Exceptional Care Pharmacy Long-Term Care Personal Selling 371 Emily Bunka & Rita George February 2, 2011 1 Table of Contents: Letter of Introduction………………………………………………………………….…………………………3 Our History………………………………………………………………………………………..………………….4 Mission Statement……………………………………………………………….…………………………………5 Description of Our Company and Industry…..…………………………………………………………6 Quick Fact Sheet…………………………………………………………………………………………….…….7 Competitor Profiles………………………………………….……………………………………………..……8 Market Offer Profile…………………………………………………………………..………………………….9 Features and Benefits……………………………………………………………………………………………11 Typical Prospect………………………………………………………………………………………………..…12 A. Reasons for Buying……………………………………………………………………..……12 B. Our Business Cards……………………………………………………………………..……13 Presale Plan…………………………………………………………………………………………………………14 A. Prospect Analysis……………………………………………………………………………..15 B. Social Style Matrix………………………………………………………………………..….16 C. Sales Presentation Outline…………………………………………………………………17 D. Questions to determine prospect need………………………………………….……20 E. Major appeals…………………………………………………………………………….…….20 Sales Demonstration ……………………………………………………………………………………………21 A. Sales Presentation Selling Aids……………………..………………………….….……21 B. PowerPoint Presentation…………………………………………………………..………21 C. Client Testimonials……………………………………………………………….….………22 Handling Sales Resistance…….………………………………………………………………………………23 A. Anticipated Sales Resistance…………………………………………………….……….23 B. Negotiating or Visual Support Tools………………………………………….….……24 Closing the Sale……………………………………………………………………………………………………25 A. Closing Clues……………………………………………………………………………………25 B. Closing Methods……………………………………………………………………………….25 Servicing the Sale…………………………………………………………………………………………………26 A. Additional items to suggest to customer……………………………………….…….26 B. How you will assist customer delivery……………………………………..…………26 C. Post-sale courtesy……………………………………………………………………….……26 Long Term Partnering Plan………………………..………...…………………………..………………….26 Territory Management Plan…………………………………………..………………………………………26 Glossary………………………………………………………………………………………………………………27 2 Welcome to Exceptional Care Pharmacy, Thank you for selecting Exceptional Care Pharmacy as your new place of employment. It is our hope that your employment at ECP is a rewarding experience for you, as well as our customers and co-workers. This handbook is intended to provide you with the guidance necessary to make your transition in Exceptional Care Pharmacy a smooth one. Please feel comfortable to ask any questions you may have regarding the policies outlined in this handbook or anything else related to your employment at ECP. Your department manager should be able to answer any questions you may have but know that our door is always open if the need should arise for you to speak with one of us directly. Please concentrate on our mission statement when representing ECP. The staff at ECP is what will set us apart from our competitors. Your input is always welcome in helping Exceptional Care Pharmacy continue to excel and improve in the Long-Term Care Pharmacy Industry. Sincerely, Rita George & Emily Bunka Co-Founders 3 Our History In 2009, my business partner, Rita George and I (Emily Bunka), discovered a need in the heart of Cleveland. There was a need for a dependable long-term care pharmacy to service the growing number of nursing homes and assisted living centers. We differentiate ourselves by providing top-quality service and hiring only the best staff members. We do not end our work day until our clients are fully satisfied. Every day we deliver to nursing home and assisted living centers. Customer Service is available from 8am to 9pm daily and pharmacists are on-call at all times. So contact between us and our clients is constant. We aim to exceed your expectations, and have all the resources necessary to meet patient needs. Exceptional Care Pharmacy 4 Mission Statement It is the mission of Exceptional Care Pharmacy to provide our customers with exceptional quality care and services at affordable prices. We will be recognized as a company whose corporate culture represents quality, innovation, consistency and pride in all that we do. We focus our resources on creating a cohesive team which provides the most innovative prescription cost management programs and the highest degree of quality customer service possible. We accomplish our mission through a well-trained, professional quality-conscious and highly effective staff that is responsive to business opportunities and the needs of our customers. 