HCC Pharmacy Business Solutions

Pharmacy Regulatory Compliance

2009-07-19T14:48:00.000-07:00

Regulatory Compliance for PharmaciesHow to prepare for, survive, and recover from a regulatory inspection　There was a time not too long ago when a pharmacists’ sole concern was getting the right drug to the right patient in a timely manner. Though patient safety and accurate medication dispensing is still paramount, the pharmacists attention is increasingly drawn to compliance with an ever

Part 2 Why are IV Drugs so Expensive

2009-06-15T17:13:00.000-07:00

Part Two- The cost of the DrugNow as for the actual cost of the drug! There are "brand names" and there are "generics". The brand named drug is the first to hit the market, and is protected for a number of years to allow the manufacturer to recoup it’s development costs. At times a drug may cost 98 cents, but the company will charge $4,000.00 for a dose of that drug. Wow, that’s a lot of

Why Are IV Drugs So Expensive- Part 1

2009-06-05T09:39:00.000-07:00

Why are IV drug so expensive?Why are IV drug so expensive? Not surprisingly, that’s a question I often hear when people must pay for their therapy.Well, the answer is both simple and complex. Simple, because many of the raw ingredients are expensive! Complex because there is a lot that goes into the manufacture of your IV preparation. If you saw us mix your drug you’d think our staff was walking

Inside Infusion Pharmacy

2009-05-19T12:02:00.000-07:00

I am very excited to bring in a guest writer who knows more about home infusion and infusion pharmacy in general. Next week, we will start a 4 part series on "Why infusion medications are so costly". This article was written by David Kazarian, the president of Infuserve America. It is a rather long article and was written as a response to the many inquiries he has received over the years by

Error or Indictment of a Profession

2009-05-04T19:47:00.000-07:00

Error or Indictment of a Profession ?As an animal lover, I too was horrified by the news of the Polo horses’ deaths. I cannot fathom the sight of seeing these beautiful animals dropping like flies in front of the people who care and love them. It is a horrible thought watching animals dying in front of those who have spent countless hours raising them as they would their own children. I know for

Vertically Integrating Pharmacy Services

2009-04-27T16:44:00.000-07:00

Vertically Integrate to a Pharmacy ModelThe Thought ProcessConsolidation! Merger! Down Size!We have heard these phrases so much over the years, they almost have lost their meaning, or at least they have lost the visceral feeling we have to hearing them. I know certainly they have in the pharmacy arena where most of us lament the loss of the neighborhood drug store, where we knew everyone and

Buy or Build a Pharmacy -Conclusion

2009-04-05T18:37:00.000-07:00

Week Five- "Decisions, Decisions"- How do I know what is right for me?We have come to the point where we have reviewed many of the positive aspects of buying an existing pharmacy. We have looked at many of the considerations that should be kept in mind that may cause problems or have a negative impact in the growth of your business when buying an existing pharmacy.We have also looked at many of

Week 4 Build or Buy a pharmacy- I think I am going to stand in traffic.

2009-03-29T19:06:00.000-07:00

Entering the Pharmacy Business- Do I Build or Buy?This is week 4 of a 5 week series on Should I Build or Buy a Pharmacy?Week Four- “I think I am going to stand in traffic” – The disadvantages of starting brand new.Last week I raised many advantages of a shiny new pharmacy. All things that would bring out the ideas, pride, and dreams that you have had for ages standing behind the counter,

Week 3 Building your own Pharmacy - I Have A Dream

2009-03-22T17:17:00.000-07:00

Week Three- "I have a Dream"- The advantages of Building your own Pharmacy!Chances are if you one day dreamed of opening your own pharmacy, you have probably have had thousands of ideas of how it would look. How it would be different. Ideas of how you would help your patients and clients manage their pharmaceutical regimens better, brought feelings of pride. Your Pharmacy would be different and

Build or Buy a Pharmacy - week 2

2009-03-14T10:55:00.000-07:00

I didn’t see that pothole”- the disadvantages of buying an existing pharmacy. Like we have said in the previous article, the conventional wisdom is that purchasing an existing pharmacy is the best way to go. If you can buy a good pharmacy, (and that is a big IF) that is a “preferred” method for entering into the pharmacy business. It however it does not come without potential potholes and

Starting a Pharmacy-Should I build or Should I Buy

2009-03-02T13:45:00.000-08:00

Should I build or should I buy?Last week we discussed this question and in our blog we told you we would do a five part article on the plusses and minuses of building or buying a pharmacy.Here is the first in the series.Week One – “The industry wisdom”, advantages of buying an existing PharmacyBuy-Advantages, let’s take the conventional wisdom first. If you can find a good pharmacy to buy, you

Entering the Pharmacy Business-Do I Build or Buy?

2009-02-22T08:41:00.000-08:00

Entering the Pharmacy Business- Do I Build or Buy?So you want to be in the pharmacy business. You have a passion, you know you could provide better service to patients, you have a unique idea, or you see a void in the market. Perhaps it is an opportunity just waiting for someone to take advantage.No matter what your reason, as you begin assembling your thoughts, or you are doing your homework or

2009-02-15T09:22:00.000-08:00

Now that you have a clearly defined goal, and you are sure that it is Time to Sell, Your Pharmacy, are you prepared to sell?What can I do to improve my pharmacy’s marketability?1. Curb Appeal,a. Just like in real estate, “if I was looking to buy a pharmacy, would I buy this pharmacy. b. Pictures will often be used to profile your pharmacy, and pictures hide a lot. However the worst thing is to

Is It Time To Sell Your Pharmacy

2009-02-08T09:55:00.000-08:00

Welcome to the first Article from HCC Pharmacy Business Solutions and Pharmacy Matchmakers. Is It Time To Sell Your Pharmacy? Part 1 by Dean A. Pedalino R.Ph, C.Ph. FASCPSelling or buying a pharmacy? The phrase “Timing is Everything” is as tried and true an aphorism as any you will ever hear.No where is it more true than in the purchase or sale of a pharmacy.We have all heard the stories of the

Welcome to Pharmacy Business Solutions

2009-01-28T08:37:00.000-08:00

Welcome to HCC Pharmacy Solutions new blog site. Pharmacy Solutions is an innovative pharmacy consulting company dedicated to the independent entrepreneurs in the pharmacy business. Pharmacy Solutions provides pharmacy consulting, management consulting, interim and long term management solutions. In addition, they have built their reputation on new pharmacy start up options. Pharmacy Business