Skip to Main Content

++

ABOUT THE AUTHOR

++

Dr. Bonnarens is currently the Associate Dean for student affairs and associate professor in pharmacy administration at Manchester University College of Pharmacy, Natural and Health Sciences in Fort Wayne, Indiana. He received his BS in general science and BS in pharmacy from Oregon State University in 1990. He worked as a pharmacist in several practice settings, including independent, chain, and hospital pharmacies. In 1992, he completed the American Society of Health-System Pharmacists Executive Residency, followed by his employment with the National Community Pharmacists Association (NCPA) in Alexandria, Virginia, until 1996. Dr. Bonnarens pursued graduate education, earning MS in 1999 and PhD in 2003 in pharmacy administration from the University of Mississippi. Dr. Bonnarens began his academic career at the University of Wisconsin School of Pharmacy, where he worked from 2003 to 2007. In 2007, Dr. Bonnarens joined Pacific University School of Pharmacy, serving as Assistant Dean for student and alumni affairs prior to joining Manchester University in 2011. His research interests include leadership, entrepreneurship, patient care service development, workforce issues, and management issues facing pharmacy practitioners in various practice settings.

++

LEARNING OBJECTIVES

++

LEARNING OBJECTIVES

After completing this chapter, readers should be able to

  1. Identify evolutionary changes leading to current independent community pharmacy practice.

  2. Identify the characteristics of entrepreneurship and describe the opportunities that exist within independent community pharmacy practice.

  3. Compare and contrast starting up a new independent community pharmacy versus purchasing an established pharmacy.

  4. List and describe the steps necessary for starting an independent community pharmacy.

  5. Identify methods of purchasing an established pharmacy.

  6. List and discuss various issues facing independent community pharmacy practice.

++

SCENARIO 1

++

As Sue Franklin was completing her last Advanced Pharmacy Practice Experience (APPE) rotation during her final year of pharmacy school, she began to think about where she wanted to work after graduation. As part of her required and elective APPE rotations, Sue gained experience in a number of practice settings. She really enjoyed the critical care rotation at University Medical Center. However, she knew that a residency probably would be required to land a clinical position there. Sue had completed a rotation with the Indian Health Service and had thoroughly enjoyed her experience caring for a Native American population in New Mexico. She also had gained experience working at a chain pharmacy and then a supermarket pharmacy during holidays and vacations throughout pharmacy school. “What am I going to do?” thought Sue. She had so many great experiences and in some ways too many employment options. She had already received job offers from the chain and supermarket pharmacies, each paying a very good salary. She also received an offer from Professional Pharmacy, a local independent community pharmacy in which she completed two rotations, community and administrative. Sue was surprised by the offer, because she had spent only 10 weeks in the pharmacy. Prior to her rotations, Sue had never considered working ...

Pop-up div Successfully Displayed

This div only appears when the trigger link is hovered over. Otherwise it is hidden from view.