This PGY1 independent pharmacy ownership residency program will prepare graduates to be entrepreneurs and pharmacy owners in an evolving healthcare market. It will help them obtain the skills, confidence and experience to create viable business models for community pharmacy in the future.

About the Program

 

How long is the residency?

Our residencies last twelve months (from July through June of the following year) and consist of at least 2,000 hours of education and training experience. The orientation for our program begins in June.

What kind of setting will I work in?

You will work in an independently owned pharmacy. The business model will vary from site-to-site, but all sites have models that include traditional medication dispensing and innovative community pharmacy patient care services.

Who will I work with?

There are multiple preceptors at each residency site.  A site coordinator, who will be your primary contact, oversees your training and works with other preceptors to ensure that you receive the required learning experiences. More information is available on our locations/preceptors page.

What will I do in the residency?

As a fully integrated member of the team at the residency site, you will:

  • Learn first-hand what works and what areas could be improved upon in a community pharmacy, and influence positive change at your practice site,
  • Partner with experienced practitioners to initiate new programs and expand and enhance existing services,
  • Provide fresh perspectives and insights for the site staff,
  • Travel to professional meetings and conferences at the state, regional and national level to engage with the profession and enhance learning experiences.

Although activities may vary from site to site, all residents will have opportunities to complete the following learning experiences and outcomes:

Learning Type Learning Experiences Learning Outcomes
Foundational

Pharmacy Practice

Finance

Marketing

Operations

Management

Experiential
  • Staffing Responsibilities
  • Patient Care Services
  • Quality Improvement Projects
  • New Service Implementation and Evaluation
  • Pharmacy Ownership Business Plan
  • Elective Experiences

 

Applying to our Program

  • The deadline for applications is January 1, but applications will be accepted and reviewed beginning December 1. We will coordinate interviews on a rolling basis in December, January and February based on when completed applications are received.
To apply for the Independent Pharmacy Ownership Residency, submit the following materials via email to stefanie_ferreri@unc.edu by the application deadline:

About the Program

Why should I participate?

Individual Pharmacies:

The benefits of bringing a resident into your pharmacy team are numerous, and go beyond the professional fulfillment that comes from being a residency preceptor and mentor. Community pharmacies with a history of residency training have seen their residents become essential to their operations. At a cost comparable to bringing on a part-time staffing pharmacist, a resident can help bring new perspectives and energy to your pharmacy team. Since their time is intended to be more flexible than a traditional staff pharmacist positions, they are available to work on new initiatives that may not fit into the capacity of a pharmacy’s current team. Through business quality improvement projects and implementation of a new or re-designed pharmacy services, the financial and professional impact of residents will be felt long beyond the 12 month experience.

Pharmacy Organizations:

The ultimate goal for this residency program is to train the next generation of independent pharmacy owners. By supporting pharmacies within your organization that are interested in participating as a residency site, your organization will build relationships with these residents as they are pursuing job opportunities. In maintaining relationships with young pharmacists who wish to become pharmacy owners, your organization can establish a pipeline for ownership transitions and expansions within your footprint.

Who will I work with?

UNC will assist with recruitment and evaluation of residency candidates, but it will ultimately up to the residency site to decide what candidate will join the team. The majority of recruitment efforts are targeted at pharmacy students approaching graduation who wish to enter into a career of pharmacy ownership.

What will the resident do?

The resident will spend the majority of their time working at the primary residency site. Throughout the course of their residency year they will:

  • Learn first-hand what works and what areas could be improved upon in a community pharmacy, and influence positive change at your practice site,
  • Partner with experienced practitioners to initiate new programs and expand and enhance existing services,
  • Provide fresh perspectives and insights for the site staff,
  • Travel to professional meetings and conferences at the state, regional and national level to engage with the profession and enhance learning experiences,
  • Complete foundational and experiential activities designed around five key learning experiences:
  1. Pharmacy Practice
  2. Operations
  3. Marketing
  4. Management
  5. Finance

Becoming a Residency Site

How Do I Get Involved?

To become an IPOR site, you will need to complete the following basic steps. For more information about each step, please see below:

  • Complete our information request form
  • Complete the readiness assessment form
  • Participate in a conference call and/or site visit with residency program staff
  • Complete all site and preceptor information for recruitment purposes
  • Participate in the recruitment and candidate evaluation process

Onboarding Timeline

Date Event
May-August

Completion of readiness assessment and conference calls/site visits

August 15

Verbal Agreement between site and UNC Eshelman School of Pharmacy

September 1 Final site and preceptor information shared with UNC
October-December

Recruitment of residents

  • October: NCPA Annual Convention
  • December: ASHP Midyear Clinical Meeting
January 1 Application Deadline for Candidates
January 15 – February 15 Candidate Interviews
Last week in February Offers Extended
April 1 Contractual site agreement signed & sent to school
Last week in June Residency Orientation
July 1 Residency Year Begins

Accreditation Disclaimer:

Please note that this program is not an ASHP/APhA accredited community pharmacy residency program.

  • In place of a current accrediting body, UNC will serve to ensure quality learning experiences throughout the residency process. As our program expands, we are considering additional support to ensure quality of experiences.
  • Given that we are not accredited, we do not participate in PhORCAS or the residency match.
  • At this time there is no fee to apply to our program.

Contact

If you have other questions, please contact one of our residency program co-directors:

bppatric_jun15-directory

Patrick Brown, Pharm.D.

Co-Director
Primary Contact for
North Carolina Sites
patrick_brown@unc.edu

ferreri_jun15-directoryStefanie Ferreri, Pharm.D.

Co-Director
Primary Contact for
National Sites
stefanie_ferreri@unc.edu