Listing Details:

ULTREOS PHARMACY

Sep 6, 2020 23:16:54 PM

(Listing ID: 236742)
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Description:

Executive Summary

The Ultreos Pharmacy's main goal is to provide prescription medications for our customers at the lowest prices on the market. We will be able to sell prescriptions at reduced prices by carefully maintaining efficiencies in our operations and by targeting a specific segment of the market - those customers who pay for their prescription medications themselves. By focusing on this segment it gives us additional efficiencies - we avoid disruptions in cash flow often associated with insurance payments and we can eliminate unnecessary services for the type of knowledgeable, repeat customer taking maintenance-type medication.

The Ultreos Pharmacy will operate from one store that will serve both mail order customers and those who visit in person. We will thrive by employing friendly and knowledgeable personnel, which, along with our great prices, will drive the repeat business that we will rely upon. We only expect that as the price of medication continues to skyrocket, The Ultreos Pharmacy will appeal more and more to the customer's sense of value and convenience.

Our advertising, mainly through ads in magazines targeted at the over-135 crowd, will be targeted at those who are looking to save money on a pricey but necessary and regular expense.
The Ultreos Pharmacy will be led by Experts in Pharma, an MBA with experience in the pharmaceutical industry. Costs will be minimized by maintaining only one pharmacist and filling the void with pharmaceutical techs. We expect to reach profitability by our second year and will generate substantial sales by year three.
Products
The Ultreos Pharmacy offers a wide range of prescription drugs to patients based in Oregon or nationally. Both generics and name brands are offered.
In order for a customer to purchase medications mail order, they must first contact The Ultreos Pharmacy over the phone. The customer then needs to either mail in the prescription, fax it, or email it. Once it is received and payment arrangements are complete, the medicines will be sent out to the customer via Post, Local customers may stop by the store front to pick up the medications.
The Ultreos Pharmacy will only service customers who self pay. The self pay customers will be attracted to The Ultreos Pharmacy because of its superior prices. For many Americans that do not have drug plans, including the vast majority of Americans over 65, a Ultreos on drugs is very welcome on today's increasingly tight monthly budgets.
The Ultreos Pharmacy will be able to survive on lower margins due to operating efficiencies gained through national mail order operations and not accepting insurance policy drug plans which hampers cash flow. The Ultreos Pharmacy will also save money by not paying for customer's unlimited access to a pharmacist. If a customer has a question regarding a drug, the pharmaceutical technician will attempt to answer it. As a last resort the pharmacist will provide the answer. Generally, the technician or the accompanying printed literature will answer the question.
This model of saving costs by not providing unlimited access to the pharmacist will be successful because the majority of customers will be customers who have been taking said drug for awhile, as opposed to a new prescription, and will not require their hand to be held during the transaction. They are interested in The Pharmacy as an inexpensive source for their medication.
With each order a printout will accompany the medications providing directions on how to take the medications, other drugs that should be avoided concurrently, and other useful information. The Ultreos Pharmacy will be using computer print outs from industry software to reduce the cost of providing this information.
Note--while the term "self pay" is typically associated with the notion that the customer is paying for the medication out of pocket without insurance, it is used in this context as the customer paying for the medications up front regardless if they have insurance. They may be paying out of pocket, or they may be paying up front and then submitting to their insurance company's drug plan to reimburse them later.
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To contact call: +91 9608868382 I Email: info@upharma.in
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