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From The Issue: January/February 2021

Podcast

Taxes and Pharmacy Technology: Are You Using Section 179 Wisely?

It’s getting to be the time of year to think about getting your pharmacy’s finances in order for the tax year. If you have not considered it yet, section 179 may offer you an opportunity to reduce or eliminate the Federal tax liability for the year, if you’ve made or still plan to make a […]

ComputerTalk Pharmacy Technology Podcast
ComputerTalk Pharmacy Technology Podcast
Taxes and Pharmacy Technology: Are You Using Section 179 Wisely?
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In The January/February 2021 Issue

More From The Issue

We Should Be Thankful for Technology

Fortunately, pharmacies use a robust technology platform that keeps them connected with their patient population and insurers, and now steps are being taken to provide this connectivity with other healthcare providers. The technology is largely responsible for pharmacy’s recognition as a main-line health provider player.

COVID-19 Vaccines: Operational Considerations

The introduction of two vaccines in late 2020, from Pfizer and Moderna, begins the process to hopefully take control of the pandemic and enable life to return to normal. Pharmacists will play a prominent role in the administration of the vaccines. We will focus on the operational challenges likely to be encountered.

Mobile Health Apps and Tools for a New Year

Health and fitness apps, particularly those with video workouts, performed strongly in 2020. Although personal health and wellness have always been important, 2020 and the COVID-19 pandemic may have made both mental and physical wellness more important than ever. Apps can provide training and serve as tools for tracking, thereby making target health behaviors easier to do.

New Health IT Plan Focuses on the Individual

The federal government’s five-year strategic plan for health information technology (HIT) was released two months ago, continuing efforts toward creating a health system that uses information to engage individuals, lower costs, deliver high-quality healthcare, and improve individual and population health.

More From Pharmacy Experts

Five Pharmacy Pain Points – And The Technology Solutions That Can Minimize Their Impact

The list of pharmacy pain points is certainly long. But there are solutions. Resources are available to help pharmacists navigate these challenges, most notably including technology-based solutions that can automate workflows and seamlessly perform tasks that used to require chunks of staff time.
Beginning in January 2024 direct and indirect remuneration (DIR) fees will no longer be collected retroactively. Instead, they will be collected up front, and deducted from reimbursements paid to pharmacies. But during the first few months of 2024, when the new process takes effect, pharmacies face the very serious situation of what can only be seen as a “double whammy” — 2024 DIR fee assessments withheld at the same time that 2023 fees are retroactively assessed. PrimeRx can help.

DIR Fees are Changing in 2024 – Are You Ready?

Beginning in January 2024 direct and indirect remuneration (DIR) fees will no longer be collected retroactively. Instead, they will be collected up front, and deducted from reimbursements paid to pharmacies. Are you ready?
BestRx Your Pharmacy App 5 Reason Why Your Pharmacy Needs A Mobile App

5 Reasons Your Pharmacy Needs a Mobile App

As consumers continue to move towards an app-dominated lifestyle, your pharmacy will need to adapt and meet patients where they are — on their mobile devices. Here are five reasons your pharmacy needs a mobile app.
The Medical AI Podcast: Health Informatics and AI

The Medical AI Podcast: Health Informatics and AI

Episode 11 of the Medical AI Podcast, in which host Dr Felix Beacher delves into the crossroads of AI and health informatics, guided by expert guest Professor Mark Braunstein, Professor Braunstein shares his expertise in the field of health informatics.
Managed Health Care Associates, Inc. (MHA) Pharmacy Revenue Specialty Pharmacy LTC Pharmacy Infusion Pharmacy

Ways for Post-acute Pharmacies to Boost Revenue

Russ Procopio is executive vice president of the post-acute pharmacy team at Managed Health Care Associates, Inc. (MHA). In this interview with Will Lockwood, ComputerTalk’s director of editorial content, Procopio discusses ways these pharmacy segments can boost revenue.

