RSS Feature Stories

Feature Story [January/February 2018] Pharmacy Ownership Transition: A Primer

One of the key issues facing independent community pharmacy is ownership transition. With more than 35% of current pharmacy owners age 55 or older, it seems likely that many independent pharmacies will be sold in the next few years.

[November/December 2017] Pharmacy Rescue

What can you learn about how you should manage your pharmacy from observing where others are having success? My answer is that you should learn how to manage it as if you are going to sell your business tomorrow. The implication is that you want to sell your business for the best price you can get. You get the best price if you have created the most value. You should be working every day to create the most value that you possibly can.

[November/December 2017] Road Trip Reveals Secrets of Successful Pharmacies in Alaska

Bruce Kneeland took to the road and visited pharmacies in Alaska of all types of ownership, size, and markets served. He found they share four business strategies that have made them successful.

[September/October 2017] Smart Buying on Short-Date Inventory Benefits Bottom Line

Software vendors have combined their areas of expertise to launch an SaaS-based tool that can save any size pharmacy money in inventory purchasing.

[September/October 2017] Fitting into the Continuum of Care

The plan for growth at Absolute Pharmacy includes increased prescription fill speed and multidose cards, thanks to Synergy Medical automation. Stringent regulations, competitive demands from facilities, and the push to a home-based model all stem from the overall goal to reduce the hospital readmission rate.

[July/August 2017] Not Your Father’s Toolbox: New Ready-to-Run Artificial Intelligence Business Tools

Next-generation artificial intelligence wonders tap into the technology’s ability to do a lot of the thinking and strategizing for you. Of course, it’s always your call if you want to trust an entity whose heart literally beats with all the warmth of an Intel or similar multiprocessor. But if you’re curious about what the future of what business software will look like for pharmacists, here’s a sampling of what’s coming down the pike.

[July/August 2017] The Patient Safety Act — Always One Day Closer to a Fatality?

To help improve patient safety and reduce misfills, everyone in the pharmacy must be involved in quality control; helping to identify missteps and errors, and being aware of sound-alike/look-alike drug fills, are ways to ensure you are taking proactive measures. The Patient Safety and Quality Improvement Act (Patient Safety Act) requires that a continuous quality improvement (CQI) program be implemented. A CQI program is designed for detecting, documenting, analyzing, and preventing quality-related events (QREs), with the intent of preventing medication errors.

[May/June 2017] A Model for Success

National Community Pharmacists Association Independent Pharmacist of the Year Randy P. McDonough, R.Ph., Pharm.D., and partner Mike Deninger, Ph.D., have a rallying cry to explain the paradigm shift they are making at their two pharmacies in Iowa: ”Free up the pharmacist.” Find out what they are doing to implement a successful clinical practice model.

[May/June 2017] PSAOs: Giving Independents the Power to Compete

Pharmacy services administrative organizations, or PSAOs, play a central role for today’s independent and small chain pharmacies. Find out how these organizations have evolved and what you should expect from a modern PSAO.

[January/February 2017] How a Performance-Driven Workflow Pays Off

When pharmacy owner Jason Turner, R.Ph., learned how pharmacies benefit from meeting star rating goals, something clicked. If measuring the quality of outcomes is the direction healthcare was going, then his pharmacy needed a workflow that supported high marks in those areas. At his two pharmacies, he has developed a performance-driven workflow that gives the pharmacy control over its dispensing schedule by bringing patients into a synchronization program.

GSL Intellicab