The Pharmacists First Guardian

Who was your valentine this year?

Posted by Benjamin Coakley on Fri, Feb 17, 2017 @ 03:37 PM


Traditionally, Valentine’s Day has been reserved for couples. But this year, we want you to think of it differently. Your year-round valentine in the pharmacy is someone or something that loves you back. As an example, PBMs are probably NOT your valentines.

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Tags: pharmacy contingency plan, succession development, exit planning, written goals, pharmacy owner

The 5 best ways to keep your pharmacy New Year's resolutions

Posted by Benjamin Coakley on Wed, Jan 25, 2017 @ 09:45 AM


Keeping New Year’s resolutions is difficult for everyone – especially when they revolve around your pharmacy and livelihood. The stakes are higher and the pressure to succeed is significantly greater than resolutions pertaining to yourself. So, why is it that setting and achieving goals for your pharmacy year after year is such a difficult task?

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Tags: pharmacy contingency plan, succession development, exit planning, written goals, pharmacy owner

3 Tips for Prioritizing Your Pharmacy Contingency Plan

Posted by Benjamin Coakley on Thu, May 08, 2014 @ 02:03 PM

Over the years we have discussed this very important topic with many pharmacy owners and found 90% do not have a written contingency plan.

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Tags: pharmacy contingency plan, community pharmacy contingency plan, pharmacy key employee evaluator

The Seven Parts of an Effective Community Pharmacy Contingency Plan

Posted by Benjamin Coakley on Wed, Apr 30, 2014 @ 12:15 PM

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Tags: pharmacy contingency plan, community pharmacy contingency plan, pharmacy contingency planning

The Critical Need for a Written Pharmacy Contingency Plan

Posted by Benjamin Coakley on Fri, Apr 18, 2014 @ 11:32 AM

Our next series of blogs address one of the most important, yet overlooked and unmet needs facing community pharmacy owners today.

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Tags: pharmacy contingency plan, pharmacy risk profile, pharmacy risk analysis

6 Elements of a Community Pharmacy Disaster Recovery Plan

Posted by Matt Coakley on Mon, Mar 25, 2013 @ 10:46 AM

The Waypoint team was in New Jersey last October and just barely managed to get out of Hurricane Sandy's way.  Because we were just visiting, we had the luxury of leaving, unlike many others, including your fellow independent community pharmacists.  Heroic stories of prescriptions being filled by candle light for patients whose lives depended on their medicine inspired all of us. But what is it that enabled those few pharmacists to hang on, to face down potential disaster?

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Tags: community pharmacy owner, community pharmacist, pharmacy contingency plan

What if You Can't Go to Work Tomorrow? 3 Ideas for a Contingency Plan

Posted by Matt Coakley on Mon, Dec 17, 2012 @ 08:12 AM

 

Contingency plans are critical to the success of community pharmacy. Unfortunately, we have seen and heard too many times lately that pharmacies are closing or being sold to chains because the owner gets sick or dies.

What happens to your pharmacy tomorrow if you cannot or do not show up to work?  This is one of the things that we say is critical, but not urgent.  No one wants to think they may get sick or about a natural disaster until it is directly upon us.  Rick and I were in Atlantic City, NJ the day before Hurricane Sandy came through for the NJ Pharmacist Convention.  We saw the contingency plans of the hotels, casinos and restaurants actually being implemented.  They were boarding up windows and evacuating the town.  We also saw many of our clients have to work through the aftermath of Hurricane Irene after it devastated the Mid Atlantic.  Some of these pharmacies were without electricity for extended periods of time.  Not every reason for a contingency plan is as obvious as a natural disaster, here are a few others:

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Tags: pharmacy contingency plan, contingency planning for the pharmacy