3 Qualities of Successful Independent Pharmacies

Qualities of Successful Independent Pharmacies
This post originally appeared on The Retail Management Solutions Point-of-Sale Point-of-View and has been re-published with their permission. You can view the original blog post here.


3 Qualities of Successful Independent Pharmacies

Last night I saw something truly frightening on TV.  It wasn’t a scary movie or even something terrible on the news. It was actually a commercial.  A commercial where a drug company was touting their new program allowing patients to fill their prescriptions online, directly through the manufacturer’s website.  One more facet of competition for independent pharmacies already fighting to thrive in an environment where they already face competition at every turn.

Of course, I mulled over this different form of competition all evening, wondering if this will become a major trend and pondering how an independent pharmacy can effectively combat drug manufacturers trying to take a bigger piece of the pie.  I tried to think about how many people would actually use a service like that, rather than going to their local pharmacy.  I suppose only time will tell whether this is a trend that will catch on or whether it will eventually fizzle out but personally, I think that there are a number of things that give independent pharmacies an edge, not only in this situation, but over box stores, chain grocery store pharmacies and many more forms of competition.

The most successful independent pharmacies that I have had the opportunity to work with seem to embody everything that box stores aren’t. Here are the three top things I notice about some of RMS’ most successful customers.

1) Their patients are more than names on a label

Our customers are extremely busy during the day, so when I speak with pharmacies, I’m always conscious that I’m probably interrupting something.  So I definitely don’t mind being put on hold for a while or the pharmacist setting the phone down for a few minutes to handle something else.  More often than not, the pharmacist, pharmacy manager or technician will ask me to hold on for a moment, simply to greet a patient that’s come in.  I hear them greet the patient by their name, ask how the kids are, or how work is.  That personal relationship can help to solidify a customer’s loyalty to your pharmacy and it’s something no one is getting from the box store down the street.

2) They consider their patients overall health as their responsibility

Independent pharmacies are more than just a place to pick up prescriptions.  It may be what gets a customer through the door the first time, but it isn’t what makes them stay.  Successful pharmacies try to engage their customers to work with them on disease state management and be a part of their healthcare team, rather than assembly line prescription filling.  Instead of hold music, I often hear custom greetings, inviting patients to take advantage of programs to better their health such as smoking cessation or weight loss.

3) They use technology to its fullest advantage.

There are vast array of different technology solutions out there to allow pharmacies to achieve their goals.  Being aware of and comfortable with new technology options for pharmacy systems, point-of-sale systems, robotics, IVR and more makes sure that your pharmacy stays on the cutting edge and helps you project a modern, professional and efficient image to match the above and beyond service that your pharmacy provides.  In 15 years working exclusively with independent and institutional pharmacies, we’ve found that the right technology can make the difference and truly help a pharmacy to thrive.

While these 3 qualities are by no means all-encompassing when it comes to what makes a pharmacy successful, they definitely are a key component of that overall success.  What do you think?  What helps your pharmacy to flourish with every increasing competition?


3 Steps to Set Up Your Independent Pharmacy for Success

3 Steps to Set Up Your Independent Pharmacy for Success
 Independent pharmacy owners feel the pressure to have the edge against big box chains, mail order, and other competitors. With more niche strategies opening up to the independent pharmacist, there are an increasing number of ways to exploit what you thought was a dead-end and gain from undiscovered opportunities.
3 Steps to Set Up Your Independent Pharmacy for Success

Read below for 3 ways you can set your pharmacy up for success with an interesting new niche you could establish in your pharmacy!

  1. Distinguish your pharmacy from chain stores. 

    Create an inviting space with well-defined areas for specific product types. Couple this with caring staff that seek out opportunities to help the customer. This pairing will help develop relationships and create repeat customers. 

    Your products are non-negotiable to a successful retail pharmacy. Using effective, high quality and unique products will create product loyalty. Try offering a combination of well-known big sellers and plenty of unique, reputable products. 

    Share what you know to help others bring their bodies back into a state of health. Train your staff on this as well as both seasonal and common items and trends.

  2. Establish yourself as a local healthcare expert. 

    Creating an image ofauthority and trust in the community is invaluable to your sales and retention efforts. Pharmacy tip: Offer webinars or in-store workshops on specific health topics (i.e. addressing high blood pressure or losing weight). Distribute brochures and flyers on providing information on adjunct or alternative therapies and products is a great way to get more people in the door.A great way to showcase your pharmacy as a local healthcare expert is to amp up your blog activity and distribute a weekly or monthly e-newsletter. Invite customers to subscribe to your blog and use that space to offer healthy tips (i.e., introduce natural medicines and therapies).

  3. Have a plan and share it with your team. 

    Developing a plan with your team will help them get on board with the company agenda and make them feel that their voice matters. Once you develop a plan, focus on a different sales goal each month. Training your team to be knowledgeable will give them the tools they need to confidently interact with your customers. Product and health care training opportunities should be provided each month. Then, reward your staff for a job well done!

About the Author:
Natural Creations is an exhibitor at the 2014 PDS conference and distributor of alternative medicines. They produce the highest quality products strictly operating according to cGMPs and made in a safe & controlled environment. Their product line is of USP grade & have a purity of 98-102%.

To speak with a representative, stop by booth #59 at the Independent Pharmacy Business Growth Conference to learn about the alternative medicines available to you, or visit Natural Creations online at www.natural-creations.net.