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Drug shortages are always a frustrating situation for everyone involved in patient medical healthcare: the physicians, the nurses, the pharmacists and obviously the patient. The pharmacist certainly cannot fill the prescription for a medication that is unavailable, the nurse in clinical settings can
Medication errors occur in a pharmacy under the best of conditions. However, a previous Missouri court ruling regarding a pharmacy medication dispensing error clearly shows that a lack of proper supervision, documentation and up-to-date policies and procedures will not be tolerated when the public's
New pharmacy startups and the opening of brand-new retail community pharmacies are occurring at a faster rate this year than ever before seen. Just reviewing the first three to four weeks of January this year reveals a staggering number of new retail community pharmacy businesses being opened and su
Custom Pharmacy Policy and Procedure Manual Custom P&P manuals are now a must! Every pharmacy must have written policies and procedures in a Policy and Procedure manual. According to the National Association of Boards of Pharmacy ( NABP ) every state and the majority of third party PBMs have spe
The opening up and start-ups of new retail pharmacies are once again on the rise. With the explosion of specialty pharmacies leading the list over the past decade, the number of new pharmacies that have opened across the nation rose to the highest level ever in every state during 2019. Of interest t
A new year is upon us and the pharmacy profession faces numerous issues, challenges and opportunities that are more abundant and at the same time more complex than perhaps they have ever been before in the history of the practice of our profession. New and fast paced pharmacy technological advanceme
Managing a pharmacy is an important part of almost every pharmacy owner's responsibilities. The day-to-day management of just the pharmacy's personnel, inventory, customers, vendors and store maintenance issues always seem to take up a majority of an owner's day... and the list sometimes seems endle
IV and infusion pharmacy startups are always at the top of the list when you may be considering opening up a new pharmacy business or an expansion of your existing pharmacy operation. The IV and infusion pharmacies were the primary catalyst to the emergence of both the compounding and specialty phar
Cancer and oncology pharmacies have become a major factor in the rise of specialty pharmacy startups nationwide. Because cancer and chemotherapy medications are typically extremely expensive and complex to both manufacture and compound, it is easy to see why oncology pharmacies have become a corners
The startup of mail order pharmacies is on the rise and the opening up of a mail-order pharmacy is becoming an extremely lucrative business model and investment. This specific market segment of the specialty pharmacy "arena" is undergoing rapid growth, rapid expansion, and equally rapid change. Inde
Specialty pharmacies have been designated by numerous industry experts as the fastest growing segment of the pharmacy industry. This is based on the number of new specialty pharmacies opening up nationally, plus the rise in the number of existing pharmacies expanding their operations via the additio
A customized Policy and Procedures (P & P) manual is no longer an option, it is truly a requirement. As we've previously discussed, every pharmacy is required to have and maintain a written Policy and Procedures manual on its premises. As noted by the NABP (the National Association of Boards of