Latest / Pharmacy Podcast Network / PBM Impact on Independent Pharmacy Owners | PBM Reform
Transcript
- 0:05Speaker 1: You are listening to the global network of podcasters dedicated
- 0:09Speaker 1: to the pharmacy profession. Welcome to the Pharmacy Podcast Network.
- 0:34Speaker 2: Welcome to the PBM Reform Podcast, where we dive deep
- 0:38Speaker 2: into the world of pharmaceutical benefit management, cutting through the
- 0:41Speaker 2: noise to uncover the truth. Since 2019, we've been your
- 0:46Speaker 2: go-to source for the latest on how PBMs impact patient care,
- 0:51Speaker 2: drug pricing, and the very future of pharmacy. Here, we
- 0:55Speaker 2: champion the role of pharmacists, the most knowledgeable advocates for
- 0:59Speaker 2: medication safety and expertise. Join us as we expose and
- 1:04Speaker 2: generate discussions that are reshaping healthcare and explore how we
- 1:08Speaker 2: build a better payment system which focuses on advancing pharmacy care.
- 1:19Speaker 3: Welcome, everybody, to the PBM Reform Podcast here on the
- 1:22Speaker 3: Pharmacy Podcast Network. My name is Brett Grice. Today, we're
- 1:26Speaker 3: going to take the conversation about pharmacy benefit managers. We're
- 1:32Speaker 3: going to take it out of the boardroom. We're going
- 1:35Speaker 3: to take it out of Washington, D.C. We're going to
- 1:38Speaker 3: take it off of the spreadsheets and all the documents,
- 1:40Speaker 3: and we're going to bring it right to the pharmacy counter.
- 1:44Speaker 3: So because when you're talking about PBM reform, it's real
- 1:50Speaker 3: easy to talk about all the major things that we
- 1:52Speaker 3: always cover, reimbursement rates, DIR fees, formularies, the clawbacks, you know,
- 1:59Speaker 3: network and who can participate and who can't and the contracting.
- 2:04Speaker 3: But behind every one of those issues, there's something much
- 2:08Speaker 3: more important, and that's the patient. And so today, we
- 2:13Speaker 3: want to really look at how the decisions that are
- 2:17Speaker 3: made by pharmacy benefit managers, by PBMs, their policies can
- 2:22Speaker 3: really not just affect the patient, but the community pharmacies,
- 2:27Speaker 3: especially the independent pharmacies that are supporting those patients. So
- 2:33Speaker 3: we want to look at it from that perspective today
- 2:35Speaker 3: of a community pharmacy owner. and about what it's actually
- 2:41Speaker 3: like to operate an independent pharmacy and deal with PBM influences.
- 2:47Speaker 3: And again, most importantly, how PBMs affect the relationship between
- 2:52Speaker 3: the pharmacist and their patients. So I want to welcome
- 2:55Speaker 3: to the program, Dr. Fair Jones. Hi, Dr.
- 2:59Speaker 1: Jones.
- 2:59Speaker 3: How are you?
- 3:00Speaker 1: I'm good. How are you? Thank you so much for
- 3:02Speaker 1: having me.
- 3:03Speaker 3: This is a pleasure. I've been following your posts and
- 3:08Speaker 3: you're saying all the right things. And so I was like,
- 3:11Speaker 3: we've got to have you on this show and get
- 3:14Speaker 3: to know you a little more and get down to
- 3:16Speaker 3: the trenches and just see really what you're dealing with.
- 3:20Speaker 3: on a day-to-day basis. So let's start with your own story.
- 3:23Speaker 3: Tell us about your own pharmacy, how long you've had
- 3:26Speaker 3: the business, and what makes you different than maybe a
- 3:30Speaker 3: chain or even a mail order pharmacy that's out there.
- 3:34Speaker 1: Yeah, so I have owned my pharmacy since 2019. It
- 3:37Speaker 1: was an existing pharmacy here in my hometown in Mississippi,
- 3:41Speaker 1: and my husband and I were lucky enough to get
- 3:44Speaker 1: the opportunity to purchase that pharmacy. So we did and
- 3:48Speaker 1: we have been here ever since. You know, Save More,
- 3:53Speaker 1: like I said, it's been here for, you know, 50
- 3:56Speaker 1: plus years. And so people just know that it's kind
- 3:59Speaker 1: of one of those places that's just part of Grenada.
- 4:02Speaker 1: But I would say what's different for us is that
- 4:06Speaker 1: we're really like a family, you know, not only my staff,
- 4:10Speaker 1: but also our customers. We, of course, know what medications
- 4:14Speaker 1: they're taking, but we also know, you know, when their
- 4:17Speaker 1: kids are playing baseball or, you know, when someone had
- 4:20Speaker 1: a surgery or, you know, what church they go to,
- 4:23Speaker 1: you know, and we just have these small town connections that,
- 4:28Speaker 1: really resonate with a lot of people. They're not just
- 4:31Speaker 1: a number coming in, you know, another metric to check
- 4:36Speaker 1: off the list. They're our family. And so, you know,
- 4:41Speaker 1: a lot of these people, I was born and raised
- 4:42Speaker 1: here in Grenada. And so it's people I've known my
- 4:45Speaker 1: whole life. And, you know, I've known their kids or
- 4:48Speaker 1: their grandkids. And, you know, it's really cool for me
- 4:52Speaker 1: to get to help take care of those people that
- 4:54Speaker 1: I feel like raised me when I was here. So,
- 4:58Speaker 1: I try to take that with how I do my job.
- 5:01Speaker 1: And I just think, you know, you can't beat a
- 5:05Speaker 1: small independent pharmacy. It's the best.
- 5:08Speaker 3: It really is. So I'm sure everyone in your community
- 5:12Speaker 3: already knows you and knows how to find your pharmacy.
- 5:14Speaker 3: But just in case, where are you located?
- 5:18Speaker 1: So we're in Grenada, Mississippi, and we are on Commerce
- 5:22Speaker 1: Street right across from Grenada High School, right down the
- 5:26Speaker 1: way from Sonic. So just kind of the main drag
- 5:28Speaker 1: right in Grenada. You can't miss this.
- 5:31Speaker 3: Okay, excellent. All right. And so when you think back
- 5:36Speaker 3: at your career going to pharmacy school, you didn't jump
- 5:40Speaker 3: right directly into an independent pharmacy. So where did your
- 5:45Speaker 3: career path take you to this point today?
- 5:47Speaker 1: Yeah, so when I got out of pharmacy school, I
- 5:50Speaker 1: actually started working for Rite Aid. And I was living
- 5:54Speaker 1: in Alabama at the time. I moved there right after graduation.
- 5:58Speaker 1: And so I started with Rite Aid. And then after
- 6:02Speaker 1: about a year, we ended up coming back to Mississippi.
- 6:05Speaker 1: And I worked for Walgreens in Eupora.
