Retail Pharmacy Management Services, Inc. (RPMS) is a company totally dedicated and committed to the improvement and continued success of independent pharmacy owners. RPMS was founded in April 1987 to provide solutions to independent pharmacy owners in need of total headquarter support services. Today’s market conditions are more demanding than ever on the independent pharmacist and require immediate attention.

RPMS' business is identifying inadequacies and implementing solutions to improve the financial conditions of independent pharmacy owners. The most significant problem pharmacy owners face is declining profit margins.With the detrimental effects brought on by Medicare Part D and upcoming changes with Medicaid, as well as other competitive forces, expectations are that profit margins will continue to decline.

During the past 20 years in working with independent pharmacy owners, we have learned pharmacists are not utilizing their pharmacy computer system pricing and billing capabilities to their fullest extent. This fact is causing great harm and not allowing the independent owner to achieve financial benchmarks necessary to survive in today’s marketplace. The result is an average of $15,000.00 per month being left on the table in what should be bottom line profits if certain management disciplines were in place. Many pharmacists are not even aware these circumstances exist. These owners can not afford any more reductions to their margins and will be forced to make some tough decisions on how to move forward. 

The options independent pharmacy owners are faced with today include closing the business, selling the store, going to work for the chains, or implementing changes that offset eroding margins.  If implementing change is the chosen option, then the owner must have the experience and tools for change or outsource the responsibility to a company that can. RPMS is this company.

Over the past 20 years, RPMS has developed and implemented profit solutions for independent pharmacists across the country that has led to the prosperity they enjoy today. RPMS’ prescription pricing strategies improve profit margins while remaining competitive in the marketplace.  Prescription pricing strategies implementation and performance management are the cornerstones of RPMS. RPMS' clients consistently outperform the marketplace and have the advantage of profit solutions needed to achieve healthier profit margins while staying ahead of market trends.

Based on our success, we are confident we can be of great benefit to any independent pharmacy operation.