Pharmacy Technician Schools – What’s the Best Place For You?

The main responsibility of a pharmacy technician is to help licensed pharmacists fill out prescription requests that come from hospitals, physicians, nurses, and from patients themselves. This task includes retrieving prescription orders, counting, measuring, weighing and pouring medications, mixing medications, selecting proper prescription containers, and creating prescription labels. Afterwards, a licensed pharmacist checks the completed prescription before it is given to the patient.

Aside from filling out prescriptions, the technician assists in the pharmacy’s day-to-day operations and performs non-medication-related functions, such as preparing insurance claim forms, maintaining files, attending to cash register transactions, taking inventory of over-the-counter medications and taking calls.

Pharmacy technicians need to have proper training for the job. Aspiring technicians have to enroll in and complete pharmacy technician training courses. There are schools that offer associate-level degrees; others offer certificates and diplomas for degree holders who wish to be employed as technicians. The best training opportunity they can get comes from on-the-job training in pharmacies or within the pharmaceutical industry.

There are training sessions that prepare students for certification as pharmacy technicians. These are available from pharmacy schools, community colleges, hospital and military career colleges and pharmacy associations. The sessions consist of both classroom and laboratory classes and may include an internship period where students learn hands-on the techniques and skills associated with the job. They may also study online through a variety of online course training programs. At the end of the training, the students receive a diploma, a certificate, or an Associate’s degree, and they also become entitled to take the National Pharmacy Certification Examination.

Formal pharmacy technician education programs require classroom and laboratory work in the areas of medical and pharmaceutical terminology, pharmaceutical calculations, pharmacy record keeping, pharmaceutical techniques, and pharmacy law and ethics. Aspiring technicians are required to learn the names of medications and their actions, uses, and doses.

Pharmacy tech certificate programs provide the basic skills needed for the job and usually take less than a year to complete. The only requirement is a high school diploma. Primary technician diploma programs are longer and are designed to add to the stock knowledge gained from the initial certification and prepare the graduates for certification exams. A pharmacy technician associate’s degree program takes around two years to complete and provides a broader scope of training in the medical fields, as well as focused training in pharmacy practice.

Pharmacy techs are not confined to pharmacies; they can also be found in hospitals, medical stores, health and personal care stores, nursing homes and assisted living facilities. This is a profession that is best suited for self-starters, for people who are easily motivated and are science and math-oriented. It’s also a job that requires people skills because in retail pharmacy, the people in the business talk to customers all day long. In addition, since this a job in the area of health care, the pharmacy technician has to be willing to work flexible hours, including holidays and rest days.

There is opportunity for growth in this kind of a career. As many as 50 pharmacy training schools have been listed as of 2008; the number is growing as opportunities for employment continue to be very strong. People will always need medical care and attention; therefore, there will always be a strong demand for any role that is played in the hospital setting, e.g. laboratory technician, nurse, surgeon. The wealth of opportunities is there; go after it.

Area of Practices in Pharmacy

A health professional who practices the science of linking between the health disciplines with chemical sciences is called a Pharmacist, whom are accountable in ensuring the safe and effective use of medicines. Medicines have various functions and serve different purposes, which is why pharmacy may be practiced in different areas.

Most pharmacists practice their profession in a Community Pharmacy. It comprises of a retail storefront with a dispensary for storing and dispensing medications. All pharmacies whenever open are required to have a licensed pharmacist on-duty or must be owned by a registered pharmacist. But this was later revoked in many jurisdictions since many establishments have a pharmacy department. Nowadays, pharmacies are not limited to retailing and dispensing medicines, but like grocery stores with many selling a variety of items including cosmetics, shampoo, office supplies, confections, snack foods, durable medical equipment, greeting cards, and provide photo processing services.

A Hospital pharmacy situated inside hospitals have more complex medication management issues in contrast to the more complex business and customer relations issues of a community pharmacy. It stocks a larger range of medications dispensed in the hospital either as unit-dose or a single dose of medicines.

In Clinical Pharmacy, patients are provided with direct care services optimizing the use of medication for health promotion and disease prevention. It initially began in hospitals and clinics but now, clinical pharmacists administer care for patients in whatever health care setting. The clinical pharmacist’s work is in collaboration with physicians, nurses and other healthcare personnel in various medical and surgical areas, making their profession an integral part of patient care.

Preparing drugs in new forms is the job of a Compounding pharmacist. For example, a drug manufacturer provides a certain drug in tablet form, the compounding pharmacist might produce a medicated candy containing the drug, thus a patient may only suck or eat the candy if he has a hard time swallowing tablets. Compounding may also mean mixing different strengths of capsules and tablets to produce desired effect by the doctor.

