Let’s face it, the economics surrounding the chain drugstore space are tough and getting tougher every day. Every penny counts. Pharmacy operators have been turning over rocks to find every opportunity to increase revenues and decrease costs: from automation and supply chain management to labor efficiencies and contract negotiations, yet these efforts have only slowed
In order to address rising drug prices, state Medicaid programs have been searching for new and creative means to better control their pharmacy benefit and mitigate the budgetary impact. This has led to an interesting trend reversal in how state Medicaid programs are structuring their management and coverage of pharmacy benefits. Since the passage of
It’s no secret that community pharmacy is facing a period of tremendous challenge. With diminishing reimbursement, the continued prevalence and negative impact of DIR (direct and indirect remuneration) fees, and market pressures born by the vertical integration of health care, there may have never been a time as challenging as the present for pharmacy. However,
Community pharmacies are a pillar of neighborhoods today. The pharmacists in these pharmacies play a critical role in delivering health care to patients in their communities, as they have many more touchpoints with patients than insurance plans or other health care providers. These interactions create an environment that is pivotal to improving patient access to
