Jim Danahy leads the day-to-day operations of AdhereRx Inc. and plays an active role in the operations of Howe Sound Pharmacy. A third generation retailer who grew up around his family’s pharmacy, Jim has led teams of pharmacists and technical experts to devise innovative medication adherence and profit improvement initiatives for independent and chain pharmacies across North and South America since 1994.
In early 2013, after nearly 20 years of research, Danahy released the first publicly available analysis demonstrating that medication adherence is a reliable marker of both patient outcomes and pharmacy profit. Mr. Danahy co-developed AdherenceTRACK the world’s first scorecard to measure continuous Rx adherence in retail pharmacies. In collaboration with Rubicon Pharmacies, Jim led a team that created Simpl™ the first retail brand of adherence services and packaging for community pharmacies. Other initiatives include: Rx-Guided Frontshop™ a process which optimizes OTC, natural health products (NHP), nutrition and home healthcare product assortments; License to Linger™ (L2L™), a lucrative front shop customer behavior model unique to freestanding drug stores. Jim and his team have extensive experience in retail inventory balancing, integration of POS with dispensary IT systems; remote dispensing technologies & automation; in-store traffic flow/display performance/ loss prevention analytics, M&A due diligence and post-merger integration.
Mr. Danahy has acted as an expert witness on retail legal matters and is frequently quoted on retail topics in US and Canadian business media. He is the founding Director of the Center of Excellence in Retail Leadership in the Schulich Executive Education Center at York University, advising senior executives at some of Canada’s largest retailers. Jim is past chair of Hope Air, Canada’s national charity which arranges air transportation to healthcare for people in financial need. He has held directorships on various industry association boards, and currently sits on advisory boards for the Retail Council of Canada and the international merchandise licensing body, LIMA. Jim holds a degree from Ryerson University.
He earned a degree in business at Wilfrid Laurier University, CPA and CA designations from the Institute of Chartered Accountants, CFP from the Financial Planning Standards Council and CIM Chartered Investment Manager designation from the Canadian Securities Institute.
Paul holds the following designations: CPA, CA, CFP, CIM.