Opening a New Pharmacy

Paths to Ownership

It’s a goal of so many pharmacists – owning your own store. The ways to get there are as varied as the communities you serve. Some pharmacists step immediately into well-established family businesses, some work first in corporate pharmacy, and some buy stores from veteran pharmacists ready to pursue retirement hobbies. And a successful store is often followed by a second pharmacy (or third, or…).

Although these scenarios have unique considerations, questions about finance, real estate, merchandising, and legal requirements top the list. As creator of the first pharmacy management system, QS/1 is proud to be a resource for pharmacy owners.

Starting Out

Opening a pharmacy is undeniably complex and doing it from the ground up for the first time is compounded by all the unknowns of something new. There are loans, licenses, business plans, shelf layouts, purchasing agreements, and so much more. Happily, support for new owners is out there.

Read more about starting a new pharmacy.

NCPA Pharmacy Ownership Workshop

Live Oak Bank Pharmacy Resource Center

Santa Monica Pharmacy and SharpRx

Opening A New Independent Pharmacy 101

NCPA Community Pharmacy Start-up Benchmarking Report

Taking Over an Existing Pharmacy

Whether you buy from a retirement-age colleague or take over for a family member, becoming an established pharmacy’s new owner is a big deal. What should you keep? What should you modernize? How do you bring your values to ownership? Here are just a few sources of guidance and inspiration.

Read more about becoming the new owner of an existing pharmacy.

NCPA Pharmacy Ownership Workshop

Live Oak Bank Pharmacy Resource Center

5 Things You Need To Know To Acquire a Pharmacy

Marketing Your Pharmacy as Home Base

The Bright Side (Businesses) of Independent Pharmacies

Generations Apart with a Common Thread that Binds

Opening Another Location

You’ve done it – you’re successfully managing a thriving pharmacy, and you know your services could help patients in other locations. Becoming a multi-store owner brings its own unknowns, but it also connects you with a community of fellow pharmacy owners to learn from.

Read more about becoming a multi-store owner.

How to Determine if Multi-Store Ownership is Right for You

Competing with big chains 

Live Oak Bank Pharmacy Resource Center

About QS/1

QS/1 is the leader in pharmacy management systems, providing software for community pharmacies in an ever-changing and dynamic healthcare marketplace. We are, and have always been, customer focused, and our software solutions help independent, chain, hospital outpatient pharmacies, and HME businesses remain relevant, profitable, and proficient through technology. QS/1 is the only vendor with an integrated suite of products and services, including POS, IVR, document management, mobile and delivery apps, prescription synchronization, and HME billing and compliance. We also offer the industry’s only 24/7 Emergency Customer Support. QS/1 is part of Smith Technologies, LLC, a subsidiary of the J M Smith Corporation, one of the largest privately held companies in South Carolina.

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© 2019 J M Smith Corporation. QS/1, the QS/1 logo, NRx, SharpRx, ShipRx, SystemOne, CornerDrugstore, Health-Minder, InstantFill, mobileRx, PaySentry, QS/1 DeliveryRx, QDM, Remote Checkout, and RetrieveRx are registered trademarks and Multi-Site Management is a trademark of the J M Smith Corporation. QS/1 is part of Smith Technologies, LLC, a subsidiary of the J M Smith Corporation.