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Depends on many factors. To list just a few: if you are not a licensed pharmacist, you will need to hire one; will you receive or pay for the pharmacist to revive training through the Pharmacy Compounding Accreditation Board (PCAB); and the cost will vary depending on where you practice, how much you advertise. At one time, PCAB use to provide a packet for interested parties. I would recommend you consult their website. There is also a fees and costs section posted on their website with a sliding annual scale based on prescription volume.
I have been in business all my life and i understand all the various factors that can contribute to start up cost of a business. My question is; putting aside a location and employees what are the average start up cost for a compounding pharmacy, Inventory and equipment and annual salary for a pharmacist?
OK lets start with inventory, how much of an investment is needed to stock a compound pharmacy??
Thank you for assisting in answering my question. I am in the process of starting a compounding pharmacy and i wanted to know the basics star up cos, please give me some points of reference.
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