- 6:11Speaker 4: Which is this tiny little town in Mississippi, where And
- 6:14Speaker 4: then I ended up.
- 6:15Speaker 1: After a couple of years there, I went to Kroger Pharmacy.
- 6:19Speaker 1: And from Kroger, I came here to save more. So
- 6:22Speaker 1: I really feel like I have a really good understanding
- 6:26Speaker 1: of the corporate chain side of community pharmacy as well,
- 6:31Speaker 1: the good and the bad. And so that has helped
- 6:33Speaker 1: me know what I did and didn't want to do
- 6:36Speaker 1: when I had my own store. And I'm super thankful
- 6:40Speaker 1: for that time there. in those places because I learned
- 6:43Speaker 1: just so much about pharmacy as a whole.
- 6:45Speaker 3: Yeah. Was that always the goal? Do you think to,
- 6:49Speaker 3: to have your own store, be able to do it
- 6:51Speaker 3: your own way someday?
- 6:53Speaker 1: You know, in the beginning I would say not necessarily. Um,
- 6:58Speaker 1: it kind of seemed like a pipe dream, like just
- 7:00Speaker 1: something that would be too far out of reach for
- 7:04Speaker 1: me for whatever reason. I thought that, um, And I
- 7:07Speaker 1: was content in the beginning to do what I was doing.
- 7:10Speaker 1: But as I kind of progressed through my career in
- 7:14Speaker 1: those early years, I realized pretty quickly that there was
- 7:18Speaker 1: so much more that I could do. And there were
- 7:20Speaker 1: so many more ways that I could impact my patients
- 7:24Speaker 1: and that I could really be a pharmacist and not
- 7:27Speaker 1: just like a robot behind a counter. And I had
- 7:30Speaker 1: small children and You know, it was just kind of
- 7:36Speaker 1: like this just life moment where it was like, is
- 7:39Speaker 1: this really what we're going to do for the rest
- 7:42Speaker 1: of our life? You know, and and then this opportunity
- 7:46Speaker 1: just kind of kind of fell into our lap. I mean, honestly,
- 7:50Speaker 1: it was not something we were we were looking for,
- 7:54Speaker 1: but it was just the best, the biggest blessing. And
- 7:57Speaker 1: I knew then that this is really what I wanted
- 8:01Speaker 1: to do. Yeah.
- 8:02Speaker 3: Now, is your husband in the pharmacy industry also?
- 8:07Speaker 1: He is not. He is in construction, construction background. And
- 8:11Speaker 1: so he has he does help me in the pharmacy
- 8:14Speaker 1: now as far as some of the business side of it.
- 8:17Speaker 1: But his he has no pharmacy training or anything like that.
- 8:21Speaker 1: Just business stuff.
- 8:23Speaker 3: Yeah. Yeah, that's excellent. So, yeah, I can see some
- 8:27Speaker 3: beautiful pictures in your background there of your little family.
- 8:31Speaker 3: So happy little couple and a couple of kids. Is
- 8:35Speaker 3: that you just have one boy and one girl?
- 8:38Speaker 1: Yes, two kids. They've grown a little bit since this picture,
- 8:41Speaker 1: seventh grade and fourth grade. So in the midst of
- 8:45Speaker 1: the middle school years, which. Yeah.
- 8:48Speaker 3: And you evened up the teams with your daughter, so
- 8:50Speaker 3: you got two boys and two girls in the household.
- 8:53Speaker 3: That's perfect.
- 8:54Speaker 1: Yeah.
- 8:54Speaker 3: So when you think about your patients, you know, and
- 8:58Speaker 3: you've already given a really good detail of how well
- 9:01Speaker 3: you know them, I mean, beyond just dispensing or filling
- 9:04Speaker 3: a script, what is your pharmacy to them as a
- 9:08Speaker 3: general health care? Yeah.
- 9:10Speaker 1: Yeah. You know, for us, you know, we're a small
- 9:13Speaker 1: town in rural Mississippi. And for a lot of our patients,
- 9:18Speaker 1: they don't always have the means to get to the doctor,
- 9:22Speaker 1: you know. we're kind of that place that they are
- 9:26Speaker 1: going to call us first. If it's kind of borderline,
- 9:29Speaker 1: do I go, do I not go? Or if it's
- 9:31Speaker 1: an emergency type thing, a lot of times they'll call
- 9:34Speaker 1: us and they'll say, hey, this is what's going on.
- 9:37Speaker 1: What do you think? Is there anything I can do
- 9:38Speaker 1: before I go to the doctor? And we do what
- 9:43Speaker 1: we can to help them in that situation. I think
- 9:45Speaker 1: for us, people really trust us. And so, and I
- 9:51Speaker 1: think that goes for any pharmacy. I mean, your pharmacies are,
- 9:54Speaker 1: their pharmacists are trusted. And we have people come in
- 9:58Speaker 1: all the time that just want to talk about stuff
- 10:02Speaker 1: going on with their health, whether it's medication related or not.
- 10:06Speaker 1: And so sometimes when we can just kind of take
- 10:08Speaker 1: those few minutes and talk through it with them. they
- 10:11Speaker 1: feel better. A lot of times they're given lots of
- 10:15Speaker 1: information when they go to the doctor and we can
- 10:18Speaker 1: kind of just help them understand that a little better.
- 10:21Speaker 1: And even if we're not doing anything clinically for them
- 10:25Speaker 1: in that moment, just being that, that avenue that can
- 10:29Speaker 1: come in and talk it through, I think really goes
- 10:31Speaker 1: a long way with a lot of them. And that's
- 10:35Speaker 1: my fear of, you know, I'm sure we'll get into this,
- 10:38Speaker 1: but that's my fear. If we weren't here is who
- 10:40Speaker 1: was going to, who's going to do that for these people?
- 10:43Speaker 1: Because we, again, we're, we're in small town, Mississippi. There's
- 10:46Speaker 1: not a lot of options and you know, having access
- 10:51Speaker 1: to healthcare is a big deal. And, you know, we
- 10:55Speaker 1: just try to be there whenever we can for them. Yeah.
- 10:58Speaker 3: Do you think your patients would get that same level
- 11:03Speaker 3: of support from a chain or a national mail order pharmacy?
- 11:10Speaker 1: Absolutely not. You know, and I worked in a chain.
- 11:14Speaker 1: And so I always say like, They are really doing
- 11:17Speaker 1: the best they can, those people that are in the
- 11:19Speaker 1: pharmacy working, for what conditions they are working in. I
- 11:24Speaker 1: don't feel like patients should suffer because of that, because
- 11:29Speaker 1: of the corporate makeup and the things that they're the
- 11:32Speaker 1: way they're having to work. And so I do feel
- 11:35Speaker 1: like not that those people wouldn't be totally qualified to
- 11:38Speaker 1: do what I do or to be there for people
- 11:40Speaker 1: in that way, but.
