NCPA Announces Finalists for 2010 Good Neighbor Pharmacy NCPA Pruitt-Schutte Student Business Plan Competition

Alexandria, VA - July 21, 2010

 

Teams of pharmacy students from three universities were named finalists in the Good Neighbor Pharmacy National Community Pharmacists Association's (NCPA) Pruitt-Schutte Student Business Plan Competition at the American Association of Colleges of Pharmacy (AACP) annual meeting in Seattle, Washington last week. The finalists are from Auburn University Harrison School of Pharmacy, Drake University College of Pharmacy and Health Sciences, and Washington State University College of Pharmacy. 

"The future of independent community pharmacy resides in the hands of pharmacy students, which is why NCPA invests considerable resources in providing these young people with the tools to be successful owners," said Joseph H. Harmison, PD, NCPA president and pharmacy owner in Arlington, TX. "The Good Neighbor Pharmacy Pruitt-Schutte Student Business Plan Competition is the crown jewel of those efforts, as teams of pharmacy students create independent community pharmacy business plans that are judged by a distinguished panel of pharmacy professionals." 

Harmison added, "I want to congratulate all of this year's participants, especially the outstanding finalists. By going through this important exercise many of these students are poised to follow in the footsteps of past participants, who went into ownership after getting a leg up on understanding the process through this experience." 

The 2010 competition drew entries from 35 schools and colleges of pharmacy—a record number of submissions in the competition's seven years of existence. The first national competition of its kind in the pharmacy profession, the contest is named to honor 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 competition to recognize outstanding students also helps to promote independent ownership of community pharmacy—a cornerstone in local neighborhoods," said R. David Yost, president and CEO of AmerisourceBergen, whose Good Neighbor Pharmacy program is the primary sponsor of the competition. "We believe it is essential for pharmacy students to have access to high quality business education, and this program helps provide that. Good Neighbor Pharmacy is proud to encourage students to explore the benefits of a career in community pharmacy through programs such as this real-world business case competition." 

Judges for this year's written competition were Brad Arthur, RPh, Black Rock Pharmacy; Michele Belcher, RPh, Grants Pass Pharmacy; Jeff Carson, RPh, Oakdell Pharmacy; Brian Caswell, RPh, Wolkar Drug; Dennis Conlin, RPh, Conlin's Pharmacy; Diana Courtney, RPh, Lake Shore Pharmacy; Timothy Davis, RPh, Beaver HealthMart Pharmacy; Cheri Garvin, RPh, Leesburg Pharmacy; Jeff Harrell, PharmD, Peninsula Pharmacies; Kenny Harrison, PharmD, Cornerstone Pharmacy; Holly Henry, RPh, NCPA past president, Rxtra Care Pharmacy; Joe Lech, RPh, Lech's Pharmacy; Dixie Leikach, RPh, Finksburg Pharmacy; Matt Mallinson, RPh, Matt's Medicine Store; Dorinda Martin, RPh, Dripping Springs Pharmacy; Bill Moore, PharmD, Henry Robert Express Pharmacy; Joe Moose, PharmD, Moose Professional Pharmacy; Bill Osborn, PharmD, Osborn Drugs, Inc.; Kristen Riddle, PharmD, US Compounding Pharmacy; Beverly Schaefer, RPh, Katterman's Sand Point Pharmacy; Dan Severson, RPh, Valley Drug and Variety; John Sutter, RPh, Marshland Pharmacy; Sue Sutter, RPh, Marshland Pharmacy; and Stacey Swartz, PharmD, Neighborhood Pharmacy of Del Ray. 

Team members and the advisor for the three finalist teams will receive complimentary registration, travel, and lodging to NCPA's 112th Annual Convention and Trade Exposition in Philadelphia, PA on Oct. 23-27, where they will compete for first, second, and third place in an exciting, live competition. After the presentations have been evaluated and scored, the following awards will be presented: 

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. 

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. The remaining teams in the top 10, in alphabetical order, include the University of Arkansas for Medical Sciences College of Pharmacy; University at Buffalo School of Pharmacy; University of Colorado School of Pharmacy; University of the Incarnate Word Feik School of Pharmacy; University of North Carolina Eshelman School of Pharmacy; University of Oklahoma College of Pharmacy; and University of Wyoming School of Pharmacy. 

The NCPA Foundation is a nonprofit 501(c)(3) organization established in 1953 to honor the previous incarnation of NCPA, the National Association of Retail Druggists Executive Secretary John W. Dargavel. Contributions to the NCPA Foundation are tax-deductible as charitable donations to the extent permitted under federal tax law. The NCPA Foundation supports the growth and advancement of independent community pharmacy through low-interest educational loans and scholarships to pharmacy students in need, critical research and programs to improve the success of independent pharmacy, community service programs, and financial assistance to community pharmacy owners for their recovery in the event of disaster, accidents, illness, or adverse circumstances. To learn more go to www.ncpafoundation.org

The National Community Pharmacists Association (NCPA®) represents America's community pharmacists, including the owners of more than 22,700 independent community pharmacies, pharmacy franchises, and chains. Together they represent an $88 billion health-care marketplace, employ over 65,000 pharmacists, and dispense over 40% of all retail prescriptions. To learn more go to www.ncpanet.org or read NCPA's blog, The Dose, at http://ncpanet.wordpress.com.

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