Latest / Pharmacy Podcast Network / NOW, NEW, NEXT: NACDS TSE 2025 | Live Recap Part One
Transcript
- 0:07Speaker 1: You are listening to the Pharmacy Podcast Network.
- 0:26Speaker 2: Welcome to the Pharmacy Podcast Network special coverage of the
- 0:29Speaker 2: NACDS Total Store Expo, the largest gathering of retailers and
- 0:34Speaker 2: suppliers in the health and wellness industry. This year, the
- 0:37Speaker 2: PPN partnered with key Source and Nimble RX and interviewed
- 0:40Speaker 2: key leaders in retail pharmacy and the impact they're making
- 0:43Speaker 2: on public health. Here's part one of our three part
- 0:46Speaker 2: series covering the Total Store Expo twenty twenty five from
- 0:49Speaker 2: San Diego, which took place on August twenty third. Through
- 0:52Speaker 2: the twenty.
- 0:52Speaker 3: Fifth NACDS twenty twenty five Total Store Expo. I'm here
- 0:57Speaker 3: with Andy Crawford at the key Source booth.
- 1:00Speaker 4: Andy, great to see.
- 1:01Speaker 5: You you too.
- 1:02Speaker 6: Tak it starts today, it does start. It's going to
- 1:05Speaker 6: be a great meeting. So really excited about it.
- 1:07Speaker 3: I'm excited to be here. I'm excited to be in
- 1:09Speaker 3: your booth. What a gorgeous booth. Lots of vendors that
- 1:13Speaker 3: are set up getting ready for this big day. So
- 1:16Speaker 3: talk to us about what you're most excited about here
- 1:18Speaker 3: at the Total Store expect.
- 1:20Speaker 6: You know, it's great to see some faces that are
- 1:23Speaker 6: familiar and some new faces.
- 1:25Speaker 5: So always great to.
- 1:26Speaker 6: Meet with our current customers, talk through some solutions oriented
- 1:30Speaker 6: processes and just where the industry is today. And then
- 1:33Speaker 6: for the new ones that our perspective, just to get
- 1:35Speaker 6: to know them, tell them about what we offer as
- 1:39Speaker 6: a supplier partner, and you know, quite honestly, just to
- 1:42Speaker 6: get a great pulse in the industry, not only just
- 1:45Speaker 6: for key Source, but all the stakeholders.
- 1:47Speaker 3: So talk to me about key Source just in case
- 1:50Speaker 3: listeners aren't aware. Talk to us about your history and
- 1:54Speaker 3: now you're positioning today, especially for chain pharmacy. That's the theme,
- 1:58Speaker 3: that's what we're doing today.
- 1:59Speaker 6: Sure, yeah, well, you know, it's twenty five years in
- 2:02Speaker 6: the making. So you know, Keyser started out as a smaller, regional,
- 2:06Speaker 6: privately owned company mainly servicing independence throughout the region of
- 2:11Speaker 6: the Northeast and the East Coast, and grown you know
- 2:14Speaker 6: up until just recently. Now obviously we're a national wholesaler
- 2:18Speaker 6: hitting all fifty states, and real growth in the regional
- 2:23Speaker 6: chain space over probably the last four to six years,
- 2:27Speaker 6: both those that self distribute and those that need direct
- 2:31Speaker 6: store service. So I think, you know, the big advantage
- 2:34Speaker 6: we bring is we're you know, small enough to be agile,
- 2:38Speaker 6: but big enough to be able to make a value
- 2:39Speaker 6: impact for our customers.
- 2:41Speaker 4: I love it.
- 2:42Speaker 3: We're going to be hearing a lot more from you
- 2:44Speaker 3: here at the ANACDS and Total Store Expo. Can't wait
- 2:48Speaker 3: to have some follow up. Andy, you really have some
- 2:49Speaker 3: good insight for us. Appreciate it, Hey, Armand I want
- 2:59Speaker 3: you to enter use yourself to the listeners here at
- 3:01Speaker 3: the NACDS Total Store Expo.
- 3:04Speaker 7: Always a pleasure to be with you. Rman and Marie
- 3:08Speaker 7: with Salvatory Scott. We represent a lot of the over
- 3:12Speaker 7: the counter consumer product goods brands for the Pharmacy Drug Channel.
- 3:18Speaker 3: So you and I were talking yesterday before the event
- 3:22Speaker 3: started and you were kind of like we were having
- 3:25Speaker 3: a discussion about lost opportunity, and that is we have
- 3:28Speaker 3: our prescription. That's really the center of what pharmacist cares
- 3:32Speaker 3: all about.
- 3:33Speaker 8: The physician issues it. That's terrific.
- 3:35Speaker 3: However, there are things that are happening ancillary around the
- 3:39Speaker 3: patient that can supplement their life and supplement what they're on,
- 3:43Speaker 3: for example GLP ones and diabetes management or hypertension. Talk
- 3:48Speaker 3: to us about your organization and how you're helping pharmacy,
- 3:53Speaker 3: chain pharmacies, independent pharmacies to leverage the concept of the
- 3:57Speaker 3: three sixty degree around a patient and which includes supplements,
- 4:01Speaker 3: which is going to help to increase revenue.
- 4:03Speaker 4: I love the way you position that.
- 4:05Speaker 7: The way we try to look at it is how
- 4:08Speaker 7: do we support our pharmacists and our providers in ensuring
- 4:12Speaker 7: that they are best equipped to support their patients total health.
- 4:17Speaker 7: And historically it's always been about what is the issue
- 4:21Speaker 7: at hand today and how do we solve that problem?
- 4:23Speaker 7: But as we look at consumers today and patients today,
- 4:26Speaker 7: they're way more focused on how do I get ahead
- 4:28Speaker 7: of that in being well rather than getting well? And
- 4:32Speaker 7: so we try to support our independent and chain pharmacies,
- 4:37Speaker 7: the pharmacistem providers in bringing a total package of health.
- 4:41Speaker 7: For example, as you mentioned GLP ones, one thing that
- 4:44Speaker 7: the providers generally call out is GLP ones have a
- 4:48Speaker 7: lot of side effects and can you be proactive in
- 4:51Speaker 7: letting your patients know that when we prescribe and fill
- 4:55Speaker 7: a GLP one?
- 4:57Speaker 4: What are some of the side effects you could face?
- 4:58Speaker 8: Could you face nausea?
- 5:01Speaker 9: Ye?
- 5:01Speaker 5: Could you face?
- 5:03Speaker 7: Or an antibiotic If we're filling antibiotics, how are we
- 5:06Speaker 7: gonna help to ensure that the gut health is help,
- 5:08Speaker 7: you know, is taken care of. And so in those examples,
- 5:12Speaker 7: we might recommend that while you fill the prescription, you
- 5:17Speaker 7: also either have on your counter or you discuss with
- 5:19Speaker 7: the patient do they need dramamine, do they need c
- 5:24Speaker 7: band to wear? Or are they gonna want Flora Store
- 5:28Speaker 7: so that their gut health is you know, protected because
- 5:32Speaker 7: the antiotics is gonna kill all of those you know,
- 5:34Speaker 7: the good and the bad. And so if you have
- 5:37Speaker 7: a yeast based gut health product like flor Store, then
- 5:41Speaker 7: you're protected and you're keeping your total body health in mind.
