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.

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 Forecast 2022 anticipates lasting impact from pandemic-related changes to health-system pharmacy

Scienmag

3, 2021) — Health-system pharmacists responded to COVID-19 disruptions to healthcare by expanding their role in patient care, and these pandemic-related changes will impact the profession in years ahead, according to the 2022 ASHP/ASHP Foundation Pharmacy Forecast Report, released today at the American Society of Health-System Pharmacists (ASHP) Midyear Clinical Meeting & […]. Latest News anticipates forecast healthsystem impact lasting pandemicrelated pharmacy

California Pharmacy Professionals Suffering Burnout

BioTech 365

California Pharmacy Professionals Suffering Burnout California Pharmacy Professionals Suffering Burnout SACRAMENTO, Calif.–(BUSINESS Pharmacists and pharmacy technicians are facing increased workloads with … Continue reading → Business Wire

UW Pharmacy’s Drug Interaction Database, built to promote medication safety, wins national innovation award

Scienmag

This year, the UW School of Pharmacy’s Drug Interaction Database, or DIDB — the […]. Latest News award built database Drug innovation interaction medication National Pharmacys promote safety winsFor more than 20 years, the University of Washington has been home to a database built, maintained and expanded around the goal of helping to prevent health complications from adverse drug reactions, one of the leading causes of injury and death in health care settings.

Guardian Pharmacy Services Launches New Minneapolis, Minn. Pharmacy

BioTech 365

Guardian Pharmacy Services Launches New Minneapolis, Minn. Pharmacy Guardian Pharmacy Services Launches New Minneapolis, Minn.

Liverpool CCG and Community Pharmacy Liverpool Launch FebriDx® Service at More Than 100 Community Pharmacies

BioTech 365

Liverpool CCG and Community Pharmacy Liverpool Launch FebriDx® Service at More Than 100 Community Pharmacies Liverpool CCG and Community Pharmacy Liverpool Launch FebriDx® Service at More Than 100 Community Pharmacies Point-of-Care Test Detects and Differentiates Bacterial v.

Guardian Pharmacy Services and Southern Pharmacy Services Strengthen N.C. Footprint with Acquisition

BioTech 365

Guardian Pharmacy Services and Southern Pharmacy Services Strengthen N.C. Footprint with Acquisition Guardian Pharmacy Services and Southern Pharmacy Services Strengthen N.C.

AscellaHealth Designates Preferred Status to Leading Pharmacies for Home Infusion Pharmacy Network, Enhances Site of Care Optimization

BioTech 365

AscellaHealth Designates Preferred Status to Leading Pharmacies for Home Infusion Pharmacy Network, Enhances Site of Care Optimization AscellaHealth Designates Preferred Status to Leading Pharmacies for Home Infusion Pharmacy Network, Enhances Site of Care Optimization BERWYN, Pa.–(BUSINESS

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.

A Video History of Pharmacies and Prescription Prices: From Soda Fountains to GoodRx (rerun)

Drug Channels

Charlotte Morabito at CNBC has put together “Why Pharmacies Overcharge,” an entertaining and provocative video on the pharmacy industry and its generic prescription pricing. Benefit Design Costs/Reimbursement Generic Drugs PBMs Pharmacy Pharmacy Economics Video

COVID-19 lateral flow tests available from pharmacies

Druggist

. . The post COVID-19 lateral flow tests available from pharmacies appeared first on Druggist.Online. General health

Mednow Closes Acquisition of Infusicare Pharmacy

BioTech 365

Mednow Closes Acquisition of Infusicare Pharmacy Mednow Closes Acquisition of Infusicare Pharmacy TORONTO–(BUSINESS WIRE)–Mednow Inc.

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.

UK pharmacy M&A transactions up by 26%

Pharma Times

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

Drug Topics® Introduces Complementary Independent Pharmacy Resource Total Pharmacy®

BioTech 365

Drug Topics® Introduces Complementary Independent Pharmacy Resource Total Pharmacy® Drug Topics® Introduces Complementary Independent Pharmacy Resource Total Pharmacy® Total Pharmacy® will run as an insert in the Drug Topics® publication and host content in an additional online environment CRANBURY, N.J.–(BUSINESS

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.