- 11:42Speaker 4: They don't have the time and they're not going to
- 11:44Speaker 4: always take the time to do that.
- 11:46Speaker 1: And, you know, for us, we might be busy, too, but.
- 11:50Speaker 1: we're going to stop and we're going to, we're going
- 11:52Speaker 1: to make sure that person is taken care of. And,
- 11:55Speaker 1: you know, definitely not at a mail order. Goodness gracious.
- 11:58Speaker 1: They're never going to get, they might not even talk
- 12:00Speaker 1: to a live human being ever, you know? So. Right. Yeah.
- 12:05Speaker 3: I know all of our pharmacists and those in the
- 12:09Speaker 3: industry know this, but for anyone that's picking up the
- 12:12Speaker 3: audio of this podcast and just discovered it for the
- 12:16Speaker 3: first time, You know, our community pharmacists are the most
- 12:20Speaker 3: accessible healthcare providers in the country, been recognized as the
- 12:28Speaker 3: most trusted healthcare provider for the last 10 years running.
- 12:33Speaker 3: You're just accessible. They can walk up to the counter
- 12:35Speaker 3: and ask you a question when they've got a scratchy
- 12:37Speaker 3: throat or they're congested or they've got some weird skin rash,
- 12:41Speaker 3: and they're not going to get that kind of level
- 12:44Speaker 3: of service anywhere else. They certainly can't walk into a
- 12:48Speaker 3: doctor's office and ask those simple questions without an appointment.
- 12:52Speaker 3: But yeah, you're there for them every day that your
- 12:55Speaker 3: pharmacy is open. So that's amazing. Yeah, appreciate that. So
- 13:00Speaker 3: we want to get to know you a little bit
- 13:02Speaker 3: better about your personal preferences. Just some rapid fire here.
- 13:06Speaker 3: Are you an early bird or a night owl?
- 13:08Speaker 1: Oh, I'm more of an early bird.
- 13:10Speaker 3: Okay. And do you prefer the mountains or the beach?
- 13:15Speaker 1: More of a beach girl.
- 13:17Speaker 3: Okay. Yeah, you're a little closer to the beach than
- 13:18Speaker 3: the mountains there. And do you prefer coffee, tea, or
- 13:22Speaker 3: something else?
- 13:25Speaker 1: I love coffee in the mornings, but there's nothing better
- 13:28Speaker 1: than a Coke on ice from somewhere. So just a
- 13:31Speaker 1: real Coke.
- 13:32Speaker 3: Okay, yeah. Just down the road, Sonic there, do you
- 13:36Speaker 3: ever add any flavor and get some vanilla or something
- 13:38Speaker 3: like that when you're really feeling crazy?
- 13:40Speaker 1: If I'm feeling crazy, I'll get a little cherry in
- 13:42Speaker 1: there from time to time.
- 13:43Speaker 3: Okay. Yeah, it reminds me of my mom when she
- 13:48Speaker 3: was a teenager. was a soda jerk at a community pharmacy,
- 13:53Speaker 3: and she helped mix people's drinks way back before all
- 13:56Speaker 3: of these fancy places that do your whatever they're called,
- 14:01Speaker 3: dirty Dr. Peppers or whatever you get now with the
- 14:03Speaker 3: cream and all that and the cherry flavoring. So, yeah.
- 14:06Speaker 3: All right. I appreciate you letting me get to know
- 14:10Speaker 3: you a little better that way. Let's get into now
- 14:12Speaker 3: kind of the elephant in the room. That's the PBMs.
- 14:14Speaker 3: And when you first realized that PBMs had a significant
- 14:19Speaker 3: impact on how you could serve your patients, tell us
- 14:23Speaker 3: about that experience.
- 14:25Speaker 1: Yeah, I think, you know, when we became owners, it
- 14:28Speaker 1: was kind of a weird time because it was right
- 14:31Speaker 1: before COVID.
- 14:32Speaker 4: And so that first year I was just getting my.
- 14:35Speaker 1: Feet wet, trying to figure out really what I was
- 14:37Speaker 1: doing as far as being a pharmacy business owner. And
- 14:40Speaker 1: then we had COVID and it was just like, we're
- 14:43Speaker 1: just trying to make it from day to day. And
- 14:45Speaker 1: so I feel like I kind of was blinded by
- 14:49Speaker 1: those things and not really focusing on the PBMs that
- 14:52Speaker 1: were stealing from me all that time. And so when
- 14:56Speaker 1: I finally, you know, was able to breathe again and
- 14:59Speaker 1: realized what was happening, it was right in the middle
- 15:01Speaker 1: of all the DIRs fees that were just astronomical. And
- 15:06Speaker 1: so when I started calculating and looking at my reports
- 15:10Speaker 1: and seeing how much we had been paying in those
- 15:12Speaker 1: DLR fees over the past several years, I was just,
- 15:16Speaker 1: I couldn't believe it. I mean, it was shocking. And
- 15:19Speaker 1: to see how much they had increased year over year.
- 15:23Speaker 1: And so that's really when I started kind of just
- 15:27Speaker 1: looking despising what was happening and really kind of trying
- 15:32Speaker 1: to learn as much as I could about what was
- 15:35Speaker 1: going on. You know, and then after that, it really,
- 15:41Speaker 1: when the DIR fee, when those became where you couldn't
- 15:45Speaker 1: do them, you know, retroactively and it was all done
- 15:47Speaker 1: at the point of sale. And then we just started
- 15:49Speaker 1: seeing all these underwater payments and it just kind of
- 15:53Speaker 1: flip-flopped how they were, how they were doing it. And
- 15:57Speaker 1: it just was, maddening to me and that really is
- 16:03Speaker 1: probably when I really sucked my heels in and said
- 16:07Speaker 1: we're not going down without a fight and I'm not
- 16:09Speaker 1: gonna you know I'm not gonna sit here and not
- 16:12Speaker 1: try to do something about it but it just you
- 16:17Speaker 1: know it's tough I mean they they change the game
- 16:21Speaker 1: daily and it's like we're learning as we go but
- 16:24Speaker 1: you know I feel like we're just doing what we
- 16:27Speaker 1: can to try to try to make a difference.
- 16:30Speaker 3: Yeah. So did you isolate any specific medication that you
- 16:35Speaker 3: were dispensing regularly that was being dispensed below your, you know,
- 16:40Speaker 3: where you were losing money?
- 16:41Speaker 1: Yeah, we really, you know, of course, like with GLP-1s,
- 16:46Speaker 1: when those kind of hit the scene, you know, that...