5 Pre-Approach Information: Company Summary: Exceptional Care Pharmacy is a non-traditional drugstore because they are a Long Term Care Pharmacy. In addition to the tasks of traditional drugstores, LTC pharmacies must maintain relations with nursing homes and assisted living centers. Majority of LTC income is generated via daily deliveries to patient homes. Like other pharmacies, ECP operates on high volume sales and low margins. At this time Exceptional Care Pharmacy is a privately held company that services over 50 homes from one central Cleveland, OH office. Industry Summary Exceptional Care Pharmacy is categorized into the Drugstore Industry. This Industry generates around $220 billion in revenue every year for the U.S. There is an enormous demand for pharmaceuticals today because of an aging society (of babyboomers). There is also lots of need because of how rapidly the US’s medications and medical procedures are advancing. Large companies have market share because of economies-of-scale, however, smaller companies offer service as value. Drugstores typically purchase meds from manufacturers, making them the immediate buyer. The ultimate buyers are the patients themselves. Technology has been contributing to advancement in drugstores, but they are run by pharmacists and licensed interns. Technology recently implementations include electronic prescriptions and electronic databases of customer records and all drug interactions. Also in drugstores and Long Term Care Pharmacies are pill-count machines and websites assisting in automatic refills. Main streams of revenue come from 3rd –party providers such as insurance providers or governmental programs. As convenience to customers, many drugstores now have drive through pick-up and drop-offs. Also value-adds used by this industry are customer loyalty cards. 6 Quick Facts Sheet on Exceptional Care Pharmacy Co-Founders: Rita George and Emily Bunka Office Location: Exceptional Care Pharmacy 122 Roberts Ave. Cleveland OH, 44101 Customer Service: Available 8am-9pm daily P-419-234-0876 E-mail-cservice@ecp.com Service Area: All of Ohio Number of Beds Serviced: 10,343 Annual Sales year 2010- $7.8 million Drug Manufacturer: Cardinal Health Delivery Schedule: Daily 7 Main Competitors Company Name: Omnicare Address: 1600 River Center II, 100 East River Center Blvd. Covington, KY 41011 President: John Figueroa 2009 Sales: $6.17B Employees: 15,200 Founded: 1981 Website: http://www.omnicare.com/ Company Name: Absolute Pharmacy, Inc. Address: 7235 Whipple Ave North Canton, OH 44720-7137 President: Jodi Hull Annual Sales: $810K Employees: 7 Founded: 2007 Website: www.abshealth.com Company Name: Remedi Senior Care Address: 8264 West State Route 41 Covington, OH, 45318 President: Michael Bronfein Employees: 500 Founded: 2001 Website: http://remedirx.com/ Company Name: PharMerica Address: 1901 Campus Place Louisville, KY 40299 President: Gregory Weishar 2009 Sales: $1.48B Employees: 6,900 Founded: 2007 Website: http://pharmerica.com/home Company Name: Cornerstone Pharmacy Address: 34099 Melinz Pkwy Eastlake, OH 44095 Employees: 70 Website: http://www.cornerstone-rx.com/ 8 Market Offer Profile Marketing Mix Service: Exceptional Care Pharmacy is a non-traditional drugstore because they are a Long Term Care Pharmacy. In addition to the tasks of traditional drugstores, LTC pharmacies must maintain relations with nursing homes and assisted living centers. Majority of LTC income is generated via daily deliveries to patient homes. Like other pharmacies, ECP operates on high volume sales and low margins. At this time Exceptional Care Pharmacy is a privately held company that services over 50 homes from one central Cleveland, OH office. Competitive Advantage: Daily Deliveries Automatic Refills Medication Cards Customer Service CRM System Monthly Audits Employees Training Price: Medi-span sets the AWP for all drugs and this is how we determine the price of our drugs. Each class of drugs requires a different formula to calculate price. Here at Exceptional Care Pharmacy, for generic drugs, we minus 30% then at a dispensing fee of $6. For brand name drugs, we subtract 10% and also add a $6 dispensing fee. Pricing will also be determined by the billing pay type. Each home will make a second meeting with us and we will then set up the unique formulary. Promotion: Sales calls Word of mouth Referrals Trade Shows 9 Awards- “Best Ohio Start-Up Business 2010” and “Ohio’s Top Best Places to Work 2010” Placement: Exceptional Care Pharmacy is located in Cleveland, Ohio. As of today, we don’t service any long term care facilities outside of a two hour radius; though we aren’t against going farther. At our site, we service almost 10,000 beds and Ohio itself has over 65,000 beds. So we have a good number, but a lot more out there to grab for market share. We do have room to grow at of Cleveland site and our plans are to expand to Columbus, Ohio. Our goal is to service the majority of beds in Ohio. 10 Features and Benefits Below is a list of features and their benefit to both initial buyers and ultimate buyers in the long-term care industry. Initial Buyer: nursing homes and assisted living Feature Reasonable costs Convenient/Customized Formulary Strong Relationship between nursing home and LTC pharmacy Dependability Flexible Service to meet needs Medication Monitoring Benefit Attracts patients to facility Wide range of medication for all aliments Familiar faces for patients and long term commitment between the two companies Reliable customer service and quick response time Anytime delivery for emergency needs Pharmacists ensure accuracy so nurses feel confident dispensing medication Ultimate Buyer: patients living in nursing home Feature Reputable Company Daily Deliveries Medication Management Patience Easy Adjustment Convenient and Affordable Benefit Patient feels safer knowing who dispenses and manufactures the medication Timely deliveries guarantee that medication is consistently dispensed Pharmacists help ensure precision so every medication is dispensed with a 99.9% accuracy rating. Experienced with long term care patients so we understand their needs. Transfer all insurance and medical records from old provider for a smooth transition Billing specialists are responsible for all billing needs and making sure each patient receives medication at an affordable price. 