Innovating for 503A Growth: Looking Within

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By Vivian Juter Frankel. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

I wanted to explore how compounding pharmacies can grow their business. I know, particularly with 503A’s that compounding pharmacies are looking for new ways to increase revenue and I became intrigued with the idea of finding new markets that a pharmacy may not have initially intended when they opened for business. One of the things that I want to explore during this series is the idea of looking outward to grow. By that I mean, exploring partners and opportunities that may not be part of your core business.

The first person I spoke with about this is Greg McKetrick from Stanley Pharmacy. Through this series he took me on a journey of how he successfully embraced business relationships to create new partners ranging from doctors to suppliers. Relationships and a level of trust has opened up not just new opportunities in traditional pharmacy/client/customer relationships but entire new revenue streams that were never even dreamed of when Stanley Pharmacy was founded

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