The Business of Pharmacy Podcast

by Mike Koezler

In this episode, we host Ed Ullman, CEO of Wellness RX, who sheds light on the struggles of independent pharmacies. He proposes transforming for-profit pharmacies into nonprofit entities, focusing on community well-being and sustainable operations.

https://www.wellnessrxllc.com/

Key Points:

• Economic pressures and reimbursement issues in the pharmacy sector.
• Ullman's vision for a new pharmacy model, including mental health and wellness services.
• Experiences from opening the first nonprofit community pharmacy in the U.S.
• Reflections on pharmacists' role during the COVID-19 pandemic.
• Advocacy for legislative change, particularly Medicaid reimbursement.

Quotes:

1. "The public seeks leaders prioritizing community well-being." - Ed Ullman
2. "Nonprofit option offers stability and opportunity to make a salary without accumulating debt." - Ed Ullman
3. "Pharmacy profession can regain relevance by prioritizing community service, wellness, and sustainability." - Ed Ullman

Listen here