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S7 E3: The Only Pharmaceutical Franchise— With Multi-Unit Owner, Jim Kodman
Manage episode 380108083 series 3319986
Content provided by The Wolf, A Workweek Friend, The Wolf, and A Workweek Friend. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wolf, A Workweek Friend, The Wolf, and A Workweek Friend or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Join The Wolf as he sits down with Jim Kodman, a pharmacist and franchise owner of Vital Care, an acute and chronic infusion service franchise, as he reveals how Vital Care became the fastest-growing infusion franchise company in the nation, with over 60+ locations.
Jim shares his journey of becoming a franchise owner and unpacks exactly how Vital Care conquered the market in the home and specialty infusion service industry.
Jim also explains the importance of working with IV medications and the impact it has on patients' lives, later discussing his growth goals for Vital Care and the contracting opportunities that come with expanding the franchise.
Plus, tune in to find out how margins in the pharmaceutical industry vary from other sectors, and the unique qualifications anyone interested in franchising a home infusion franchise should possess.
00:01:12 - Specialized Home Infusion for Neurologic Conditions
00:05:07 - Vital Care: Treating Severe Conditions
00:08:53 - The Scale of Franchise Growth
00:12:16 - The Cost of Medication Coverage
00:17:55 - Pharmacist Diversifies with Vital Care Franchises
00:21:31 - Franchise Your Pharmacy for Success
00:23:59 - Owning a Pharmacy Without Being a Pharmacist
00:26:34 - Understanding Pharmacy Margins: A Range Analysis
00:29:28 - Expansion Goals for Vital Care
Learn More About Vital Care:
Website: https://www.vitalcare.com
Learn More About Advance Care Pharmacy:
Website: https://www.advancecarepharm.com
Follow Jim:
LinkedIn: https://www.linkedin.com/in/jim-kodman-rph-485333124/
Follow The Wolf:
Newsletter: https://workweek.com/brand/the-wolf-of-franchises/
YouTube: https://www.youtube.com/@thewolfoffranchises
Twitter: https://twitter.com/franchisewolf
Website: https://www.krokit.com
Are you a future franchise entrepreneur? Find all of the tools you need to launch, operate, and expand your franchise empire with the platform created by The Wolf himself, Krokit.com.
And if you’ve enjoyed listening to Franchise Empires, I’d be so grateful if you could drop me a 5-star review on Rate My Podcast. Thank you so much!
104 episodes
Share
Manage episode 380108083 series 3319986
Content provided by The Wolf, A Workweek Friend, The Wolf, and A Workweek Friend. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wolf, A Workweek Friend, The Wolf, and A Workweek Friend or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Join The Wolf as he sits down with Jim Kodman, a pharmacist and franchise owner of Vital Care, an acute and chronic infusion service franchise, as he reveals how Vital Care became the fastest-growing infusion franchise company in the nation, with over 60+ locations.
Jim shares his journey of becoming a franchise owner and unpacks exactly how Vital Care conquered the market in the home and specialty infusion service industry.
Jim also explains the importance of working with IV medications and the impact it has on patients' lives, later discussing his growth goals for Vital Care and the contracting opportunities that come with expanding the franchise.
Plus, tune in to find out how margins in the pharmaceutical industry vary from other sectors, and the unique qualifications anyone interested in franchising a home infusion franchise should possess.
00:01:12 - Specialized Home Infusion for Neurologic Conditions
00:05:07 - Vital Care: Treating Severe Conditions
00:08:53 - The Scale of Franchise Growth
00:12:16 - The Cost of Medication Coverage
00:17:55 - Pharmacist Diversifies with Vital Care Franchises
00:21:31 - Franchise Your Pharmacy for Success
00:23:59 - Owning a Pharmacy Without Being a Pharmacist
00:26:34 - Understanding Pharmacy Margins: A Range Analysis
00:29:28 - Expansion Goals for Vital Care
Learn More About Vital Care:
Website: https://www.vitalcare.com
Learn More About Advance Care Pharmacy:
Website: https://www.advancecarepharm.com
Follow Jim:
LinkedIn: https://www.linkedin.com/in/jim-kodman-rph-485333124/
Follow The Wolf:
Newsletter: https://workweek.com/brand/the-wolf-of-franchises/
YouTube: https://www.youtube.com/@thewolfoffranchises
Twitter: https://twitter.com/franchisewolf
Website: https://www.krokit.com
Are you a future franchise entrepreneur? Find all of the tools you need to launch, operate, and expand your franchise empire with the platform created by The Wolf himself, Krokit.com.
And if you’ve enjoyed listening to Franchise Empires, I’d be so grateful if you could drop me a 5-star review on Rate My Podcast. Thank you so much!
104 episodes
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Similar to Franchise Empires
The Village Global podcast takes you inside the world of venture capital and technology, featuring enlightening interviews with entrepreneurs, investors and tech industry leaders. Learn more at www.villageglobal.vc.
…
continue reading
Outsource Acelerator Podcast, hosted by Derek Gallimore, explores business and outsourcing mastery. Inside-knowledge from the outsourcing capital of the world - Manila, Philippines.
…
continue reading
Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
…
continue reading
Each week, Another Bite breaks down the latest and greatest pitches from Shark Tank. It's practical business advice delivered in a fun way. All the substance of an HBR article, but fun. Hosted by Jorie Munroe, Ariel Boswell, and Jon Dick.
…
continue reading
Where real startup founders pitch to real investors—for real money. Forget everything you think you know about the world of venture capital. Host Josh Muccio takes listeners behind closed-doors and into the room where deals are made. Part of the Vox Media Podcast Network.
…
continue reading
Interesting stories from today’s franchisors and entrepreneurs.
…
continue reading
Whatever you lead can only grow when you do. Experience real-life, real-time business and leadership coaching from Dave Ramsey, a successful CEO, popular radio personality, bestselling author, and now the host of The EntreLeadership Podcast. Dave takes your calls and draws on over 30 years of experience as the CEO of Ramsey Solutions to help you overcome the challenges you're facing. More at https://www.ramseysolutions.com/shows/the-entreleadership-podcast.
…
continue reading
Bloomberg Radio host Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
…
continue reading
An archive of each full weekday episode of the award-winning program presented by Bruce Whitfield.
…
continue reading
Kipp Bodnar (HubSpot’s CMO) and Kieran Flanagan (Zapier’s CMO), lead you down the rabbit hole of marketing trends, growth tactics and innovation. On the way you’ll pick up undiscovered strategies to give you that slight edge for success. These are not your typical twitter thread regurgitated marketing tactics that everyone is doing. These are new methods, with unfiltered examination of successful fresh ideas.
…
continue reading
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