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) 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. See a list and comparison of our sites.

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 Experiences Percent of Time
Entrepreneurship, Leadership and Management

  • Develop a pharmacy ownership business plan
  • Design and conduct quality improvement projects to improve the following pharmacy practice areas: finance, management, marketing, operations

50%

Patient Care and Pharmacy Practice

  • Provide community-based patient care services
  • Engage in professional and community activities
  • Staffing responsibilities

20%

Advancement of Community-Based Practice

  • Develop new or evaluate existing patient care or pharmacy services

2015

Teaching, Education and Dissemination of Knowledge

  • Complete a business essentials certificate
  • Attend the NCPA pharmacy ownership workshop
  • Participate in a practice transformation seminar
  • Provide practice-based teaching/precepting
  • Develop written communications

15%

 

 

Applying to our Program

  • We will begin accepting applications on November 15.
  • 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, please complete the IPOR Residency Application and direct your three references to send letters of recommendation via email to stefanie_ferreri@unc.edu by the application deadline.

About the Program

Information for Site Owners

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 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
  • Complete readiness assessment and conference calls/site visits by between May and August
  • Finalize the Verbal Agreement between the site and the UNC Eshelman School of Pharmacy by August 15
  • Share the final site and preceptor information with UNC by September 1
  • Recruit residents between October and December
  • Candidates should apply by January 1
  • Complete a candidate interview between January 15 and February 15
  • Offers will be extended in the last week of February
  • The contractual site agreement should be signed and sent to the school by April 1
  • Attend resident orientation the last week in June
  • The residency year begins on July 1

 

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