Independent Pharmacy Research Paper

Ranked thirteenth on U.S. News and World Report's "Best Paying Jobs" and making an average of $58 per hour, becoming a pharmacist would be an appealing career. On the other hand, the six to eight years of college along with multiple large tests would drive numerous people away. Pharmacists' responsibilities vary from the obvious, filling prescriptions, to informing patients about the medication and general health tips. Independent pharmacies are a prime example of a business not being all about the money and profit. Pharmacists who own a pharmacy are inclined to have more time on their hands. As a result, they are more likely to be able to shape exclusive relationships with each customer inevitably causing the customer service to acclimate. As chief operating officer of the AAP, Semingson knows what it takes to succeed in the independent world. He explains, “There are 2 clear things that differentiate an independent pharmacy from a large retail chain pharmacy. First, the relationship between an independent owner and their patients is unique. The whole success of their business depends on treating patients kindly and servicing their needs”(Difference). Consequently, large chains have more patients which result in longer wait times and less time …show more content…
The drug selection for independent pharmacies is far less than that of large corporations. Local pharmacies' quantity of drugs are limited and are required to order their supply of drugs, while chains have an extensive supply of drugs to choose from. On the contrary, the drug prices at large chain pharmacies are non-negotiable and have a tendency to be priced higher. The independents do have the lowest average markup, at 1.43% and Large Chain Pharmacies have the highest with 7.82 % (Pearson). Independent pharmacists rely on local, faithful customers to purchase their prescriptions from them as an alternative to the