A Consultant pharmacist concentrates on medication regimen review rather on the actual provision of drugs and typically works in nursing homes.

Internet pharmacies have been established worldwide since the year 2000. Many are alike with community pharmacies which may serve customers online or walk-in. Internet or Online pharmacies are recommended to those who are home-bound or those who prefer a more private and convenient method in buying medicines. Since some online pharmacies sell drugs to online consumers without prescription, one major concern of this area of practice is the ease by which people, especially the youth, can access prescription or controlled drugs.

Animal or veterinary pharmacies stock different assortments of medications for animal pharmaceutical needs. They are often separated from regular pharmacies.

Nuclear pharmacy’s main concern is the preparation of radioactive materials for diagnostic tests and treating certain diseases.

A Military pharmacist has a working environment which is completely different from the others as most of the duties performed by the technician might be considered illegal in the civilian sector.

In Pharmacy Informatics, pharmacy practice science and applied information science are combined together. Informaticists work in many areas of pharmacy but may well be trained to take part in medication management system development, deployment and optimization.

Stay Safe by Using Online Pharmacy Reviews

Online pharmacies are all the rage in buying medicine, what with the ease people can get pills over the much-glorified Internet without having to travel a block or so to reach an actual pharmacy. Often, these websites employ their own in-house physicians whose job is to analyze a customer’s condition and prescribe the appropriate medication – a welcomed assist for people who find visiting the local doctor very inconvenient, too costly, or both.

With that in mind, though, all good things do come with an inherent risk tag attached to them. While most online pharmacy sites sell prescription pills only to people with an actual prescription, it is safe to say that there are some that do not enforce that practice. Thus, some people turn to them in order to acquire medication that they otherwise would not have been able to purchase, which can possibly be a dangerous proposition. One also runs the risk of ordering medication from fraudulent online pharmacies that charge payment but do not send the goods. Still, some may encounter very unprofessional sites.

Online Pharmacy Reviews Secures You

Enter the saviors for most online pharmacy customers: the online pharmacy review websites. They act as the watchdogs of the online pharmacy game, scrutinizing each and every one of the pharmacy sites and then relaying their findings to prospective clients through virtual online pharmacy guides. These so-called “guides” suggest the best and most reliable sites to do business with, as well as raise the red flags on those they deem to be inadequate and untrustworthy. The criteria they use for judging online pharmacies vary from website to website, but mostly it revolves around these factors: product quality, shipment, support, and overall reliability.

It is often a good idea to check with these review sites to be able to filter the best from the wide range of e-drugstores on the web. Researches say that since 1998, the online pharmacy industry has been growing exponentially – by 2010, it is estimated that the number of pharmacy sites will rise to around ten thousand.
Online pharmacy reviews are definitely not to be taken carelessly by pharmacy websites. Independent studies generally show that the reviews put forth by these review sites have considerable influences on the consumer shopping behavior. Not just that, most of them employ people who have professional expertise on the field to write the best pharmacy reviews. This is to insure quality for consumers that the review writers possess the necessary qualifications and transparency to back up what they say in their reviews, and are not just random people in the employ of online pharmacy companies seeking to advance business or destroy other websites.

The User Input Factor

However, what probably is the best characteristic of online pharmacy reviews is its ability to convey feedback from those who actually had the experience of buying from online pharmacies. Such information is indispensable, as a reader will be able to decide what site to patronize in light of the writer’s experiences. Granted, not all of the user reviews are perfect – some are just out to tarnish a company’s reputation – but they do help.

This is the reason why the same users are encouraged to become more transparent about their personal information and whether they have actually bought pills from an online pharmacy, so as to assure quality reviews – and most respond positively. Close criticism by independent researchers generally find that user ratings are usually uncannily accurate, although they say that these are just a listing of opinions and should be judged as such. Thus, those who read online pharmacy reviews are advised to consume them with a grain of salt.

Becoming a Pharmacy Technician Is a Good Step Towards Becoming a Pharmacist

Due to increasing healthcare demands the pharmaceutical industry is rapidly growing and changing. In the past, it was not necessary for pharmacy technicians to obtain any type of certification. However, because it is becoming significantly more competitive in obtaining industry related jobs, certification has been one way potential pharmacy techs can stand out from the other job applicants. In addition, many certified pharmacy techs are finding that their jobs are excellent stepping-stones towards becoming a pharmacist.

