Just when you thought that good things never happen to pharmacies...
- Profits have plummeted to around 20%...if you're lucky
- Government regulation has become more and more burdensome
- Medicare Part D is a nightmare
- Staffing costs are through the roof
So, is it all bad? Absolutely Not!!!
Think about this...
- Because of baby boomers reaching Medicare age, sales growth of home health care equipment and supplies is estimated estimated to be 20% yearly. Diabetes supply sales, even higher
- Pharmacy home health care category profitability will average over 50% if done correctly
- Diabetes can be a 35-50% category in pharmacies, even if providing the brand name strips and accepting assignment if done correctly (although most pharmacies average under 20%)
- Medicare is requiring accreditation for providers to continue to bill part Part B. Half of the providers will drop out of Medicare Part B
The market is growing very rapidly and the competition is going away...This has the potential of being a goldmine for pharmacies
It will be a seller's market for years to come
- Millions of elderly diabetics will be looking for a new pharmacy when their's can no longer bill strips (and they will bring all their business to the store that can meet all their pharmacy needs)
- Referral sources will be scrambling for new sources of supply for their patients
It's my job to help you take advantage of this unprecedented opportunity. I have been in the pharmacy based home health care business for over eighteen years. I know it can be done be-cause I have done it and I have helped hundreds of other pharmacies to do it too.
My specialties include:
- Accreditation
- Home Health Care Department Startup
- Department Design
- Product Selection
- Marketing
- Training
- Reimbursement