Pharmacy Healthcare Solutions Inc. (PHSI)

Consultants for pharmaceutical manufacturers, PBMs, retail pharmacy chains, and software companies on strategic business and marketing issues. Consulting projects across these market segments provide PHSI with the latest information on emerging trends as well as new products and services. Our consultants have extensive retail, mail service and managed care experience to create actionable recommendations for our clients’ challenging business issues.

Holding Gains

·         For years pharmacy management 101 has dictated to pharmacy owners to improve their efficiency and margins by reducing their inventory and increasing their number of inventory turns.

·         PHSI evaluated the financial impact of lowering inventory and found that lower is not always better. 

·         Economic downturn has resulted in lower cost of money (i.e. low interest rate and lower returns on investments)

·         Reduced number of small molecule blockbusters from brand manufacturers and the current generic patent cliff has increased the brand inflation rate. 

·         With interest or returns on investments at 3-5% and brand price inflation rates of around 9%, there is financial benefit to holding brand inventory on your shelf. 

·         Low opportunity cost and high price inflation

·         We worked through some typical pharmacy numbers.  All of these numbers are available on our PHSI website which listeners can access at http://www.PHSIRx.com/blog

Pharmacists United for Truth and Transparency is a growing coalition of independent pharmacists and pharmacy owners dedicated to exposing widespread abuse and manipulation by pharmacy benefit managers (PBMs).

PBMs are remarkably effective at increasing their profits and market shares. The pending $29.1 billion merger of Express Scripts and Medco Health Solutions would create the largest PBM in the nation. If approved by the federal government, potential for widespread PBM abuse would grow to an alarming new height.

We created Pharmacists United for Truth and Transparency to expose the PBM myth by illustrating the ways they inflate prescription drug costs. Their greed hurts all Americans by draining the economy and obstructing Americans’ access to medicine.

Our coalition is comprised of nearly 200 pharmacists and pharmacy owners from coast to coast. As major players in the prescription drug market, we have extensive inside knowledge of the PBM industry to share. Pharmacists United for Truth and Transparency is a resource for employers, policy makers and members of the media. We are here to explain the intricate PBM business model designed to camouflage their scam.

Pharmacists United for Truth and Transparency is a growing group of nearly 200 pharmacists from more than 35 states

For more information email visit us at http://www.truthrx.org

About: Dave Marley, PharmD.
CEO/President
Marley Drug, Inc.
5008 Peters Creek Parkway
Winston Salem, NC 27127
Ph: 336-771-7672
http://www.marleydrug.com

Fellow Pharmacy Industry Podcaster Jean-Marc Bovee PharmD., talks about our industry and the true value of pharmacy within our struggling healthcare system. 

Topics discussed:

Drug Shortage
Oxy-Epidemic
Medicaid 

 
Jean-Marc Bovee earned his doctor of pharmacy degree from the Saint Louis College of Pharmacy and has worked in more than thirty pharmacies, as both a pharmacist and pharmacy technician. He and his wife—who is also a pharmacist—live in southwest Florida with their two children.

Jean-Marc's podcast show: http://www.RetailPharmacyPodcast.com

We are thrilled to interview Independent Pharmacy supporter President & Founder of MichRx Consulting Services - Michelle Sherman, RPh. With the vision to create a holistic global community for people impacted by HIV/AIDS, Michelle Sherman founded MichRx Pharmacist Consulting Services, Inc. in 2005. MichRx Pharmacist Consulting Services, Inc is a top provider of innovative services and solutions for people reaching HIV/AIDS patients, caregivers, and service providers. The mission of the company is to promote the state of well being through comprehensive pharmaceutical care, diet, exercise and emotional well being. The company is committed to providing cutting edge, quality educational programs and consultation services to physicians, nurses, case managers, pharmacists, corporations, associations, clinics, government agencies, community service providers, and HIV/AIDS patients.

Ms. Sherman is a nationally recognized HIV Specialist Pharmacist practicing in Orange County, California for over eighteen years. She has extensive experience and expertise with HIV medications, adherence and resistance issues, ADAP, CalOptima/Medi-Cal, Medicare Part D issues, HIV Sensitivity issues and pharmaceutical care services for HIV infected individuals. Ms. Sherman obtained her Bachelor of Pharmacy degree from the University of the Witwatersrand School of Pharmacy, Johannesburg South Africa. She moved to California in 1987 and has been involved in the HIV/AIDS community for over eighteen years.

Michelle Sherman, RPh FASCP AAHIVE
34145 Pacific Coast Hwy #211
Dana Point, CA 92629

mich@michrxconsulting.com

Preserve Community Pharmacy Access NOW (PCPAN) http://preservingcommunitypharmacy.com 

is a coalition of consumers, businesses and community-based pharmacists from across the country that have come together for the purpose of opposing the planned merger between Express Scripts Inc. and Medco Health Solutions Inc. PCPAN is a project of the Pharmacy Choice and Access Now (PCAN) coalition, which fights on behalf of patients to preserve access to quality and affordable health care and pharmacy services.

PCPAN exists because patient well-being and access to pharmacy services are being immediately threatened by the planned merger between two of the largest pharmacy benefit management (PBM) companies, a merger which could go into effect as soon as the first part of 2012, providing the combined mega-PBM excessive dominance and control over the health care of tens of millions of Americans.

PBMs, which serve as middlemen between corporations or insurance companies and patients already wield a one-sided advantage in setting prescription medicine contract and reimbursement terms for community-based pharmacies. This merger would only make a bad situation worse for the American health care system. It would result in a consolidated PBM controlling a significant part of the market, thereby eliminating choice and access for patients who depend on local pharmacists for their prescription medications and other health care services.

