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Are digital pharmacies the answer?

World of DTC Marketing

Digital pharmacies seem to be springing up everywhere. It’s convenient for most but having a CVS pharmacy on almost every street corner allows patients to use drive-throughs to pick up their medications. Where does this leave digital pharmacies?

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Dispensing Pharmacy Packaging Machines: COVID-19 Impact

Pharma Mirror

The ability to repackage and bar code drugs to the unit of usage is becoming increasingly necessary in health-system pharmacies. Benefits for pharmacies that invest in a high-throughput unit dose packing machine include improved productivity and management of bar-coded medicine stock. The post Dispensing Pharmacy Packaging Machines: COVID-19 Impact appeared first on Pharma Mirror Magazine.

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NOW AVAILABLE: The 2023 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers

Drug Channels

Pharmacies and Pharmacy Benefit Managers , available for purchase and immediate download. Pharmacies and Pharmacy Benefit Managers , our 14th edition, provides a comprehensive, fact-based, and non-partisan tool for understanding the entire U.S.

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The discovery of a new and compounding cybersecurity threat to pharmacies

Pharma Phorum

Sam Crowther, founder and CEO of cybersecurity company Kasada, tells us about a recent discovery his company made that revealed tens of thousands of accounts with prescription drug attachments in major online pharmacies had been compromised.

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FIP Calls for a focus on Pharmacy Remuneration

Pharma Mirror

The Hague – “A common concern among pharmacy associations worldwide is the long-term financial viability of professional services delivered by pharmacists. The post FIP Calls for a focus on Pharmacy Remuneration appeared first on Pharma Mirror Magazine.

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Portuguese initiative wins FIP Pharmacy Practice Improvement Award

Pharma Mirror

The award to the National Association of Pharmacies (ANF), Portugal, was announced today at an online awards ceremony. The post Portuguese initiative wins FIP Pharmacy Practice Improvement Award appeared first on Pharma Mirror Magazine.

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Leading retail pharmacies in pharma

Pharmaceutical Technology

Increasing diagnosis of chronic diseases is expected to lead to fast growth in retail pharmacies. Discover the top retail pharmacies. Pharmaceutical Technology has listed some of the top pharmacies in retail based on its intel, insights, and decades-long experience in the sector.

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Available for Preorder: The 2023 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers

Drug Channels

Pharmacies and Pharmacy Benefit Managers. As always, we have updated all market and industry data with the most current information available, including our annual analyses of the market positions of the largest pharmacies, specialty pharmacies, and PBMs.

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FIP publishes Position Statement on emerging technologies and pharmacy practice

Pharma Mirror

How pharmacists and pharmacy organisations can rise to the challenge of these technologies and embrace them is set out in a new Position Statement on emerging technologies and pharmacy practice released by the International Pharmaceutical Federation (FIP) today.

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Discount Cards, Cost-Plus Pharmacies, and PBMs: Trends, Controversies, and Outlook (NEW Live Video Webinar)

Drug Channels

Fein, CEO of Drug Channels Institute (DCI) and the author of Drug Channels , invites you to join him for a new video webinar: Discount Cards, Cost-Plus Pharmacies, and PBMs: Trends, Controversies, and Outlook This event will be broadcast live on Friday, March 31, 2023, from 12:00 p.m. Adam J.

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Rising Demand for Customized Medication To Transform Compounding Pharmacies Market Outlook

Pharma Mirror

Compounding pharmacies, which involve the preparation and selling of prescribed medicines are gaining massive popularity across the healthcare sector owing to the rising awareness regarding the benefits of compounded medications.

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Leading speciality pharmacies in pharma

Pharmaceutical Technology

Speciality pharmacies play a crucial role in medication dosing, disease and side effects management, and patient care. Speciality pharmacies provide comprehensive medications for individuals with serious medical conditions requiring complex treatments, including cancer, cystic fibrosis, haemophilia, hepatitis, HIV, and others. Discover the top speciality pharmacies. Trending technologies in speciality pharmacies.

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The Top 15 U.S. Pharmacies of 2022: Market Shares and Revenues at the Biggest Companies

Drug Channels

Pharmacies and Pharmacy Benefit Managers. The largest 15 pharmacies accounted for more than 75% of total dispensing revenues from retail, mail, long-term care, and specialty pharmacies. How will GoodRx and Mark Cuban Cost Plus Drug Company affect the pharmacy industry?