- 5:46Speaker 7: And the pharmacist is really the front lines in bringing
- 5:50Speaker 7: that to the patient's immediately when they're filling that prescription
- 5:56Speaker 7: rather than when that patient is dealing with the side
- 5:59Speaker 7: effect later. Yes, and so that's what we try to do,
- 6:02Speaker 7: is bring those brands forefront for the patients and consumers
- 6:06Speaker 7: through the provider and pharmacist.
- 6:07Speaker 4: I love it.
- 6:08Speaker 3: So I've seen some of our independence and chains will
- 6:12Speaker 3: will put a bag stuffer. It'll be just a folded
- 6:15Speaker 3: piece of paper that it'll have a QR code or
- 6:18Speaker 3: something and it'll say, hey, you're on GOPE scan this.
- 6:21Speaker 3: When it scans it, it takes them to their website
- 6:23Speaker 3: and there's like a whole package of stuff that now
- 6:27Speaker 3: they can enroll in. And the reason why I want
- 6:30Speaker 3: our pharmacy operators to do this, do something like this
- 6:34Speaker 3: and be as creative as you want, is your patients
- 6:36Speaker 3: are going out to Amazon and spending that money anyway, right,
- 6:39Speaker 3: so why aren't you getting that money?
- 6:41Speaker 7: You know, for a long time, pharmacists have thought of
- 6:45Speaker 7: sell as a bad four letter word. And what we
- 6:48Speaker 7: try to say is what you just hit on, Todd,
- 6:50Speaker 7: is it's not that you're selling them a product, is
- 6:53Speaker 7: that you're proactively communicating what they are going to go
- 6:57Speaker 7: home and as you said, try.
- 6:59Speaker 8: To self educate on they're going to doctor Google.
- 7:01Speaker 7: That's exactly right, and we'd rather them get it from
- 7:04Speaker 7: a trusted source. And number one or number two always
- 7:07Speaker 7: most trusted person is going to be your pharmacist. And
- 7:09Speaker 7: so why not proactively tell them, Hey, if you happen
- 7:13Speaker 7: to need this type of solution, here's what I would
- 7:17Speaker 7: recommend for you, rather than letting them go find a
- 7:20Speaker 7: source that isn't as trusted.
- 7:23Speaker 4: So I love the way you frame that.
- 7:24Speaker 3: All Right, we're in San Diego at the NACDS Total Strexpo.
- 7:29Speaker 3: What do you like about coming to the TSE.
- 7:32Speaker 7: This right, honestly, like one of the best things that
- 7:35Speaker 7: we experience is getting to interact and learn. What I
- 7:39Speaker 7: find in healthcare in general is one of my favorite things.
- 7:43Speaker 7: Is how wonderful it is to bring new, disparate offerings
- 7:49Speaker 7: together to have something uniform and new. So it's a
- 7:52Speaker 7: weakness in healthcare and it's a strength and healthcare. The
- 7:54Speaker 7: more we're able to engage with our providers and pharmacists
- 7:58Speaker 7: and bring multiple disc Barrett solutions together for that patient,
- 8:02Speaker 7: the better we are for total health, for everyone's health.
- 8:05Speaker 7: And then an a CDs does just a wonderful job
- 8:07Speaker 7: of bringing us all together.
- 8:08Speaker 3: Armand is so good to see. You can't wait to
- 8:10Speaker 3: have you got to get you on this week in pharmacy.
- 8:12Speaker 4: Yeah, I'm looking forward to it all right.
- 8:14Speaker 8: Thank you absolutely.
- 8:23Speaker 3: Hey where you are here with AFT Pharmaceuticals Campbell Atkinson.
- 8:27Speaker 3: Never met you, first time meeting you here at any CDs.
- 8:30Speaker 8: How are you?
- 8:31Speaker 10: Yeah, I'm going great to Yeah, no, no, having a
- 8:33Speaker 10: great time at conference. It's been awesome over here from
- 8:35Speaker 10: New Zealand. We're in New Zealand based pharmaceutical company. Now
- 8:39Speaker 10: just kind of coming into the US and you know,
- 8:41Speaker 10: having some fun out at conference, meeting some you know,
- 8:43Speaker 10: big players in the market, and it's been a great
- 8:46Speaker 10: experience so far.
- 8:47Speaker 3: Excellent. So talk to me about the compounds, talk to
- 8:49Speaker 3: me about the products.
- 8:51Speaker 10: Yeah, absolutely, So we're at NACDS kind of promoting a
- 8:54Speaker 10: liposomal range. We get a liposomal range of vitamins. We
- 8:57Speaker 10: get a vitamin C, a vitamin D, and an I'm
- 8:59Speaker 10: probablyduct got a natural digestive product, kiwisooth made from Kiwi
- 9:04Speaker 10: fruit kind of you know, packed into chillbl tablets. Kiwi
- 9:08Speaker 10: fruit has a natural enzyme actinident, which is the prote
- 9:12Speaker 10: elytic enzyme. Helps with the breakdown of proteins. You know,
- 9:16Speaker 10: real real good angles there with people on proton pump
- 9:18Speaker 10: inhibitors GLP ones and things like that, and it's great,
- 9:21Speaker 10: you know, natural natural product to address a lot of
- 9:25Speaker 10: those issues.
- 9:25Speaker 4: Yep.
- 9:26Speaker 3: Now, did you have also a product that you were
- 9:29Speaker 3: talking before we were recording. That's a it's a pain
- 9:32Speaker 3: management product.
- 9:33Speaker 5: Yeah, yeah, no, that's right, that's right.
- 9:35Speaker 10: So we've got a centiment off an ibuprofen combination product.
- 9:39Speaker 10: It's an RX product. It's coming to market Q one
- 9:42Speaker 10: next year. We license license that product through Heegma Pharmaceuticals
- 9:48Speaker 10: and we're really really excited about that.
- 9:50Speaker 3: Excellent. All right, what else can you share with our
- 9:53Speaker 3: listeners in engaging with you? We're going to have in
- 9:56Speaker 3: the show notes a way to connect with Campbell. Are
- 10:00Speaker 3: you on LinkedIn by the way?
- 10:01Speaker 5: Yeah?
- 10:01Speaker 10: Yeah, absolutely, I'm on LinkedIn Campbell Atkinson.
- 10:04Speaker 5: You'll find me on there.
- 10:06Speaker 10: And yet Yeah, I mean, if you've got a moment,
- 10:08Speaker 10: I'd love to discuss a little bit about LiPo zomal technology.
- 10:10Speaker 10: I feel like it's pretty new to market. We've been
- 10:12Speaker 10: having a lot of conversations with a lot of people
- 10:14Speaker 10: and kind of you know, educating. I'm on that and
- 10:16Speaker 10: it's really kind of some impressive technology.
- 10:19Speaker 3: Yeah, tell me tell our listeners about that.
- 10:21Speaker 5: Share that Yeah, absolutely, absolutely So.
- 10:24Speaker 10: Basically with the life of zomal technology, it's a you know,
- 10:28Speaker 10: these vitamins and minerals are encapsulated and what's called a
- 10:31Speaker 10: phosphorl lipid bilayer. Really it's just like a fatty membrane
- 10:35Speaker 10: and that X is a protective barrier, so it protects
- 10:38Speaker 10: the vitamin and mineral from getting broken down in your cut,
- 10:41Speaker 10: and it's got an alternate route to be absorbed through
- 10:44Speaker 10: the lymphatic system. And we've got some really good data
- 10:46Speaker 10: as well in the case of our vitamin C and
- 10:48Speaker 10: the vitamin D with eighty percent higher absorption and four
- 10:52Speaker 10: times higher absorption respectively. And you know with the iron
- 10:56Speaker 10: as well, plenty of people taking iron supplements with GI
- 11:00Speaker 10: upset that kind of thing, and that can be pretty nasty.
