Clinical Pharmacist and Qualification required to be Clinical Pharmacist

Clinical Pharmacist means a person who is a registered pharmacist as defined in Pharmacy Act, 1948 and working toward providing patient care to optimize the use of medication and promote health, wellness and disease prevention.

Clinical pharmacists care for patients in all health care settings. Clinical pharmacists often collaborate with physicians and other healthcare professionals

Minimum Qualification (Either of):

Scope of Hospital Pharmacist:

  • Senior Pharmacist
  • Chief Pharmacist

Salary Structure:

Salary Based upon experience.

Related: How to start Hospital Pharmacy?

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Hospital Pharmacist and his key Responsibilities

‘Hospital Pharmacist’ mean a person who is a registered pharmacist as defined in Pharmacy Act, 1948 and who are working in a hospital pharmacy service (Public/Private sector) as a pharmacist.

Responsibilities:

  • Hospital Pharmacists are responsible for ensuring the safe, appropriate and cost-effective use of medicines.
  • Hospital pharmacists use their specialist knowledge to dispense drugs and advise patients about the medicines which have been prescribed in Registered Medical Practitioner’ prescription.
  • They work collaboratively with other health care professionals to devise the most appropriate drug treatment for patients.
  • Some pharmacists are also involved in manufacturing required drug treatments.

Minimum Qualification (Either of):

Scope of Hospital Pharmacist:

  • Senior Pharmacist
  • Chief Pharmacist

Salary Structure:

Salary Based upon experience.

Related: How to start Hospital Pharmacy?

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How can a Doctor Start Pharma Company?

Query:

I’m looking to start my own pharmaceutical marketing company and I need your expertise in clarifying few areas of concern.
1. I am a doctor by profession and I run a nursing home in my home town so if I am looking forward to start a new company can I start in my own hospital premises preferably top floor or do I need to find a new place/rented one i.e is it okay to start in hospital premises (note:I don’t have any other office space as of now)
2. Can the ownership be made in my name or do I need to nominate any other person since I am a doctor

P.S: kindly revert to me back via mail and I ask you not to disclose my query in any other forum/3rd party clients

Response:

1. There is condition for Drug License (Wholesale/Distributor/Stockist Drug License) that premises should be a separate and independent. You can start your company at Top floor (preferably first or second) and take drug license but that floor should fulfill minimum requirement for wholesale drug license.
2. You can be owner of pharmaceutical marketing company irrespective of your Doctor profession but you will need to hire a registered pharmacist for taking wholesale drug license.

We don’t disclose our any reader information to any third party or forum. We only use our reader’s query (without disclosing identity or personnel information) to post at our blog with answer so our other readers can be benefited with it.

Hope above information is helpful to you…
For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

Query related to online b2b pharma company Portal

Query:

It  was very enlightening to have read your article. I am a founder of
an online b2b pharma company that sells medicines in terms of credits to retailers from wholesalers instead of cash. After reading from your article I guess that the money spent on marketing and sales by wholesalers can be effectively reduced by using my website. Now being from a non pharma I have a very big issue in determining the profit margins of the 5 players in distribution hierarchy.
So,
1. Can you please send the price list of all medicines currently
available and their margins to each player?
2. I find very difficult to settle on a ecommerce margin that can be
collected from wholesalers. Can you please suggest a margin?
3. Should I collect different margins for different medicines or a
uniform margin for all medicines?
4. How would I know the profit margins if I were to fix different
prices for different medicines?

Thanks in advance.

Response:

Congrats for your B2B Portal for retailer and wholesaler. Before proceeding further, please conduct complete research in pharma market, so it become easy to acquire market.

Wholesale to retail transaction is already in credit, No Pharmacy and Chemist give payment in cash to wholesaler in India. Payment term is 30 to 45 days. In many cases, it crosses 45 days mark. You need to keep in mind this aspect to associate retailers and wholesalers with you.

Second aspect, wholesaler, distributor and stockist doesn’t spend at marketing. It’s company responsibility to spend at marketing and sale.

Retailers and wholesalers are key costumer only in case of generic medicines. If you also want to sell branded and ethical medicines, Retailers and wholesalers are not key costumers to decide price and margin.

  1. Margins and prices vary according to company and its marketing type, so it’s not possible to send price list of all available medicines and their margins.
  2. A wholesale charge generally 10 percent margin. A wholesaler can give your margin from this 10 percent margin. You can decide 1%, 2% or maximum of 3% that can be afford by a wholesaler against your services.
  3. You can charge differently for different type of margins according to market demand and market competition.
  4. You margin will vary according to market demand and competition. You have to fix it accordingly.

Hope above information is helpful to you…

For any query and suggestion, mail us at pharmafranchiseehelp@gmail.com

Related: Best Ayurvedic Herbal Products Online