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Independent Rx
เข้าร่วมเมื่อ 26 ม.ค. 2017
Newly launching or already established, Independent Rx is your trusted and proven partner for starting/buying, accounting services or selling your pharmacy.
How to Transfer and Close Licenses, Insurance Contracts and Corporation When Selling a Pharmacy
Are you preparing to sell your pharmacy, or simply want to understand the key steps involved? We hosted an essential webinar that will guide you through the process of transferring and closing licenses, insurance contracts, and corporations when selling a pharmacy.
During this session, our expert panel will covered the following topics:
The Process of Transferring and Closing Licenses and Insurance Contracts: Learn the necessary steps to ensure smooth transitions for your pharmacy’s operational requirements.
When to Notify/Submit Paperwork to Regulatory Bodies: Know exactly when and how to submit key documentation to the various regulatory bodies, and avoid unnecessary delays in the sale process.
Understanding Power of Attorney: Gain insight into how Power of Attorney works in the context of a pharmacy sale and its role in the transfer process.
How Regulatory Requirements Change in a Stock vs. Asset Sale: Learn the key differences between stock and asset sales and how regulatory requirements shift depending on the type of transaction.
The Impact of Chain vs. Independent Sales on Regulatory Compliance: Understand how selling to a chain or an independent buyer influences your regulatory obligations and how to best navigate the unique requirements of each.
Whether you're in the early stages of selling or already have a buyer lined up, this webinar will help you stay ahead of the regulatory complexities and ensure that your sale proceeds as smoothly as possible.
During this session, our expert panel will covered the following topics:
The Process of Transferring and Closing Licenses and Insurance Contracts: Learn the necessary steps to ensure smooth transitions for your pharmacy’s operational requirements.
When to Notify/Submit Paperwork to Regulatory Bodies: Know exactly when and how to submit key documentation to the various regulatory bodies, and avoid unnecessary delays in the sale process.
Understanding Power of Attorney: Gain insight into how Power of Attorney works in the context of a pharmacy sale and its role in the transfer process.
How Regulatory Requirements Change in a Stock vs. Asset Sale: Learn the key differences between stock and asset sales and how regulatory requirements shift depending on the type of transaction.
The Impact of Chain vs. Independent Sales on Regulatory Compliance: Understand how selling to a chain or an independent buyer influences your regulatory obligations and how to best navigate the unique requirements of each.
Whether you're in the early stages of selling or already have a buyer lined up, this webinar will help you stay ahead of the regulatory complexities and ensure that your sale proceeds as smoothly as possible.
มุมมอง: 72
วีดีโอ
Webinar - Common Roadblocks to a Smooth Sale of Your Pharmacy
มุมมอง 76หลายเดือนก่อน
Selling your pharmacy can be a complex process, filled with potential roadblocks that can delay or complicate the transaction. Join us for our upcoming free webinar, Overcoming Roadblocks in Selling Your Pharmacy, where we'll discuss common challenges and provide practical solutions. Key takeaways: - Strategies for finding a qualified buyer - Tips for clearing UCCs on your business - Guidance o...
Webinar - 2024 Tax Planning
มุมมอง 1082 หลายเดือนก่อน
Join Independent Rx as our tax experts host a discussion that explores effective 2024 pharmacy tax planning. Items to be discussed include: General Concepts in Tax Planning Benefits of tax planning - Understanding Tax Rates, Tax Brackets and Timing - Cash Basis - Depreciation - Self Employed Deductions Review of 2024 Changes Overview of Basis Calculations What is Basis and Why is it Important -...
Webinar Marketing Your Pharmacy For Sale
มุมมอง 732 หลายเดือนก่อน
Join Independent Rx for a discussion that explored Marketing Your Pharmacy for Sale. Our discussion explored: - The components of an Information Memorandum booklet. - How to reach buyers - What about your pharmacy will attract buyers? - Keeping it confidential The panel also answered live questions from attendees.