- 11:04Speaker 10: But again with that protective, protective carrier it, you know,
- 11:08Speaker 10: it doesn't get broken down in the cup. People don't
- 11:10Speaker 10: end up with those GI upsets.
- 11:12Speaker 3: And yeah, I think of pregnant women too who need iron.
- 11:16Speaker 5: Oh absolutely absolutely.
- 11:18Speaker 10: And you know you get people that have stained from
- 11:21Speaker 10: taking their iron supplements because of what it does to
- 11:23Speaker 10: the card or they leaning on things like IP infusions
- 11:25Speaker 10: every few months, and so it's a great alternative for
- 11:30Speaker 10: those kinds of people and just keeping those iron levels
- 11:33Speaker 10: tip top.
- 11:35Speaker 3: So this is exciting. So quarter one of twenty twenty six.
- 11:39Speaker 10: Quarter one of twenty twenty six will be launching the
- 11:42Speaker 10: Combo Jesic tablets. Yeah, absolutely, Yeah, but we've launched the
- 11:45Speaker 10: LiPo schets now available on Amazon in that installed distribution
- 11:49Speaker 10: league now and that's kind of what's caught us a conference.
- 11:52Speaker 3: All right, if you're listening and you're interested in these products,
- 11:55Speaker 3: please go to our show notes. There's going to be
- 11:58Speaker 3: a link to get ahold of CAM and the team.
- 12:01Speaker 3: I'm gonna put a link in there with your email
- 12:02Speaker 3: address and then yeah, look them up on LinkedIn as well.
- 12:05Speaker 5: Yeah, fantastic, Thanks, thank you, really appreciate it. All right.
- 12:15Speaker 3: And ACDs Total Store Expo twenty twenty five and I
- 12:18Speaker 3: ran into Frank Harvey with Surescripts.
- 12:20Speaker 8: Frank, it's so good to see you.
- 12:21Speaker 11: Oh, great to see you, Todd as always all right.
- 12:24Speaker 3: So different spaces, different things happening. Suurescripts is in every
- 12:28Speaker 3: single one of the sectors of pharmacy, obviously, but let's
- 12:31Speaker 3: talk about chain specifically and also the rise of the
- 12:38Speaker 3: pharmacist role changing. There was a survey that you guys
- 12:41Speaker 3: just completed. Talk to our listeners about that.
- 12:43Speaker 11: Yeah, I really appreciate you asking about that, because you know,
- 12:47Speaker 11: we look at pharmacy and say, how can we help
- 12:50Speaker 11: free time up? What's the administrative burden that's really pulling
- 12:53Speaker 11: pharmacy away from that patient contact, taking their time away
- 12:57Speaker 11: from the things that they should be focused on. We
- 12:59Speaker 11: know the future pharmacists and pharmacy is then providing that
- 13:03Speaker 11: clinical care to the patient. So as we do our
- 13:05Speaker 11: analysis and our latest survey said what are the things
- 13:08Speaker 11: that are draining time from your day keeping you from
- 13:11Speaker 11: being in front of the patient. And the number one
- 13:13Speaker 11: thing that came out is having to deal with the
- 13:15Speaker 11: pro authorizations that come their way, not just for the
- 13:18Speaker 11: pharmacist but the pharmacist tech as well to deal with those.
- 13:22Speaker 3: All right, so we remove that prior authorization block. Now
- 13:27Speaker 3: we're spending more time with the patient to really dial
- 13:30Speaker 3: into maybe some specific disease state. What else has come
- 13:33Speaker 3: out of that data that you guys collected.
- 13:35Speaker 11: So well, if you think about the data, the data
- 13:37Speaker 11: is great. It points us where we should go to
- 13:39Speaker 11: help remove really a time drain from the pharmacy. So
- 13:43Speaker 11: the next step is what have we done as a
- 13:45Speaker 11: company to try to take that away? Well, ideally, what's
- 13:48Speaker 11: the best way to solve a pro authorization and that's
- 13:50Speaker 11: to end the workflow when the physician is prescribing to
- 13:54Speaker 11: clear that pro authorization to go out get the need
- 13:56Speaker 11: and information from all the clinical records. Solve that with
- 13:59Speaker 11: the a matter of seconds, so the physician doesn't even
- 14:03Speaker 11: realize it's pre authorization required and it never shows up
- 14:06Speaker 11: at the pharmacy is requiring a pro authorisation, So the
- 14:09Speaker 11: patient is not inconvenience, the pharmacist is not inconvenience. And
- 14:12Speaker 11: that's what our new technology does. Our touchless pro authorization
- 14:16Speaker 11: clears those in workflow.
- 14:17Speaker 5: You know, over time we.
- 14:19Speaker 11: Will be able to work up to what we believe
- 14:20Speaker 11: somewhere between sixty and eighty percent of the pro authorizations
- 14:23Speaker 11: to be able to clear it in workflow, so they're
- 14:26Speaker 11: never a time drained for pharmacy.
- 14:28Speaker 3: And that will help with adherents because so many patients
- 14:31Speaker 3: come out of their physician's office with a prescription that
- 14:34Speaker 3: they never get filled because of something that's tripping them up.
- 14:37Speaker 11: You're exactly right. So you know, thirty to forty percent
- 14:40Speaker 11: depending on which study you read, of scripts that are
- 14:43Speaker 11: written never get filled and so either the you know,
- 14:45Speaker 11: the patient shows up there, the pharmacist says, I'm sorry,
- 14:48Speaker 11: this is pro authorisation. We should have it cleared in
- 14:51Speaker 11: a day, maybe two come back. Patients get busy, maybe
- 14:54Speaker 11: they don't have other transportation to get back to the pharmacy.
- 14:57Speaker 11: Maybe they're shut ins and just you know, they're one
- 14:59Speaker 11: ride with to get them to the pharmacy that day
- 15:01Speaker 11: and they can't get back. So the number of patients
- 15:04Speaker 11: that fall off of therapy are never start on therapy
- 15:07Speaker 11: because of this is you can take out as many
- 15:09Speaker 11: of those barriers as possible, more adherents, more patients on therapy,
- 15:13Speaker 11: and then many times the physician may not know the
- 15:16Speaker 11: patient is not taking that medication. They may think the
- 15:18Speaker 11: patient's been on medication for three or six months. The
- 15:21Speaker 11: patient shows back up and that's when they find out
- 15:23Speaker 11: that there's this issue.
- 15:25Speaker 3: Frank Carvey with Surescripts, thank you so much for being
- 15:27Speaker 3: part of the NACDS Total Store Expo Show.
- 15:30Speaker 8: I appreciate you.
- 15:31Speaker 5: Great to see you. Take care.
- 15:33Speaker 1: Hey, did you know? The National Association of Chain drug
- 15:36Speaker 1: Stores NACDS was founded in nineteen thirty three to represent
- 15:41Speaker 1: and advance the interests of the chain community pharmacy industry,
- 15:44Speaker 1: which includes drug stores, supermarkets, and mass merchants with pharmacies.
- 15:49Speaker 2: Wow, that's ninety two years ago, and today, the NACDS
- 15:53Speaker 2: represents over eighty chain member companies and supports the industry's
- 15:57Speaker 2: growth by promoting its role as a provider of health
- 16:00Speaker 2: care services and consumer products.