11 Typical Prospects for Exceptional Pharmacy: Long Term Care Facilities and Assisted Living Facilities with between 50 and 300 beds. They also need to be within a two hour radius of our Cleveland office. Management of these homes should uphold the same values of service and patient care that Exceptional Care Pharmacy hold. We at ECP are searching for mutually beneficial relationships that product a long term bond. We offer timely deliveries and around the clock customer service in exchange for a positive working environment. Reasons for Buying Abraham Maslow’s Hierarchy of Needs: 1.) Physiological Needs: Exceptional Care Pharmacy provides drugs daily. Our patients need medications to survive daily life. Many nursing home and assisted living centers report patients taking 12-14 pills daily. Whether these pills help cope with pain, or keep patients alive, they are an important part of their daily routine, almost as important as food and water. Age contributes to increased likelihood of daily medical treatment. 2.) Safety and Security: Exceptional Care Pharmacy provides security through 24/7 assistance. We offer monthly medication monitoring by MedAdvice consultant pharmacists for the safety and security of our patients. Our goal at ECP is to ensure accuracy in our deliveries. We also offer around the clock support for nursing home and assisted living patients. We know pain, injury, or even questions can happen at any time and we are prepared to help. 3.) Social Needs: Exceptional Care Pharmacy provides We value customer service, and are happy to be the friendly face around your nursing home. By becoming like family, patients will recognize our nurses and pharmacists faces. Our elderly target market does not like change; we will be the consistent treatment they need. By hiring a small business, you will get individualized attention and care. 4.) 4. Ego Needs: Exceptional Care Pharmacy provides easy pill instructions. Our medications are equipped with easy-to-read labels and pills are distributed in push packs. Patients will feel good about themselves when they can read the medications themselves. If they forget whether or not they have taken their 12 medications, they just have to look at the days on the push pack. This eliminates much confusion, and makes for a happier patient. 5.) 5. Self Actualization: Exceptional Care Pharmacy provides comfort. Medication Management is our main goal. We want your patients to feel their absolute best at all times. Business Cards Exceptional Care Pharmacy Exceptional Care Pharmacy Emily Bunka Co Partner of ECP P- 419-777-0678 emilybunka@ecp.com Rita George Co Partner of ECP P-419-777-0563 ritageorge@ecp.com 13 Presale Plan: Prospect Analysis: Exceptional Pharmaceutical Demographic Research Pulled from Source: Transgenerational Design Matters, a private educational, research, and advocacy organization. Characteristics of the Aged Population The world's older population is an extremely diverse heterogeneous group of aging adults that, apart from advanced chronological age, defies characterization. Human Aging—A Recent Phenomenon NEVER BEFORE IN HUMAN HISTORY has our planet contained so many older people— or such a large percentage of them. This has not always been the case. As late as 1930, America's older population numbered less than 7 million (only 5.4% of the population). Today, one out of every 9 Americans is "old"—another former youth turns 50 every 8 seconds. Those age 65 and older now exceed 35 million, a number poised to explode. January 2011 ushered in the first of approximately 77 million Baby Boomers, born from 1946 through 1964 and are surging toward the gates of retirement. Each year more than 3.5 million Boomers turn 55. Their swelling numbers predict that, by 2012, America's 50 and older population will reach 100 million. This dramatic growth in numbers and proportions, increased life expectancies, and energetic life styles, now enables us to live 20 to 25% of our lives in active retirement. Moreover, today's physically and intellectually active younger generations predict that tomorrow's elderly population will be better educated, healthier, culturally literate and, as individuals, more discerning consumers. The Elderly Sub-populations The dramatic changes in the number of consumers reaching 65, coupled with an increased life expectancy, have expanded the elderly sub-population classifications