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Unemployment rates in the US are at their lowest in decades. This is great news for the economy; however, it can result in complications when attempting to fill open positions in your pharmacy.read more
By now it’s no secret that independent and local pharmacies influence performance metrics for insurance plans and pharmacy benefit managers (PBMs) and, conversely, that PBMs rate their partners (those same pharmacies), using metrics that could very well affect their reimbursement.read more
Out of all the challenges thrown at independent pharmacies today, those most likely to keep you awake at night are financial – especially as you continue to take on retail giants. In fact, these challenges are so pressing, they continue to come up in legislative and analyst forums year-round.read more
How to ‘Not’ Make Your Pharmacy Obsolete – Embracing New Care Models May Help Boost Your Pharmacy’s Future Health
Some researchers say that pharmaceuticals have grown to consume up to 30 percent of each healthcare dollar. With that in mind, your community pharmacy may need to rethink traditional care models to drive improved outcomes and value – or risk becoming obsolete.read more
Basic marketing principles known as the “marketing mix” tell us that there are four controllable variables in marketing that can help determine success. The highly coveted “four P’s” include: Product, Place, Promotion, and Priceread more
It starts with ownership. Every stakeholder owns a large piece of adherence, but it frequently falls on the community pharmacy to make it happen. That said, there are ways for community pharmacies to help patients stick to therapy, the way it was prescribed. And you can do this by building adherence into your practice, starting now without costly technology and tool additions.read more
Are you a follower of Pareto’s Law? If not, it might be time to become one. Pareto’s Law, or more accurately, The Pareto Principle, tells us that 20 percent of our customers represent 80 percent of our sales. Also, that 20 percent of our efforts produces 80 percent of our results.read more
The push-pull debate between the U.S. Senate and various stakeholders in the pharmaceutical industry continues at a heated pace.read more
This bipartisan movement in the U.S. appears to be fueled by a growing trend that finds drug manufacturers burying pricing behind robust advertising campaigns and PBMs negotiating sweetheart rebate deals which rarely result in lower costs to you or your patients.read more