- 16:02Speaker 1: These eighty plus organizations employ nearly three million pharmacy professionals
- 16:06Speaker 1: who collectively fill over three billion prescriptions annually. The NACDS
- 16:11Speaker 1: has a significant influence on pharmacy's future.
- 16:13Speaker 2: You're absolutely correct. Through initiatives like supporting pharmacy education, advocating
- 16:18Speaker 2: for policy and reimbursement reform, and partnering with organizations on
- 16:22Speaker 2: crucial issues like food is medicine, and health technology, the
- 16:26Speaker 2: NACDS is helping to build and strengthen now new in
- 16:30Speaker 2: the next gen retail chain pharmacies.
- 16:40Speaker 3: Ken Tye here at the NACDS Total Store Expo. Kenneth's
- 16:44Speaker 3: so good to see Good to see you too, Todd.
- 16:47Speaker 3: The growth of nine to eighty six has been nothing
- 16:50Speaker 3: short of inspiring for me to watch this from the
- 16:52Speaker 3: very beginning, and I'm just thrilled that you guys are thriving.
- 16:58Speaker 3: There's a pharmacy owners out there that are making that
- 17:01Speaker 3: jump from the single, triple five, ten twenty, and they're
- 17:07Speaker 3: trying to become a regional chain. Regional chains are more
- 17:10Speaker 3: important than ever with the collapse of rite AIDS, with
- 17:14Speaker 3: the collapse of many independents who haven't been able to
- 17:17Speaker 3: sustain talk to us about the nine to eighty six
- 17:20Speaker 3: updates and mission and what you're doing. That's not just dispensing,
- 17:25Speaker 3: it's also holistic health.
- 17:28Speaker 4: Yeah, for sure.
- 17:28Speaker 12: I mean from our vantage point, you know, I think
- 17:31Speaker 12: that it is a tough market and they're not going
- 17:33Speaker 12: to lie. We see a lot of our colleagues now
- 17:34Speaker 12: are either shutting down or quite frankly closing shop and
- 17:39Speaker 12: for multitudes of reasons and whatnot. But I think for us,
- 17:42Speaker 12: it's you know, philosophically, we've always aimed to take care
- 17:46Speaker 12: of the underserved, right, So that's how always been our mission.
- 17:50Speaker 12: You know, as an immigrant to the country, that's something
- 17:52Speaker 12: that was very close and dear to me, and so
- 17:55Speaker 12: when we set out to expand our pharmacies and our reach,
- 17:59Speaker 12: that's kind of always been top of mind, you know.
- 18:02Speaker 12: So we've always gone into areas that we felt there
- 18:05Speaker 12: was specific, specific need, and so that's guided us really well,
- 18:10Speaker 12: you know, and there's specific marketplaces that we'll go into,
- 18:13Speaker 12: these are areas that are very multicultural, very immigrant focused,
- 18:18Speaker 12: and of course these folks have specific needs for example, language,
- 18:22Speaker 12: cultural needs, right that are different than what you'll maybe
- 18:25Speaker 12: you know accustomed to seeing out there and being in
- 18:27Speaker 12: the Southern California marketplace and then a vaid marketplace. It
- 18:31Speaker 12: really was, you know, honestly fit really well into what
- 18:35Speaker 12: the needs were in that area. So we're able to
- 18:37Speaker 12: capitalize on that, and the last few years we've been
- 18:40Speaker 12: you know, grow in a really steady pace.
- 18:42Speaker 4: I be doing this for almost twenty years now.
- 18:44Speaker 12: It's crazy to think about it, but we're over fifty
- 18:46Speaker 12: stores and we're actually have plans in place right now
- 18:50Speaker 12: to double that in the next three to four years,
- 18:54Speaker 12: and so hopefully we hit the hundred mark. And it's
- 18:57Speaker 12: not as much about the number, is about the fact
- 18:59Speaker 12: that there's a huge need, especially in light of some
- 19:02Speaker 12: of my colleagues that are no longer in the marketplace.
- 19:05Speaker 5: Right.
- 19:05Speaker 12: It's created deserts, believe it or not, even in a
- 19:07Speaker 12: very urban and very concentrated area like southern California. And
- 19:12Speaker 12: when you have this need, then you got to find
- 19:14Speaker 12: you know, actually just talking to a group right now
- 19:17Speaker 12: up in the San Francisco area, and you would think
- 19:19Speaker 12: San Francisco is like in densely popular, right, why is
- 19:23Speaker 12: there a need that pharmacies are going out of business
- 19:25Speaker 12: for multitudes of reasons, right, whether it's for reinbursement reasons,
- 19:29Speaker 12: whether it's even from a standpoint of crime and etc.
- 19:34Speaker 12: There's a multitude of reasons. And so now it's created
- 19:36Speaker 12: pockets and deserts and the government has actually given out
- 19:39Speaker 12: grants and things like that just to get people to
- 19:43Speaker 12: consider opening shop.
- 19:45Speaker 4: This is how crazy it is.
- 19:46Speaker 12: Now if you couple that with something you talked about earlier,
- 19:49Speaker 12: with right Day closures and again Walgreens potential closures, CVS downsizing,
- 19:54Speaker 12: then that need becomes greater because patients are by far
- 19:58Speaker 12: not needing less meds, the more meds because of you know,
- 20:03Speaker 12: our expanded life expectancies and you know people you know
- 20:07Speaker 12: have greater medication of advances now, so they're you know,
- 20:11Speaker 12: it's just it just seems like it's it's right for
- 20:14Speaker 12: a group that maybe has a sure niche in the
- 20:17Speaker 12: marketplace to be able to continue to expand and grow.
- 20:20Speaker 3: So I have talked a lot about long term care
- 20:24Speaker 3: at home and where that's fitting is the independent community
- 20:29Speaker 3: pharmacists shout out to like Sean Narron and Pittsburgh who
- 20:32Speaker 3: started doing that twelve years ago. Where he started like concentrating,
- 20:36Speaker 3: he's actually a closed door community pharmacy. Nobody walks into
- 20:40Speaker 3: his stores because he does one hundred percent of his
- 20:43Speaker 3: business his delivery. So when I think of nine to
- 20:45Speaker 3: eighty six and your footprint and your growth, I know
- 20:48Speaker 3: there's pockets of people in there that don't want to
- 20:51Speaker 3: leave their home.
- 20:51Speaker 4: They don't really want.
- 20:52Speaker 5: To get out.
- 20:53Speaker 3: So talk to me about how a regional chain can
- 20:56Speaker 3: really start the delivery mechanism and logistics and supplements and
- 21:02Speaker 3: delivering maybe food. Maybe there's other ways of becoming a
- 21:07Speaker 3: service provider to people that can't get out of their homes.
- 21:09Speaker 3: But what's nine eighty six doing in the realm of
- 21:12Speaker 3: long term care at home?
- 21:13Speaker 12: Well, long term care Homely, we do have long term
- 21:16Speaker 12: care full closer operations, and so long term care home
- 21:19Speaker 12: was really just another I thought it was a brilliant
- 21:22Speaker 12: idea because at the end of the day, who really
- 21:24Speaker 12: wants to leave their home? I mean, I mean honest,
- 21:26Speaker 12: that's not really someone's top priority.
- 21:28Speaker 5: Right.
- 21:28Speaker 4: Your home is your comfort zone.
- 21:30Speaker 12: That's where you enjoy peace and quiet and you know
- 21:33Speaker 12: you might have had you know, your family grew up there, right,
- 21:36Speaker 12: so you don't want to leave.
- 21:37Speaker 4: I mean, nobody wants to leave.
