The Business of Pharmacy Podcast™
Business
In this episode of The Business of Pharmacy Podcast, host Mike Koelzer interviews Dr. Jonathan Baktari, an entrepreneur and physician who founded several successful healthcare businesses. They discuss the mindsets and skills needed to be a successful entrepreneur, especially for those with medical and pharmacy backgrounds.
BaktariMD.com
Key Points:
[00:00:15] Introducing Dr. Jonathan Baktari and overview of discussion topics
[00:01:04] Transitioning from medicine into business and healthcare administration
[00:02:30] Getting global perspectives of healthcare by working with various stakeholders
[00:04:28] Changes in physician practice ownership over the past 20 years
[00:06:08] Entrepreneurship requiring specialized skills, not just personality traits
[00:09:01] Taking practical steps to learn about a business before launching it
[00:10:42] Challenges tech entrepreneurs face without industry experience
[00:12:36] Mitigating risks in a thoughtful, step-by-step manner
[00:15:10] Advantages of building technology alongside an existing business
[00:20:03] Creating a "blue ocean" strategy to make competitors irrelevant
[00:24:53] Personality and motivations still important for entrepreneurs
[00:27:53] Maintaining integrity and honesty as core leadership principles
[00:30:06] Clearly defining your competitive positioning and strategy
[00:34:04] Resisting temptation to expand into too many areas
[00:35:47] Dependence on early employees before redundancy is built
[00:40:09] Achieving true redundancy to enable organizational maturity
The Business of Pharmacy Podcast™ offers in-depth, candid conversations with pharmacy business leaders. Hosted by pharmacist Mike Koelzer, each episode covers new topics relevant to pharmacists and pharmacy owners. Listen to a new episode every Monday morning.
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Building Trust and Credibility Among Pharmacy Colleagues | Ned Milenkovich, PharmD, Atty, Much Law
Pharmacy Identity Shift | Blair Thielemier, PharmD, Pharmapreneur Academy
Lawfully Addicted: Chain Pharmacy's Role in Our Opioid Epidemic | Ray Carlson, R.Ph., Author
The Complex Relationship Between PBMs, Pharmacies, and Plan Sponsors | Joey Dizenhouse, HealthTrust
Gaining Traction in the Retail Market | Leeanna Gantt, tooktake Inventor
The Future of Pharmacy Pricing | Kyle McCormick, PharmD, Blueberry Pharmacy
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The Power of AI in Healthcare | Navid Alipour, AI Med Global (CureMatch/CureMetrix)
The Impact of AI on Pharmacists | Tim Ulbrich, PharmD, Your Financial Pharmacist
The Dual Pharmacy Model | Nate Hux, Pharmacist, Freedom Pharmacy and Pikerington Pharmacy
Navigating Difficult Conversations with Pharmacy Staff | Patrick Lott, SHRM-CP
Assertiveness for Business Relationships | Tyson Clarke, MotherofSkill.com
Marketing Challenges for Pharmacies | Nicolle McClure, GRX Marketing
Trauma and its Effect on Pharmacists | Helen Sairany, PharmD, MBA
The FTC Awakens in the Fight for Pharmacy Competition | Doug Hoey, NCPA
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The Use of Technology in Marketing | Gareth Shaw, Doceree
Comfortable in the Uncomfortable | Jena Quinn, PharmD, BCPPS, Perfecting Peds
Startup Lessons Learned | Kristin Tallent, PharmD, Collaborative Therapeutics
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