Publications

ComputerTalk for the Pharmacist July/August 2017

PHSI President Tim Kosty contributed to the July/August 2017 edition of ComputerTalk for the Pharmacist. In his Viewpoints article, Tim explores the historical issues with DUR system configurations and suggest steps the industry needs to take to improve patient safety.

Click here to read Tim’s article entitled “Drug Utilization Alerts: Failures and Future Direction”. You can read full versions of current and past ComputerTalk issues at http://www.computertalk.com/issues-archive.

ComputerTalk for the Pharmacist May/June 2017

PHSI Consultant Dave Schuetz contributed to the May/June 2017 edition of ComputerTalk for the Pharmacist. In his Viewpoints article, Dave discusses the concern that the NDC (National Drug Code) number is going to run out of numbers sometime in the next decade and the need for industry stakeholders to start the discussion and work toward a goal before it’s too late.

Click here to read Dave’s article entitled “What Happens When We Run Out of NDC Numbers?”

ComputerTalk for the Pharmacist January/February 2017

PHSI President Tim Kosty and Vice President Don Dietz contributed to the January/February 2017 edition of ComputerTalk for the Pharmacist. In their Viewpoints article, Tim and Don provide a forecast of market changes for 2017. The article reviews topics related to industry challenges, preferred pharmacy networks, driving pharmacy efficiency, clinical services, and industry consolidation.

Click here to read their article entitled “The Outlook for 2017”.

Conflicts with Value-Based Medication Pricing

With multiple diverse variables and stakeholders to consider, controlling healthcare expenditures has proven to be a difficult problem to solve. Recently, the American Medical Association has voiced support for Value-Based Medication Pricing. This means that a drug would be priced based on the benefit to the patient’s care. While this may seem like a promising strategy, there are several concerns that arise under value-based pricing. For instance, generic drugs often provide high levels of care but do not fall under high price brackets. Under a value-based system, would the prices increase to reflect the value of a low-cost antibiotic? Also, many nonessential prescription products do not make it onto an insurance formulary, including various topical products that are mostly used for cosmetic purposes. This means that the value is much more personal to the patient. The ambiguity in value makes it extremely difficult to establish a value-based price.  In value-based pricing, the payer is the stakeholder defining value.  Another concern that is often brought up when discussing drug costs is research and development.  Often, profits in pharmaceutical manufacturing are used to fund research and development for new innovative medications. Many fear that drastically changing the way medications are priced could hinder new drugs coming to market. Time will tell if value-based pricing attracts more attention but both arguments highlight the fact that coming up with a strategy to price medications is no easy task.

 

http://insidepatientcare.com/issues/2016/december-2016-vol-4-no-12/449-value-based-medication-pricing

ComputerTalk for the Pharmacist November/December 2016

PHSI Consultant Ann Johnson contributed to the November/December 2016 edition of ComputerTalk for the Pharmacist.  In her Viewpoints article, Ann reviews recent market and regulatory changes taking place with controlled substances. The article focuses on new CDC opioid guidelines, increased availability and utilization of prescription drug monitoring programs (PDMPs), and electronic ordering of CIIs using the DEA’s Controlled Substance Ordering System (CSOS). Click here to read the article entitled “The Changing Dynamics of Opioid Prescriptions.”

ComputerTalk for the Pharmacist September/October 2016

PHSI President Tim Kosty and Vice President Don Dietz discuss the two broad types of pay-for-performance networks in the September/October 2016 edition of ComputerTalk for the Pharmacist.  Their Viewpoints article reviews the types of performance networks and the different strategies employed to drive measurements designed to improve patient outcomes. Click here to read the article “Performance Networks.”

ComputerTalk for the Pharmacist July/August 2016

PHSI President Tim Kosty discusses the final AMP rule in the July/August 2016 edition of ComputerTalk for the Pharmacist.  In his Viewpoints article, Tim reviews the regulatory changes within the final AMP rule and its impact on the various market segments. Click here to read the article “Final AMP Rule: Industry Implications.”

ComputerTalk for the Pharmacist May/June 2016

PHSI Consultant Dave Schuetz discusses the benefits of using an inventory management system in pharmacies in the May/June 2016 edition of ComputerTalk for the Pharmacist.  The Viewpoints article discusses various aspects of setting up and utilizing a system to help reduce inventory and increase turns while ensuring the proper amount of product is in stock at the right time.  Click here to read the article “Getting a Handle on Your Inventory.”

 

 

Update 8/26/2016:

We received this great response from Erich Cushey, RPh, Owner/Operator of Curtis Pharmacy and wanted to share with all of you:

“Read your article in ComputerTalk on inventory control and really enjoyed it. We have aggressively reduced our inventory through our Sync program, and really see the benefits in both improved cash flow and tax savings as well. A shame more owners don’t pay attention to it.”

We encourage you to keep reading our posts and please don’t hesitate to send further questions or comments.
Thanks
The PHSI Team

ComputerTalk for the Pharmacist January/February 2016

PHSI President Tim Kosty and Vice President Don Dietz contributed to the January/February 2016 edition of ComputerTalk for the Pharmacist. In their Viewpoints article, Tim and Don review the market dynamics driving the accelerating consolidation of retail pharmacies and the impact that consolidations have on various stakeholders in the industry.

Click here to read their article entitled “The Market Impact of Pharmacy Consolidation.”

ComputerTalk for the Pharmacist November/December 2015

PHSI Consultant Ann Johnson contributed to the November/December 2015 edition of ComputerTalk for the Pharmacist. In her Viewpoints article, Ann highlights the increased use of patient intelligence tools, focusing on fitness trackers. The article discusses the various applications of these devices to patient care and improved health outcomes. Click here to read the article entitled “The Impact of Patient Intelligence Tools on Healthcare.”