Many independent, community pharmacists are worried about the future of their industry. In a recent article for Drug Topics, Marvin Moore, who has been a pharmacist for more than 15 years, has something to say to them: don’t be so worried! While there are indeed pressing...
Achieving success as an independent pharmacy is not walk in the park! It takes grit, determination, and business savvy. A recent article published by Pharmacy Owners offers a breakdown of four business skills that successful independent pharmacists have generally mastered. Failure – Though perhaps counterintuitive,...
The Tax Cuts and Jobs Act (TCJA) of 2017 is the largest piece of tax reform to be legislated in the U.S. in decades. As such, it will have a wide-reaching effect across all businesses, including those in the pharmaceutical industry. A recent article by...
Artificial intelligence (AI) technology is developing rapidly and causing disruption in a wide range of industries. In a recent article for Medium, author Richard Franks explains why the pharmaceutical industry is no exception to this pattern of disruption and offers some strategies to help pharmacists...
There are many pharmacy-related policy issues, and the midterm elections could have a significant impact on your business. This article examines the 5 biggest public policy issues and what pharmacies should focus on. To view this article, click the following link to access the original content. https://www.pharmacytimes.com/conferences/ashp-summer-2018/5-public-policy-issues-affecting-pharmacists...
Rebates and discounts are being pocketed by some pharmacy benefit managers, leaving consumers paying more than they should for certain medicine. This article discusses what the government is doing to take out the middleman and keep the money in the pocket of consumers. To view this article,...
Technology such as data analytics and artificial intelligence are changing the future of the pharmaceutical industry. This article explains why pharmacies should implement these new operations to give customers a more personalized experience. To view this article, click the following link to access the original content. https://www.forbes.com/sites/forbestechcouncil/2018/05/10/how-data-analytics-and-artificial-intelligence-are-changing-the-pharmaceutical-industry/#3b2a06936440...
Artificial intelligence can help manage data and improve the workplace, especially in healthcare and pharmacy. This article discusses how AI can improve smart medicine, electronic health records, and the digital world of healthcare. To view this article, click the following link to access the original content. http://www.pharmacytimes.com/contributor/timothy-aungst-pharmd/2018/05/ai-can-impact-healthcare-pharmacy...
As pharmacies continue to grow in the connected and digitalized world, delivery of medicine may be the next big thing. This article explains how one pharmacy is utilizing delivery services to grow their brand image and attract more customers. To view this article, click the following...
With the rise of Amazon, mergers within the industry, and technology, pharmaceutical companies are beginning to see massive changes within the industry. This article discusses the current changes within the industry and what pharmacists should expect moving forward. To view this article, click the following link to...
