visiting nurse, search
for home health care supplies. He had
the supplies she needed and gave them
to her gratis. The nun remembered
Geronsin and referred one of her patients
to the pharmacy. Geronsin said he saw
that the home health care market could
be profitable. It is now a considerable
part of the pharmacy’s business. In the
late 1990s, the pharmacy began serving
patients needing HIV medications. The
pharmacy handles 300 to 400 patients
with HIV a month, and this is a large percentage
of the pharmacy’s revenue.
Word of mouth led to the Beverly
Hills Pharmacy serving the area’s professional
sports teams—the St. Louis
Cardinals and the St. Louis Rams. The
pharmacy fills prescriptions and brings
supplies to the team trainers, players,
and owners. When the National Football
League recognized the St. Louis Rams
for the “best prescription records in
the National Football League,” the team
sent the award to the pharmacy. It is
displayed on the pharmacy counter as
proof of the store’s commitment to
service. Geronsin said he enjoys working
with the professional teams, and the
perks are not too bad either. “Every kid
wants to a get a chance to walk into the
locker room, and it is still a thrill for me
every time.”
As with many independents, Beverly
Hills Pharmacy was impacted by the
Medicare Part D prescription drug benefit,
getting paid a lot less for filling
prescriptions, and reimbursement is taking
longer. On the other hand, the drug
benefit has had a positive effect on the
pharmacy. “Medicare Part D has been
good to me because patients come to
me as an expert,” he said. This patient
population makes up 60% of the pharmacy
business.
Technology Key to Success
Beverly Hills Pharmacy would not
be able to handle its current prescription
volume without technology. “We
could not complete all the scripts during
the workday and either stayed late or
delayed our deliveries to the following
day. It was clear automation was our
best course of action.”
The pharmacy invested in the
Parata RDS Robotic Dispensing
System 4 years ago. The robotic
dispensing solution was designed
to meet the needs of
pharmacies by automating up
to half of a pharmacy’s prescription
volume, with a compact
12-sq-ft machine that holds 252
dispensing cells. The machine
handles 51% of Beverly Hills
Pharmacy’s scripts.
“It took the glass ceiling
away and allowed me to grow
my business to where I never
thought. I have more time to counsel
customers and plan for my business,”
he said.
He attributes much of his success to his
employees and thinking outside the box.
“Without the people I work with, I would
not be here. I have one of the best staffs in
the world. Everyone has a talent.”
As for competition, Geronsin does not
seem too concerned. A major retail chain
store sits across the street on Natural
Bridge Road. “I do not worry too much
about the chains. A motivated independent
will do very well against a chain.”