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Starting a Pharmacy as a doctor

Discussion in 'Med Business [ MD/MBA, DO/MBA, DDS/MBA ]' started by irish.medic237, Dec 9, 2016.

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  1. irish.medic237

    irish.medic237

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    Aug 29, 2016
    Would purchasing a pharmacy be a solid business investment for a doctor down the line in their career?
    Any significant pros and cons to doing so for the doctor? I understand that a doctor would need to hire a pharmacist to work and run the pharmacy!
     
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  3. doc05

    doc05 2K Member 10+ Year Member

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    May 24, 2003
    U.S.A.
  4. goodoldalky

    goodoldalky Member 10+ Year Member

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    Jul 6, 2006
    For a practicing physician there are lots of Stark law and Anti-Kickback statutes that make this a nightmare.
     
    InvestingDoc and benjamin94559 like this.
  5. Blizzard1mage

    Blizzard1mage 5+ Year Member

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    Apr 4, 2012
    Yes, hit the nail on the head. The other challenge is learning the pharmacy insurance business, which differs from medical insurance in major ways.
     
  6. Paingas

    Paingas

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    Nov 1, 2017
    I think if its technically in your clinic you are ok. If not then its anti kickback, like you can own an MRI machine but it has to be in your building if you are sending people to it.
     

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