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From The Issue: May/June 2021

Featured PSAOs

Featured Content

PharmSaver REMS-Monitoring-and-Pharmacy-Wholesalers

Challenges for Pharmacies with REMS

As REMS (risk evaluation and mitigation strategy) programs grow to include more pharmaceutical product manufactures, wholesalers, and distributors, pharmacies face increased compliance challenges. Learn what to be aware of when ordering drugs in this category.
TRHC_Precision_Pharmacotherapy_Research_Development_Institute_logo2020-300x291

Personalized Medicine: A Step Closer with Risk Scores

Adverse drug events (ADEs) have been the fourth leading cause of death over the past decade in the United States. A new study reveals the positive impact the MedWise Risk Score can have on predicting who is at risk.

Check Out Our Pharmacy Technology Buyers Guide

Click the button to jump to the Buyers Guide with vendor listings and quick reference tables to compare vendors and easily find out which offer the features and services you are looking for.

More From The Issue

ONC Sunsets Interoperability Roadmap

Both the 21st Century Cures Act final rule and the new Federal Health IT Strategic Plan will advance interoperability, enhance health IT certification, and reduce the burden and costs in the healthcare system. System providers should access and read the ONC Final Rule on the Cures Act to see what provisions might impact your company and its offerings.

The Pandemic: An Opportunity for Pharmacy?

Pharmacists have been among the heroes of the COVID-19 pandemic — first, in coming to work even as everyone else was forced to stay home, so that no one had to go without medications. Pharmacy was designated an essential business. Pharmacists are vaccinating millions of Americans. The question now becomes: Can pharmacists leverage this positive experience to expand, and more importantly, get paid for their clinical services?

Systems Security

Are you devoting the necessary attention to ensure your pharmacy management system — the foundation of operations — is secure? Here's a list of security measures that can be deployed at the pharmacy to keep technology systems and data secure.

Technology Dependency

Not enough recognition is given to the pharmacy technology infrastructure in place. There is a value that should be placed on this in the reimbursements pharmacies receive. But this has not been the case.
Bruce Kneeland

So, Now What?

While community pharmacy received deserved accolades for its role in COVID-19 mitigation and vaccination rollouts, there remain obstacles to overcome around practice parameters, reimbursement rates, and other critical issues. Getting involved with state and national associations is an important first step.

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

PSAOs: Giving Independents a Fighting Chance

Why PSAOs are a real factor in keeping pharmacies competitive.

Pharmacy services administrative organizations (PSAOs) have grown over the years to provide their members with a wide array of critical services and tools. They are doing much more these days, in an effort to combat low and negative reimbursements.

We hear from two PSAO members and dig deeper with an industry expert into some of the current headwinds in the market, such as PBM efforts to undermine these organizations in an attempt to maintain what many consider to be an unfair advantage as middlemen between plan sponsors and pharmacies.

Plus learn more about what’s offered by the PSAOs out there, with detailed listings from five major pharmacy services administrative organizations.

So, Now What?

by Bruce Kneeland

While community pharmacy received deserved accolades for its role in COVID-19 mitigation and vaccination rollouts, there remain obstacles to overcome around practice parameters, reimbursement rates, and other critical issues. Getting involved with state and national associations is an important first step.

Personalized Medicine: A Step Closer with Risk Scores

by Calvin Knowlton, B.Sc.Pharm., M.Div., Ph.D., Tabula Rasa HealthCare

Adverse drug events (ADEs) have been the fourth leading cause of death over the past decade in the United States. A new study reveals the positive impact the MedWise Risk Score can have on predicting who is at risk.

Challenges for Pharmacies with REMS

by Mike Sosnowik, R.Ph., President, PharmSaver

As REMS (risk evaluation and mitigation strategy) programs grow to include more pharmaceutical product manufactures, wholesalers, and distributors, pharmacies face increased compliance challenges. Learn what to be aware of when ordering drugs in this category.

Resilience and Innovation: RedSail Technologies’ Next-Gen Vision

Kraig McEwen, CEO of RedSail Technologies, LLC, spoke with ComputerTalk’s Maggie Lockwood about the company’s vision for the independent pharmacy.

Publisher’s Window | Technology Dependency

CAN YOU IMAGINE WHAT IT WOULD BE like running your pharmacy without the technology you are using? Technology dependency is very evident across all walks of life, and pharmacies have made a big investment in technology over years. Which leads me to the point that not enough recognition is given to the pharmacy technology infrastructure in place. There is a value that should be placed on this in the reimbursements pharmacies receive.

Technology Corner | Systems Security

Are you devoting the necessary attention to ensure your pharmacy management system — the foundation of operations — is secure? Privacy and security are the two key terms in this space. Privacy is the state of maintaining control over information and its use. Security is the ability to protect information from unauthorized access. These concepts are closely related, but we will focus on security.

Viewpoints | The Pandemic: An Opportunity for Pharmacy?

Now that multiple COVID-19 vaccines have been authorized for use, pharmacists are vaccinating millions of Americans, demonstrating pharmacy’s ability to positively impact the health of the nation. The question now becomes: Can pharmacists leverage this positive experience to expand, and more importantly, get paid for their clinical services?

Catalyst Corner | ONC Sunsets Interoperability Roadmap

The National Coordinator for Health Information Technology (ONC) recently announced the sunsetting the Interoperability Roadmap. Going forward, both the 21st Century Cures Act final rule and the new Federal Health IT Strategic Plan will advance interoperability, enhance health IT certification, and reduce the burden and costs in the healthcare system.