The Hidden Truth About Independent Pharmacy Revealed

JUNE 13, 2016

There are pros and cons in every pharmacy practice setting, but independent pharmacies may have more cons than others.
That’s why I was shocked when Lester Nathan told me about a model that adds freedom to the independent pharmacy owner’s life, rather than stress. I found it difficult to believe, but in this episode of Pharmacy Life Radio, he shares:

  • Why any pharmacist can become a pharmacy owner
  • How this business form creates less stress than the typical retail chain pharmacy
  • When a pharmacist could expect to see profitability
  • Why competing with retail chain stores is an awful idea, and what to do instead

I was rather surprised by Lester’s tactics to make a business profitable within 6 to 12 months. Most traditional stores don’t break even until 12 to 18 months after opening.
Let’s face it: the independent pharmacy model is painted poorly to most pharmacists and pharmacy students. Common beliefs about independent pharmacy include:

  • Lower profit margins
  • Delays in payment
  • Higher cost of health care (for patients and employees)
  • “Working the numbers”

But, according to Lester’s clients, there’s an innovative way to serve as independent pharmacists. Take a listen and consider joining the new wave of pharmacy.

Alex Barker, PharmD
Alex Barker, PharmD
Alex Barker is the founder of The Happy PharmD, which helps pharmacists create an inspiring career, break free from the mundane "pill-flipping" life. He is a Full-time Pharmacist, Media Company founder, franchise owner, Business Coach, Speaker, and Author. He's also the Founder of Pharmacy School HQ, which helps students get into pharmacy school and become residents.