PBMs on Notice: NYCBS Victory Signals Major Changes Ahead
New York Cancer and Blood Specialists' $22M win against Caremark challenges PBM DIR fees, sparking potential legal and regulatory shifts. While a major victory for pharmacies, eliminating DIR fees could raise Medicare Part D premiums. Legislative and regulatory changes may reshape PBM practices and impact both pharmacies and beneficiaries.
The Final Stretch: Is Your Pharmacy Ready for DSCSA Compliance?
As the November 27, 2024, deadline for full DSCSA compliance looms, the pharmacy industry finds itself in a critical phase of preparation. The recent NACDS Total Store Expo (TSE) in Boston revealed that many pharmacies are facing significant challenges, with the clock ticking down rapidly.
Here’s How We Get Private Insurers to Buy In on Value-Based Care
Value-based care is seen as healthcare’s next evolution, prioritizing whole-health outcomes over the usual volume of symptom treatments. This approach has profound implications for cost management, patient satisfaction, and overall healthcare quality. However, transitioning from traditional fee-for-service models to value-based care faces challenges, particularly regarding payer motivation and long-term investment. The growing attention around “food as medicine” is part of this, and pharmacists have an opportunity to contribute.
Pharmacies Can Help Fix the Misuse of Opioid Abatement Funds
A recent study from Johns Hopkins University reveals a sobering statistic: about one in three Americans have lost someone to a drug overdose. This alarming figure underscores the severity of the opioid crisis gripping the nation..
Make maximum use of pharmacies to drive loyalty
The drivers of connection with shoppers are the products you offer, the convenience you provide and the value you deliver.
Revolutionizing Pharmacy Operations: Why Camera Imaging Outshines RFID in Tray Replenishment
In the fast-paced world of pharmacy operations, tray replenishment is vital for maintaining efficiency and accuracy. Two technologies often discussed are camera imaging and RFID, but camera imaging proves to be the superior choice for several reasons.Inmar Post-Purchase Solutions Teams Up with FedEx Office to Expand its National Network of Package-Free Return Drop-Off Locations
Inmar adds nearly 2,000 FedEx Office locations to the network and enables a frictionless return experience for consumers, retailers and brands.
Congress vs. PBMs: Thank You, Representative Comer, For Telling It Like It Is
Because of the efforts of NACDS RxIMPACT I was able to watch the July 23 Congressional Hearing on the Role of Pharmacy Benefit Managers in Prescription Drug Markets. What I took away was informative and encouraging on three fronts; the first, our country is engaging on the need to improve the way healthcare operates. Second, acknowledgement that we need to focus on improving health, not treating sickness in the United States. And third, it gave me hope that needed legislative action may be coming.