The Pharmacists First Guardian

Community involvement: good for your town, your pharmacy and you!

Posted by Matt Coakley on Mon, Sep 30, 2013 @ 08:50 AM

Among the many reasons we love taking care of independent community pharmacists is they represent all that is great in small town America. Few, if any other community members are as entrepreneurial, work as hard, or are more dedicated to the community than owners of a hometown pharmacy.

While it may seem I am preaching to the choir, our very best clients have found getting more involved in the community where they do business – and on many cases – where they live, is a great way to meet more people and, indirectly, increase their customer base.

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Tags: community pharmacy owner, community pharmacist, community pharmacy benefits, Community Pharmacist Lifecycle, business, vision, profitability, pharmacy value, family business owner, family business, behavioral economics

From Behind the Counter: Mentorship creates community pharmacy legacy

Posted by Rick Coakley on Thu, Jun 13, 2013 @ 07:28 AM

To find out what really works for community pharmacy owners, we frequently conduct interviews with well-established and successful community pharmacy owners. This is the third of many that we will be sharing over the next year.

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Tags: community pharmacy owner, community pharmacist, pharmacy exit strategy, pharmacy succession, pharmacy junior partner, pharmacy junior partners, profitability, pharmacy value, exit planning, independence, summerville, asheville

The Future of Community Pharmacy (Statistically)

Posted by Benjamin Coakley on Wed, May 15, 2013 @ 08:16 AM

Everyone has heard the notion that no one has a crystal ball.  We truly believe this in all the work we do with community pharmacy owners.  However, one cannot deny the fact that changes are coming to the industry.  For example, we were meeting with an owner this past week and he mentioned to us that all his time is spent working on the transition from being a pill counter to a full service pharmacy.  The key word there is service.  He said that he believes that the only way pharmacists will have a seat at the table in the new health care world is to provide extremely valuable services where applicable that improve patient outcomes.  He even mentioned that there may be a transition period where phamacy owners have to provide these services for free.  According to him, this will show the value pharmacists add to the medical system and therefore include pharmacists as a primary care professional.  This is just one example of the many possible changes coming down the road for the pharmacy industry in the near future. 

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Tags: community pharmacy owner, community pharmacist, pharmacy value