Innovative Pharmacy Solutions for Modern Healthcare

In this episode of Healthcare Happy Hour, David Saltzman speaks with Vinay Patel, founder of MakoRx, about the evolving role of community pharmacies in the healthcare landscape. They discuss the challenges faced by these local pharmacies as they compete with big box competition, the importance of transparency in drug pricing, and innovative models like subscription services that aim to improve access and affordability. The conversation also touches on the potential for legislative reform to create a more equitable healthcare system.

Takeaways

• Community pharmacies are often overlooked but play a vital role in local healthcare.
• The shift towards big box pharmacies has forced community pharmacies to adapt and innovate.
• Transparency in drug pricing is crucial for consumers and pharmacies alike.
• Legislative action is needed to reform the pharmacy benefits landscape.
• Subscription models can provide affordable access to medications for uninsured or underinsured individuals.
• Direct primary care practices can benefit from tailored pharmacy programs.
• Discount cards like GoodRx have increased consumer awareness but can harm pharmacy margins.
• Non-traditional PBMs offer a transparent alternative to the dominant players in the market.
• The future of pharmacy may hinge on significant reforms in drug pricing and PBM practices.
• A more sustainable healthcare system is possible with the right legislative changes.

Chapters

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