The Pharmacy Podcast Network is the Pharmacy industry's first audio blog network about the 'Business of Pharmacy'. The Pharmacy Podcast Network is a collection of over 20 different pharmacist's podcasts, discussion, ideas, innovation, and interviews from the brightest minds in pharmacy. We are always expanding our programming to Independent Retail, Compounding, Long-term Care, Specialty, Hospital Systems, and Small Chain Pharmacy Businesses. We're expanding content for Patients and Pharmacy Students and encourage our listeners to submit ideas for future shows. The Pharmacy Podcast Show is about dynamic people in the pharmacy industry making a difference for our profession, customers, and patients.
Pharmacy Podcast Episode 38 Pharmacy Healthcare Solutions Inc., Consultant Michael Bunn

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

Direct download: Pharmacy_Podcast_Episode_38_PHSI_Consultant_Michael_Bunn.mp3
Category:general -- posted at: 8:00am EST
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