Unlocking Your Business Potential
Are independent pharmacies dying? Between 2010 and 2019, the number of independent pharmacies increased by more than 2,600 stores (12.9%), whereas chains lost around 80 stores (0.2%) on average. For independents the net loss in the number of stores from 2016 to 2019 was -83 (-0.3%). Read more on www.pcmanet.org For many years, independent pharmacies … Read more
Can independent pharmacy survive? Now independent pharmacies are fortunate to see margins of 3% to 5%, if they survive the pandemic at all. Much of that decline comes from the impact of pharmacy benefit managers (PBMs), which manage commercial and public health plans’ prescription drug reimbursements to pharmacies. Read more on fortune.com For many years, … Read more
Are pharmacies struggling? Nearly 90 percent of independent retail pharmacies were struggling to find technicians, according to a survey last month of more than 300 independent pharmacy owners and managers by the National Community Pharmacists Association. Independent pharmacies make up one-third of all retail pharmacies. Read more on www.nbcnews.com For many years, the pharmacy sector … Read more