The 2023 NCPA Digest, sponsored by Cardinal Health, has loads of factoids, many of which you’d marvel at. It also reveals truths that owners know in their bones — that the cost of dispensing has gone up (by 15 percent between 2021 and 2022), for example, and that inflation has pushed gross profit margins down (falling from 23.3 percent in 2021 to 21 percent in 2022). While NCPA works to level the playing field legislatively, pharmacy needs smart owners to make sure independents thrive in this economy and long after this Congress goes home. If you harbor ambitions to be an owner, you need to check out the Pharmacy Ownership Workshop, put on by the NCPA Innovation Center (sponsored by McKesson and, in part, by Pharmacists Mutual Companies). It's an intensive two-day event for pharmacists considering pharmacy ownership or current owners looking to polish their management skills. Whether you're starting from the ground up, purchasing an existing store, or expanding to become a multi-store owner, this soup-to-nuts crash course on pharmacy ownership is a must. We’ve also added a session to review the top considerations for optimizing your business and ensuring a successful first year of ownership. Register today to join us in Dallas (March 16-17) at the Hyatt Regency DFW International Airport.
NCPA
