A recent Wall Street Journal article by Heather Haddon described how “Grocers Imagine the Store of the Future.” It was an excellent article outlining how technology will improve the customer experience by customizing ads, deploying staff to cash registers based upon store traffic monitored via infrared sensors, and apps that take recipes and populate grocery shopping lists. Undoubtedly there is applicability to retail pharmacy management.
The more I read, hear, and see, the more I realize that the technology available to us can indeed have consequences we did not anticipate.
Insurance covers a loss up to a pre-agreed total amount. Automobile insurance covers up to the total value of your car. Home insurance maxes out at the total value of the home. Life insurance pays out at a pre-agreed amount. Both the insured and the insurer know at the outset what the maximum payout can be. This cannot be done with healthcare
Pharmacy has been at the forefront of the electronic exchange of information for years. This industry leadership started with the first electronic claims submission (via “dumb” terminals) decades ago and followed with the advent of electronic prescribing. These efforts have been incredibly valuable for the industry.
The mid-May announcement that Amazon plans to enter the pharmacy market was met with many divergent views. While many are convinced that Amazon will be a market disrupter that is too big and savvy to fail, one only needs to remember the Amazon Fire phone to realize that Amazon is not infallible
The financial management of healthcare is a fascinating subject that affects each of us in many ways and deeply impacts the health of our country’s economy, as well as its people.
Let us remember that there have always been healthcare providers. Often they were the smartest or most respected, or just learned from their mentors. They had little to go on because there was little knowledge. They were often helping people by just “bending” their minds.
PDMPs are becoming very important in addressing the opioid crisis we have in this country. When PDMPs were created, there was little use of the data that resided in their repositories. This has since changed. First, virtually every state requires prescribers and pharmacists to register with their PDMP. Second, many states now require prescribers to check the PDMP before writing an opioid prescription, under certain conditions.
Americans have a history of coming together in times of great need. KatrinaHealth.org was created shortly after the storm hit to provide a central point of access to evacuees’ prescription histories by authorized healthcare professionals. In less than a month, 150 organizations pulled together to create the site (including businesses in competition with each other). Today, we are still impressed by the collective effort — enabled by health information technology (HIT) — that provided critically important information to support the continuation of car
TCGRx EVP of Sales and Marketing Matt Noffsinger talks about what you should really be thinking about when you hear the term “high-volume dispensing” these days. You’ll be surprised that it’s not necessarily a huge central-fill or mail-order operation. Find out how you can bring the efficiencies that drive traditional high-volume settings right down to any dispensing volume and apply them piece by piece to meet a pharmacy’s needs and growth strategy.