ALEXANDRIA, Va. — The National Community Pharmacists Association on Friday announced it will host its third NCPA Ownership Workshop this year from Aug. 23 through 25 at the Hyatt Regency Crystal City here.
The Ownership Workshop, sponsored by McKesson and in part by Pharmacists Mutual and Live Oak Bank, gives prospective and current pharmacy owners an in-depth look at the industry and the financial, management and marketing skills needed to operate a successful pharmacy business. The three-day session also offers pharmacists 20 hours of continuing education credits.
“Pharmacy ownership can be a rewarding experience, but also a challenging one,” stated Douglas Hoey, NCPA CEO. “If you’re a pharmacist just starting out on the path to ownership, or if you’re a longtime owner, you’ll find NCPA’s Ownership Workshop to be the most comprehensive resource on running a profitable business. Workshop attendees will hear directly from successful owners and experts about every facet of ownership and management. This is NCPA’s 35th Ownership Workshop and we look forward to continuing to provide inclusive education and guidance for aspiring pharmacy owners.”
"There are a lot of opportunities despite the challenges community pharmacy faces," Bob Graul, national VP RxOwnership for McKesson U.S. Pharmaceutical told DSN at the recent McKesson ideaShare conference, regarding the prospect for new pharmacy owner/operators in today's business climate. "The two obvious challenges are declining reimbursements and increased cost of doing business … but independents seem to have a way to adapt and take advantage of opportunities."
Launched in 1991, Ownership Workshop is part of the multi-faceted, comprehensive NCPA Ownership Academy, which helps pharmacists navigate every step of the entrepreneurial process from buying to selling a pharmacy, as part of the association’s focus on increasing the number of independent community pharmacy owners throughout the country. More than 50% of previous Ownership Workshop participants now own their own pharmacy.
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