beyond the age of 65 to include the "young old," the "old," and the "old-old" groups. The "Young Old" 65-74. The first wave of aging Baby Boomers will reach full retirement age in 2011. For the next 20 years, 74 million Boomers will retire. This means that 10,000 new retirees will be added to the Social Security and Medicare rolls each day. The "Old" 74-84. During the next decade, increased life expectancy will strengthen the wave of aging Boomers and steadily increase their total number contained within the elderly sub-population. The "Oldest-Old" 85+. The fastest-growing segment of the total population is the oldest old—those 80 and over. Their growth rate is twice that of those 65 and over and almost 4-times that for the total population. In the United States, this group now 14 represents 10% of the older population and will more than triple from 5.7 million in 2010 to over 19 million by 2050. Elderly Boomers Will be Different Unlike their parent's generation, Boomers will be a market with very different characteristics...They exercise twice as much as previous generations. No bocce ball or badminton for them. They'll continue to bike, kike, swim, sail, and ski—play softball and basketball. No rocking chairs or vegetating in the desert sun. They'll move to places where they now bike, hike, fish, and ski—to the mountains, beaches, islands, college towns— where the physical and intellectual action is. A survey by Del Web showed that half of them expect to work at least part-time once they retire. And they'll want offices in their homes—with high-speed internet connections for those two or more computers, which 40 percent of them already own. As LeRoy Hanneman, president and CEO of Del Web says. 15 Social Style Matrix: Will assist in handling a variety of personalities during sales calls. Analytical-Persistent, Serious, Exacting, Picky, wants facts and figures Amiable-Conforming, unsure, respectful, slow decision makers, need for close relationship with sales Driver-Strong-willed, Independent, Practical, Verbal. This group is result oriented Expressive-People oriented, talkative, enjoy taking risks, move quickly through sale process What you will do and what you will say when confronted by any of these four buyers: Tips for handling Analytical Buyers: Feature this group will consider most is the ECP pricing strategy. This group wants the facts without the fluff. Doesn't waste this group’s time with informalities. Tips for handling Amiable Buyers: Feature this group will consider most is the ECP standards for relationships between ECP and nursing homes/assisted living centers. Spend more time on the initial greeting and small talk, this social group wants to trust you first then listen. Emphasize 24-hour help line and how small businesses have more individualized care. Tips for handling Driver Buyers: Feature this group will consider most is the ECP productivity. Emphasize the tools ECP uses to be productive such as paperless CRM systems and daily delivery itinerary. Also explain the emergency prescription program (in which emergency medications are stored on-site and refilled daily.) Tips for handling Expressive Buyers: Feature this group will consider most are the awards won by ECP. This group likes to be ahead of the curve when it comes to trends, they are spontaneous and fast-acting. By proving ourselves reputable they will not be able to pass us up! 16 Sales Presentation Outline I. Greeting: Handshake and Introductions a.) “I am Emily Bunka” and “I am Rita George” we are co-founders of exceptional care pharmacy. Our business began 3 years ago and has since won two awards we are very proud of. The first is the best us and coming business in Ohio and the second is that we were awarded the top 100 places to work in Ohio currently we work with Amherst Manor, Renaissance, and Villa St. Joseph. b.) Thank you for meeting us today- Repeat their names c.) Small Talk/ Compliments d.) We have heard you are unhappy with your current provider and would like to hear how we can help address your concerns. II. List agenda, use selling aid: PowerPoint Agenda a) First, We will tell you about us b) Next, We Would Like to Learn about You c) Then, Value in our Customer Service d) Followed by Pricing Information e) Product demonstration f) Questions?? g) Long Term Partnering Plan & Your next step with us III. About Us-Our Company: a) Well, we at Exceptional Care Pharmacy began because of clients with similar situations to yours. There was a void in quality customer service, which is the core value our business was built upon 3 years ago. Our branch in Cleveland services all of Ohio with daily deliveries to around 10,000 beds. Fewer patients’ means more individualized care. All of our drugs are manufactured at Cardinal Health and quality is assured by monthly audits at each nursing home and assisted living home we service. IV. About Youa) We would love to know a little bit about what it is you do, and what you would like us to do for you. b) Questions… (????) V. Company Overview: a) As promised we will start by telling you a little about