Webinar - How to Capitalize on the Closings of Chain Pharmacies
มุมมอง 1444 หลายเดือนก่อน
- The Rite Aid/Walgreens closing near you? - Financing Options for backfill or increased business. - Marketing to patients of a closing location - Plus our 2024 Mid Year Report
Reading and Understanding Your Financials
มุมมอง 1255 หลายเดือนก่อน
Join Independent Rx as our experts hosted a discussion that explored Reading and Understanding Your Financials. Are you making informed financial decisions for your pharmacy business? Our live webinar covered, “Reading and Understanding Your Financials,” where we delved into essential topics that empower you to manage your finances effectively. - Comparing Your Financials to Pharmacy System Dat...
Webinar - Innovative Financing in a Changing Pharmacy Market / With First Financial Bank
มุมมอง 1267 หลายเดือนก่อน
In this webinar Independent Rx and First Financial Bank provides insights and guidance in the following areas: - Changes to seller notes - Expansion financing with 0% down - Update on DIR fees since Jan 1. - Adding cash-based services in your pharmacy - Importance of looking at financials and benchmarking against industry standards
Webinar - How To Sell Your Compounding Pharmacy
มุมมอง 918 หลายเดือนก่อน
Join Independent Rx for a panel discussion that explored the key steps involved in selling your compounding pharmacy. Topics to discussed included: - What steps to take to make your compounding pharmacy more valuable - Why compliance to regulations is important - Securing key personnel The panel also answered questions live from attendees.
Webinar - Pharmacy Sell Services - What a Marketing Booklet Should Include
มุมมอง 1058 หลายเดือนก่อน
View our Webinar on What a Marketing Booklet Should Include when Selling Your Pharmacy Our discussion included: - Why you need a marketing booklet? - What should be in the booklet? - When do you send it to a prospective buyer? The panel will also answered questions live from attendees.
Selling Script Files versus Company Stock
มุมมอง 219 หลายเดือนก่อน
Selling Script Files versus Company Stock
Why Young Owners Want to Buy Your Pharmacy
มุมมอง 369 หลายเดือนก่อน
Why Young Owners Want to Buy Your Pharmacy
How Long Does It Take to Sell Pharmacy
มุมมอง 969 หลายเดือนก่อน
How Long Does It Take to Sell Pharmacy
SBA Changes and How They Impact Pharmacy Acquisitions
มุมมอง 1579 หลายเดือนก่อน
SBA Changes and How They Impact Pharmacy Acquisitions
Webinar - Starting a Pharmacy - Perspectives from those who have done it!
มุมมอง 28911 หลายเดือนก่อน
Webinar - Starting a Pharmacy - Perspectives from those who have done it!
Webinar - Important Steps to Successfully Sell Your Pharmacy
มุมมอง 179ปีที่แล้ว
Webinar - Important Steps to Successfully Sell Your Pharmacy
Webinar - Maximizing Cash at Closing when Selling Your Pharmacy
มุมมอง 125ปีที่แล้ว
Webinar - Maximizing Cash at Closing when Selling Your Pharmacy
Webinar - Independent Rx and Medisca discuss Pharmacy Coaching Services
มุมมอง 189ปีที่แล้ว
Webinar - Independent Rx and Medisca discuss Pharmacy Coaching Services
Webinar - Selling to a Chain versus a Private Buyer
มุมมอง 156ปีที่แล้ว
Webinar - Selling to a Chain versus a Private Buyer
Webinar - Three Key Pharmacy Accounting Concepts
มุมมอง 573ปีที่แล้ว
Webinar - Three Key Pharmacy Accounting Concepts
Webinar - Why Owning Real Estate is a Good Investment
มุมมอง 121ปีที่แล้ว
Webinar - Why Owning Real Estate is a Good Investment
Webinar - Independent Rx & Medisca - Mazter Class on Pharmacy Technology and Finances
มุมมอง 114ปีที่แล้ว
Webinar - Independent Rx & Medisca - Mazter Class on Pharmacy Technology and Finances
Webinar - Buying the Pharmacy Where You Work
มุมมอง 447ปีที่แล้ว
Webinar - Buying the Pharmacy Where You Work
Webinar - The Pharmacy Ownership Journey
มุมมอง 725ปีที่แล้ว
Webinar - The Pharmacy Ownership Journey
Webinar - Pharmacy Multi Store Ownership
มุมมอง 165ปีที่แล้ว
Webinar - Pharmacy Multi Store Ownership
Webinar - The Business of Pharmacy and Real Estate - Should You Own Your Building?