- 16:50Speaker 1: really kind of put us in a hole, um, to
- 16:52Speaker 1: be just quite honest with you for many different reasons. Um,
- 16:56Speaker 1: you know, we weren't being paid for six to eight
- 16:58Speaker 1: weeks after we would fill them. And, um, then when
- 17:02Speaker 1: insurance did start picking them up, they're underpaying you a
- 17:05Speaker 1: hundred dollars on it, you know? And so we, I mean,
- 17:08Speaker 1: we basically, except for a couple of insurance insurances, we
- 17:12Speaker 1: stopped filling those period, you know, and it was, um,
- 17:16Speaker 1: it stinks because it's these great medications that people were
- 17:19Speaker 1: seeing a lot of success on, but we just couldn't
- 17:21Speaker 1: afford to do it. And we basically, most name brand medications, we,
- 17:29Speaker 1: all of my patients that are on name brands, we
- 17:31Speaker 1: have them synced. So we do MedSync and we don't
- 17:36Speaker 1: order those until it's time for them to, to have
- 17:39Speaker 1: them again. We make sure that we're, that we're profitable
- 17:42Speaker 1: on them. And if we're not, we have to have
- 17:45Speaker 1: that hard conversation with our patients and say, Hey, like
- 17:48Speaker 1: this is what's happening. And this is the truth about
- 17:51Speaker 1: what's happening. And, you know, I can help you get
- 17:54Speaker 1: it somewhere else, but I can't fill it for you here.
- 17:57Speaker 1: And that's a really, that's a really hard conversation to
- 18:01Speaker 1: have with someone that trusts you and that you want
- 18:05Speaker 1: to help, but you just can't, you can't, you can't.
- 18:08Speaker 1: And it's, It's awful.
- 18:11Speaker 3: Yeah. So, I mean, let's look at the reality of this.
- 18:14Speaker 3: You're asked as a pharmacist to dispense any prescription that
- 18:19Speaker 3: comes in, regardless of what you're going to get reimbursed
- 18:23Speaker 3: for that. But take that to any other small business.
- 18:26Speaker 3: If they were selling shovels and the People paying for
- 18:31Speaker 3: the shovel paid only half the cost of the shovel.
- 18:35Speaker 3: How long can they stay in business? I mean, it
- 18:37Speaker 3: just doesn't make sense whatsoever. But yet you as a
- 18:40Speaker 3: community pharmacy, you're expected to go ahead and dispense those
- 18:43Speaker 3: medications below your acquisition cost. Do you have a system
- 18:48Speaker 3: in place now that kind of helps you identify that
- 18:51Speaker 3: right at the point of sale where you can say, sorry,
- 18:54Speaker 3: I can't dispense this?
- 18:56Speaker 1: Yeah, so in our pharmacy system, I have a block
- 19:00Speaker 1: set up for anything that is below a certain threshold
- 19:05Speaker 1: that we take a second look at. That doesn't always
- 19:09Speaker 1: mean that I'm not going to dispense it or that
- 19:11Speaker 1: I am. It's just another kind of stop so that
- 19:16Speaker 1: we can look at it and see, does this make
- 19:18Speaker 1: sense or not to do it? And that has really
- 19:22Speaker 1: helped just kind of really to know what's really happening.
- 19:26Speaker 1: Because in a pharmacy, I mean, you're working 90 to
- 19:28Speaker 1: nothing sometimes and you're just pushing stuff out. And a
- 19:32Speaker 1: lot of that can kind of get by if you're
- 19:35Speaker 1: not being very diligent. And so that really helps us
- 19:40Speaker 1: kind of take a second look at it. I also
- 19:42Speaker 1: run reports every day that have anything that was dispensed
- 19:46Speaker 1: and filled below cost so that we can then go
- 19:49Speaker 1: and file MAC appeals with the ones that we're allowed
- 19:53Speaker 1: to in Mississippi. So we'll do that. I try to
- 19:57Speaker 1: do that daily or weekly as much as I can.
- 20:00Speaker 1: But again, that's tedious work. That takes a lot to do, too.
- 20:04Speaker 3: And it's putting a bandaid on the bullet hole, right?
- 20:07Speaker 3: Because it's only bringing you back up to the cost.
- 20:11Speaker 3: It doesn't cover any of your overhead whatsoever, just the
- 20:15Speaker 3: acquisition cost of the medication itself. You still have labor.
- 20:19Speaker 3: You still have your building that you're paying for, your utilities.
- 20:24Speaker 1: It's not making you whole, that's for sure. It's making
- 20:28Speaker 1: maybe you whole on the medication itself, but it's definitely
- 20:32Speaker 1: not making you whole all the way.
- 20:34Speaker 3: Plus your time. You're making negative dollars per hour when
- 20:39Speaker 3: you have to go do all that research and do
- 20:41Speaker 3: those appeals. Right.
- 20:43Speaker 1: Absolutely. Absolutely.
- 20:44Speaker 3: Wow. So again, you know, no other business is expected
- 20:48Speaker 3: to do that. You know, you look at just about
- 20:54Speaker 3: that same time that you bought your pharmacy was about
- 20:58Speaker 3: the time that a big PBM took over all of
- 21:01Speaker 3: the Department of Labor, DOL claims. So all those rural
- 21:06Speaker 3: postal workers in your area that may need a prescription
- 21:10Speaker 3: that maybe because they were walking for so many years
- 21:18Speaker 3: doing their mail delivery in the downtown area and they've
- 21:21Speaker 3: wore out their feet, that will fall under workers' comp. Well,
- 21:24Speaker 3: that reimbursement on DOL, Department of Labor, is minus 88%.
- 21:29Speaker 3: I mean, how can a pharmacy dispense that medication at
- 21:34Speaker 3: minus 88% of AWP? So I'm sure there's an access
- 21:39Speaker 3: issue too if pharmacists are smart like you and have
- 21:43Speaker 3: put those blocks in place and just say, hey, we
- 21:45Speaker 3: can no longer allow and dispense a medication at a loss.
- 21:49Speaker 1: Right. I think a lot of pharmacies, you know, for
- 21:53Speaker 1: a while we didn't want to, we just wanted to
- 21:56Speaker 1: push through and to say, well, it's going to be,
- 21:58Speaker 1: it's going to get better and it's going to be okay.
- 22:00Speaker 1: And nobody really wanted to talk about it or tell
- 22:03Speaker 1: your patients really what was happening with that. But, you know,
- 22:07Speaker 1: I think as time's gone on, we've all realized it's
- 22:11Speaker 1: not sustainable anymore. And we have to do these things
- 22:16Speaker 1: to make better decisions in our business.
- 22:20Speaker 3: Yeah, I brought up one example of access, right? So
- 22:24Speaker 3: these decisions that pharmacy benefit managers are making and how
- 22:30Speaker 3: that trickles down and affects the patients that they're supposed
- 22:33Speaker 3: to be serving. So access is one. Do you have
- 22:36Speaker 3: any other examples of real life situations where a patient
- 22:42Speaker 3: is now being affected by the policy of a PBM?
- 22:46Speaker 1: Yeah, I have one in particular that kind of sticks
- 22:49Speaker 1: out to me. I had a guy who has COPD
- 22:53Speaker 1: and he's on one of these expensive name brand inhalers.