Pharmacy tech education programs usually require an individual to attend six months to two years of educational training. These programs are offered through a variety of organizations, like vocational schools, community colleges, hospitals, and even the military. A good pharmacy tech educational program will have areas of study that include:

– Medical and Pharmaceutical Terminology
– Pharmacy Record Keeping
– Pharmaceutical Calculations
– Pharmacy Law and Ethics

Individuals in these programs are also required to obtain knowledge about the uses, names, actions, and doses of the many types of medications they will be working with. Several of these training programs also include internships with pharmacies, in order for the students to obtain hands on experience. Upon finishing these programs, students that show proficiency will either receive a certificate of completion or an Associate Degree. One benefit to the programs that allow students to earn a degree is that very often those degree credits can be transferred to a school offering pharmacy degrees.

Obtaining a pharmacy tech certificate not only allows individuals to stand out when it comes to finding a place of employment, many schools will give preferential treatment to those they feel have already proven that they have a commitment to pharmaceutical work. The schools do this for several reasons:

– Individuals who have taken the time to obtain a certificate show a commitment to furthering their education.
– Certified pharmacy technicians are familiar with what it takes to keep a pharmacy running smoothly.
– Due to the rigors of the certification process, pharmacy technicians possess a basic knowledge of medications, their uses, and proper dosing amounts.

Many pharmacy students who have worked as pharmacy technicians also find that it is easier for them to get prime pharmacy internship slots, since they are already familiar with the inner workings of a pharmacy. The same can be said for recent pharmacy school graduates who previously held a pharmacy technician certificate. Many companies view pharmacists, who also took the time to earn a technician certificate, as someone they have to invest less time and money in for training.

Pharmacy techs who spend time obtaining a certificate from a recognized training program have many benefits that a technician who has only received on-the-job training does not have. The training certificate makes it easier for the new technician to get a job in the pharmaceutical field, and it also helps him or her stand out from the other pharmacy school applicants. Overall, many people find that a career as a pharmacy technician is an excellent stepping-stone to furthering their education and becoming a pharmacist.

How to Become a Pharmacy Technician

All of us, at some or the other point in our lives, have visited a pharmacy. It could be for buying over the counter medicine for something as innocuous as a headache or getting doctor prescribed drugs for a slightly more serious illness.

Have you ever wondered about the people working at these pharmacies, running around on the orders of the usually bespectacled and somber-looking pharmacists?

These professionals are called pharmacy technicians and their core job is to assist the pharmacists in a bunch of pharmacy-related tasks including helping them prepare prescription medication upon receiving patient or physician requests; interacting with customers; and performing routine administrative tasks. Sounds like something you would like to do? Then read on further to know how to become a pharmacy technician.

Pharmacy techs vs. aides

Although pharmacy tech and pharmacy aides are two separate roles within a pharmaceutical environment, some technicians may be required to perform the duties of an aide as well especially in smaller settings.

Technically, while pharmacy techs provide customer support and fulfill pharmacy-related duties, pharmacy aides are responsible for clerical tasks like answering phones, handling cash registers, stocking shelves, preparing and processing insurance forms, and maintaining patient records.

In addition to the tasks already discussed, pharmacy technicians may be required to instruct and educate patients on the use of prescription drugs and medical devices. They also verify the information on prescription for accuracy and completeness.

How to become a pharmacy tech?

Although there are no specific educational requirements for this job, increasingly, there has been a shift towards hiring trained and certified pharmacy techs. If you are keen on breaking into this field, it’s best to be armed with some kind of post-secondary vocational training.

Pharmacy technician training courses are available at career schools, hospitals and community colleges and offer a shorter, more affordable alternative to a college degree. While a college degree would take a minimum of two years, a pharmacy technician training program can be completed within a few months.

Vocational training in this field is also available online. However, if you would rather go to college for your pharmacy tech training, then some degree programs you can consider are:

• Associate of Science in Pharmacy Tech
• Associate of Science in Allied Health
• Associate of Science in Medical Specialties

As part of your training, you will be required to take courses related to pharmacology, medical and pharmaceutical terminology, pharmaceutical calculations, pharmacy law and regulations, institutional and retail pharmacy, etc.

Aspirants of this job may find it worthwhile to prepare the ground for their post-secondary training in the field by taking courses in math, health and life sciences in high school.

Certification and experience

Certification requirements may vary from state to state, but most of them do not require pharmacy techs to be certified. However, considering the competitive landscape of the current job market, certification may help your cause of finding work.

