Over the years, the pharmaceutical industry has made huge profits from the necessary and sometimes life-saving medications that are needed by its customers. In fact, according to the JAMA Network, “From 2000 to 2018, 35 large pharmaceutical companies reported cumulative revenue of $11.5 trillion, gross profit of $8.6 trillion, EBITDA of $3.7 trillion, […]
Every business owner knows that it takes a lot of time, hard work, and dedication to be successful. As an independent pharmacy owner, you know it takes all of these things and more to operate a profitable business. One of the largest investments you will make in your pharmacy is […]
Health Costs Dearly Surveys have shown that patients who are required to consume prescription medication fail to do so once the doctor has given them prescriptions to fill. This is called “prescription non-adherence.” The reason? The high cost of the medication itself. This is a crucial issue that needs to […]
Running a successful independent pharmacy is tough.
With lowered medication reimbursements, more chain competition on every corner, and high DIR fees… how can you survive, let alone thrive in this environment?
First enacted by the Congress in 1992, the 340B drug pricing program allows clinics and hospitals serving a large number of low-income, uninsured patients to purchase medicines from pharmaceutical companies at steep discounts. Drug manufacturers that want their drugs covered by Medicaid are required to participate in the 340B program […]