มุมมอง 277ปีที่แล้ว
Webinar - The Business of Pharmacy and Real Estate - Should You Own Your Building?
Webinar - How to Use Your Financial Statements to Improve Your Pharmacy Business!
มุมมอง 2552 ปีที่แล้ว
Webinar - How to Use Your Financial Statements to Improve Your Pharmacy Business!
what if i want to just want to sell pharmacy without any money like give away files to cvs and inventory does it have to go thru all road block too?
It’s tough though risking-reward. Could try independent but right now I have a low stress 165k spot with grocery store chain 5 weeks PTO
Couple of good guys here that really understand pharmacy. Would highly recommend listening to this webinar.
Thanks Jeff! Hope all is well.
My store is set up as a C-Corp. Can I still let the store pay for my wife and I's health insurance? I have been paying for it out of my household income.
The pharmacy could definitely pay for your health insurance as owners of the C-Corp. However, this benefit would have to be made available to all eligible employees. This would be recorded on the company's books as Employee Health Insurance expense.
@@IndependentRx thank you!!
Thank you🙏
Very impactful🙏 Thank you!
Thank you all🙏
Adress
Excellent
I need job
Go Chiefs!
Great comment Derek!
Can’t you put down 5% and the seller put up the other 5% in seller’s equity to fulfill the equity requirement?
Yes you can, but the 5% seller note has to be on standby (not payments) for the length of the loan.
@@owenbondurant1604 thank you!!
A lot of info here. Keep up the good work.
Thanks appreciate you listening.
Thank you 💓
This was a great presentation. Would love to hear the speakers thoughts today, as much as the market has changed in 5 years. I’m 12 years as an independent pharmacist, non-owner, and have an opportunity to purchase.
Thanks for taking the time to view the video and comment. The business has changed a lot over the past few years. Margins have decreased and competition from PBMs in particular has made things more difficult. However more than ever an independent has more options in terms of lines of business than ever before from immunizations, point of care testing, labs, compounding, LTC etc. Independent pharmacies have to adapt to the changing healthcare market and the ones who do will capitalize on the changing environment. Please reach out if you would like to discuss further.
Where can we reach out
One day I will own multiple pharmacies
I’m currently looking at buying a store and this video is loaded with valuable info. Thank you!
Thx a lot for sharing
Nice Video. Check out our Inventory Management System for Pharmacies here: sarutech.com/product/pharmacy TH-cam Video Tutorial: th-cam.com/video/QfFoDE5fWwQ/w-d-xo.html Works Both Online and Offline across different devices. Setup in less than five minutes.
What about your thoughts on opening an independent pharmacy store? Is there a possibility that this can be done in the future where the pharmacy tech can work the store with a virtual pharmacist? Love to get your thoughts ……
Kim - we own and operate independent pharmacies. We help people every day open pharmacies so it is definitely possible. As for opening with a virtual pharmacist, I do not see this in the near future as we have not heard any rumors regarding it. They are starting to allow technicians to do much more such as immunizations and work telepharmacy locations.
I am owning my own pharmacy some day. Mark. My. Words.
Do you have to be a pharmacist to own a pharmacy?
yes lol
That’s not necessarily true
James Charles not true my aunt only has a high school diploma and owns 5 pharmacies in New York City.
@@wirelesschick123 How so? She has partners with pharmacy people
Michael Cornell she hired the doctors.
This is awesome!!
Masterpiece XD
Great presentation