- 21:38Speaker 12: So if we're able to serve as that extension to
- 21:42Speaker 12: allow them to stay at their homes for a longer
- 21:44Speaker 12: period of time. Then it's all it's a win win,
- 21:47Speaker 12: I mean, and you actually brought up something was brilliant,
- 21:50Speaker 12: which is not just the delivery of those of medications,
- 21:53Speaker 12: but maybe serving an extension of you know, what their
- 21:57Speaker 12: needs are on a broader scale, right that it can
- 22:00Speaker 12: include you know, you know, the purchase of even something
- 22:03Speaker 12: as simple as tuothpaste, right, or something as simple like
- 22:06Speaker 12: you said food, right, some of the typical things that
- 22:09Speaker 12: they might not be as mobile and able to reach out,
- 22:12Speaker 12: you know, of the house for those needs to be
- 22:15Speaker 12: able to provide that, right. And of course with the
- 22:18Speaker 12: long term care home, there's all this growth of the
- 22:20Speaker 12: community healthcare workers where they can kind of serve as
- 22:23Speaker 12: that social branch from the pharmacy to allow for them
- 22:27Speaker 12: to have that connection.
- 22:29Speaker 4: I think it's great.
- 22:30Speaker 12: I mean, folks like Sean, we're pioneers, right, they're the
- 22:32Speaker 12: ones who started all this. We just get to quite
- 22:35Speaker 12: frankly learn from that and they hopefully expand on that
- 22:40Speaker 12: to you know, provide even more care for those patients.
- 22:42Speaker 12: And again it goes way beyond healthcare. It's just just
- 22:45Speaker 12: overall you know, well being, you know, and so I
- 22:49Speaker 12: think that it's going to be a growing model for sure,
- 22:52Speaker 12: because it's costly to go into any facility, whether that's
- 22:55Speaker 12: assisted living or definitely skilled nursing.
- 22:57Speaker 4: And we're not even talking about hospitals, right.
- 23:00Speaker 12: But if you don't take care of them well at
- 23:02Speaker 12: home and they don't have the resources available to make
- 23:06Speaker 12: that happen, then they have no other choice.
- 23:08Speaker 3: Ken, this has been great. Thanks for sharing at the
- 23:11Speaker 3: NACDS Total Store Expo. It's always good to see you.
- 23:14Speaker 4: Oh, it's a pleasure, always the pleasures to see you.
- 23:16Speaker 8: Todd, thank you, Take care.
- 23:25Speaker 1: Hi.
- 23:25Speaker 13: This is Lara Loveman. I run our Pharma Solutions group
- 23:29Speaker 13: of Outcomes and we're here at NACDS TSE.
- 23:36Speaker 3: Lara, it's so good to have you on the show.
- 23:38Speaker 8: How are you.
- 23:39Speaker 13: I'm doing great, Thanks for having me all right.
- 23:41Speaker 3: So, NACDS Total Storexpo one of my favorite gatherings. It's
- 23:44Speaker 3: so busy, it's very business driven. I kind of get
- 23:48Speaker 3: lost in the weeds as a no, I'm not a pharmacist,
- 23:50Speaker 3: so when we go to shows that are more clinical,
- 23:53Speaker 3: kind of get lost sometimes in the deeper discussion. So
- 23:56Speaker 3: business is one of my favorite things.
- 23:58Speaker 8: To talk about.
- 23:59Speaker 3: Your entire role and what you do at Outcomes is business.
- 24:04Speaker 3: It's the business, it's the relationships that you're building with
- 24:07Speaker 3: our manufacturers. Talk to us about that your role and
- 24:10Speaker 3: how Outcomes is partnering with our farmer manufacturers.
- 24:13Speaker 9: Yeah.
- 24:13Speaker 13: I mean, so all of this started probably eleven years
- 24:16Speaker 13: ago when we looked at our pharmacy capabilities, our technology.
- 24:20Speaker 13: Our core company serves to help pharmacies run their business.
- 24:24Speaker 13: It's a challenging time, it's super complicated. A lot of
- 24:27Speaker 13: us still try to figure it out to this day.
- 24:30Speaker 13: At the end of the day, everything that we do
- 24:32Speaker 13: has to resonate with both the pharmacy and the patient.
- 24:34Speaker 13: So I feel like we're maybe the in between, the
- 24:36Speaker 13: translator the tech stack that opens up the conversation between
- 24:42Speaker 13: what manufacturers have in the marketplace, their prescriptions, their vaccines,
- 24:47Speaker 13: and the patient channel with pharmacies and their patients. So
- 24:53Speaker 13: healthcare discussions are super private event. And this idea that
- 24:57Speaker 13: you can market and try to do marketing left and right,
- 25:00Speaker 13: I think can only go so far. And pharmacists play
- 25:05Speaker 13: a massive role in patients and their health, and so
- 25:08Speaker 13: what we try to do is elevate those conversations for
- 25:11Speaker 13: them with our technology capabilities and then partner with our
- 25:16Speaker 13: manufacturers to be that in between. But at its core,
- 25:20Speaker 13: I think the success of what we do is because
- 25:22Speaker 13: it's you know, John's pharmacy sending the conversation and the
- 25:26Speaker 13: message out to their patient with a lot of the
- 25:28Speaker 13: tools and resources that farm is working really hard on
- 25:31Speaker 13: with their given you know, medication or vaccine.
- 25:34Speaker 3: So when I started in our industry, I came out
- 25:36Speaker 3: of telecom.
- 25:37Speaker 8: It's been two thousand and four.
- 25:39Speaker 3: The relationship between the farmer, manufacturer and the patient, it
- 25:45Speaker 3: was the physician that they were really paying a lot
- 25:47Speaker 3: of attention to. That's still the case, obviously, but since
- 25:51Speaker 3: that time, I've seen pharma give pharmacists so much more
- 25:55Speaker 3: attention because they realize, hey, you're seeing our patient nine
- 25:59Speaker 3: times times more than the physician seeing and you're in
- 26:03Speaker 3: the community and you're talking to everybody and people trust you,
- 26:06Speaker 3: and I just I love the fact that they're finally
- 26:09Speaker 3: really paying attention to what pharmacists are doing.
- 26:12Speaker 8: In the communities.
- 26:13Speaker 3: And then the information the education that they're bringing to
- 26:17Speaker 3: the patient base based on the compounds, based on the
- 26:21Speaker 3: the substances or whatever is happening. What have you seen
- 26:25Speaker 3: over the years, because that eleven years has definitely increased
- 26:28Speaker 3: the attention that pharma is giving to pharmacists.
- 26:31Speaker 13: Well, I think we wish we could do like one
- 26:33Speaker 13: size fits all and say, Okay, I'm going to do
- 26:36Speaker 13: all physician investment or I'm going to do all pharmacy investment.
