PTMR Podcast Deep Dive | Product Shortage, Social Determinants of Health, and Pharmacy Closures
Description
Dive into the pressing issues facing the pharmacy industry, including drug shortages, social determinants of health, and the sustainability of traditional pharmacy models.
Hear About:
Drug Shortages:
* The rise of counterfeit medications, particularly for high-demand drugs.
* The impact of low-profit margins on generic medications.
* The need for increased supply chain visibility and policy reforms.
Social Determinants of Health and Technology:
* The importance of addressing social factors that impact patient health.
* The role of pharmacy management systems in improving patient outcomes.
* Leveraging technology to bridge gaps in care and promote medication adherence.
The Future of Retail Pharmacy:
* The challenges facing traditional pharmacy models, including declining reimbursement rates and increased competition.
* The need for innovation and adaptation to survive and thrive.
* The potential of alternative models, such as central fill and mail order pharmacies.
Action Items
* Stay informed about the latest trends and challenges in the pharmacy industry.
* Evaluate your pharmacy's current business model and identify areas for improvement.
* Invest in technology to streamline operations and improve patient care.
* Prioritize patient engagement and education to address social determinants of health.
* Collaborate with other healthcare providers to create a more integrated approach to patient care.
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