Ed is a principal partner with Pharmacy Management Consultants LLC, a pharmacy and health care related consultancy company. Ed’s practice specializes in identifying and ensuring best business practices, performing gap analysis in retail stores, growing pharmacies from independent stores to regional chains, and working with a wide range of other services, from technologists and chemists to distributors. When hiring new talent, Ed tells us he would often look at extracurriculars and outside interests. How a candidate spends their free time just might tip them past the competition.
Transcript
My name is Ed McKinley and I am currently a partner in a Pharmacy and Healthcare related consultancy company. We specialize in identifying best business practices, ensuring best business practices. Doing GAP analysis in stores. We work with independent pharmacies, regional chains. We work with sterile and non-sterile compounders. We work with companies that are in the pharmacy space. Healthcare companies such as technology companies. I work with distributors. We have a broad client base and our strengths in our company is our operational expertise and our regulatory backgrounds. One of my longest term clients, is someone who initially we started out with a broad scope of work and that scope of work was really how could he take his band of independent pharmacies and how could we make them look like a chain? It was about centralizing services. It was how they would position themselves in procurement and he followed all the steps that were laid out in his plan so that client having attained success, the workload went down but I'm still on a retainer with that client and I said things are constantly changing in pharmacy. A new issue has arisen so now I'm working on a specific project for him but I helped him put people in place to make his organization successful. It's very rewarding. What I do. It's also very challenging. Keeps me on my toes 'cause there's always new things that are coming in pharmacy. Regulation can not keep up with the technology. One of my challenges, I have two clients right now that have want to implement patient centered technology. There aren't regulations that address it specifically. So they're looking for pathways of how they can introduce these patient centered technologies. Part of it is helping to find solutions and being creative.
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