- 26:39Speaker 13: And I think at the end of the day, you
- 26:40Speaker 13: have to diversify your portfolio and understand that not one
- 26:44Speaker 13: journey is going to be exactly the same. So I
- 26:46Speaker 13: still think physicians, coming from a world of doctors are
- 26:49Speaker 13: incredibly important, but there's less and less of them, and
- 26:53Speaker 13: myself like I can't even get into a doctor appointment
- 26:55Speaker 13: for two or three months. They're not accessible, they're not easy,
- 26:59Speaker 13: and so I think, I think you have to kind
- 27:00Speaker 13: of create your patient journey as a brand person and
- 27:05Speaker 13: think through all the steps of that journey and how
- 27:08Speaker 13: can you work through it. And so there's a good
- 27:10Speaker 13: you know it is relevant to start with, you know,
- 27:13Speaker 13: the doctor, but then pulling that through for the continuation
- 27:18Speaker 13: of that journey for the patient because it's complicated and
- 27:20Speaker 13: it's really long. The other piece is the obvious you
- 27:23Speaker 13: know COVID, you know, elevated pharmacies in the role, and
- 27:27Speaker 13: I think then we've got much more comfort around vaccines
- 27:31Speaker 13: happening in pharmacy, So that I think has catapulted the
- 27:35Speaker 13: pharmacy role. And I always think about you know, we
- 27:39Speaker 13: did Women's Health Month this past May. We worked with
- 27:43Speaker 13: a bunch of our outcomes team, the crew. We had
- 27:47Speaker 13: a lot of female and male volunteers creating resources for pharmacists.
- 27:51Speaker 13: On Women's Health Month, we decided to focus on menopause, right,
- 27:54Speaker 13: and it's just one example of women's health. And I
- 27:58Speaker 13: do think this is a really cool case to your question,
- 28:01Speaker 13: so you know the relevancy of pharmacy. So menopause. Viosa
- 28:07Speaker 13: is an Estellis brand they launched and they thought it
- 28:10Speaker 13: was going to be a blockbuster drug, like it actually works,
- 28:12Speaker 13: it helps women and.
- 28:14Speaker 3: It's hot flashes things.
- 28:15Speaker 13: Yes, hot flashes, right, and so who wants those? And
- 28:20Speaker 13: turns out that it took a really long time to
- 28:24Speaker 13: ramp up Viosa because big advertisement didn't necessarily work. Like
- 28:28Speaker 13: women are really personal about their met health. It happens
- 28:32Speaker 13: at a community level. They learned the hard way that
- 28:34Speaker 13: you had to style at the ground level and so
- 28:38Speaker 13: pharmacists are playing more and more in that role. So
- 28:40Speaker 13: what we're trying to do with a lot of our
- 28:41Speaker 13: partners from large chains to the independence is you know,
- 28:45Speaker 13: empowering them, giving them all the tools to feel comfortable
- 28:48Speaker 13: having those conversations vaccine seasons coming in what are going
- 28:51Speaker 13: to be those hard like COVID three questions you're gonna
- 28:54Speaker 13: get with some of those patients that maybe want it
- 28:57Speaker 13: but don't understand like why should I get it? And
- 28:59Speaker 13: so we're just giving them as many tools to feel
- 29:01Speaker 13: comfortable to work at the top of their line.
- 29:05Speaker 3: Yeah, our network concentrates in women's health. So doctor Archimba
- 29:09Speaker 3: concentrates on a podcast called Sex Farm D and it's
- 29:12Speaker 3: all about sexual health and women. And then doctor Daniel
- 29:16Speaker 3: Plumber does Maternal RX and it's the it's almost like
- 29:20Speaker 3: the baton giving from arch and Ba to Plumber and
- 29:24Speaker 3: moving on in life and how that impacts not only
- 29:27Speaker 3: women but the family and ultimately the community.
- 29:31Speaker 8: What I really like about.
- 29:33Speaker 3: Outcomes and what we've been doing and the time that
- 29:37Speaker 3: we got to spend with you at Thought Spot is
- 29:40Speaker 3: that you're not making it about really the prescription anymore.
- 29:44Speaker 3: You're making about the treatment management and the patient management
- 29:48Speaker 3: and prescription is just kind of like a part of it.
- 29:51Speaker 3: But it's not like the future. The future is almost
- 29:53Speaker 3: like the disease state management and the tracking and the
- 29:56Speaker 3: data and the collection and the proactiveness that creates a
- 30:01Speaker 3: healthier outcome.
- 30:02Speaker 13: Literally, the way I think about it, it's like we're
- 30:06Speaker 13: in these events and working in healthcare. I mean, pharmacists
- 30:10Speaker 13: are in a like it is a grind, it's a battle,
- 30:15Speaker 13: and it's a lot of really good people doing really
- 30:17Speaker 13: good things. And so I think of us as a
- 30:20Speaker 13: technology tool to help them really have the conversations that
- 30:24Speaker 13: matter with their patients. They're not making. You know, we're
- 30:27Speaker 13: past the days of how many fills can I make
- 30:30Speaker 13: and how fast can I go. Let's automate as much
- 30:32Speaker 13: as we can of that, and let's create an environment
- 30:36Speaker 13: so that they are really healthcare providers and they want that.
- 30:41Speaker 13: And I honestly, I gotta get tip my hat off
- 30:43Speaker 13: to a lot of the pharmacies that we work with.
- 30:46Speaker 13: I mean, they're the ones on the ground, and so
- 30:48Speaker 13: I see us as sort of just a vessel of
- 30:52Speaker 13: technology and tools and a lot of clinicians on our
- 30:54Speaker 13: own team and pharmacists on our own team. But I'm
- 30:58Speaker 13: a big believer in the work that these farmsmacy folks do,
- 31:01Speaker 13: and so we're just really here trying to support it
- 31:03Speaker 13: and through a lot of the support from manufacturers and collaborations.
- 31:08Speaker 13: It's honestly, the whole thing is complicated and it survives
- 31:11Speaker 13: on collaboration and the understanding you know, where the money
- 31:14Speaker 13: flows and how to help it keep afloat.
- 31:17Speaker 3: Laura love Man Outcomes. We very much appreciate you being
- 31:20Speaker 3: part of the NACDS Total storex bysshow thanks for having me.
- 31:31Speaker 5: Hi.
- 31:31Speaker 14: This is Leith Bigler, vice President of Clinical Network Services
- 31:34Speaker 14: at FDB and General manager of FDB VILA. I'm here
- 31:38Speaker 14: with you from NACDS TSE.
- 31:44Speaker 3: Hey there, it's so good to see you. Thanks for
- 31:46Speaker 3: making this time to be on the Pharmacy Podcast Networks
- 31:49Speaker 3: Coverage of the NACDS twenty twenty five. FDB, it's come
- 31:54Speaker 3: a long way. I remember working with you and your organization.
- 31:59Speaker 3: I don't know if it called FDB, maybe it was
- 32:02Speaker 3: another component back in long term care days, but nonetheless
- 32:07Speaker 3: we're here in a chain environment. So what focuses does
- 32:12Speaker 3: FDB have now here at any CDs what's been the
- 32:17Speaker 3: theme since you've been here.
- 32:19Speaker 14: Yeah, well, you know, it's been great to be here,
- 32:21Speaker 14: as it always is, and FDB having been around a
- 32:23Speaker 14: long time, Like to your points, Odd, we've been providing
- 32:26Speaker 14: services the industry for many years, a lot of that
- 32:30Speaker 14: in more of a drug compendium type solution focus.
- 32:34Speaker 5: We've been innovating in this space.
- 32:35Speaker 14: For quite a while with that, improving drug content, improving
- 32:39Speaker 14: the way that we keep patients safe, the way that
- 32:41Speaker 14: we streamline the workflow for pharmacists, and then really all
- 32:46Speaker 14: sides of healthcare. I would say at this event this year,
- 32:50Speaker 14: one of the key topics has really been around redundancy,
- 32:53Speaker 14: or rather the lack thereof, within the prescribing space.
- 32:58Speaker 3: Okay, and then you wouldn't you When we started our interview,
- 33:01Speaker 3: you mentioned Vella, So tell our listeners.
- 33:05Speaker 4: What is Vella?
