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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 Drug Quality and Security Act (DQSA) was signed into law on Nov. 27, 2013. The purpose of the DQSA is to address issues related to drug compounding oversight, and incorporates a national prescription drug “track and trace” system inclusive of standards for prescription drug wholesale distributors and third-party logistics (3PL) providers. It amends the Food, Drug & Cosmetic Act (FD&C Act).
Not only do baby-tracking apps make it easy to capture every aspects of baby’s life, they also make it extremely easy to share baby’s data with all caregivers. In fact, it is automatic. Once you set your first caregiver account on one of these apps, you can then invite and authorize additional caregivers.
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
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
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 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.
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
It seems like every day there is another ranting about drug prices — understandably so. They are high and they keep getting higher. Nobody seems to be able to control them.