A consolidated PBM of this size would control a large share of the supply line of brand-name and generic drugs, especially in markets where the PBMs are already highly concentrated, thereby raising the prices of prescription medications and leaving employer health care plans and patients with few remedies outside of absorbing the cost increases.

To prevent these anti-competitive effects in the health care delivery system, the consumers, pharmacists and small businesses that make up PCPAN are working to stop this planned merger. The bottom line is clear: the merger between Express Scripts and Medco is not in the best interest of patients, employers or health care in America. It must not be allowed to move forward.

Eva Clayton – PCPAN Chairperson
Eva M. Clayton is a former member of Congress who represented eastern North Carolina (1992-2003). She served as Chair of the Nutrition & Operations Sub-committee of the Agriculture Committee, Member of the Budget Committee, and Co- Chair of the Rural Caucus. Upon retirement, she accepted the position of Assistant Director General of the UN Food and Agriculture Organization (2003-2006). She remains active with agriculture, rural development and food security issues.

David Ford and Todd Eury discuss the value of the Mevesi Data Analytics Technology.

David Ford is Vice President of Operations with REM Corporation, a Miami-Luken subsidary. David is charged with the operation of 20 retail pharmacies in Ohio and Indiana. Total sales in excess of 40 million. Maintaining independent pharmacy presence in communities regionally.

For more information about Pharmacy Data Analytics technologies Mevesi - call (412)486-0800.

http://www.PharmacyDataReporting.com

About PHSI: Pharmacy Healthcare Solutions, Inc.

Pharmacy Healthcare Solutions Inc. (PHSI) consults with pharmaceutical manufacturers, PBMs, retail pharmacy chains, and software companies on strategic business and marketing issues. Consulting projects across these market segments provide PHSI with the latest information on emerging trends as well as new products and services. Our consultants have extensive retail, mail service and managed care experience to create actionable recommendations for our clients' pressing business issues.

PHSI Mission Statement: PHSI provides innovative consulting solutions that improve the profitability of our healthcare clients. Integrity and respect is imperative in all relationships with clients and employees. We strive for excellence in all projects and endeavor to become invaluable advisors by continually expanding our industry knowledge.

David Schuetz, R.Ph.
Consultant | Pharmacy Healthcare Solutions, Inc.
968 Perry Highway | Pittsburgh, PA 15237
Phone: 412-635-4650 | Fax: 412-635-4651
DSchuetz@PHSIRx.com | www.PHSIRx.com

Interview with CEO John Kello with MatchRx.

MatchRX is a web based marketplace that was developed exclusively for the independent pharmacist. At MatchRX, we provide a simple, secure way for you to better manage inventory on a daily basis. By connecting neighborhood pharmacists across the US, we enable our members to buy and sell overstocked prescription drugs at discounted prices. The result is an easy way to minimize waste and improve your bottom line.

An Interview with NCPA’s CEO Douglas Hoey.

Douglas Hoey has spent 20+ years working in and representing community pharmacies. Doug grew up in the pharmacy working at his family's pharmacy from junior high through completion of his pharmacy degree at the University of Oklahoma Health Sciences Center. Doug went on to complete his Master's of Business Administration from Oklahoma City University. During the first five years of his career, he worked in community pharmacies providing traditional dispensing and counseling services as well as long term care consulting, home infusion, hospice care, and durable medical equipment. In 1996, Doug joined NCPA as Assistant Director Management and Student Affairs and in 2005 he became NCPA's first Chief Operating Officer reporting directly to the CEO. In April of 2011 the NCPA's Executive Committee appointed Doug as NCPA’s CEO.

We discuss with Doug his views on the proposed merger of Express Scripts and Medco, legislation designed to regulated the PBM industry that is pending in Congress, the current state of independent community pharmacies, NCPA efforts to make medication adherence a core competency, and continued plans to help members be more successful with front-end sales.

Douglas Hoey RPh, MBA

Chief Executive Officer

Doug.Hoey@ncpanet.org

National Community Pharmacists Association

100 Daingerfield Road Alexandria, VA 22314

703-683-8200

TAKE CHARGE® In Your Independent Pharmacy
In recent years, it has become more and more difficult for independent pharmacies to rely on prescription sales to make ends meet.  Competition with the chain pharmacy is tough, so are state cutbacks and mail order mandates. But one of the greatest advantages we have as business owners is the choice to do something new and different in our communities. We have the freedom to explore new business opportunities and take action in a way that will set our independent pharmacies apart from all others.

Patient Care That Works.
Despite obesity becoming America's number one health problem, few healthcare professionals know how to effectively deal with it.  We see it in our pharmacies every day...  Our patients are taking prescription medications for High Cholesterol, Type 2 Diabetes, Osteoporosis and several other lifestyle-associated diseases.  Meanwhile, they're skipping breakfast, eating lunch on the go and stopping for take-out on their way home for dinner. Most of these patients have spent hundreds of dollars trying countless mainstream diets and failed.

TAKE CHARGE® is NOT a diet.
TAKE CHARGE® is a program of lifestyle modification that will not only make a difference in the lives of your patients but will also make a difference in your pharmacy's bottom line.  With TAKE CHARGE® in your pharmacy, you can grow your business and help your community by teaching your patients healthy lifestyle strategies that will help them live longer, healthier and happier lives.

Marvin Babb
1690 25th Street NW
Cleveland, TN 37311
Website :  http://www.takechargerx.com
Toll free: 800-782-3444
Phone: (423) 559-3014
Twitter: @takecharge_rx