pharmacist consultant

What is a Pharmacy Consultant?

A pharmacy consultant in a nutshell helps you make accurate pharmacy business decisions. Pharmacist consultant services are designed to help pharmacy owners with various pharmacy related projects. Here are a few areas Pharmacy consultants can help:

  • Buying a pharmacy
  • Starting a pharmacy
  • Selling a pharmacy
  • Retail pharmacy
  • Compounding pharmacy
  • Pharmacy technology and security
  • 340b consulting
  • Specialty pharmacy
  • Pharmacy marketing
  • Long term care pharmacy

The consultant is there for you to bounce ideas and questions off of. The consultant should have years of experience running a pharmacy and will be able to accurately respond.

Why should you work with a pharmacy consultant?

If you are a new pharmacy business owner you should consider working with a pharmacy consulting service. For example: You are thinking about starting a pharmacy. A pharmacist consultant can provide you with location analysis. A location analysis is in in-depth look at a target market including competition, demographics, prescriber locations and more.

Looking to buy a pharmacy? A pharmacy consulting service can find pharmacies for sale. A pharmacy consultant usually has contacts in the industry. Once a consultant narrows down a pharmacy for sale they can analyze the data to determine if the pharmacy is worth buying.

A current pharmacy owner? A lot of current pharmacy owners seek advice from pharmacist consultants to expand their operations. A pharmacy consultant can seek financing for your ideas. Consultants often work directly with banks like Live Oak, First Financial and more to get excellent bank loans.

Save time and money using pharmacy consultants

Most pharmacy consultant services are designed to save their clients money. For example: Here at ConfigRX our goal is to reduce costs on all technology related services for the pharmacy. We have seen pharmacies overpaying for telecom, IVR services, pharmacy systems, websites and hardware. We help our clients save money every month on technology services. As a pharmacy consultant not only do we save our clients money but we also help them create more efficient workflows for their pharmacy. Having the correct technology in place at the right price is key to a successful pharmacy.

Other pharmacy consulting services such as Independent Rx Consulting have different services, however they are built to save the pharmacy owner time and money. There are many consulting services available for certain services including:

  • Pharmacy License assistance
  • Pharmacy Marketing ideas and plans
  • Wholesale negotiation
  • 3rd party vendors
  • Pharmacy Financing
  • Pharmacy Accounting
  • Lease negotiations
  • Pharmacy technology (PMS, e-scribe, EMAR, IVR etc.)
  • Workflow
  • Pharmacy services (MTM, inventory, prescription delivery, sync etc.)
  • Pharmacy packaging

If you need help deciding on which pharmacist consultant you should work with then contact us or call 937-907-0078. We are here to point you in the right direction for your independent pharmacy.

Work with a trustworthy pharmacist consultant

While there are a number of pharmacy consulting services – make sure you have the right consultant. A lot of the pharmacy consultants charge a high fee but some clients don’t get much in return.  When you are searching for a consultant be sure to ask the right questions such as:

  • What other pharmacies in my situation have you helped?
  • Tell me your consulting fee, do you charge per project or per hour?
  • What all is included in your package ?
  • Do you only work with proprietary systems?
  • Do you offer any hands-on consulting or are you strictly advising?
  • If your consultant works for a whole seller they often want you to use their warehouse and their PMS – ask if this is required before you sign up.

Pharmacy Consultants can provide a custom approach

Pharmacy consultants understand that every pharmacy is different. There really isn’t a set template to use. Every pharmacy comes with it’s own unique challenges and opportunities. A pharmacist consultant should be able to guide you to make the correct decisions. Different avenues to approach your obstacles. Consultants are paid to deliver customized solutions tailored to your pharmacy.

The final decision

If you are thinking about using a pharmacy consultant for your pharmacy remember this. A true pharmacy consultant has been there, done that. The consultant should have recommendations on how to pursue or stay away from the opportunity. A real consultant will have hands-on experience running their own pharmacies. Industry contacts to leverage. Discounts on certain services and more.

Feel free to reach out to us at (937) 907-0078 if you have any questions or comments.


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