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The pharmacy channel is playing a critical role in marketing

Fierce Pharma

The pharmacy channel is playing a critical role in marketing mteefey Tue, 01/31/2023 - 18:29

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Pharmacist Job Market in 2021: Retail Pharmacy Slump, Hospital Boom

Drug Channels

The retail pharmacy shakeout affected 2021 pharmacist employment. We found that retail pharmacies and drugstores employed fewer pharmacists, while hospitals and outpatient centers continued to add positions. Hospitals Industry Trends Pharmacy Pharmacy Economics

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How tech-driven hubs in specialty pharmacy can improve the patient experience

Pharma Phorum

Specialty pharmacies now have to be ready to not only meet patient demand, but also provide patients the support they need to secure reimbursement, properly administer the drug, and ensure adherence and optimal outcomes. Specialty pharmacies are no strangers to cloud-based technologies.

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Introducing AllianceRx Walgreens Pharmacy

Pharmaceutical Commerce

Specialty and home delivery pharmacy updates name, commits to prioritizing patients.

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CVS Pharmacy Downsizes: 10 Industry Trends Driving the Retail Shakeout

Drug Channels

ICYMI, CVS Health recently announced that it will close about 900 of its retail pharmacies. The pharmacy shakeout is accelerating, as smaller competitors exit and larger companies reduce store count.

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Exclusive: Five Pharmacy Chains and PBMs Dominate 2022’s Still-Booming 340B Contract Pharmacy Market

Drug Channels

Despite what you may have heard, pharmacy participation in the 340B Drug Pricing Program continues to thrive. Drug Channels Institute’s latest analysis reveals that an astonishing 32,000 pharmacy locations —more than half of the entire U.S.

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Small Pharmacies Walk Away from Medicare Part D’s 2023 Preferred Networks

Drug Channels

In yesterday’s post , I highlighted the largest pharmacy chains that will participate in the 2023 Medicare Part D prescription drug plans (PDP). However, smaller pharmacies’ near-total rejection of preferred networks shows that the more the PBMs talk, the less independents can take.

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COVID-19 lateral flow tests available from pharmacies

Druggist

A new pharmacy service was recently launched in England, which allows the public to collect free COVID-19 lateral flow tests (lateral flow devices – LFDs) from community pharmacies. Do all pharmacies participate in COVID lateral flow test?

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NOW AVAILABLE: The 2022 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers

Drug Channels

Pharmacies and Pharmacy Benefit Managers , available for purchase and immediate download. Pharmacies and Pharmacy Benefit Managers , our 13th edition, provides a comprehensive, fact-based, and non-partisan tool for understanding the entire U.S.

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U.S. Pharmacy Chains Harm Patients With Medication Errors; NABP Appears Silent

Pharmacy Checkers

When you go to your local CVS and Walgreens – and other big pharmacy chains – are you getting the highest standard of care? Have these pharmacies gone rogue? Yet the National Association of Boards of Pharmacy (NABP) doesn’t seem to be paying much attention to medication errors at U.S.

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Exclusive: Profiling Manufacturers’ Limited and Exclusive Pharmacy Networks for Specialty Drugs

Drug Channels

This Valentine's Day, what could be more romantic than a deep dive into the relationships between manufacturers of specialty drugs and the pharmacies they choose for their limited and exclusive specialty pharmacy networks.

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FTC launches probe into pharmacy benefit management sector

Pharma Phorum

Longstanding claims that one of the reasons for high drug prices in the US is the actions of pharmacy benefit management (PBM) companies – the middlemen in the supply chain – are being formally investigated by the Federal Trade Commission (FTC).

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Supermarkets Again Dash Past CVS and Walgreens in 2022’s Part D Pharmacy Networks

Drug Channels

Our exclusive analysis of these numbers finds that for 2022, an astounding 99% of seniors are enrolled in the wonderland of PDPs with preferred pharmacy networks. Pharmacies and Pharmacy Benefit Managers. Pharmacies and Pharmacy Benefit Managers.

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Supermarkets Again Dash Part CVS and Walgreens in 2022’s Part D Pharmacy Networks

Drug Channels

Our exclusive analysis of these numbers finds that for 2022, an astounding 99% of seniors are enrolled in the wonderland of PDPs with preferred pharmacy networks. Pharmacies and Pharmacy Benefit Managers.

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Top 10 Career Options for Pharmacy Graduates

Pharma Mirror

The post Top 10 Career Options for Pharmacy Graduates appeared first on Pharma Mirror Magazine. There are widespread misunderstandings about pharmacists’ job that make many prospective students give up on their dreams. But we are here to bring some light about what pharmacists do and don’t do.

