As you begin your promising career in pharmaceutical care, you may be asking yourself an important question: Which pharmacy setting is right for me?
Of all the options available to you, only independent pharmacy ownership offers the ultimate freedom you need to control your own destiny. Independent pharmacies have been at the center of pharmaceutical care in the U.S. for more than 200 years. Today, more than 22,000 independent pharmacies dispense 40% of the nation’s retail prescription medicines.
Independent pharmacy ownership provides you with the professional and personal satisfaction you’re seeking. RxOwnership can supply you with the facts and figures you need to make the right decision for your future.
Independent pharmacy statistics
A career in independent pharmacy is an outstanding choice on many different levels. The following statistics demonstrate the significance of the profession:
- Independent pharmacy: $81.4 billion marketplace
- Independent pharmacy prescription sales: $75.3 billion
- Independents dispense 1.4 billion prescriptions annually
- Prescription medicines are our business: 92% of annual sales are Rx medicines
- Average independent pharmacy sales: $3.6 million
- Average prescription sales: $3.35 million
- Average number of prescriptions per pharmacy: 61,568 annually, 169 per day
- Over 26% of independent owners have ownership in two or more pharmacies
- Overall, the average independent owns 1.69 pharmacies
Independent pharmacies offer a wide range of patient services
- The top patient-care services offered in 2014 were: delivery (78%), patient change accounts (77%), compounding (65%), durable medical goods (56%), schedule patient appointments (43%), and ostomy supplies (36%)
- The top three disease state management services offered were: immunizations (71%), blood pressure monitoring (64%), and diabetes training (41%)
Staffing in independent pharmacies
- Average independent employs 1.5 FTE pharmacists (including owner)
- Average independent employs 3.5 FTE technicians
Source: 2015 NCPA Digest
A career in independent pharmacy allows you to realize your very own vision as both a medical practitioner and businessperson. It also enables you to have a greater impact on your patients and the local community.
With ultimate control of your pharmacy, you can adjust the practice to meet the needs of your patients, while interacting with them on a more personal level. You can also provide a comprehensive range of unique patient-care services, including:
- Asthma management, nutrition counseling and diabetes-management programs
- Medication therapy management
- Blood pressure, blood glucose, HgA1c and cholesterol screenings
- Long-term care services
- Durable medical equipment, natural and other specialty products
- Home infusion therapies
- Oxygen supply
- Medication synchronization and disease state management
Interested in starting your own independent pharmacy?
The RxOwnership website Buyers section provides information and resources to get you started on your path to independent pharmacy ownership.
Want to learn about independent pharmacy franchises?
Health Mart®, the industry’s fastest-growing network of independent pharmacies, unifies leading independents under a common brand to provide the collective strength of a chain, while still enabling franchisees to maintain their independence. Learn more.
Looking to connect with the NCPA?
The National Community Pharmacists Association (NCPA) can teach you about available financing options and help develop niche markets in patient-care services. Get connected.
Seeking job opportunities with independent pharmacies?
Pharmacist E-link is one of the web’s most respected sources of information for pharmacists. Get the facts about current job openings and post your resume to reach independent pharmacy owners seeking to fill open positions. Start now.