Generally speaking, it is estimated that it costs approximately six years of the (start-up) retail pharmacist’s life in study time at college and a school of medicine. Further than that is time well-spent working as an intern for an established retail pharmacy network. Fortunately, by that time, the young medical graduate is at least earning his keep. But with or without a scholarship, he or she has already begun the arduous process of paying off the (generally) expensive study loan.
Many scholarships in medicine work that way as well. The young medical student is granted access to a fine school. And only when he or she is gainfully employed will payment of the loan begin. This could be a motivating factor for wishing to go into private practice where there is always potential to be earning considerably more than would have been the case when serving patients through public administration.
So, after five, six years of studying, as well as practical training, time spent (usually around two years) at business administration school could also be added. The junior but ambitious retail pharmacist is, however, able to hit the ground running in his or her practice by implementing retail pharmacy computer systems at the start of the business operation. By utilising such systems, efficiency of purpose can be expedited.
An efficient billing system is created. This may alleviate the necessity of having to employ bookkeeping services or expending additional production hours on the financial resources of the small start-up business. These systems also improve the capacity of the retail pharmacist to be of greater service to his or her (newly established) local clientele. Customers always receive their medication on time.
And their prescriptions are always processed accurately per the scrips written by the pharmacists’ medical partners.