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Is there anyone interested in owning their own pharmacy? It would seem to be very lucrative(400K-500K net) especially if you specialized in some clinical aspect.
blueclassring said:Is there anyone interested in owning their own pharmacy? It would seem to be very lucrative(400K-500K net) especially if you specialized in some clinical aspect.
WSU2007 said:That is something that I would love to do but unfortunately haven't looked into any details. I'm so busy just keeping up with studies there's no time. I wish we could take an elective that addressed this as well as other pharmacy "business" aspects.
bananaface said:The average independent pharmacy owner makes just under 300K and works 45-55 hours a week. There is a huge amount of variation there, though.
It was a part of a lecture on independent pharmacy. I think PCCA was cited as the source. It's been a year and a half though. I don't know if those are whole store or RX only numbers.KUMoose said:Can you post where you got these numbers? I'd like to know that if that's counting just Rxs or total store?
I've rolled the idea around some, but haven't looked into it seriously at this point. Let me get into pharmacy school first, then I can worry about taking over the world.
rivatnt said:I worked at an independent pharmacy. My boss was a pretty nasty guy. Seemed like owning a phamacy is pretty tough. He said insurance was making it hard to make a profit. I don't know how it works but he said that he buys the drug and insurance only pays him back that price and a couple dollars more.
If a customer came in and he didn't want to sell the drug because he wouldn't make a profit, he would lie and say he doesn't have any.
There was a riteaid near the pharmacy too.
I would like to own a pharmacy and I am not sure if these things are true.
Drugtopics.com just published an article about this:
http://www.drugtopics.com/drugtopics/article/articleDetail.jsp?id=307595
Looks like some good stats/personal stories about owning a pharmacy.