who Exceptional Care Pharmacy is and what we do. Our business really started because of clients with similar concerns to yours. Rita and I felt there was a void in 17 quality customer service for long term care pharmacies. So customer service is our first priority. Our branch currently service is all of Ohio with daily medication deliveries to over 10,000 beds. Fewer patients’ means more individualized care. We make sure our presence is known by our long term facility staff and their patients. All of our drugs are manufactured by Cardinal Health, and quality is assured by monthly audits at each home and each assisted living center. We manage a small enough amount of homes to be able to offer individualized care and a lifelong business partnership. VI. Emily: Rita and I will be discussing the features and benefits our pharmacy has to offer. The topics I will be covering are Customer Service, Paperless system management, Monthly Audits and Employee Training: a) Customer Service- Our customer service reps are available daily from 8am to 9pm. Pharmacists are on call 24-hours a day. Our goal is to solve your problems as they occur, and not a week later. b) CRM System- Exceptional Care Pharmacy is a 100% paperless company when it comes to record keeping. All processes are done online which helps increase our accountability as an organization. Using the Onbase Hyland Software system, we 1-Order Entry 2-Medical Records 3 –Billing 4-Customer Service c.) Monthly Audits- all of our clients will experience monthly audits to ensure sustainability across the company. We at ECP strive for accuracy each day. a.) Employee Training- If you were to switch to our services, you would enter a transition period. We believe the first month after the switch is the most important to solidify the relationship between your facilities and ours. Exceptional Care Pharmacy offers a complimentary 3 week training course for both patients and nurses. We want you to feel comfortable with the changes made, and grow accustomed to the new system as quickly as possible. Do you have any questions before Rita discusses pricing and prescriptions? b.) c.) d.) e.) Pricing/Customized formulary Daily Deliveries Automatic refills Medication cards (demonstration) Do you have any questions about products or pricing? 18 VII. VIII. Pass out information a) Our delivery schedule, client testimonials and contact information (business cards). Closing- By this time you should be able to know which category your buyer fits. Choose and act accordingly: If amiable: Please feel free to contact us with any other questions, would you like to schedule a follow up meeting to delve further into details of this partnership? We could do it in a more informal setting, say over coffee or lunch. (Stress Relationship) If analytical: Ask if they would like to schedule a meeting with CFO to discuss pricing further (this group wants the numbers!) If driver: Make this decision an easy one to make. Feature this group will consider most is the ECP productivity. Emphasize the tools ECP uses to be productive such as paperless CRM systems and daily delivery itinerary. Also explain the emergency prescription program (in which emergency medications are stored on-site and refilled daily.) If expressive: Restate awards won from the Chamber of Commerce and restate other companies we already work alongside. This group wants to know “everyone else will be doing this; you do not want to fall behind”. Push our cutting-edge paperless style. IX. Goodbyes 19 Questions to Determine Prospect Need: Aristotle’s Appeals Applied to Exceptional Care Pharmacy Ethos- Appeal to Credibility, establish respect Working relationships with Cardinal Health and Creative Consulting Services gives Exceptional Care Pharmacy credibility in the LTC Industry. Mention working relationships with local nursing homes and assisted living centers of similar size to prospect List past experience of both founders within the industry. Pathos- Emotional persuaders by appealing to feelings When dealing with the elderly, both patience and respect are important. Our aim is for your patients to be perfectly comfortable around our employees. We never want them to feel like they cannot bring up concerns to our customer service reps. When dealing with loved ones, accuracy in medication management is important, our pharmacists re-check prescriptions and once a month there is a monthly drug regimen check. Let us do more so you can spend more time with your patients. Logos- Persuading through reasoning, appeal to logic Exceptional Care Pharmacy works with a paperless OnBase System. This improves the accountability of our record-keeping. It also ensures greater efficiency. Exceptional Care Pharmacy is the perfect size to offer individualized care with includes a customizable formulary for each nursing home and assisted living center we maintain. 