Description

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

Connect with Mike:

Instagram: https://www.instagram.com/bizofpharmpod/

Facebook: https://www.facebook.com/BizOfPharmPod

YouTube: https://www.youtube.com/c/TheBusinessofPharmacyPodcast

Twitter: https://twitter.com/bizofpharmpod

LinkedIn: https://www.linkedin.com/company/bizofpharmpod

Website:https://www.bizofpharmpod.com

Leave us a review and rating here: https://www.bizofpharmpod.com/reviews/new/