Community pharmacies that are independently owned local pharmacies are known as?

Independent pharmacies are characterized by their ownership structure, where the establishment is typically owned by a single pharmacist or a group of pharmacists rather than a large corporation or chain. These pharmacies often serve their local communities by providing personalized services, such as medication counseling, health screenings, and specialized compounding, which emphasizes a more individualized approach to patient care.

The distinction between independent pharmacies and other types of pharmacies, such as chain or corporate pharmacies, lies in their operational model. Chain pharmacies are part of a larger corporate structure with multiple locations, while corporate pharmacies refer to those operated by major pharmaceutical corporations with a standardized business model across various sites. Franchise pharmacies operate under a franchisor model, which entails adherence to certain business practices and branding from a larger entity.

Overall, independent pharmacies play a crucial role in the healthcare system by fostering community relationships and tailoring services to meet the specific needs of their customers.