Join host Mike Koelzer and Stephanie Varner from Capital Wholesale Drug Company for an engaging discussion on the impact of drug tracking systems in pharmacies. This episode sheds light on the challenges, advantages, and future trends in drug tracking and its influence on pharmacy operations. https://www.capital-drug.com/ 0:12 - Episode Introduction with Stephanie Varner 3:05 - Defining Drug Tracking in Pharmacy 8:20 - Historical Context of Drug Tracking 15:30 - Implementation Challenges 22:45 - Impact on Pharmacy Workflow 28:50 - Regulatory Compliance Insights 34:10 - Technological Solutions ..read more

Simplifying workflows and improving collaboration leads to better patient care. In this episode, we speak with Frank Harvey and Andrew Mound from Surescripts about how their technology bridges communication gaps between pharmacists and other healthcare providers. We discuss innovations like price transparency, prescription quality improvements, and expanded clinical roles that empower pharmacists with the data they need at the point of care. Tune in to hear how Surescripts is connecting pharmacists with the broader care team and unlocking efficiency through better interoperability. https://su ..read more

In this insightful episode of The Business of Pharmacy Podcast™, we delve deep into the deceptive practices of Pharmacy Benefit Managers (PBMs) within the workers' compensation arena. Our guest, Colleen Shields, CEO of Rescue Meds Pharmacy, sheds light on the often-hidden manipulations of PBMs and their impact on pharmacies and injured workers. Join us as we explore the intricacies of workers' comp, the challenges pharmacies face, and the fight for fairness in the industry. https://rescuemeds.com/ Time Stamps: [00:00:15] Introduction of Colleen Shields and topic overview. [00:01:17] Discussio ..read more

Patti Mara, a pharmacy business coach for over 15 years, shares strategies for transforming pharmacy culture through communication, feedback and defining team success. Website: https://pharmacysuccess.com/ [00:00:15] Introductions [00:01:43] Hiring for pharmacy culture [00:04:15] Importance of business and personality [00:05:05] Matching talent to pharmacy roles [00:05:43] Systematizing routine to handle exceptions [00:08:28] The 4 pillars for team success [00:09:38] Why weekly team huddles are critical [00:14:12] Tips for effective huddles [00:16:05] Keeping huddles focused [00:18:02] In-pe ..read more

On this episode of the Pharmacy Leaders Podcast, we talk with Sean Duffy, owner of Integrity Pharmacy Consultants, about the current state of pharmacy buying and selling. Sean shares insights on market trends, factors impacting transactions, and key considerations for pharmacy owners looking to buy or sell. https://www.integrity-rx.com/ [00:12] Introducing Sean Duffy [01:03] COVID's impact on transactions [02:58] Pharmacist perspective changes [03:59] Retail pharmacist shortage [05:26] Slowdown in transactions [06:28] Medicaid helping independents [08:25] Buyer/seller age averages [09:48] Mana ..read more

Lucas Morgan, a partner at Frier Levitt, joins host Mike Koelzer for an in-depth discussion on pharmacy law, working with boards of pharmacy, common issues that pharmacists face, and tips for avoiding trouble. https://www.frierlevitt.com/about/attorneys/lucas-w-morgan/ [00:00:15] Introducing Lucas Morgan [00:01:05] Interacting with pharmacy board inspectors [00:02:56] Mistakes made when dealing directly with boards [00:04:00] Unique pharmacy regulations by state [00:05:51] Emotions involved with board disciplinary actions [00:06:52] The role of intent and negligence [00:08:06] Discretion giv ..read more

In this episode, Florida pharmacy owner Jesse Brashear shares his experience getting involved in state-level advocacy and pharmacy reform. https://www.brashearspharmacy.com/ Key topics covered: 0:22 - Jesse talks about his background in political science and pharmacy 0:59 - Jesse discusses getting involved in pharmacy advocacy in the state legislature 2:18 - How a pharmacy reform bill gets introduced in a state legislature 4:49 - Jesse describes literally knocking on legislators' doors at the state capitol 6:33 - Jesse talks about speaking on pharmacy bills in legislative committees 8:19 - Je ..read more

Pramod John, CEO of VIVIO Health, discusses issues with drug pricing and competition in the pharmaceutical industry. He talks about how the current system incentivizes higher spending on healthcare rather than better outcomes, and how lack of transparency and access to data prevents true competition. [00:00:15] Introduces VIVIO Health mission [00:02:07] Background and improving healthcare [00:05:40] US overspends on drugs [00:08:39] Public benefit corporation [00:12:11] Rebates misalign incentives [00:17:29] FDA approves ineffective drugs [00:24:15] FDA efficacy vs. effectiveness [00:29:47] He ..read more

The Business of Pharmacy Podcast™ brings you in-depth, candid conversations with pharmacy business leaders. This week's episode features an exclusive interview with Stellus Rx founder and CEO Tony Willoughby, who gives us an inside look at how his company leverages technology to creatively scale more robust and personalized pharmacist-patient relationships and drive better health outcomes - tune in every Monday morning for a new episode. [00:00:23] Founded Stellus Rx pharmacy [00:01:12] Worked on frontlines firsthand [00:02:58] Provides tech adherence and engagement [00:0 ..read more

Show Overview: We discuss the evolution of the pharmacy benefit manager (PBM) industry with AJ Loiacono, founder and CEO of Capital Rx. AJ shares his experiences as an entrepreneur aiming to disrupt incumbent PBM models and practices. https://www.cap-rx.com/ Key Topics Covered: The rapid growth in prescription drug spending over the past 20 years Increased scrutiny on PBM rebates, pricing, and transparency Regulatory interest and investigations into PBM practices Entering the PBM space as a new competitor Conviction and perseverance as an entrepreneur with an unproven idea Leading a mission-d ..read more