- 22:57Speaker 1: We've been filling it for him every month. I think
- 23:00Speaker 1: his copay was around $ 60 a Um, he works here
- 23:04Speaker 1: in town at a factory, so he has commercial insurance
- 23:07Speaker 1: or his employer. Um, and we were fine. We were,
- 23:10Speaker 1: we were making a little money on it. Wasn't a
- 23:12Speaker 1: big deal. Um, one day he comes in and, you know,
- 23:16Speaker 1: we refill it and his copay had jumped to, I
- 23:20Speaker 1: believe it was like almost $ 500, like 486 or something
- 23:24Speaker 1: like that. And so I'm like, this does not make
- 23:27Speaker 1: any sense. So I start, you know, digging around, um,
- 23:31Speaker 1: Something had changed with his plan design and now he
- 23:34Speaker 1: was being penalized for using our pharmacy. He was going
- 23:38Speaker 1: to have to go to a chain in town or
- 23:40Speaker 1: get it through the mail. It was also the summer
- 23:42Speaker 1: and we're in Mississippi and it is hot in here.
- 23:45Speaker 1: And so nobody wants any mail, anything coming through the
- 23:49Speaker 1: mail that you really don't want to be melted, you know?
- 23:52Speaker 1: And so, but when all this kind of happened the
- 23:56Speaker 1: first time, it was a Friday and He was out,
- 24:00Speaker 1: and so he needed his medication. So he put that
- 24:03Speaker 1: $ 500 and something copay on his credit card. He could
- 24:08Speaker 1: not afford that. This is not the kind of guy
- 24:11Speaker 1: who has an extra $ 500 laying around. But it was
- 24:15Speaker 1: either that or I don't breathe. And so he bought
- 24:19Speaker 1: that inhaler and we ended up transferring it to the
- 24:22Speaker 1: other pharmacy once we realized where he could get it.
- 24:26Speaker 1: But what was he supposed to do in that situation?
- 24:30Speaker 1: It was either, you know, go without and risk, you know,
- 24:36Speaker 1: not being able to breathe literally or, you know, go
- 24:39Speaker 1: in the hole, this money that you don't have and
- 24:41Speaker 1: you may not be able to pay back. And, you know,
- 24:44Speaker 1: the funny thing is that even after we did all that,
- 24:46Speaker 1: we were now like $ 15 in the hole. We had,
- 24:50Speaker 1: we were still not, we still didn't profit enough to
- 24:53Speaker 1: cover the cost of the medication. And it's just like
- 24:57Speaker 1: makes you want to scream because, you know, it puts
- 25:00Speaker 1: the patient out. It puts us out. But ultimately, now
- 25:04Speaker 1: you have this patient who is scrambling, trying to figure
- 25:07Speaker 1: out what to do. And, you know, I'm sure that
- 25:11Speaker 1: employer and that insurance company, they were trying to do
- 25:14Speaker 1: the best they could to keep their costs low.
- 25:17Speaker 4: And sending that to that other pharmacy was the way
- 25:20Speaker 4: they were going to keep that cost low.
- 25:22Speaker 1: But what they don't get is that people don't want
- 25:24Speaker 1: to go to those other pharmacies. And in that moment,
- 25:27Speaker 1: he was going to pay that money because he had
- 25:29Speaker 1: to have it. And he knew he'd wait two days
- 25:31Speaker 1: going down the road. And so it just stuff like
- 25:36Speaker 1: that happens over and over all day long. And it's
- 25:39Speaker 1: just it's infuriating.
- 25:42Speaker 3: Yeah. So how much time do you think you and
- 25:44Speaker 3: your staff actually spend dealing with, you know, prior authorizations
- 25:48Speaker 3: or formulary issues or rejections?
- 25:52Speaker 1: So much time. I mean, it's, you know, there's never
- 25:55Speaker 1: really a quick fix. If you come, if something like
- 25:57Speaker 1: that happens, it's not really a simple, a simple deal.
- 26:01Speaker 1: I mean, you're spending 30 minutes trying to get something
- 26:05Speaker 1: resolved that may or may not be profitable or it
- 26:09Speaker 1: may not, may or may not even be affordable for
- 26:11Speaker 1: the patient either, you know. But I would say hours
- 26:15Speaker 1: a week where we're doing stuff like that. Yeah.
- 26:18Speaker 3: Yeah. And now what about audits? Have you had to
- 26:22Speaker 3: go through a PBM audit?
- 26:24Speaker 1: Yes. Yes. We've had, I've had several like desktop audits.
- 26:30Speaker 1: I had a big onsite audit last year. That was
- 26:32Speaker 1: my first real onsite audit. I have another one that
- 26:37Speaker 1: I was just hit with about a week ago, which
- 26:42Speaker 1: was very interesting timing, but that's a desktop audit, but
- 26:48Speaker 1: you know, it's, like the one I had last year
- 26:50Speaker 1: that was the on-site, the discrepancies that they found were
- 26:55Speaker 1: all clerical in nature where, you know, you, a doctor
- 26:59Speaker 1: writes for a quantity of one box. We know a
- 27:03Speaker 1: one box of insulin pens is 15 milliliters. You change
- 27:06Speaker 1: it to 15. We didn't write a note. We should have,
- 27:09Speaker 1: but we did not. And so now it's, you know, that's,
- 27:13Speaker 1: that's not okay. Um, I think total it would have
- 27:17Speaker 1: been about $ 50, 000 if they would have gotten back all
- 27:20Speaker 1: that they had audited us on. Luckily, I think we
- 27:24Speaker 1: got it down to about $ 1, 200. We were able to
- 27:26Speaker 1: appeal the majority of it. But, yeah, these audits, they're
- 27:31Speaker 1: not for what they say they are. They are a
- 27:36Speaker 1: way for them to make some money back on these
- 27:38Speaker 1: expensive medications that they're paying for.
- 27:40Speaker 3: Yeah, yeah. Yeah, that's, you know, all in the taking
- 27:46Speaker 3: care of the patient, right?
- 27:48Speaker 4: Right, right.
- 27:49Speaker 3: Speaking of taking care of the patient, how often have
- 27:52Speaker 3: you been, you know, filling a prescription for someone and
- 27:56Speaker 3: now it's not on formulary any longer? And do those
- 28:00Speaker 3: patients understand or do they think it's your fault?
- 28:04Speaker 1: You know, most times they do think that it's our
- 28:08Speaker 1: fault or that we've done something that now all of
- 28:10Speaker 1: a sudden it's not covered. you know, and it's hard
- 28:13Speaker 1: to explain. It's like, it was covered last month, but
- 28:16Speaker 1: I don't know why it's not covered this month, you know?
