Transforming Pharmacies into Nonprofit Entities | Edward Ullmann, R.PH., MPA

The Business of Pharmacy Podcast™

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

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