Certification may also mean higher paychecks and greater choice in terms of roles and responsibilities for pharmacy techs.

Certification examinations are conducted by organizations like the Pharmacy Technician Certification Board (PTCB) and the Institute for the Certification of Pharmacy Technicians.

Hands-on experience is an important part of pharmacy technician training. Many training programs may include internships or practicums to provide students a taste of real world situations. If these are not formally incorporated in your training program, then all you need to do is approach your friendly neighborhood pharmacists and ask for their permission to let you assist them.

How to Become a Qualified Pharmacy Technician

One of the professions you might want to consider in the health care industry is a pharmacy technician (PT). The career of PT’s these days is booming. Some of the daily duties is to assist in preparing medications and to provide customer service. They also receive pharmaceutical requests. They count the tablets before labeling the medication bottles. They may also perform clerical duties, if they are employed in a place where there are no pharmacy aides available. Basically, they work under the supervision of a pharmacist. Some owners of pharmacies tend to hire pharmacy techs to do both clerical and administrative duties, rather than employing pharmacy aides. This is one of the reasons pharmacy aide opportunities are decreasing.

Starting salary

A pharmacy tech’s duty is to measure, mix, count, label and record the dosage of prescription medications. Those who work in this field can have a starting annual salary rate of more than $19,000 with an hourly rate of over $9. Those pharmacy techs working in a federal executive branch earn the highest salary of more than $39,000 a year with an hourly mean wage of more than $19. The biggest employers for pharmacy technologists are those that belong to the health and personal care stores. In terms of geography, the highest employment level in the PT occupation is in California. The figures mentioned here came from the Bureau of Labor Statistics’ Occupational Employment and Wages, May 2010 report.

Shifts

Pharmacy techs who work during weekends or beyond business hours are paid more through the shift differential’s scheme. Companies may pay them 25 cents or more for working on Saturdays, Sundays or in the evenings.

How to become a pharmacy tech?

If you want to pursue a pharmacy technician career, you must have a high school diploma, as one of its requirements. Most states require their pharmacy technicians to register with the state board of pharmacy before they can work as a pharmacy technician in one of the pharmacy-related companies in the US. Certification for pharmacy technician is not mandatory. However, obtaining a certificate increases your chances of getting hired and earning a higher salary than those who do not have a certificate. The following are two of the private organizations that offer certification examinations for pharmacy techs:

-The Pharmacy Technician Certification Board

-The Institute for the Certification of Pharmacy Technicians

Eligibility requirements for certification examinations will include:

-High school diploma

-No felony convictions

-No pharmacy-related convictions

-The actual cost of the examinations may be reimbursed by the employer.

The job outlook for the pharmacy tech career is positive. The job growth is increasing positively. Therefore, you will expect to find plenty of job opportunities in the near future. As long as you have the right training, proper education, and substantial amount of experience, you can easily win over the competition.

The Way Internet Pharmacy Reviews Will Help Buyers Get the Best Shipping and Delivery Choices

Buying medicines from an online pharmacy is a necessity nowadays, and online generic pharmacies make it more affordable. However, customers should check which online pharmacy provides them with the right terms in terms of price and shipping cost.

With the global financial slump, people do not want to become ill today. A visit to the health care provider sometimes costs large sums of money. Getting prescription medication from the nearest pharmacy is an inconvenience, too. The option to order medicine online provides a more affordable remedy to the problem. There are also generic pharmacies on the web and they provide some of the right medications for consumers who would like to use the internet in buying drugs. Pharmacy reviews help out with picking the right online pharmacy to buy from.

The majority of online generic pharmacies have a wide range of products to choose from. You can choose from common drugs such as antibiotics, pain relief drugs, and allergy relief medications.They also have generic drugs for erectile dysfunction as well as some popular weight loss pills. However, because these are online retailers,people have to be aware that there are shipping costs charged by a number of online generic pharmacies. Obviously, that’s not always the case, as online pharmacy reviews will indicate. One generic pharmacy will not charge shipping fees, while another may charge their customers per delivery.

Polices with regards to the length of shipping and shipping price varies. As an example, some top-ranked web based generic pharmacies ship by means of registered mail and EMS. It will take about 10 to 21 business days for drugs to be shipped to customers by means of registered air mail, while EMS takes 7 to 10 business days.

EMS costs much more than registered mail, plus they only ship to a number of countries. Web based generic pharmacies will give consumers a tracking number when their purchases are shipped. Customers can now have the convenience of tracking their purchases on the web.

