Wafaa Berrady

During the past two decades, Wafaa Berrady has played a pivotal role in CARE Pharmacies’ success. The company has experienced exceptional growth, even as many of its competitors in the drug store business have downsized operations or shut their doors entirely. 

After joining the company as a financial and analytics manager in 2005, she steadily rose through the ranks, becoming chief financial officer last spring. In that time, Berrady has helped guide the cooperative — the network supports more than 200 member-owned community and specialty pharmacies across 26 states and the District of Columbia — through a period of steady growth and significant industry transformation, most notably mounting margin erosion in pharmacy. Like other drug store operators, CARE Pharmacies has had to skillfully manage its business to contend with steady downward pressure on reimbursements exerted by pharmacy benefits managers. 

As CFO, Berrady leads the team’s efforts in strategy development and risk oversight, and she has played a central part in building the financial infrastructure that supports CARE Pharmacies’ growth, operational resilience and advocacy efforts. Her leadership has helped equip CARE Pharmacies members with the tools they need to survive and thrive, and to be properly positioned for the anticipated expansion of pharmacy-related services and value-based care.

“My focus is ensuring that CARE’s growth is both stable and sustainable,” Berrady says. “Strong financial stewardship allows independent pharmacies to innovate, expand clinical services and continue delivering high-quality, community-based care. When our members succeed, the communities they serve succeed, and that is what makes my work so meaningful.”