Continuing care retirement communities, or CCRCs, are a popular type of senior living community that provides a range of care services and amenities to residents. These communities typically offer independent living, assisted living, and skilled nursing care, all in one location. One area where CCRCs can benefit from expanding their services is by opening a pharmacy on-site. Here are some advantages and benefits of doing so:
Convenience for Residents: By having a pharmacy on-site, CCRC residents can easily access medications and related services without having to leave the community. This is especially beneficial for residents who have mobility issues or rely on caregivers for transportation.
Better Medication Management: With an on-site pharmacy, CCRC staff can work more closely with pharmacists to ensure that residents are receiving the right medications, at the right time, and in the right dose. This can help to reduce medication errors and improve overall medication management.
Increased Revenue: By opening a pharmacy on-site, CCRCs can generate additional revenue streams. This can help to offset operating costs and improve the financial viability of the community over the long-term.
Competitive Advantage: CCRCs that offer on-site pharmacy services can gain a competitive advantage over other senior living communities in the area. This can be especially attractive to prospective residents and their families who are looking for a community that offers a wide range of services and amenities.
Enhanced Quality of Care: With an on-site pharmacy, CCRCs can provide a more holistic approach to care that integrates medication management and related services with other care services, such as therapy, rehabilitation, and skilled nursing care. This can help to improve the overall quality of care provided to residents.
In conclusion, opening a pharmacy on-site can provide numerous benefits and advantages to CCRCs. From improved medication management and convenience for residents to increased revenue and a competitive advantage, CCRCs that offer pharmacy services can provide a more comprehensive and integrated approach to care. By exploring this option, CCRCs can improve their overall quality of care and enhance their position in the senior living marketplace.