The duration of shipping days depends on the internet based generic pharmacy. Consumers should take a look at pharmacy reviews on the web to determine what would suit their needs. Generally speaking, a client is encouraged to submit a home address for the reason that some online pharmacies won’t process orders when delivered to post office boxes. However, it’s a good idea to check with them because some online pharmacies ship to PO boxes.

Some online pharmacies will ship 48 to 90 tablets on numerous deliveries.You can find online pharmacies that usually do not ship to what they consider as high-risk nations like Ghana, Cambodia, Haiti, and Russia. Many will even reship orders if they do not show up within a three week period and if the address provided is correct.

If an order is not delivered or is damaged during the shipping process, the online pharmacy can offer a total refund or issue a second shipment at the customer’s request. It would take 21 business days before an order is shipped. Online generic pharmacies have toll free numbers in addition to local numbers available for customers and they do not process orders on a weekend.

Shipping and refund procedures vary from pharmacy to pharmacy. It is best to check with your online generic pharmacy on their own regulations regarding shipping, delivery, and refund. Nowadays, every consumer should ensure he receives what he purchased and they should only do business with an online generic pharmacy that offers the best price and shipping cost. Pharmacy reviews can help you decide which online pharmacy offers a smooth shipment process, making sure that your purchases are shipped properly and by the due date.

Pharmacy Technician Degrees And Certification For Better Career Prospect With Lucrative Salary

You may be planning to make your career in Pharmacy field by becoming a Pharmacy Technician. But, are you aware of the various Degrees and Certification that can be availed by completing different types of training programs. But, before we continue with the technician degree and certification, let us find out, who pharmacy working personnel are and, how degrees are helpful in their pharmacy career perusal.

Pharmacy Technicians

Pharmacy professionals are these working individuals, who aid a licensed pharmacist in running his medication store, by helping him in prescription preparation, offer safe and quality customer care and services, provide medications to patients, perform administrative duties, inform them about various effects of the drugs, look after cash counter, bottle labeling, arrange and pack drugs, and perform multiple common pharmacy works.

A technician works in different types of pharmacy settings, such as drug store, retail pharmacies, chain pharmacies, hospital pharmacies, super market medication store and so on. He/she is also well versed with state and federal pharmacy law, rules and regulations, which are essential for safe and effective customer and patient services.

Degrees

Though, it is not necessary to pursue any formal academic course for working in a Pharmacy but, availing the proper education, training and certification highly brighten their job prospects and provide them opportunities to earn higher salary. The advancement in medical science and technology, and discovery of numerous new life saving drugs have also prompted Pharmacy owners to employ professionalized, knowledgeable and skillful technicians.

There are many community colleges, schools, trade schools and online training programs, which offers various degrees to a Pharmacy Technician.

Different types of Pharmacy Degrees can be summed up as follows:

Certificates
These certificates offer training programs, which train an individual for a retail or clinical environment, by providing basic and fundamental skills necessary to perform the job functions in these settings. These Certificate programs can be completed in less than a year. Only, high school diploma is pre-requisite for entering this program.

Diplomas
These diploma programs are prepared to supplement the prior accrued knowledge, with skill based education. Many students holding associate degrees in medical assisting or similar degrees and planning to enter pharmacy field, opt for this program. The duration of the course is around one year and this course also prepares a student for his/her Certification program.

Associate’s degrees
This program provides more detailed knowledge and skills as compared to certificate and diploma course. Associate degree program offers broad training on medical field, together with focused training in pharmacy practice. The student is also offered outside externship for practical hand-on job experience, which makes a student familiar with exact pharmacy working conditions and makes him ready, when he/she join any pharmacy for working.

By availing these degrees, a Technician can highly brightens his job prospects with better salaries and can also avail Pharmacy Technician Certification by passing PTCB test.

Pharmacy Technician Certification – Job Or Healthcare Career Stepping Stone?

If you are deciding whether a pharmacy technician job is right for you, then this article will help point out why you should go for it. You can either make pharm tech a career or use it as a stepping stone to get into another healthcare career. Either way, pharm tech is a good entry option for obtaining a career in healthcare.