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Available for Preorder: The 2022 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers

Drug Channels

Pharmacies and Pharmacy Benefit Managers. As always, we have updated all market and industry data with the most current information available, including our annual analyses of the market positions of the largest pharmacies, specialty pharmacies, and PBMs.

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UK pharmacy M&A transactions up by 26%

Pharma Times

Pharmacies saw increased customer demand during the pandemic, says UHY Hacker Young

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The Inflation Reduction Act: Three Unintended Consequences for Biosimilars, Health Plans, Providers, and Pharmacies (rerun)

Drug Channels

These include disruption to the now-booming biosimilar market, the prospects of physician/hospital vertical integration that will raise commercial healthcare costs and expand 340B, and the need for complex new processes to administer the IRA's lower pharmacy reimbursements.

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FDA clears way for retail pharmacy sale of abortion pills

Pharma Phorum

Retail pharmacies in the US will be able to dispense mifepristone-based therapies to end pregnancies after the FDA introduced changes to its regulatory framework for the products. Pharmacies will have to apply for certification to dispense mifepristone under the REMS.

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The Retail Pharmacy Outlook for 2022

Drug Channels

As I have highlighted in previous posts, retail pharmacies are experiencing a period of intense competition that continues to pressure prescription profits. What's more, the pharmacy shakeout is accelerating, as smaller competitors exit and larger companies reduce store count. .

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Pharmacy chains agree $10bn settlement in opioid litigation

Pharma Phorum

CVS Health and Walgreens have become the first two US pharmacy chains to agree a settlement worth nearly $10 billion to answer allegations they played a role in the opioid epidemic that has claimed tens of thousands of lives.

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NABP Hopes to Fill a Key Gap in DSCSA Compliance: Local Pharmacies

Pharmaceutical Commerce

The Pulse online service will provide free resources to enable pharmacy to meet drug traceability rules.

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Pharmacy group 1000Farmacie closes $15m financing round

Pharma Phorum

Italian online pharmacy group 1000Farmacie has raised €15 million In one of the largest first-round financings in the digital health category. The post Pharmacy group 1000Farmacie closes $15m financing round appeared first on.

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What is a “legitimate” drug or online pharmacy?

Pharmacy Checkers

However, use of the word “legitimate” is found in the DSCSA, and that word is often misused by opponents of drug importation and international online pharmacies – and that got me thinking. What is a legitimate online pharmacy? wholesale pharmacy $80,000.

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Toppan Subsidiary Okapi Pharmacy Launches Medicine Delivery Service

Pharma Mirror

The post Toppan Subsidiary Okapi Pharmacy Launches Medicine Delivery Service appeared first on Pharma Mirror Magazine.

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Five Things to Know About the State of Independent Pharmacy Economics

Drug Channels

Time to update Drug Channels' exclusive look at independent pharmacy owners’ business economics. Our analysis again reveals that despite what you may have heard, many independent pharmacies continue to hang on in a highly challenging retail environment.

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Mapping the Vertical Integration of Insurers, PBMs, Specialty Pharmacies, and Providers: A 2022 Update

Drug Channels

The other is my mapping of the insurer/PBM/specialty pharmacy/provider organizations that now dominate U.S. Channel Management Mergers and Acquisitions PBMs Pharmacy Specialty DrugsI conservatively estimate that I’ve created about 1,374,613 slides during my career.

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Behind the GoodRx-Express Scripts Partnership: How PBMs Profit from Discount Cards in Pharmacy Benefits

Drug Channels

The rise of discount card pricing within pharmacy benefit plans is a positive development. However, I suspect few people understand that placing discount cards within the pharmacy benefit enables a PBM to monetize a new fee stream from the card vendor.

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Verify Online Pharmacies if Going International with PharmacyChecker Alternative to NABP’s Program

Pharmacy Checkers

PharmacyChecker has proudly announced a new online pharmacy verification tool to make it easier for consumers to determine if a website is safe and accredited through the PharmacyChecker Verification Program. This verification portal can benefit patients, health care providers and caregivers considering lower-cost retail pharmacy options in Canada and other countries. Pharmacy Program” is to help consumers find “legitimate” online pharmacies, which are ones that have registered a “.pharmacy”

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The GoodRx-Kroger Blowup: Spread Pricing, Pharmacy Margins, and the Future of Discount Cards

Drug Channels

pharmacy. As the market for patient-paid prescriptions has expanded, disputes about the appropriate split of these spreads will pressure pharmacy-PBM relationships and drive change in the discount card business model. Discount Cards PBMs Pharmacy Economics