There’s been incredible turbulence in the healthcare world in recent years, and this has proven especially true in the pharmaceutical sector. Much of this instability has been fueled by changing federal and state regulations and laws impacting the industry.
Although running an independent pharmacy has become more challenging in recent years, it also remains one of the largest industries globally. In 2019 alone, the pharmaceutical industry generated $1.25 trillion worldwide. Yet, 12 percent of pharmacies closed between 2009 and 2015.
How do you safeguard your independent pharmacy against increasing pressure and disruption, especially in the age of Amazon? Keep reading for ways to gain and keep a competitive edge as a community pharmacist.