Top Ten Ways to Manage Profit at Your Online or Community Pharmacy

An online or community pharmacy must be carefully managed for optimum profitability; occasionally, changes to business processes and marketing strategies should be implemented in order to open up new streams of income, while also improving the success of promotional activities. If you’re looking for ways to make more money through your drugstore, you’ll appreciate these top ten tips for managing profit:

10.) Diversify- Open up your business to new customers by adding holistic herbal products to your inventory. For example, if you currently sell OTC pain relievers, prescription medications, and conventional health aids, why not begin offering your clientele herbal supplements that treat health care conditions in a more holistic way? There is a big market for alternative medicines, and herbal remedies are now more popular than ever before.

9.) Cross-Sell -Make the most of your inventory by using cross-selling techniques to bundle related products. For example, if you’re running an online pharmacy, make sure that your checkout area is programmed with sections that show complementary items. “Bundle” vitamins with delicious herbal teas, prescription medications with special pill boxes that help people to keep their tablets organized, and so on. Offering a few percent off the total price on cross-sold goods is an excellent way to add appeal to this sales technique. People often buy impulsively at the checkout, so cross-selling is an excellent way to boost your profits quickly.

8.) Use Social Media- Create a buzz by promoting your pharmacy on the hottest social networking platforms, such as Google+, Facebook, Twitter, LinkedIn, Tumblr and Pinterest. If you promote properly, the investment of time and energy that you put into reaching out to customers at these websites will definitely pay off. Add photos, blog posts, status updates, and special offers to tempt new buyers, and always respond to any feedback as soon as possible.

7.) Analyze Your Sales- Successful health care entrepreneurs never rest on their laurels; instead, they stay on top of things by analyzing their sales numbers and figuring out exactly which products are most appealing to their clients. To offer people what they really want, check all of your sales records to pinpoint buying trends. Then, consider offering different versions of the items that people buy the most.

6.) Target Your Ideal Customer- Business research doesn’t stop with sales analyses; you must also use market research to profile your ideal customer. Knowing who’s buying from your pharmacy is the key to marketing effectively and stocking your drugstore properly. Use client information to find out where your ideal customer lives and what his or her needs are. Then, market to that demographic or segment.

5.) Become an Expert- Position yourself as an expert in the pharmacy world by writing articles about pharmacy products, offering health care advice, or speaking to your local community. Becoming an expert builds your public profile and creates more trust and rapport with new and existing clientele.

4.) Create a Smart Phone-friendly Website- Today, many shoppers check out businesses online before they buy, and they often use their smartphones to browse the World Wide Web. If your pharmacy website isn’t compatible with a range of electronic devices, including smart phones, it’s time to hire a web development firm that knows how to create a smart phone-friendly environment at your url.

3.) Freshen Your Website Graphics- Nothing is more unappealing than a dated, dusty-looking website that doesn’t have any of the bells and whistles. If you don’t freshen up your graphics to stay current, your customers will soon lose interest. The best pharmacy entrepreneurs know how to adapt to change and keep things interesting; these savvy owner/managers always outsource for the hottest new web design graphics.

2.) Build More Interactivity into Your Pharmacy Web Pages- Whether you’re selling pharmacological products from a community or online pharmacy, you must still offer a business website that acts as a virtual calling card for your company. By building more interactivity into every web page on your website, you’ll create the right atmosphere for success. Hire a web design firm and ask them to add sharing buttons for social media, comment fields, and message boards to boost the appeal and interactivity of your website.

1.) Support a Charity- Your pharmacy is all about the health and wellness of your clients; with this in mind, why not support a charity that also promotes these values? By joining with a reputable and registered charity and donating money and/or time, you will create plenty of publicity and lots of goodwill towards your company. Often, donating to charity is much cheaper than paying for ads, and it’s so fulfilling. Meet prospective clients at local charity events, or donate online and enjoy a better public image that will build your brand.

How Much Does a Pharmacy Technician Earn?

Average earning of a particular profession is perhaps one of the most important parameters that help you decide in favor of or against it. And why shouldn’t it be? Who wouldn’t like to take back home decent wages at the end of a hard day’s work? After all, money plays a vital role in shaping the standard of your life. It is important for securing your family’s and your own future. So, whoever said money should not be a consideration while choosing a career has probably never lived without it.