20 Selling Aids: Product Demonstration Pill Push Packs (Medication Cards) The selling aids to be used for demonstration are medication packages filled with skittles candy. Each card has 31 “bubbles” where the medication is packaged. Each bubble is numbered to make it more resourceful and organized for the nurses to access the patient’s medication. These medication cards set us apart from our competitors because they are innovative and help the nursing staff to work more efficiently. Power Point Presentation Slides are another tool used during our sales demonstrations. Simple is key so that it is not a distraction. However, if used correctly it can reinforce what you are saying quite nicely. An agenda is always smart in meeting; it helps the seller remember where the presentation is going. It also allows helps the buyer follow along. As a sales person, you have to respect that buyers may not have a lot of time. Seeing an endpoint in sight may keep their mind from wandering to thoughts such as “How long is this meeting going to be!”, and “How many more topics is she going to cover!” Instead there is a clear roadmap of where the presentation starts and ends. 21 Client Testimonials “I just pick up the phone and there they are. I get the answers I need when I need them, directly from a pharmacist. That’s the best part for me. Exceptional Care Pharmacy is always there for me, from implementing my policies and procedures, to on site consultations with a pharmacist. They even provide me with med room reports and evaluations that have made a big difference in our state inspections. I don’t know what I’d do without them!” -Wanda Gunn, DON Smithville “I really didn’t have any real problems with my previous pharmacy provider. But when Exceptional Care Pharmacy first approached me I wanted to make a change because I knew Stacy Bell, EPC’s Pharmacist, would take care of all my needs.” -James Clark, CEO Normandy Manor “My life has been completely turned around. Exceptional Care Pharmacy’s system has me completely organized. I no longer have to work of my old medication cart. I never knew what I was missing until I made the change. I would strongly encourage anyone to take a look at what Exceptional Care Pharmacy has to offer.” -Rhonda Johnson, Nurse Rae Ann 22 Anticipating Sales Resistance Happy with LTC services they are already using. If they are happy with their current LTC provider, thank buyer for their time and make sure they know they can call if they are ever unhappy with their provider. It is also a good idea to say we will check back 6 months from now. Do not ever close doors, who know, they could be looking for a new LTC service down the road. Worried about how far LTC center is from homes Exceptional Care Pharmacy is a few hours from many of homes they service. However, there is not an additional charge for travel time within Ohio. Also, we strive to make sure we are within reach at all times. We have 24-hour customer service and drop shipping for an emergency second same-day delivery. Worried about high dispensing fee for LTC service When contracting with Exceptional Care Pharmacy, we offer a customized formulary for each home we service. This formulary will be discussed together and specific to you, there are no surprises when costing prescriptions because you have helped set the rates. Wants control of home, does not want to give control away to LTC provider Our response to this is that Exceptional Care Pharmacy strives to work with you, not against you. We are here to service your patients, without overstepping our boundaries. We are looking to be an asset to your home, not a nuisance. Wants 24-hour support Exceptional Care Pharmacy has a 24-hour call line in place. This is to be used anytime patients or doctors have questions. Do not ever hesitate to call, there is no such thing as a stupid question. How is quality ensured? On-staff Pharmacists double-check every prescription before it leaves our doors. From here, medications are sealed and in the hands of your facility nurses. What will you do to build relationships between LTC provider and homes? Our relationship begins with a three week training session for all patients and staff members of your facility. We want to be off to a good start, with everyone understanding their roles in our relationship. Included in training is a session in management information systems we use, and our protocol with emergency prescriptions, automatic refill program, and our 34-hour call line. 23 How will you be responsive to problems? Our Customer Service representatives have access to our paperless record system. When a patient or nurse calls, they will have all the necessary information to help. We instruct our customer service reps to do whatever it takes to solve problems the day they arise, not a week later. You used an automatic dispensing system, how can you make sure orders are accurate All orders are double-checked by Exceptional Care Pharmacists prior to delivery. Will we lose our customers that do not want to switch to Exceptional Care? You may lose customers, however most assisted living centers and nursing homes work with a long term care provider. We will help you demonstrate the benefits of our system to prospective patients. Our company hopes to be a service you are proud to offer, one