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Pharmacy Building Plan

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The Apothecary Compounding Center:
Global Operations Management 7313
Term Project

EXECUTIVE SUMMARY
In an attempt to meet the patient demand for compounding services within the Memphis metropolitan population, we will establish the Apothecary Compounding Center on the campus of Baptist Memorial Hospital. Our goal is to cater to patients in this area that need individualized medication regimens and want a close relationship with their pharmacist. As we develop our business, we want to focus on maximizing the safety and efficacy of our compounded products. We will utilize the Professional Compounding Centers of America, or PCCA, in order to help accomplish this goal. This organization offers many important benefits to compounding pharmacies in all stages of their development. Our employees will be trained by PCCA, which will hone their working knowledge of USP <797>, crucial guidelines that every compounding pharmacy must follow. In addition to training, PCCA will serve as our supplier, which will ensure quality products with which to compound. Furthermore, we will have access to numerous formulas that are specific to PCCA, which will greatly benefit our operation. The number of patients needing compounded prescriptions has risen in recent years, and we aim to capitalize on this growing demand. Our patient population will largely consist of patients from the clinics of Baptist, but we hope to expand our patient base to include anyone that could benefit from our unique approach to compounding; we are willing to expand our supply of compounded products as our patient population grows and changes. Most independent pharmacies offer some compounding services, so we will face some competition. However, our reliable, quality products and in depth counseling will hopefully overcome this competition. In order to compete with other pharmacies,

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