- 28:19Speaker 1: And I have gotten to now where I try to
- 28:22Speaker 1: really dig into it as much as time will allow
- 28:25Speaker 1: so that I can inform the patient exactly what's happening
- 28:28Speaker 1: so that if they feel like they need to go
- 28:30Speaker 1: complain to their employer or to, you know, their insurance company,
- 28:35Speaker 1: they feel empowered to do that. But it's, You know,
- 28:39Speaker 1: it's hard for someone who doesn't work in it every
- 28:42Speaker 1: day and they don't understand the jargon and the steps
- 28:47Speaker 1: and the nuances of an insurance claim. It's hard to
- 28:51Speaker 1: make it make sense because it does not make sense
- 28:55Speaker 1: a lot of times. I mean, even for us, it's
- 28:56Speaker 1: like this makes no sense whatsoever, but this is where
- 29:01Speaker 1: we are. So it's hard.
- 29:03Speaker 3: Let's put on the patient's shoes for just a minute.
- 29:05Speaker 3: You know, patient walks into the pharmacy. that they trust
- 29:09Speaker 3: and they know you tell them, Hey, we're here to
- 29:12Speaker 3: take care of this for you. And then you have
- 29:16Speaker 3: to tell them your insurance won't let us fill this anymore.
- 29:19Speaker 3: So what does that, what kind of strain does that
- 29:22Speaker 3: put on the pharmacy patient relationship?
- 29:25Speaker 1: It's, I mean, yeah, it's hard. I mean, they, you know,
- 29:30Speaker 1: They want to be there for you and understand, but
- 29:34Speaker 1: at the same time, they're still inconvenienced and they're still
- 29:37Speaker 1: not getting something that they need. And so, you know,
- 29:41Speaker 1: like us, as we've kind of been going through this
- 29:45Speaker 1: period of really advocating for our store and for our profession,
- 29:50Speaker 1: I've been very transparent with my patients about, hey, this
- 29:54Speaker 1: is what's going on. This is why certain things are happening.
- 29:58Speaker 1: And That helps for people to understand, but it doesn't
- 30:04Speaker 1: take away the bottom line, which is people need their medication.
- 30:09Speaker 1: And so as much as they may want to support
- 30:11Speaker 1: us and understand us, they're still going to be a
- 30:15Speaker 1: little irritated that they can't get something from us. And so,
- 30:18Speaker 1: you know, it's really, it's tough. And as an owner,
- 30:23Speaker 1: and I'm kind of an emotional type person and I
- 30:27Speaker 1: feel all the things all the time, but it makes
- 30:31Speaker 1: you wonder like, okay, well, I couldn't do this. Are
- 30:34Speaker 1: they going to take everything over here? Are they going
- 30:36Speaker 1: to be upset because we had to handle it this way?
- 30:39Speaker 1: And when you're a small business owner, you want to
- 30:43Speaker 1: help people and you want to to provide the service
- 30:46Speaker 1: that you say you can provide, especially if you're in
- 30:49Speaker 1: healthcare and you're a pharmacist. And when you can't do that,
- 30:53Speaker 1: you start wondering, okay, well, what does this mean for
- 30:56Speaker 1: future times that they come into the store? You know,
- 31:00Speaker 1: it's hard.
- 31:01Speaker 3: Yeah, it's the human cost, right? Not just to the patient,
- 31:05Speaker 3: but to the pharmacy. And when you look at, you know, the...
- 31:12Speaker 3: you know, the margin that used to be quite profitable
- 31:16Speaker 3: for a community pharmacy to dispense and that being eroded
- 31:21Speaker 3: away to being, you know, razor thin now, that means
- 31:27Speaker 3: that you have to start cutting some of the other
- 31:29Speaker 3: services just to survive. Maybe you have to reduce the
- 31:32Speaker 3: hours that you're open or the hours that you have
- 31:35Speaker 3: help so you're not the only one behind the bench
- 31:39Speaker 3: running your own business, but, you know, you want to pay...
- 31:42Speaker 3: for a tech to help occasionally, but now you got
- 31:44Speaker 3: to reduce those hours. Or even ultimately what I see
- 31:49Speaker 3: on a daily basis, and that's pharmacies closing because they
- 31:54Speaker 3: cannot survive any longer at these low margins. That becomes
- 32:02Speaker 3: a bigger effect on human capital than just the pharmacy,
- 32:06Speaker 3: but now those patients that they serve. You're in an
- 32:10Speaker 3: area where your pharmacy isn't around, where do your patients go?
- 32:16Speaker 3: Is there one other option or do they have to
- 32:18Speaker 3: go to the next town over? Yeah.
- 32:21Speaker 1: So, you know, we do have several pharmacies. To be
- 32:24Speaker 1: a small town, we do have several. But in saying that,
- 32:30Speaker 1: the independents, we're all in the same boat. You know,
- 32:33Speaker 1: we're all fighting the same fight. And, you know, we
- 32:39Speaker 1: have Two chains, one of them, sometimes there's not even
- 32:43Speaker 1: a pharmacist there. I mean, they can't keep it staffed,
- 32:45Speaker 1: you know, and they're days behind. And, you know, we
- 32:50Speaker 1: have a lot of smaller, even smaller communities outside of
- 32:55Speaker 1: our town that come to us because there aren't pharmacies
- 32:58Speaker 1: in their town. And so if we're gone, they're going
- 33:02Speaker 1: to be driving even further. And a lot of times
- 33:06Speaker 1: they're already driving 15 miles, 15, 20 miles to get here.
- 33:11Speaker 1: And so then it's now where do they go? You know,
- 33:14Speaker 1: we're in the Mississippi Delta. There are some counties that
- 33:17Speaker 1: don't have a pharmacy, period, or they have one. And,
- 33:20Speaker 1: you know, that is, what are they going to do?
- 33:24Speaker 1: I mean, we have, I mean, there's a story of
- 33:27Speaker 1: a guy in this small Delta town around here. He
- 33:33Speaker 1: walks 45 minutes to his pharmacy every day or when
- 33:38Speaker 1: he needs to come to the pharmacy because He doesn't
- 33:41Speaker 1: have transportation. It's the closest pharmacy. And he walks to it.
- 33:46Speaker 1: And that is what it looks like in Mississippi is
- 33:49Speaker 1: that there are people who are walking to get their medication.
- 33:52Speaker 1: And when that pharmacy is not there, he literally has
- 33:56Speaker 1: no other option. And it just it's it's awful. Wow.
- 34:01Speaker 3: Then you pointed out that the summer months, it can
- 34:04Speaker 3: be brutal. Not just the heat, but the humidity just
- 34:08Speaker 3: cuts right through you.
- 34:09Speaker 1: Yeah. Yeah.
- 34:12Speaker 3: Spent 12 years in the Delta area, a little further
- 34:16Speaker 3: north than you up in Germantown, Tennessee. But I've never
- 34:21Speaker 3: been colder in the winter because of the moisture or
- 34:25Speaker 3: hotter in the summer. And I, you know, I live
- 34:28Speaker 3: in Phoenix, Arizona now. So it's like, OK, wait a minute.
