One huge way to generate recurring revenue is to partner with local organizations to provide specialized pharmacy services.
As a former CEO at a federally qualified health center, I've seen how partnerships with community organizations, such as nursing homes, mental health facilities, correctional facilities, and shelters, typically offer people long-term services and need an excellent pharmacy to provide exceptional services to their residents.
By offering services such as:
âś…Bubble-packing
âś…Delivery
âś…Inventory tracking and ordering
... you can cement your pharmacy as a vital resource (and secure a steady monthly income!)
👉 My tip: Maintain a non-340b inventory of pharmaceuticals and meet with the medical directors, corrections captains, or executive directors in your area. Discuss the benefits of your services, negotiate cost + dispensing fees, and secure a contract that works for everyone.
This week, consider contacting potential partners to discuss a pharmacy partnership and their unique needs. Who will you contact first?
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