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What Do New Pharmacists Need to Know About Business

In pharmacy school, the focus is on medical knowledge, not how to run a pharmacy. But as a new pharmacist, you will be confronted with issues relating to the operation of the pharmacy, so it is a good idea to become familiar with some of the basics of its operation as a business. Here are a few.


First of all, you need to make sure that your records and your stock actually match. Pharmacists know what inventory they have, but it’s still a good idea to check it occasionally so that you can better match your orders to what you need and make sure your records are accurate.

You also need to keep track of your electronic system for maintaining inventory. Adjustments may need to be made from time to time here also. Physicians may switch to a generic replacement from a brand name more often than in the past, for example. You need to make sure inventory matches demand. Read More >>

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