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Your Dispensary – Core Business Could Evaporate
This year will be “crunch time” for most community pharmacies who have not yet decided on adopting disruptive technologies as a means of improving the “bottom line” of their pharmacy. I am thinking specifically the decision to purchase a robotic dispensing machine. It is almost a “no-brainer”. Robotic dispensing equipment has been available to pharmacy…
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Fast Food Leading the way – Annihilate Dispensing or Enhance it?
The fast food industry is rapidly moving to replace employees with robots to eliminate payroll, health benefits and human unreliability. It will prove to be a template for pharmacy evolution and it’s under way right now. Also, it’s very likely that, within your professional lifetime, you’re going to see a huge revolution in robotics. It…
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Digital Nomads – Providing Clinical Services That Appeal
There’s a growing opportunity that is emerging among professionals who are adapting to a nomadic lifestyle. You don’t have to be “grey” to qualify for the lifestyle – and it can accommodate any age. It does however, require a full confidence in your knowledge base and have some tech-savvy skills in addition. Welcome to the…
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Charisma breeds success
Some people walk into a room and all heads turn. When they begin to speak, people are mesmerized. They instantly gain respect and trust. In a word, they have charisma, one of the most desirable and enviable qualities in the world. What is charisma? It’s hard to define, but it is many things, such as…
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Getting fired can be a good thing
When you are fired, you’re rejected. It’s as simple as that. It’s the end of the road for that job. But it might put you on the superhighway to a Super Bowl championship! Look no further than Gary Kubiak, who is the newest poster child for rebounding from adversity. He was fired as head coach…
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Disruptive Technology for Patient Engagement
New technologies pave the way for innovation to drive business practices in pharmacy. Unfortunately, innovation appears to be a slow process in Australian pharmacies and as a result there is a pent-up frustration among young pharmacists that nothing is happening. On the other side of the coin there seems to be a majority of pharmacy…
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Courage is an everyday virtue
Students in a philosophy class were anxiously awaiting the start of their final exam. The professor had warned them that it would be one of the most challenging tests they would ever take. The teacher wrote one question on the board and said, “This is your exam. You have one hour to complete it.” One…
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Pharmacy has lost its chemistry
The pharmacy profession has lost its chemistry, it has become pharmacy against pharmacy until the cheaper more aggressive one triumphs against the other. The consequences of losing our chemistry is that we are no longer afraid of destroying the lives of the pharmacy next door, because they are looked at as a business and business must…
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The Formal Documents Required for a Functioning Pharmacy Business
Many pharmacy businesses (even some of the larger variety) often do not conduct important aspects of their business by having basic contracts/agreements in place for each activity. You do not have to be a legal expert, when often all that is required is an exchange of letters confirming details of your mutual discussion and your understanding…
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Taking the Initiative with Co-Pay
Chemist Warehouse, as you would have imagined, has taken the initiative to discount the co-pay for PBS prescriptions by $1.00. The impact on a retail pharmacy like the warehouse model is not quite the same as for a community pharmacy, because budgets for retail pharmacies are geared for lower profit percentages combined with higher turnover…