Alexandria, Va. July 17, 2013 - The National Community Pharmacists Association (NCPA) announced today that three teams of pharmacy students have been named finalists in the 2013 Good Neighbor Pharmacy NCPA Pruitt-Schutte Student Business Plan Competition. Student pharmacy teams from the University of Arkansas for Medical Sciences College of Pharmacy, the University of Oklahoma College of Pharmacy, and the University of the Pacific Thomas J. Long School of Pharmacy will present their business plans in a live competition at NCPA's Annual Convention this October. This year's competition drew submissions from 39 schools and colleges of pharmacy.
"Every year, we are impressed by the quality and caliber of the student business plans, and this year is no different," said NCPA President Donnie Calhoun, RPh, a pharmacy owner in Anniston, Ala. "All of the students are to be commended on their hard work and efforts to put together a comprehensive business plan, and we look forward to seeing the top three finalists showcase their plans for independent pharmacy ownership in a live competition at our Annual Convention in October."
Team members and the advisor for the three finalist teams will receive complimentary registration, travel, and lodging to NCPA's 115th Annual Convention and Trade Exposition in Orlando, Fla., October 12-16, where they will compete for first, second, and third place in an exciting, live competition. The winners will receive the following awards:
First Place: $3,000 to the NCPA student chapter and $3,000 contributed to the school in the dean's name to promote independent pharmacy.
Second Place: $2,000 to the NCPA student chapter and $2,000 contributed to the school in the dean's name to promote independent pharmacy.
Third Place: $1,000 to the NCPA student chapter and $1,000 contributed to the school in the dean's name to promote independent pharmacy.
The Business Plan Competition is the first national competition of its kind in the pharmacy profession and honors two great champions of independent community pharmacy, the late Neil Pruitt Sr. and the late H. Joseph Schutte. The goal of the competition is to motivate pharmacy students to create a business model for buying an existing independent community pharmacy or developing a new pharmacy. Through this competition, NCPA is better able to prepare tomorrow's pharmacy entrepreneurs for a successful future. The competition is supported by Good Neighbor Pharmacy, Pharmacists Mutual Companies, and the NCPA Foundation.
The remaining finalists in the top ten are: the University of Buffalo School of Pharmacy and Pharmaceutical Sciences; the University of Colorado Skaggs School of Pharmacy and Pharmaceutical Sciences; the University of Kentucky College of Pharmacy; the University of Minnesota College of Pharmacy; the University of Oklahoma at Tulsa College of Pharmacy; the University of Rhode Island College of Pharmacy; and Washington State University College of Pharmacy. The submissions were judged by a panel of 30 NCPA members.
All participating schools receive a plaque commemorating their participation in the competition. Each year, competing schools receive an engraved plate to add to their plaque, and teams placing in the top 10 receive a special plate acknowledging this distinction. For more information about the Business Plan Competition, please visit NCPA's website.
The National Community Pharmacists Association (NCPA®) represents the interests of America's community pharmacists, including the owners of more than 23,000 independent community pharmacies. Together they represent an $88.5 billion health care marketplace, dispense nearly 40% of all retail prescriptions, and employ more than 300,000 individuals, including over 62,000 pharmacists. To learn more go to www.ncpanet.org or read NCPA's blog, The Dose, at http://ncpanet.wordpress.com/.
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