- 33:06Speaker 5: Yeah?
- 33:06Speaker 4: So FDV vila villa Yeah, yeah, it was.
- 33:10Speaker 14: Actually any prescribing platform that we launched in twenty twenty
- 33:13Speaker 14: two of March. We had met with an advisory board,
- 33:18Speaker 14: a customer advisory board in twenty nineteen and the whole
- 33:22Speaker 14: point was to ask questions and get their feedback on
- 33:24Speaker 14: what can FDB do broadly to improve our customer's experience organically,
- 33:31Speaker 14: some of these larger health systems PBMs, even pharmacies came
- 33:35Speaker 14: back with as FDB ever thought about getting into you prescribing.
- 33:38Speaker 14: I thought this was a compelling question. So we really
- 33:40Speaker 14: started to take it serious and look at it. We
- 33:43Speaker 14: built it, launched it in twenty twenty two. Our marketing
- 33:46Speaker 14: team asked me, what do you want to call this network?
- 33:48Speaker 14: And I said, as long as it doesn't have the
- 33:50Speaker 14: word scripts in it or OURX in it, I care.
- 33:53Speaker 14: And so they came up with FDV VILA.
- 33:57Speaker 3: Well, that's funny. I love our ex but you're right,
- 34:00Speaker 3: it's almost overused and it's understandable. So as a marketer
- 34:04Speaker 3: you just try to be different so that you can
- 34:06Speaker 3: stick out. And then there's always the domain issues to
- 34:09Speaker 3: like follow up.
- 34:09Speaker 5: With absolutely all every time.
- 34:11Speaker 3: You turn all right, I'm always wondering when you and
- 34:14Speaker 3: I have talked before, I always wondered in follow up,
- 34:18Speaker 3: why did FDB decide to build any prescribing network in
- 34:22Speaker 3: the first place.
- 34:23Speaker 14: Well, you know, again, like coming back to the beginning,
- 34:25Speaker 14: when our customers started suggesting it, we took it to
- 34:28Speaker 14: serious heart. You know, FDB is so fundamentally involved in
- 34:32Speaker 14: the creation of a prescription.
- 34:34Speaker 8: We're providing decision support to the prescriber.
- 34:37Speaker 14: We even do some of that work providing decision support
- 34:39Speaker 14: and information to the patience or educational material.
- 34:43Speaker 8: And so the question to come up, well, why don't
- 34:44Speaker 8: we just.
- 34:45Speaker 14: Actually deliver the prescription if we're helping creating the prescription.
- 34:48Speaker 14: We felt like E prescribing has been around for you know,
- 34:51Speaker 14: twenty years or so, and number one, it really hasn't
- 34:54Speaker 14: changed much. The biggest change is the adoption, right, which
- 34:58Speaker 14: has been a key driver. You give credit to where
- 35:01Speaker 14: credits due for the you know, the uptake of leveraging
- 35:05Speaker 14: E prescribing in the market. But fundamentally it hasn't really
- 35:08Speaker 14: changed much. And so as we looked at it, we said, look,
- 35:11Speaker 14: we think we can offer some redundancy, we can all
- 35:13Speaker 14: offer some alternative services, and we especially believe that we.
- 35:17Speaker 8: Can provide some innovation in the space that's much needed.
- 35:20Speaker 3: Excellent, So let's talk about that a little bit more.
- 35:23Speaker 3: How is VELA the answer to the lack of redundancy
- 35:26Speaker 3: and e prescribing?
- 35:27Speaker 14: So today almost every EHR system is directly connected to
- 35:34Speaker 14: one single network. Some EHRs may use an aggregator application,
- 35:40Speaker 14: but that aggregator application is connected to one e prescribing network,
- 35:44Speaker 14: and so the problem you have is you have one
- 35:47Speaker 14: a single line of failure. And I think what we
- 35:52Speaker 14: learned tragically from the experience of Change Healthcare last year
- 35:56Speaker 14: was any place that we are we are not redundant,
- 35:59Speaker 14: and that we are single thread, it should be should
- 36:01Speaker 14: be looked at very seriously because the impact. Although the
- 36:04Speaker 14: impact of that may result in workflow breaking down.
- 36:10Speaker 5: It may be more.
- 36:10Speaker 14: Difficult to get you know, claims processed, maybe more difficult
- 36:13Speaker 14: to deliver prescriptions, but what we're talking about is not
- 36:17Speaker 14: being able to give patients the care that they need.
- 36:18Speaker 8: If a patient needs a prescription and.
- 36:21Speaker 14: We're we're sending over two billion, three billion transactions a
- 36:26Speaker 14: year and that system goes down for even one week,
- 36:29Speaker 14: our pharmacy retailers are not going to be able to
- 36:32Speaker 14: keep up with the faxes, the phone calls. Patients are
- 36:34Speaker 14: not gonna be able to get the prescriptions. It could
- 36:36Speaker 14: really be a disaster. And so we look at it like, look,
- 36:41Speaker 14: people should be using more than one network, We should
- 36:43Speaker 14: be redundant, and we believe Veal is the answer to that,
- 36:46Speaker 14: purely because we are the only other network in the
- 36:49Speaker 14: market right now number one, but number two, we work
- 36:52Speaker 14: with most of the stakeholders need prescribing.
- 36:53Speaker 4: Already at the FTV level.
- 36:55Speaker 14: We have these partnerships, we offer these solutions, we have
- 36:57Speaker 14: contracts with them. So the idea of them leveraging our network,
- 37:01Speaker 14: it makes a lot of sense.
- 37:02Speaker 3: I think to a lot of people life, what excites
- 37:05Speaker 3: you about You've been in the industry long enough to
- 37:07Speaker 3: see things changing. I'm seeing massive changes in technology, the
- 37:13Speaker 3: role of the pharmacist. What's what's exciting you right now
- 37:16Speaker 3: in the pharmacy.
- 37:17Speaker 14: You know what's exciting me is the talk around transparency,
- 37:21Speaker 14: especially related to price. You know, we we as patients,
- 37:24Speaker 14: if you take away our job for a minute, just
- 37:26Speaker 14: we're just regular patients, and you know, we lack any
- 37:29Speaker 14: visibility into cost and for drugs. And what excites me
- 37:32Speaker 14: is that we're finally starting to talk about this at
- 37:35Speaker 14: the hill level, you know, with policies coming down that's
- 37:38Speaker 14: requiring transparency. I think it's a great step that real
- 37:42Speaker 14: time pharmacy benefit is becoming available and that that.
- 37:45Speaker 8: Providers can access it.
- 37:47Speaker 14: I'm not totally sold that that's the right way to
- 37:50Speaker 14: do it. I think it's one way to do it,
- 37:52Speaker 14: but we're we leave that there's going to be more,
- 37:56Speaker 14: I guess powerful ways to provide price transparency and involved
- 38:00Speaker 14: the provider have to be there every time.
- 38:03Speaker 3: Well, we appreciate you chiming into the NACDS Total Storexpo series.
- 38:11Speaker 3: We would love to follow up with you at some
- 38:13Speaker 3: of the other events, especially when we're talking about themes
- 38:16Speaker 3: in the future of long term care pharmacy expanding into
- 38:19Speaker 3: the home and remote patient monitoring and so many other
- 38:23Speaker 3: things that there's going to be massive amounts of data
- 38:26Speaker 3: increasing that's going to be attached back to that patient
- 38:28Speaker 3: record and FDB is going to be right there in
- 38:31Speaker 3: the middle of it.