If you are exploring a pharmacy technician career, then this question must be at the top of your head. We’re here to help answer some of your questions regarding how much they earn on an average.

However, before we get into details about pharmacy techs pay, it’s important to understand what the job entails. Because just like money is important, so is enjoying what you do for a living!

Pharmacy Technician Career

Let’s start with what pharmacy technicians can’t do or rather are not supposed to do. They are absolutely forbidden from giving medical advice to patients who visit their pharmacies. They are not qualified to do so; hence they should resist the urge to not just offer medical advice, but also guide patients on what medication may work better for their condition irrespective of how knowledgeable and experienced they think they are.

Although the duties and responsibilities of a them may vary depending on the type of facility they’re employed in, but in general their day-to-day work involves:

Receiving prescriptions and verifying them for accuracy
Filling prescription medications and labeling them correctly
Preparing intravenous mixtures under supervision
Assisting the pharmacist in inventory management
Answering telephone queries from patients
Storing drugs in a safe and secure manner
Maintaining patient records for reference
Preparing and processing insurance claim forms
Interfacing with customers who visit the store
Operating cash register at checkout
Pharmacy Technician Training

It’s best to start training for a pharmacy technician career in high school itself by taking courses in math, biology, chemistry, computers, etc.

Once you’ve laid the ground by taking appropriate courses in high school, you can choose between a college degree and a vocational pharmacy technician course offered at career schools. A college degree will require a minimum of two years for completion, while a career training course can be completed in a matter of few months.

What’s important is to get certified at the end of your academic study or pharmacy technician training program. Although certification is a hundred percent voluntary, having it just enhances your credibility and with it your job prospects. Certifying examinations are held by organizations like the Pharmacy Technician Certification Board (PTCB) and the Institute for the Certification of Pharmacy Technicians (ICPT).

Pharmacy technician training should ideally include hands-on experience working in a pharmacy. This training could be incorporated in the curriculum of your pharmacy technician program or you may have to request for an intern position at your local pharmacy.

Pharmacy Technician Pay

The exact earnings of a pharmacy tech depend to a great extent on not just the type of facility he or she is employed in, but also other factors like:

Skill-level
Experience
Certification
Location
The average hourly wages of a pharmacy technician range from $8.03 – $15.56.1 Those who work for a franchise may earn between $7.86 and $13.87 per hour, while pharmacy techs employed in hospitals take home about $9.49 – $19.02. 2

When it comes to experience-level, pharmacy techs with less than one year of experience earn $7.68 – $13.36 per hour, while those with 5-9 years of experience make $9.17 – $17.27 per hour.3

Pharmacy Technician Schools – Things You Should Know

Being a pharmacy technician is quite demanding especially since you are supposed to have enough knowledge of all the types of drugs available, including the latest ones. Also, you have to understand the current laws governing this profession. It is also a must that you understand the existing insurance practices. So, for you to succeed in this career, you have to find the best pharmacy technician training schools. Having enough training before you venture into this industry will help you to cut an edge over the others. Training is also important because it gives you enough skills to do your work well.

So if you really want to become effective in your work as a technician in the medical field, you have to study hard and acquire all the necessary skills. The good thing is that there are many pharmacy technician schools that provide quality training. But before you join any institution for a course in pharmacy technology there are several important things that you have to aware of. Once you have understood these aspects it will be easier for you to become the technologist that you have always wanted. This passage strives to provide you with some of these aspects so that your search for the right institution can be successful.

Points to Note about Pharmacy Technician Schools

• Thorough preparation: Because of the demanding nature of this job, it is imperative that you get enough exposure before venturing into the industry. You have to familiarize yourself with the requirements for this task. This can only be achieved through formal training in a good school. These institutions are important in preparing individuals who wish to venture into this challenging field of medicine. You have to note that even though pharmacy technicians are in demand, more qualified technologists are very much needed.

• Accreditation: If you wish to become a more reliable technologist, you should and must have the right accreditations. These include things like certificates, licenses, recommendations, approval, and so on. The truth is that you cannot get these accreditations without having undergone proper training. Therefore, you should always ensure that the pharmacy technician schools that you consider are credible enough to give you good certificates. Always go for the well established institutions because they are more reliable. Remember, if you do not get the right certificates you won’t the right job.

