Attention Store Owners

The Community Pharmacies of Indiana (CPI) needs you!  Without your membership, we will not be able to sustain an organization that has worked very hard to fight for Independent pharmacy in Indiana.

CPI has focused its efforts on transferring store ownership, building entrepreneurship among students in the schools of pharmacy through its summer internship program, and actively working on legislation on behalf of independent pharmacy.

Each year, CPI attends the Butler University and Purdue University career fairs. During the career fair exhibits, board members distribute information about CPI and actively recruit students for the summer internship program. Several students have expressed an interest in store ownership after completing their summer internship. CPI spends approximately $18,000 each year to fund part of the student intern salaries.

CPI monitored store closings and actively worked to recruit pharmacists for independent store ownership. Our goal is to match buyers with sellers in an effort to prevent stores being closed because of store acquisition.

CPI spent over $70,000 on lobbying efforts in 2002 and 2003. In 2002, CPI also contributed $25,000 in legal fees towards the lawsuit against Medicaid to stop pharmacy reimbursement cuts. This action saved our members thousands of dollars by preventing the proposed fee cuts. Last year, CPI successfully pushed the mail-order bill, which prohibits insurance companies, health maintenance organizations and the state employees health plan from requiring covered individuals to receive prescription medications from mail order pharmacies. The House Enrolled Act (HEA) 1757 became effective July 1, 2003. This new law will ensure that patients have access to their community pharmacist. Patients are no longer required to utilize mail-order prescriptions (this does not apply to ERISA-exempt self-funded benefit plans).

Finally, CPI worked closely with the Indiana Pharmacists Alliance (IPA) to communicate its program to all members of the IPA. CPI placed a display ad in IPA’s monthly newsletter and quarterly journal. The ad in the IPA journal has resulted in responses from several pharmacists who expressed an interest in owning and operating independent pharmacies.

CPI spent $115,453 in 2002 and $132,370 in 2003 to accomplish these things. This averages to approximately $619 per store represented*.
 

CPI Membership Form

* This average is based on the current membership of 190 independent pharmacies.

  Requires Adobe Acrobat Reader.  NOTE: If you do not have a copy of Adobe Reader software, you can download it for FREE by clicking on the icon below.