A group of pharmacy team members smiling

How to build a Successful Wholesale Pharmacy Business

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How to build a Successful Wholesale Pharmacy Business

 

Man facing a uphill struggle

Challenging Times within the Pharmacy Business

Dispensing Doctors are general practitioners (GPs) that provide primary healthcare to 10.5 million rural patients. GPs that engage in pharmacy wholesale business face a unique set of challenges in managing their practice whilst still being a business. They must prioritise and balance patient care with the commercial demands of their pharmacy business and ensure that they remain compliant with Good Distribution Practice (GDP) regulations. In addition, they need to work with other wholesale traders and full-line suppliers, navigating the complex discount and rebate structures to make sure that they remain profitable.

Working Smarter

ML consultants can share valuable insights, support and tools to enable Dispensing Doctors to better manage their pharmacy wholesale business such as:

  • Leveraging trading and sales data, market intelligence and analytics to identify trends and profitable lines from the supply chain and optimise gross margin.
  • Connect your business to our vast pharmaceutical wholesale network.
  • Training staff to be GDP compliant, streamline and optimise processes as well as to automate routine tasks. This leads to increased productivity, save time and reduces errors.
  • Setting up Financial Management Systems to validate and scrutinise all sales, purchases, discounts and rebates to maximise profitability and avoid losses.

 

A group of pharmacy team members smiling

Support with MHRA Compliance

We can help support the practice by:

  • Implementing a Quality Management System and providing GDP Awareness Training for the entire wholesale team at the practice. This will meet the practice’s GDP regulatory obligations.
  • Provide a Responsible Person (RP) or support the practice with advice, particularly when preparing for a GDP Inspection by MHRA

A female inspector auditing

 

 

How ML Consultants work together with you

ML consultants have the expertise and knowledge to successfully help Dispensing Doctors thrive and prosper with their wholesale trading business despite the many challenges they face. We can maximise your trading opportunities, help you meet your regulatory obligations and build a strong and sustainable business.

 

How can I start building my Pharmacy Business today?

Let ML Consultants help you build your Wholesale Pharmacy Business. Click on the book now button down below.

 

Book Free Consultation

 

 

Case Study 4 – Pharmacy Quality Scheme

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THE CHALLENGE

Points mean prizes in the Community Pharmacy Contract Framework (CPCF). Previously the Pharmacy Quality Scheme (PQS) was known as the Quality Pharmacy Scheme (QPS) and for every point, you achieved and declared to the NHS BSA you received £65. The £75 million per year set aside for this program remains in the new 5-year Pharmacy Contract.

Our contractors in the Lipco Group did not have a quick, efficient and easy solution to maximise of the Pharmacy Quality Scheme

THE SOLUTION

Mukesh Lad helped implement an IT management tool and provided Staff training to help 95% of ALL members achieve 100 points and claim a minimum of £6500 in the 2017/18 QPS program.

I can assist you in maximising the income generated from the PQS but also get your pharmacy in a great position in general. Get in touch with me today and let’s talk about your pharmacy business.