- 34:32Speaker 3: But it's a different heat, totally different heat.
- 34:34Speaker 1: Totally. It's hard to make people understand. That humidity and
- 34:38Speaker 1: that wetness does something to all of us.
- 34:40Speaker 3: Yeah, it cuts right to the bone, as they say.
- 34:44Speaker 3: The FTC reported that the three largest PBMs process nearly
- 34:51Speaker 3: 80% of the prescriptions by design, right? So there's quite
- 34:56Speaker 3: a monopoly there. And when you look at competing against that,
- 35:02Speaker 3: especially when it comes to steering, How many times have
- 35:05Speaker 3: you seen patients bring a letter in because they may
- 35:10Speaker 3: be on a maintenance medication and it looks like they
- 35:12Speaker 3: can't pick that up from your pharmacy anymore? Does that
- 35:15Speaker 3: happen regularly?
- 35:16Speaker 4: Oh, yes.
- 35:17Speaker 1: All the time. All the time. We'll hear they'll get
- 35:20Speaker 1: a letter or, you know, we'll even get a rejection
- 35:24Speaker 1: at the store that says they've maxed out how many
- 35:26Speaker 1: times they can fill it here. You know, we see it.
- 35:31Speaker 4: All every day.
- 35:33Speaker 3: Wow. Yeah, I, for a while, was on a, I
- 35:36Speaker 3: like spicy foods, and so I was on a nomeprazole
- 35:40Speaker 3: to kind of help keep the acid reflux down, not
- 35:44Speaker 3: realizing that it was also deteriorating my bones, so I
- 35:47Speaker 3: had to do something different. But yeah, for that short
- 35:51Speaker 3: little while, you know, I got the letter from my
- 35:55Speaker 3: PBM stating that my only option, it looked like it was,
- 36:00Speaker 3: my only option was to get through their mail order pharmacy.
- 36:05Speaker 3: And it took me four phone calls and a couple
- 36:09Speaker 3: of hours of my time that I'll never get back
- 36:12Speaker 3: just to get that removed and say, no, I will not.
- 36:15Speaker 3: And I'll continue to use my community pharmacy to get
- 36:18Speaker 3: my refills. But they made it painful, very painful to
- 36:22Speaker 3: get out, to opt out of that drop ship. Yeah.
- 36:28Speaker 1: Makes no sense, but yeah. perfect sense when you own
- 36:31Speaker 1: 80% of the market share.
- 36:32Speaker 3: So. Do you think that patients understand that, or is
- 36:36Speaker 3: there an opportunity here to help educate patients about that monopolistic, um,
- 36:41Speaker 3: directing or steering that, that PBMs are doing?
- 36:45Speaker 1: I don't think that patients fully understand, um, you know,
- 36:49Speaker 1: all the different ways that they are being influenced one
- 36:53Speaker 1: way or the other to, to go to certain pharmacies. Um,
- 36:57Speaker 1: You know, I know like around here, they know PBM
- 36:59Speaker 1: reform and kind of, you know, we need PBM reform
- 37:03Speaker 1: to stay alive and to keep our doors open. But
- 37:06Speaker 1: knowing kind of what that is and what is happening
- 37:10Speaker 1: to need that, they don't understand that, you know. And
- 37:14Speaker 1: a lot of times, you know, we'll have patients who
- 37:16Speaker 1: do get those letters. And they don't know they can
- 37:19Speaker 1: call me and say, hey, is this for real? Like,
- 37:22Speaker 1: can I still use you and let us talk them
- 37:25Speaker 1: through it? They'll just transfer their stuff because, again, people
- 37:30Speaker 1: need their medications and they won't. I mean, they they're
- 37:33Speaker 1: living paycheck to paycheck and they need to save what
- 37:36Speaker 1: money they can. And they think that's their only option, which.
- 37:41Speaker 1: It's very frustrating but understandable to a degree, too, because
- 37:44Speaker 1: they don't know that sometimes they have other options. And
- 37:48Speaker 1: they surely don't understand that there's just three companies that
- 37:53Speaker 1: are making all the rules for all of us. They
- 37:56Speaker 1: don't fully get that.
- 37:58Speaker 3: Is Mississippi a directing state or can patients not be
- 38:03Speaker 3: steered in your state?
- 38:05Speaker 1: They can be steered.
- 38:06Speaker 3: They can be.
- 38:07Speaker 1: Okay. Okay.
- 38:08Speaker 3: Yeah, so that's another thing when we get into what
- 38:11Speaker 3: I want to talk about next, what does real reform
- 38:14Speaker 3: look like? That steering is one of those issues, I'm sure. So,
- 38:20Speaker 3: you know, let's assume Congress and your state representatives actually
- 38:25Speaker 3: do want to fix PBMs. What are the top three
- 38:28Speaker 3: things on your bucket list that need to be done
- 38:32Speaker 3: for accomplishing PBM reform for you personally and in your state?
- 38:38Speaker 1: Yeah. I think number one is being paid a fair,
- 38:43Speaker 1: transparent price that includes a professional dispensing fee. That is
- 38:51Speaker 1: a big buzzword here in Mississippi. Dispensing fee really makes
- 38:55Speaker 1: people angry. But I do feel like that having a
- 39:01Speaker 1: standardized price structure that is transparent is critical for us
- 39:07Speaker 1: to move forward. Also, I mean, steering is huge. I
- 39:11Speaker 1: think that patients having the freedom to choose the pharmacy
- 39:17Speaker 1: of their choice and not be penalized for it, that
- 39:21Speaker 1: not only helps the pharmacy, but that also helps the
- 39:23Speaker 1: patient be able to use who they want to. And
- 39:26Speaker 1: I do think that, you know, for here in Mississippi,
- 39:33Speaker 1: you know, there's some audit language that I would like
- 39:35Speaker 1: to see kind of tightened up as far as, excuse me,
- 39:40Speaker 1: not audit language, but appeal language, MAC appeal language that
- 39:47Speaker 1: would help kind of close those loopholes, I guess, on
- 39:52Speaker 1: some of the MAC appeal process where, you know, you
- 39:55Speaker 1: don't have to appeal it every single time you fill it,
- 39:59Speaker 1: that we would maybe get a, you know, a little
- 40:02Speaker 1: bit of reimbursement for a one appeal to kind of
- 40:05Speaker 1: pay you back for your time and your labor and
- 40:09Speaker 1: your rent and all the things we talked about earlier.
- 40:12Speaker 1: Those would probably be my biggest, you know, My biggest things,
- 40:19Speaker 1: I could go on and on, but I would take
- 40:22Speaker 1: those and be okay for a little while.
- 40:24Speaker 3: Yeah. If you could sit across the table from the
- 40:29Speaker 3: ultimate decision maker at a PBM, what would be your
- 40:33Speaker 3: message to them? What would you want to accomplish in
- 40:35Speaker 3: that meeting?
