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Message from Mike
Dividends near $1.4 million
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This is my favorite time of the year!
For the fifth consecutive year, American Pharmacies returned 100
percent of the dividend rebates earned through purchases from our
excellent wholesale colleagues. This fiscal year ending April 30 we
returned $1,394,871.77 in dividend rebates to the stockholder of
record.
This year's dividend rebate is linked to our Preferred Tier I Vendor
Agreements with AmerisourceBergen and Morris & Dickson.
Individual stockholder dividend rebates are based on the patronage of
each individual store as a percentage of the total net sales of the
membership, less generic purchases.
New
stockholders
If you became an APRx stockholder during this period, your patronage
or net purchases were tracked from the beginning of your membership.
Our tracking for net sales for this distribution closed March 31,
2010, and future dividend rebates will be calculated from April 1
through March 31 of each year.
Calculations
with multiple Preferred Tier I Vendors
If you bought from multiple Preferred Vendors, all your net purchases
are included in the calculation to determine this distribution.
If you are a stockholder with multiple locations and need a breakout for
each pharmacy or additional information, please e-mail Paula Gray or call 877-634-5445.
The annual dividend rebate goes to the stockholder of record. Another
way APRx shares profit is the generic rebate, which goes to members,
including stockholders.
Although we passed 100 percent of rebates and dividends for many
years, your Board of Directors reserves the right to utilize these
funds if the need presents itself and that need meets the threshold
of benefiting Independent Pharmacy and American Pharmacies members.
These directors are independent pharmacy owners who are working hard
to enhance the economic viability of independent pharmacy. Their
leadership and dedication to APRx has stimulated growth, kept us on
solid financial ground, and helped protect and preserve our interests
both economically and professionally.
The Board sends its thanks to each of our Stockholders for their
continued loyalty and support.
Continued success,
Mike Gohlke
President, American Pharmacies
P.S. If any of you are weighing the benefits of joining American
Pharmacies, these dividends ought to balance their weight in gold.
Look at the column to the right to contact one of our business
development managers, Neal Head or Kaye Stroud for all the
information you need. Don't you want to share the profits next year?
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Pharmacy
ownership workshop
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Here's a
reminder about a very valuable workshop--the National Community
Pharmacists Association's Pharmacy Ownership Workshop from Aug. 20-22
at the Holiday Inn Richmond Airport Hotel in Richmond, Va.
Fortunately, there are a few spots left!
The three-day
session offers 18 hours of continuing education credits for
pharmacists seeking to purchase an existing store, open a new one, or
polish up important management skills for existing owners.
Launched in 1999, this session is part of the multifaceted, comprehensive
NCPA Ownership Academy that helps pharmacists navigate every step of
the entrepreneurial process, from buying to selling a pharmacy, as
part of NCPA's focus on increasing the number of independent
community pharmacy owners throughout the country.
"For many practicing pharmacists and pharmacy students looking
into pharmacy ownership, their unfamiliarity with the process often
prevents them from taking the plunge," said Joseph H. Harmison
PD, NCPA president and pharmacy owner in Arlington, Texas. "NCPA's
Pharmacy Ownership Workshop provides all the tools necessary to help
participants become successful independent community pharmacy
owners."
Harmison added, "Independent community pharmacy owners pride
themselves on the personal touch they provide patients in achieving
the best possible health outcomes. NCPA's Pharmacy Ownership Workshop
is our way of providing prospective owners with the personal touch
they need to get to their desired outcome."
Topics covered
in the program include:
- Developing
and Maintaining a Successful Pharmacy Practice
- Creating
a Successful Pharmacy Business Plan
- Planning
for Successful Growth
- Business
Owner Roles, Responsibilities, and Management Styles
- Comprehensive
Business Start up Checklist
- Financial
Planning for a Successful Practice
- Understanding
the Loan Approval Process
- Determining
Your Pharmacy's Financing Needs
- How
to Market Your Pharmacy Practice
- Assessing
Technology Needs for the Pharmacy
- Legal
and Accounting Advice for the Beginning Owner
- Business
Experiences of an Owner/Past Workshop Grad
A wide variety of experts will participate, including:
- Richard
Jackson, Professor and Director of Mercer's Center for Community
Pharmacy Practice and Research, who has been published in 65
journals and five books, and is the editor of NCPA'S
widely-praised, interactive Effective Pharmacy Management
CD-ROM; and
- Scott
Weaver, Director of Pharmacy, PRS (Pharmacy Relief Services)
Pharmacy Services, which helps pharmacies with every aspect of
their businesses.
- Other
experts are Jeff Baird of Brown & Fortunato, PC,
- Tim
Davis, owner of Beaver Health Mart Pharmacy;
- Chip
Mahan, CEO, Live Bank;
- Bill
Popomaronis, NCPA Vice President of LTC/HHC;
- Dan
Strause, CFO, Greenwoods Financial Group;
- Liz
Tiefenthaler, President, Pharm Fresh Media; and
- Craig
Wear, owner of Wear Drugs.
The registration cost per participant is $650 for NCPA
members. Non-member staff pharmacist rate is $825 and non-member
owner is $945. (Non-member rates include NCPA membership for one
year).
Register online or call
800-544-7447, extension 2670. Registration includes two-nights
lodging, 5 meals, tuition and continuing education processing.
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Dividends & Rebates
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If you would like to become an American
Pharmacies stockholder to receive extra $$$, contact an
APRx business development manager.
 Neal Head
ee
ee
Kaye Stroud
South Texas 512.623.9900
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Members
only
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 Expert business advice for APRx stockholders
- Medicaid
Integrity Program provider audits
- Complaints
made against you to the Texas State Board of Pharmacy
- The
independent pharmacist's duty to warn
- Auditing
loopholes in Medicare Part D
- Safeguard
your business from employee fraud
- Hiring
and firing tips
- The
pharmacist's guide to on-site audits
- Contracting
tips for independent pharmacists
APRx members, go to Contact us section
of APRx website. In the "comments" section, type in your
preferred password. Please allow 24 hours for us to confirm your
membership and enter your password.
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Your APRx board
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Vance
Oglesbee, RPh
Chairman
Robert Kinsey, RPh
Vice Chairman
Bruce Rogers, RPh
Secretary/Treasurer
Lynn Everett, RPh
Immediate Past Chairman
DIRECTORS
Ray Carvajal, RPh
Buddy de la Rosa, RPh
Alton Kanak, RPh
Michael Muecke, RPh
Dennis Song, RPh
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Your APRx staff
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Mike
Gohlke
President
mgohlke@aprx.org
Richard Beck, RPh
Vice President Government Relations
rbeck@aprx.org
Laird Leavoy
Vice President Sales & Operations
lleavoy@aprx.org
Neal Head
Business Development Manager/North
nhead@aprx.org
Kaye Stroud
Business Development Manager/South
kstroud@aprx.org
Paula Gray
Associate of Administrative Affairs
pgray@aprx.org
802 N Carancahua Street
Suite 1830
Corpus Christi, TX 78401
877.634.5445
www.aprx.org
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