Continuing Care Retirement Communities (CCRCs) are residential communities that provide a continuum of care services to older adults. These communities typically offer independent living, assisted living, and skilled nursing care all on one campus. While CCRCs are primarily known for providing care to older adults, they also present a unique opportunity for pharmacists and entrepreneurs looking to open a pharmacy. Here are some of the advantages of opening a pharmacy in a CCRC:
A captive audience: CCRCs have a built-in customer base that needs ongoing medical care and prescription medications. This means that a pharmacy located in a CCRC has a captive audience of older adults who are likely to need ongoing prescription medication services.
Convenient access to care: A pharmacy located in a CCRC provides residents with convenient access to prescription medication services. Residents can easily fill their prescriptions without having to leave the community, saving them time and energy.
Collaboration with healthcare providers: CCRCs typically have a team of healthcare providers on staff, including physicians, nurses, and therapists. A pharmacy located in a CCRC can collaborate with these healthcare providers to provide comprehensive medication management services to residents.
Opportunities for education: A pharmacy located in a CCRC can provide medication education and counseling services to residents. This includes educating them on the proper use and storage of medications, as well as potential side effects and drug interactions.
Increased revenue potential: CCRCs are typically high-income communities, and residents have the financial means to pay for premium healthcare services. This means that a pharmacy located in a CCRC has the potential to generate significant revenue.
In conclusion, opening a pharmacy in a CCRC presents a unique opportunity for pharmacists and entrepreneurs. By providing prescription medication services to older adults living in a CCRC, a pharmacy can benefit from a captive audience, convenient access to care, collaboration with healthcare providers, opportunities for education, and increased revenue potential. As the population of older adults continues to grow, CCRCs and pharmacies will play an increasingly important role in providing comprehensive care services to this demographic.