• Earn more: Having enough training in a credible institution gives you confidence to work in any kind of environment. This in turn gives you a chance to prove your experience to your employers, giving you a better chance of being promoted or given a pay increment. These schools will help you to gain experience in pharmacy technology and thus become the most sought after technologist in your state.

All About Pharmacy Technician Schools

In many countries today, healthcare industry employment continues even while other industries falter, making a health service job a good choice for anyone considering a new career.

Pharmacy technician jobs are one of the main positions seeing drastic increases with hiring expected to increase as much as 25 percent over the next few years. This is a great opportunity for anyone with good attention to detail to consider a career as a Pharmacy Technician or `PT`, especially since it is possible to complete certification programs at reputable pharmacy technician schools in as little as two years and get into a well-paying job soon afterward.

Different Types of Pharmacy Technician Schools

In the US and Canada, some PT jobs do not require any certification or schooling although most do. Those who have schooling and certification are definitely preferable for positions, however, making schooling something that anyone looking at a career as a PT should consider very seriously.

In all likelihood, more jobs will move toward requiring certification as well, so skipping the education may reduce job hire and advancement opportunity.

Pharmacy Technician education is available in programs that last anywhere from 6 months to two years or more, depending on the depth of training.

Like many other medical training and technical programs, the shorter programs give a basic, fundamental overview of what to expect on the job and general education relating to basic pharmacology, pharmacology law, pharmacology records, inventory, labeling, ordering and many other relevant topics to working in a retail pharmacy environment.

Courses and diploma programs

Students that attend the shorter programs usually earn a Pharmacy Technician Certificate for completion of the program, but have no actual approved certifications.

Longer courses offered by schools include specialized diploma programs and Associates Degree courses that last between about 12 months to 24 months.

Diploma programs are great for students who already have some healthcare service experience and want to move into a position as a PT, as well as those entering the field new.

Study usually includes all that is mentioned above, plus pharmacology in more detail, dosage calculation, mixing medications and others, and usually includes an externship to prepare students to take the certification exam. Students completing a diploma course and passing their certification exam will earn the title of Certified Pharmacy Technician or CPhT.

Associates in Health Sciences with a PT specialty takes two years and is recommended for any individual if there is an interest in both obtaining a college degree, and being able to advance the fastest in their career.

Courses of study are much more in depth and include additional medical subjects. Externships are a required part of the curriculum, as is passing the certification examination. Those with their CPhT and an AS degree stand the best chance of being hired in non-retail pharmacy technician positions, and starting at the highest salaries.

Accredited vocational program

In the UK and many other countries a pharmacy technician is required to complete both an accredited vocational program in pharmacy services and a pharmaceutical science program, and must be registered with numerous UK healthcare organizations.

Courses of study include that which is mentioned above, as well as medicines management for patients and training in running and assisting in hospital clinics and more.

Please note however, in the UK there is a difference between a pharmacy technician and a pharmacy dispenser, with the former having more vocational and educational requirements.

Interested individuals are advised to contact local professional organizations in order to get additional details about attending school to become a PT such as which are the best courses and whether they offer job placement and financial aid.

In the US, contact the American Association of Pharmacy Technicians (AAPA) or the Pharmacy Technician Certification Board (PTCB), in the UK contact the General Pharmaceutical Council (GPC) and in Canada the Canadian Association of Pharmacy Technicians (CAPT) to name a few.

Employment After Attending PT Schools

There are actually many more employment opportunities for PTs than most people assume. While the majority of jobs are in retail pharmacy positions there are much more specialized career options for pharmacy techs with the right training.

Hospitals, medication manufacturing and packing companies, medication compounding pharmacies, nursing homes, psychiatric facilities and any type of medical facility that either fills medication prescriptions or dispenses medications directly to patients make use of pharmacy technicians.

These positions can be very rewarding, and tend to pay more as well. Certain qualified technicians also have the ability to counsel consumers and patients on the use of their medications, as well as answer medication questions.

In any case, attending schools that offer the most detailed training and externships, and prepare students to become Certified Pharmacy Technicians are highly recommended for anyone interested in a career in healthcare services that pays well and offers plenty of room for advancement.

