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INTRODUCTION

About the Author: Dr. Schumacher is a pharmacist and owner of Fitchburg Family Pharmacy located in Fitchburg, Wisconsin. He received his Doctor of Pharmacy (PharmD) degree from Creighton University. He began his career working in community settings throughout four different states. For the past decade he has lived in Wisconsin and practiced in independent pharmacy settings, and now owns his own pharmacy. Dr. Schumacher has served for 6 years as the Chair of the Pharmacy Examining Board for the State of Wisconsin. He was awarded the Bowl of Hygiea in 2017 for his community service, including serving on the Board of Directors for the Boys and Girls Clubs of Dane County, and hosting a cycling group that raises money for charities. He is a member of the Pharmacy Society of Wisconsin and his pharmacy is accredited by the Wisconsin Pharmacy Quality Collaborative (WPQC) and the Community Pharmacy Enhanced Services Network—Wisconsin affiliate (CPESN-WI). He has a love for cycling and it has led him to delivery prescriptions via bicycle. This has branded him the cycling pharmacist, by his friends, patients, and colleagues.

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 ...

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