Four Ways Technology Can Boost Your Pharmacy’s Services

The writing’s on the wall: technology is revolutionizing the way pharmacies provide services. Fortunately, as a pharmacist, you can take advantage of these advances to improve your services and increase customer satisfaction. At ComputerTalk For The Pharmacist, we always have a finger on the pulse of the pharmaceutical tech...
Increasing pharmacy revenue

3 Ways Pharmacies Can Generate Additional Revenue

Fighting shrinking margins at your pharmacy? Consider expanding to include products and services that require little to no third-party involvement. Learn how robust, user-friendly pharmacy software from BestRx can help stores efficiently manage many other revenue-generating services, beyond prescription sales. 

More From The Issue

Specialty Pharmacy: Getting The Right Tools

We explore the key features of software systems and integrations, management workflows, and the role technology plays in a specialty pharmacy business plan and accreditation.
 

Specialty pharmacy presents tremendous opportunities for community pharmacies, but is also perceived to present serious challenges.

You may know that you have a handful of patients for whom you need to dispense specialty medications; you may sense a real market opportunity to meet a broader demand for community-based specialty programs; or you may even have a vision of building up a specialty business that serves patients across the country. Each of these models has specific demands, and each one can be successfully pursued using specialty pharmacy software platforms in the market right now. Hear from two pharmacies making these models work, and from the software vendors providing the right tools for each model.

A Pharmacy System that Makes It Easy

Since graduating from pharmacy school, Chrissy Barr, owner of the Medicine Shoppe Pharmacy in North Little Rock, Ark., has used the RxMaster system and continues to be impressed by the customer service and the company’s commitment to adding new features.

Have You Met Eyad Farah? New President of Health Mart and Health Mart Atlas

Eyad Farah, a 10-year veteran of McKesson, was named president of Health Mart last October. Farah shares his optimism for the future of pharmacy and his thoughts on why it’s important that pharmacy owners adopt new practice procedures.

Patient Benefit Plans: Do They Help Independent Pharmacy?

How can the industry response to the reimbursement battle between pharmacies and pharmacy benefit managers help independent pharmacies? Explore some of the programs and their benefits and utility. The reimbursement battle between pharmacies and pharmacy benefit managers (PBMs) continues stronger than ever. There seems to be little to no control in place on the PBM power to set predatorial maximum allowable costs (MACs), and they are taking full advantage.

Independent Pharmacies: Expanding with Immunizations

Today, the services provided by community pharmacies are more vital than ever. With a trusted care provider in the area, patients can learn the truth about immunizations and access the care they need. There are many benefits to offering vaccine programs, yet some pharmacists balk at the requirements. Here are tips to get a program started.

Publisher’s Window | We Should Be Thankful for Technology

While we still face the human destruction that COVID-19 has caused, we have to be thankful for the technology that brought vaccines to market at unprecedented speed. This experience is going to have a positive impact on the development of vaccines when new viruses raise their ugly head. Can you imagine what it would have been like had this pandemic occurred 20 years ago?

Technology Corner | Mobile Health Apps and Tools for a New Year

Health and fitness apps, particularly those with video workouts, performed strongly in 2020. Although personal health and wellness have always been important, 2020 and the COVID-19 pandemic may have made both mental and physical wellness more important than ever. Health behaviors are of course key here. This includes medication adherence.

Viewpoints | COVID-19 Vaccines — Operational Considerations

The COVID-19 pandemic has brought many challenges to all areas of healthcare and the economy in general. The introduction of two vaccines in late 2020, from Pfizer and moderna, begins the process to hopefully take control of the pandemic and enable life to return to normal.

Catalyst Corner | New Health IT Plan Focuses on the Individual

The federal government’s five-year strategic plan for health information technology (HIT) was released two months ago, continuing efforts toward creating a health system that uses information to engage individuals, lower costs, deliver high-quality healthcare, and improve individual and population health.