- 40:36Speaker 1: Oh, gosh. I think that.
- 40:42Speaker 1: I try to bring my perspective from the human side
- 40:46Speaker 1: and from the real life, what's actually happening, emotional side
- 40:52Speaker 1: of things. And it's not about protecting me and my pharmacy.
- 40:59Speaker 1: It's not about making sure that I make a profit
- 41:01Speaker 1: and making a guarantee that I'm going to be profitable
- 41:04Speaker 1: in my business. It's about... putting me on the same
- 41:11Speaker 1: playing field as every other pharmacy so that we can compete,
- 41:16Speaker 1: that we can, you know, show ways why patients want
- 41:20Speaker 1: to come to us that's outside of pricing and outside of,
- 41:23Speaker 1: you know, how we're being reimbursed. It's the service that
- 41:27Speaker 1: we can provide. You know, we just want to have
- 41:31Speaker 1: the opportunity to, to compete and to win people's business
- 41:35Speaker 1: and to take care of them. And, you know, That's
- 41:39Speaker 1: really what it boils down to because there's patients out
- 41:42Speaker 1: there who trust us, who need us, and when they're
- 41:45Speaker 1: making decisions that only benefit themselves, you're going to end
- 41:50Speaker 1: up with zero pharmacies in towns and a whole lot
- 41:55Speaker 1: of people who aren't taking their medications because they can't
- 42:00Speaker 1: get them. Their health is going to decline. Not to
- 42:04Speaker 1: mention the employer that has hired that PBM, their costs
- 42:06Speaker 1: are probably going to go way up because now they're
- 42:08Speaker 1: paying for hospital visits and doctor visits and all the things.
- 42:12Speaker 1: And so it's a slippery slope, and we're not trying
- 42:15Speaker 1: to gain any kind of advantage. We just want it
- 42:20Speaker 1: to be fair and in a marketplace that we actually
- 42:24Speaker 1: can compete in.
- 42:26Speaker 3: Yeah, beautifully said. I appreciate you covering that. And, you know,
- 42:30Speaker 3: when you look at it, especially from the patient perspective,
- 42:33Speaker 3: standpoint and best taking care of them instead of the financial,
- 42:37Speaker 3: which is what, you know, unfortunately, these multi-billion dollar PBMs
- 42:41Speaker 3: are looking at the financial side of it, not the
- 42:44Speaker 3: individual patient. So for patients who want access to medication
- 42:48Speaker 3: from a pharmacy that they trust, I guess the question
- 42:52Speaker 3: here that that's kind of the $ 65 million question, right?
- 42:57Speaker 3: Does the current PBM system help that relationship or do
- 43:01Speaker 3: they just get in the way?
- 43:05Speaker 1: You know, I feel like I've never been closer to
- 43:09Speaker 1: my patients because they're supporting us right now and they
- 43:12Speaker 1: have our back. But at the end of the day,
- 43:16Speaker 1: the PBMs are not letting us take care of people
- 43:21Speaker 1: the way that they deserve to be taken care of.
- 43:24Speaker 1: And that's a shame.
- 43:26Speaker 4: And I, as a healthcare provider, all I want to
- 43:29Speaker 4: do is take care of people.
- 43:30Speaker 1: That's why I got into this business. But we are
- 43:33Speaker 1: being forced to make decisions that are maybe business-like in
- 43:39Speaker 1: nature that totally disregards what it's going to do to
- 43:43Speaker 1: the patient.
- 43:44Speaker 4: But you're left feeling like those are your only options.
- 43:47Speaker 1: Either you do this and you keep your lights on
- 43:49Speaker 1: another month, or you do this, and what's really better
- 43:52Speaker 1: for the patient, but it's going to do you under.
- 43:55Speaker 3: Yeah.
- 43:56Speaker 1: We shouldn't be put in that position. We haven't just
- 43:59Speaker 1: all of a sudden forgotten how to run a business.
- 44:02Speaker 1: I mean, I've talked to pharmacists all the time who've
- 44:04Speaker 1: been in business 40, 50 years that are ready to
- 44:09Speaker 1: retire and they can't now because they've used all of
- 44:13Speaker 1: their savings to keep their business afloat. They knew how
- 44:16Speaker 1: to run a business, but it's an impossible situation. And
- 44:22Speaker 1: it just isn't right. It's not right. I could go
- 44:27Speaker 1: forever about it.
- 44:28Speaker 3: Well, in closing, is there any other point that you'd
- 44:31Speaker 3: hope to cover on today's podcast that we haven't gotten to?
- 44:36Speaker 1: I think the only thing is that, you know, people
- 44:40Speaker 1: who know me outside of kind of my little pharmacy bubble,
- 44:44Speaker 1: you know, speaking out about what was going on was not,
- 44:48Speaker 1: was very outside of my normal kind of thing that
- 44:51Speaker 1: I normally do. But I think that it's really important
- 44:55Speaker 1: that we have a voice and we need to use it.
- 44:59Speaker 1: We need to be part of the solution. You know,
- 45:02Speaker 1: if we're just sitting around hoping that somebody else is
- 45:04Speaker 1: going to fix the problem, you know, we can't, we
- 45:07Speaker 1: can't do that anymore. We can't afford to be on
- 45:09Speaker 1: the sidelines. And so while pharmacists are naturally kind of
- 45:14Speaker 1: more introverted and, you know, like to just kind of people, please,
- 45:20Speaker 1: we've got to, we've got to do what we can.
- 45:21Speaker 1: And so I would just encourage folks to, you know,
- 45:25Speaker 1: to use your voice in whatever way suits you, but
- 45:28Speaker 1: being quiet about it is not going to make it
- 45:30Speaker 1: go away. Yeah. Well, Dr.
- 45:32Speaker 3: Jones, thank you so much for being our guest today
- 45:35Speaker 3: and coming on the PBM reform podcast and visiting with me.
- 45:38Speaker 3: It's been great to get to know you better and
- 45:40Speaker 3: appreciate your insights. Keep doing what you're doing. I keep
- 45:44Speaker 3: being vocal because I know it does take you out
- 45:46Speaker 3: of your comfort zone, but you're doing good work. So
- 45:49Speaker 3: thank you so much.
- 45:51Speaker 1: I appreciate it so much.
- 45:52Speaker 3: And I want to thank everybody for joining the PBM
- 45:55Speaker 3: Reform podcast here on the Pharmacy Podcast Network. And to
- 45:59Speaker 3: everyone listening, if you're a pharmacy owner, a pharmacist, or
- 46:02Speaker 3: a patient who has had an experience that you've been
- 46:05Speaker 3: impacted by PBM firsthand, we want to hear your story
- 46:10Speaker 3: because reform starts by making those stories impossible to ignore.
- 46:16Speaker 3: Thanks again, everyone, and have a wonderful rest of your day.