Pediatric COVID-19 Booster Doses Available at Publix Pharmacy

BioTech 365

Pediatric COVID-19 Booster Doses Available at Publix Pharmacy Pediatric COVID-19 Booster Doses Available at Publix Pharmacy LAKELAND, Fla.–(BUSINESS

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?

Amber Specialty Pharmacy Launches Mobile App to Improve Specialty Pharmacy Patient Experience

BioTech 365

Amber Specialty Pharmacy Launches Mobile App to Improve Specialty Pharmacy Patient Experience Amber Specialty Pharmacy Launches Mobile App to Improve Specialty Pharmacy Patient Experience OMAHA, Neb.–(BUSINESS

The Promise and Limits of Digital Pharmacies

Drug Channels

Does pharmacy need to be disrupted? Venture capitalists clearly think so, judging by the billions they have put behind technology-enabled digital pharmacies. These companies have not gained significant pharmacy industry market share, but their revenue growth rates are impressive.

A Video History of Pharmacies and Prescription Prices: From Soda Fountains to GoodRx

Drug Channels

Charlotte Morabito at CNBC has put together “Why Pharmacies Overcharge,” an entertaining and provocative video on the pharmacy industry and its generic prescription pricing. Benefit Design Costs/Reimbursement Generic Drugs PBMs Pharmacy Pharmacy Economics Video

Fresh Evidence: How Health Systems Steer Prescriptions to Their Own Specialty Pharmacies

Drug Channels

Hospitals and health systems are rapidly expanding their internal specialty pharmacies—and they’re using questionable tactics to boost revenues and profits. The 340B Drug Pricing Program’s explosive growth plays a crucial role in the economics of the health system specialty pharmacy channel.

EPIC Pharmacies Announces CEO Appointment

BioTech 365

EPIC Pharmacies Announces CEO Appointment EPIC Pharmacies Announces CEO Appointment RICHMOND, Va.–(BUSINESS –(BUSINESS WIRE)–EPIC Rx has announced the appointment of Robert J. McLaughlin, Jr., R.Ph., as CEO and president.

Publix Pharmacy Receives Patient Choice Award for Second Consecutive Year

BioTech 365

Publix Pharmacy Receives Patient Choice Award for Second Consecutive Year Publix Pharmacy Receives Patient Choice Award for Second Consecutive Year LAKELAND, Fla.–(BUSINESS

Amber Specialty Pharmacy and Hy-Vee Pharmacy Solutions Selected to Dispense TEZSPIRE™ (tezepelumab) for the Treatment of Severe Asthma

BioTech 365

Amber Specialty Pharmacy and Hy-Vee Pharmacy Solutions Selected to Dispense TEZSPIRE™ (tezepelumab) for the Treatment of Severe Asthma Amber Specialty Pharmacy and Hy-Vee Pharmacy Solutions Selected to Dispense TEZSPIRE™ (tezepelumab) for the Treatment of Severe Asthma OMAHA, Neb.–(BUSINESS

XIFIN Expands Into Pharmacy Market with Acquisition of OmniSYS

BioTech 365

Exclusive: 340B Continues Its Unbridled Takeover of Pharmacies and PBMs

Drug Channels

Drug Channels Institute’s latest review of contract pharmacies in the 340B Drug Pricing Program reveals that an astonishing 30,000 pharmacy locations—half of the entire U.S. Over the past 12 months, the number of pharmacies in the program has grown by more than 2,000 locations.

Amber Specialty Pharmacy and Hy-Vee Pharmacy Solutions to Expand Support of Lilly’s Monoclonal Antibody Treatment for COVID-19

BioTech 365

Amber Specialty Pharmacy and Hy-Vee Pharmacy Solutions to Expand Support of Lilly’s Monoclonal Antibody Treatment for COVID-19 Amber Specialty Pharmacy and Hy-Vee Pharmacy Solutions to Expand Support of Lilly’s Monoclonal Antibody Treatment for COVID-19 OMAHA, Neb.–(BUSINESS

SpotRx Joins Zipdrug’s Pharmacy Network

BioTech 365

SpotRx Joins Zipdrug’s Pharmacy Network SpotRx Joins Zipdrug’s Pharmacy Network The partnership enables health plan members to be connected to SpotRx MISSISSAUGA, Ontario & PHOENIX–(BUSINESS WIRE)–MedAvail Holdings, Inc.