that sets you above the rest. How are Exceptional Care Pharmacy’s finances? Will they be stable for the next five years? Yes. At this time Exceptional Care Pharmacy is in excellent shape financially. With limited liabilities and a consistent clientele we have few reservations. Our PowerPoint sales tool displays two awards won, both awards were granted subject to our financial status. Negotiating or Visual Support Tools Emphasize points that make our company stand out when buyer is unsure: Automatic Refills Paperless System Monthly Audits Daily Deliveries Pill Push Packs (Medication Cards) 24 Closing the Sale Closing Clues Unhappy with current service Contract expiring soon Seem interested to meet again Displaying interest by asking questions Asking for our service Closing Methods Direct Benefit Summary: Ask for a specific answer, “Would you like to use the service of Exceptional Care Pharmacy?” or “Can I come back sometime next week to go over the pricing options with you?” After going through the process and demonstrating the benefits to the customer, the salesperson shall remind the person how the product meets their needs and will satis fy their customers. Perhaps even writing them out as they go through the presentatio n will be an effective way to closing the sale. Balance Sheet Method: By comparing, side‐by‐side, two competitors, this method will provide a visual for the buyer to see which company provides more need satisfying benefits over the other. Probing Method: Used to learn about needs, hidden feelings, and problems. Uncover their problems to find out how you can meet them. Once finding out their problems, you can let them know what you can do to fix these issues. Standing Room Only: Show that the product is so popular that it won’t last long. It shows evidence of other people interested in the product or service. It shows that the buyer is behind on the trend and needs to catch up. Assumptive Close: Act if the buyer as already made a decision. This is one of the most common closes used and this depends on the sale using confidence. The Alternative Choice Close: By presenting a choice, the buyer feels more compelled to give an answer. This gives the seller more information about what the buyer wants and needs. 25 Servicing the Sale Additional Items to Suggest to Customer: At close of the first sales meeting, we give our clients our delivery schedule, current client testimonials, and contact information (business cards). We offer a three week training seminar to educate all facility staff. Emergency anytime delivery. Automatic refills on OTC drugs for easy dispensing every 30 days. How You Will Assist Customer Delivery: Once a day deliveries 99.9% accuracy and on time deliveries Emergency anytime deliveries Post-Sale Courtesy: Flowers and Thank You card for meeting with representative Monthly follow-up with customer service representative to ensure quality care Long Term Partnering Plan: To ensure that we obtain a long term partnership with our customers we will go to the facilities and hold quarterly workshops. These workshops will teach the facilities’ employees about long term care and how to work efficiently with the pharmacy. To reciprocate, specific people from the facilities will visit the pharmacy and educate our employees about procedures within their company. Territory Management Plan: All customers are located less than an hour away from our pharmacy. Each sales associate will have a specific territory of around 16 homes. They will be required to visit each facility once a month to make sure the facility is happy with our service. They will also be required to gain new clients within their territory. 26 Glossary: Average Wholesale Price (AWP) - prescription drugs term referring to the average price at which wholesalers sell drugs to physicians, pharmacies, and other customers Brand Name Drugs- are identical or within an acceptable bioequivalent range as the generic drugs counterpart with respect to pharmacokinetic and pharmacodynamic properties. Generic Drugs-are drugs which is produced and distributed without patent protection. The generic drug may still have a patent on the formulation but not on the active ingredient. Over-the-Counter Drugs-medicines that may be sold directly to a consumer without a prescription from a health care professional, as compared to prescription drugs, which may only be sold to consumers possessing a valid prescription. Long Term Care (LTC)-is a variety of services which help meet both the medical and non-medical need of people with a chronic illness or disability who cannot care for themselves for long periods of time. Assisted Living Facility (ALF)-provide supervision or assistance with activities of daily living (ADLs); coordination of services by outside health care providers; and monitoring of resident activities to help to ensure their health, safety, and well-being. Medi-span-a part of Wolters Kluwer Health is the leading provider of prescription drug information and drug interactions database solutions for thousands of health care professionals worldwide. 27