PTMR Podcast Deep Dive | Product Shortage, Social Determinants of Health, and Pharmacy Closures

PTMR Podcast Deep Dive | Product Shortage, Social Determinants of Health, and Pharmacy Closures

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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.