Publix Provides Convenient New Drug-Disposal Service in Select Pharmacies

BioTech 365

Publix Provides Convenient New Drug-Disposal Service in Select Pharmacies Publix Provides Convenient New Drug-Disposal Service in Select Pharmacies LAKELAND, Fla.–(BUSINESS

Pharmacy Economics Rebound (A Little) Amid Glimmers of Good News

Drug Channels

Time to update Drug Channels' exclusive look at independent pharmacy owners’ business economics. Our analysis reveals that despite what you may have heard, many independent pharmacies have figured out how to survive a highly challenging environment.

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.

Select Walmart and Sam’s Club Pharmacies Ready To Dispense Authorized COVID-19 Antiviral Medication Through Federal Retail Pharmacy Therapeutics Program

BioTech 365

Select Walmart and Sam’s Club Pharmacies Ready To Dispense Authorized COVID-19 Antiviral Medication Through Federal Retail Pharmacy Therapeutics Program Select Walmart and Sam’s Club Pharmacies Ready To Dispense Authorized COVID-19 Antiviral Medication Through Federal Retail Pharmacy Therapeutics Program Walmart launches … Continue reading → Business Wire

Specialty Pharmacy’s Explosive 340B Growth

Drug Channels

As you will see below, mail and specialty pharmacies’ purchases of products that are eligible for 340B discounts have grown by an incredible 56% per year since 2017. Consequently, specialty pharmacies have gained a greater share of the 340B market.

Wedgewood Pharmacy Executive Receives 2021 Compounding Advocacy Champion Award

BioTech 365

Wedgewood Pharmacy Executive Receives 2021 Compounding Advocacy Champion Award Wedgewood Pharmacy Executive Receives 2021 Compounding Advocacy Champion Award SWEDESBORO, N.J.–(BUSINESS

Publix Pharmacy Recognizes Associates with Rxcellence Award

BioTech 365

Publix Pharmacy Recognizes Associates with Rxcellence Award Publix Pharmacy Recognizes Associates with Rxcellence Award LAKELAND, Fla.–(BUSINESS

NEW: The 2021 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 is a truly unique resource. I am pleased to announce our new 2021 Economic Report on U.S.

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.

Vizient Pharmacy Market Outlook: Increased Use of Remdesivir for COVID Pushes it to Top Spot in Total Vizient Member Spend

BioTech 365

Vizient Pharmacy Market Outlook: Increased Use of Remdesivir for COVID Pushes it to Top Spot in Total Vizient Member Spend Vizient Pharmacy Market Outlook: Increased Use of Remdesivir for COVID Pushes it to Top Spot in Total Vizient Member Spend … Continue reading → Business Wire

Small Pharmacies Continue to Run Away from Medicare Part D’s Preferred Networks

Drug Channels

In my previous post , I highlighted the largest pharmacy chains that will participate in the 2022 Medicare Part D prescription drug plans (PDP). Today, I examine how smaller pharmacies will participate as preferred cost sharing pharmacies via the pharmacy services administrative organizations (PSAOs) that represent them in negotiations with plans. Benefit Design Medicare Part D Narrow Networks PBMs Pharmacy

COVID-19 Vaccine Booster Doses Available at Publix Pharmacy

BioTech 365

COVID-19 Vaccine Booster Doses Available at Publix Pharmacy COVID-19 Vaccine Booster Doses Available at Publix Pharmacy LAKELAND, Fla.–(BUSINESS

Available for Preorder: The 2021 Economic Report on U.S. Pharmacies and Pharmacy Benefit Managers

Drug Channels

Pharmacies and Pharmacy Benefit Managers. Benefit Design Channel Management PBMs Pharmacy Pharmacy Economics Specialty DrugsOn March 16, 2021, Drug Channels Institute will release The 2021 Economic Report on U.S.