Healthy Growth for Independents in '04

Ken Rankin
Published Online: Friday, July 1, 2005

The demand for prescription drugs at America's independent community pharmacies is on the rise. Last year, the typical independent dispensed more than 59,000 Rxs—an average of 190 per day, according to newly released results from the 2005 Pfizer Digest.

Total dollar sales among the nation's 34,345 independent pharmacies climbed by a solid 6% to an average of $3.46 million per store in 2004. Prescription sales increased at an even faster 9% clip last year, however, accounting for 92% of the average store's total dollar sales.

The Digest found that gross margins at independent pharmacies slipped from 24% in 2003 to 22.2% last year. Yet, net pretax profit held steady at 4% of sales.

The new Pfizer study also suggests that independent pharmacies are offering patients a wide range of services, including prescription delivery (85% of the pharmacies surveyed); nutrition services (84%); patient charge accounts (83%); and compounding (73%).

Latest Articles
Pharmacists might be surprised to learn that Pinterest is a hotbed for anti-vaccine sentiment.
The FDA has approved betamethasone dipropionate spray, 0.05%, as a treatment for mild to moderate plaque psoriasis in patients aged 18 years and older.
Medication errors injure thousands of patients annually, and while mistakes occur with all medication classes, those involving antiretroviral therapies are particularly troublesome.
Acute respiratory infections such as the common cold are often accompanied by cough and congestion caused by mucus hypersecretion.
Latest Issues