Lootman wrote:redsturgeon wrote:scrumpyjack wrote:Lootman wrote:redsturgeon wrote:We have opened a private pharmacy, we cannot dispense NHS prescriptions but deal with prescriptions from the local private GP practices and will be dealing with the new local private hospital soon.
Does it follow that a pharmacy that dispenses NHS prescriptions cannot fill private prescriptions?
I have sometimes had private prescriptions which I have taken to a pharmacy that does NHS ones and they handle the private ones fine. They just charge for them.
Correct.
So (and meaning no disrespect to your business acumen nor to your pharmacological prowess), what is the business opportunity here?
If Boots, Lloyds, SuperDrug etc. can all do both NHS and private prescriptions, and have a huge economy of scale, then what will your edge be?
We don't expect to make too much money from the dispensing of drugs, that is just a service that we provide to our clients. However we have a certain clientele who wouldn't be seen dead in Boots (ie. the type of person who uses private GPs) and there is a pretty standard fee structure for dispensing private prescriptions that won't really be undercut by Boots or Lloyds. We also speak to the local GPs to ensure we have the right drugs in stock. How many times have you been to your local pharmacy and been told to come back tomorrow for your medicines.
We will make most money on other services, blood tests, vaccinations, allergy testing, ear wax removal etc and once Mrs RS can prescribe then she is pretty much offering the same services as a private GP but with the drugs dispensed on the premises.
I must admit I was sceptical as first about how profitable the business might be but having seen with my own eyes customers coming in for a covid test and then walking out with a couple of hundred pounds worth of lotions and potions, I have changed my mind.
John