Know About Pharmacy Technicians

Pharmacy Technicians are these individuals, who assist licensed Pharmacists to manage and run a pharmacy. Their basic job duties include, safe and effective serving of the customers, provide medications to customers and patients, inform them about various effects and side effects of the drugs, handle cash counter, label the drug bottles and perform numerous other regular pharmacy works.

They work in different types of pharmacies, such as drug stores, retail pharmacies, chain pharmacies and hospital pharmacies. They are also well versed with state and federal pharmacy laws, rules and regulations for effective and safe serving of the patients.

In order to work in a Pharmacy, formal education is not necessary and on-the job training is sufficient. But, appropriate certification, degree, certificate and diploma offer, better career opportunities and lucrative salary. Moreover, the continuous scientific advancement in medical sciences and discoveries of new life saving drugs have also spurted greater demand of medications for sound health cares. Such advancements have also led to the mushrooming of pharmacies all over the country. These drug store owners and hospital medication stores also seek well qualified, trained and efficient technicians to work in their Pharmacy.

A medical store technician can avail different types of Pharmacy training programs from various community colleges, schools and trade schools. Even, numerous online courses are available for obtaining various pharmacy degrees. The duration of training program ranges from less than a year to two years. The training program consists of classroom and on-the job trainings.

The Certification is offered by PTCB and to earn this certification, it is necessary for the pharmacy personnel to pass the competency evaluation test of the certification board. The eligibility of Pharmacy Technician Certification Board certification is high school degree and no felony conviction within 5 years of applying for the certification.

The average pharmacy technician wage is $25,000 to $40,000, depending upon the qualification, education, training and experience. The hourly salary can be estimated at $ 9 to $17.

All You Need to Know About Pharmacy Programs

The pharmaceutical industry is one of the most lucrative and numerous fields such that people decide to start a career in this field every single day, and for good reasons. If you want to find out more about this topic and see if a pharmaceutical career would be suitable for you, read below for all you need to know about pharmacy programs.

• You can enroll in a college that offers pharmacy programs immediately after finishing high school. You also have the option of transferring from another college, provided that you have completed a few prerequisite courses with a curriculum similar to the ones followed at the college offering the pharmacy programs. The prerequisite courses revolve around topics such as chemistry, biology, calculus, and physics.

• The application form for pharmacy programs can be easily downloaded online. Students interested in applying have to fill it out and send it via mail post to the college offering the program, before a predetermined a deadline. Each institution that offers pharmacy programs establishes its own requirements for admission, so make sure you study them thoroughly before applying. The most common requirement is having a certain GPA (Grade Point Average), usually above 2.5. Additionally, most colleges will also require students to pass an exam called the Pharmacy College Admissions Test, or PCAT for short, before they are allowed to enroll in the program.

• A professional pharmacy program will award you the degree of Doctor of Pharmacy (Pharm. D) upon successful completion of the courses. The program lasts for six years and it is divided in two sections: the first two years include pre pharmacy training course, while the remaining four years focus on professional pharmaceutical training. Transfer students from other teaching institutions will be able to enroll directly in the second section of the program.

• Throughout the six years of pharmacy programs, students will gain expertise on topics such as prescription and over-the-counter drugs, uses of medications, doses and times of administration, adverse reactions and side effects, as well as various mixtures of medicines. Pharmacy professionals will be able to work in drug stores, pharmacies, hospitals, medical facilities, department stores, or general merchandise stores.

• After completing the program and receiving the Doctor of Pharmacy degree, students will be able to schedule their examination with the pharmacy licensing board in order to obtain their license and to be able to practice as a pharmacist. Passing this exam is an absolute requirement in all states of the US and it is called the North American Pharmacist Licensure Examination (NAPLEX).

• Some pharmacy programs allow students in their sixth and final year multiple specialization options. Students can choose between Pharmacy Care, Pharmaceutical Sciences, or Health Service Research.

These are the most important things anyone wishing to attend pharmacy programs should know about. Becoming a professional pharmacist can be a very rewarding career choice. So if you are not sure what path you want to take in life, make sure you give this option some consideration; it might just be exactly what you are looking for.