Career, pharmacy technician is a good career option. It is relatively easy to get in to, most states require very little to become a pharm tech and the most difficult states require only two semesters of education. Healthcare is a necessary industry, it isn’t like people are about to stop using medications anytime soon. Pay is pretty good, it tops out at about $18-20/hour in most states (about $40 thousand/year). If you stay in the field, there are pharmacy technicians that get between $20 to $30/hour for specializing or taking on higher level tasks (eg, pharmacy buyer of a large inpatient hospital pharmacy). There are a lot of career options as a pharm tech. You can work in retail pharmacies all across the country, majority of hospital pharmacies employee technicians for drug distribution in the hospital. Home care, long-term care, and mail order are other types of pharmacies that employ pharm techs. Finally, you can be a pharmacy technician just about anywhere. This of course is because you can find a pharmacy just about anywhere.

Stepping stone, many healthcare positions have to know about medication. This makes being a pharmacy technician and obtaining a good knowledge about medications a great stepping stone job for most healthcare careers. Besides obtaining knowledge about medications, there are many pharm tech positions that can work weekends, evenings, and graveyards. This makes it possible to earn enough to live on while attending college full-time. Let’s look at a few of the key careers that benefit from having a pharmacy technician training first. Pharmacist, this of course is the road I took. I was a pharmacy tech for over 8 years before starting pharmacy school. I really enjoyed being a pharmacy technician and the field of pharmacy. One of my pharmacists recommended I go to pharmacy school. So I did, and in pharmacy school I found that my experience as a pharm tech gave me an advantage over those who weren’t. When we were learning medications, I already had the generic, brand, and drug class down. This meant that I could focus on learning the details of each drug versus some of my classmates who needed to study the names of the medications. Medical doctor, I know a couple of technicians that went on to medical school. The same principles apply as to pharmacy school. As a doctor, you need to know about medications and how much of a bonus would it be to already know the drugs and classes. Nurse, many pharmacy technicians go on to nursing school. Having a good working knowledge about medications as a nurse is a fundamental skill. To start off with that knowledge before even starting nursing school is great.

The best part about pharmacy technician being a stepping stone is that it makes way for new technicians to take their place. This means that pharmacy technician is a career field that always has openings. Because of this group of technicians who will eventually leave their position as they transition to a new career, we will always have a need for seasoned pharm techs to train, manage, and be the anchor for out technician work force. Being this anchor comes with the benefit if higher wages and job satisfaction. In the end, whether planned or not, pharmacy technician is a great place to start. To maximize your chances of getting a job, check out my article on 3 strategies for getting a job.

Finding Your Dream Pharmacy Is Now a Reality With Pharmacy Loans

Every pharmacist dreams of starting a pharmacy. And, lenders are giving wings to this dream. They have made financing so simple that a recent pharmacy graduate or even an associate can start his / her pharmacy without any trouble.

Why Should I Get a Pharmacy Loan?

The main objective of a pharmacy loan is to ensure growth of your business. You can use it for a number of purposes. I have listed a few of them here:

>> Buy your start-up pharmacy practice

>> Acquire another pharmacy practice

>> Expand/remodel your existing pharmacy practice

>> Purchase equipment for your pharmacy practice, including fit outs

>> Refinance your existing pharmacy practice loan

Eligibility Criteria for Pharmacy Loans

Specialist lenders/credit providers offer Pharmacy loans to:

>> Recent graduate

>> Associate, and

>> A seasoned pharmacist

Understanding your Financial Situation

Buying a new or existing pharmacy premises or even pharmacy equipment is not a simple task. You need to consider several aspects and then make a profitable decision. Here is the list of things that you should consider before applying for a pharmacy loan:

>> Business opportunities

>> Your overheads and running expenses

>> Amount and term of the pharmacy loan

>> Structure of the loan (Fixed / Variable / Combination / Interest only content)

>> Expected interest rate

>> Redraws, and

>> Early repayment provisions (i.e. Exit Strategy)

Importance of Using a Finance Broker when getting your Pharmacy Loan

Every financial decision is considered only after meticulous planning. Most pharmacists don’t have adequate finance knowledge. So, it is wise to work out your business plan with a professionally qualified and experienced finance broker. You should sit down with a finance broker and:

>> Look at your overall financial position

>> Establish a suitable Due Diligence/Business Plan, and

>> Create a Budget

A professionally qualified finance broker will advise you and provide you with financial knowledge of pharmacy businesses. The finance broker will help you in eliminating options that are beyond your budget and save your valuable time. If you employ a brokerage firm, you won’t have to run around from lender to lender trying to arrange finance. The finance broker will understand your needs and present you with a number of loan options. He/she will also help you in choosing the best loan package.

Truly, having a loan specialist will make pharmacy loans simpler for you. The finance broker will turn your pharmacy dream into a reality. So, next time, you want finance for your pharmacy business; don’t forget to employ the services of a professionally qualified finance broker.