The Surprising Future of Independent Pharmacy

June 24, 2015

Lester Nathan, The Pharmacy Sage, discusses the future of independent pharmacy.

Drawing upon more than 22 years of experience in working with independent pharmacists, Lester Nathan, The Pharmacy Sage, discusses the future of independent pharmacy and offers insights on ways to make money as an independent pharmacist.

As pharmacy schools increasingly focus their curricula on clinical pursuits, the number of pharmacy students who graduate with the goal of starting an independent pharmacy are dwindling. Combined with the current unforgiving marketplace and the frustrations that all business owners are bound to experience, many pharmacists immediately dismiss going into business for themselves.

To make matters appear worse, many independent pharmacies are closing or selling to large chains.

But Nathan says independent pharmacies can be successful, noting the possibilities for independent pharmacies exist in great denominations.