- 38:31Speaker 8: So I'll be I'll be following up with you.
- 38:33Speaker 14: You will be here, and I would I would tag
- 38:35Speaker 14: a little you know, add this to their veterinarian what
- 38:37Speaker 14: an exciting space. FILA is the only national veterinarian you prescribe.
- 38:41Speaker 8: Network and so I would love talking to you about that.
- 38:44Speaker 14: Our progress and we're getting to the point where veternarians
- 38:47Speaker 14: can fully electronic and including control substances to retail pharmacies.
- 38:51Speaker 5: So let's talk.
- 38:52Speaker 3: Hey, that's a future podcast, Yes sir, all right, thanks
- 38:55Speaker 3: so much.
- 38:55Speaker 5: Thanksgiving.
- 39:02Speaker 3: Melinda here with me at the press booth from Parcel Health.
- 39:06Speaker 3: Melinda's so good to see you.
- 39:08Speaker 9: Oh, so good to see you, Todd.
- 39:09Speaker 4: It's been a wonderful weekend, all right.
- 39:11Speaker 3: An ACDs our chain pharmacies throughout the country more important
- 39:16Speaker 3: than ever, especially with the closure of write aid and
- 39:19Speaker 3: some of our independence struggling. We have to have profitable organizations.
- 39:27Speaker 3: We have to have services to support public health. Talk
- 39:31Speaker 3: to me about an ACDs from your perspective and why
- 39:34Speaker 3: you invest to come here and how it's going.
- 39:37Speaker 1: Yeah.
- 39:38Speaker 9: Absolutely, ANYCDS is one of the most important shows for
- 39:41Speaker 9: us every year, and at Parcel Health this past year
- 39:44Speaker 9: we've seen just immense success with working with a lot
- 39:48Speaker 9: of large hospital health systems like UVA held well Star
- 39:52Speaker 9: Health System, Allegony Health Network in Pittsburgh. We've just had
- 39:56Speaker 9: so much success with health systems and we were only
- 39:59Speaker 9: able to be so successful with them because we were
- 40:02Speaker 9: conscious of their costs, because we add to their revenue,
- 40:05Speaker 9: not take from it. And so here at any CDs
- 40:09Speaker 9: knowing it's one of the biggest shows that retail chain
- 40:12Speaker 9: partners are here. Our goal has been really to find
- 40:16Speaker 9: a good first retail partner to bring this, uh, bring
- 40:20Speaker 9: the tullytoob to market with the tellytoop is the world's
- 40:23Speaker 9: first and only paper pill bottle, and it is an
- 40:26Speaker 9: incredible product. It's the better pill bottles, the pill bottle
- 40:29Speaker 9: of the future, more sustainable, more durable, better all around.
- 40:34Speaker 9: And so here at an A CDs, we've just had
- 40:36Speaker 9: just really really wonderful conversations. To be fully honest, you know,
- 40:41Speaker 9: I wasn't sure what to expect coming in. I think,
- 40:44Speaker 9: you know, Todd, what you iterated at the beginning of
- 40:46Speaker 9: the conversation about, you know, uncertainty and challenges. But it's
- 40:51Speaker 9: just been awesome. I mean, we've been here, We've spoken
- 40:55Speaker 9: to so many retail partners, and the appetite for chain,
- 41:00Speaker 9: for innovation, for sustainability, for something that is going to
- 41:03Speaker 9: be cheaper and better. The hunger is there, and I
- 41:07Speaker 9: just love it.
- 41:08Speaker 3: I'm very inspired by your organization. I like hearing about
- 41:13Speaker 3: the mix of settings where you're in hospital systems. You're
- 41:18Speaker 3: at Blueberry Pharmacy in Pittsburgh with Kyle.
- 41:21Speaker 8: Mccarmick and his team.
- 41:23Speaker 3: Talk to me about the waste that the status quo
- 41:28Speaker 3: is placing on the industry from the plastic and everything
- 41:31Speaker 3: and why Parcel Health is really standing out with what
- 41:34Speaker 3: you're doing.
- 41:35Speaker 9: Yeah, so, you know, the United States alone, we the
- 41:38Speaker 9: spends more than eight billion plastic prescription pill bottles. At
- 41:42Speaker 9: the very least, there's definitely more than that that we
- 41:44Speaker 9: go through from just a waste perspective, and a lot
- 41:47Speaker 9: of these plastic pill bottles they are not it's really
- 41:50Speaker 9: hard to recycle them. Most of them end up in
- 41:53Speaker 9: landfills if not sent abroad to you know, other countries
- 41:56Speaker 9: for processing, so it ends up sort of polluting other countries,
- 42:00Speaker 9: one of it being Malaysia. I grew up in Malaysia.
- 42:03Speaker 9: My parents still live there, my brothers still live there.
- 42:05Speaker 9: So a lot of the plastic waste from the United
- 42:07Speaker 9: States gets shipped to other countries for processing. So this
- 42:10Speaker 9: has been a really personal mission for me as much
- 42:12Speaker 9: as it is professional because I am also a pharmacist
- 42:15Speaker 9: and so, you know, really wanting to reduce the amount
- 42:18Speaker 9: of plastic wasts that we generate in healthcare has been
- 42:22Speaker 9: sort of top of mind for us, and so at
- 42:24Speaker 9: Parcel Health when we develop tull YouTube, the world's first
- 42:26Speaker 9: and only paper pill bottle, our goal has been to
- 42:29Speaker 9: you know, not only reduce the plastic waste. But to
- 42:32Speaker 9: make it more sustainable, make it better, Right, what can
- 42:34Speaker 9: we make in terms of a prescription packaging that can
- 42:37Speaker 9: meet today's demands better than what plastic vials could do?
- 42:41Speaker 9: And so with the tullytube, you know, it is much
- 42:43Speaker 9: sturdier it, you know, knowing how much how many prescriptions
- 42:47Speaker 9: just shipped across the country. Now, it holds up much
- 42:50Speaker 9: better in transit. It keeps medications much cooler during you know,
- 42:54Speaker 9: sudden heat. You know, if it's sort of left exposed
- 42:56Speaker 9: to under the porch or by the window, it can
- 42:59Speaker 9: really keep medicasions cooler. And because of the materials and
- 43:03Speaker 9: the way that we designed it, it is actually cheaper
- 43:05Speaker 9: than plastic bials. And I know that is so shocking.
- 43:09Speaker 9: And I think that's been one awesome thing to share
- 43:11Speaker 9: here at any CDs with our retail partners, because that's
- 43:14Speaker 9: the top of their mind, right, They're like, I see.
- 43:15Speaker 4: That this is a great product.
- 43:16Speaker 8: I love it.
- 43:17Speaker 9: It's beautiful, but what is it going to cost me?
- 43:20Speaker 9: And it's wonderful to be to say, hey, look, we've
- 43:22Speaker 9: been working with these health systems, and you know, health
- 43:25Speaker 9: systems they also face similar challenges in terms of margins.
- 43:29Speaker 9: They've seen our product, they've seen our pricing, and we're
- 43:32Speaker 9: at cost parity, if not cheaper, and we're saving them
- 43:35Speaker 9: a lot of money.
- 43:36Speaker 3: Well, and this has been wonderful to catch up with you.
- 43:38Speaker 3: Like I said, it's inspiring what you guys grow at
- 43:41Speaker 3: Partial Health. Give our listeners a way to get a
- 43:44Speaker 3: hold of you. The best place to go, Oh.
- 43:46Speaker 9: Absolutely, head onto our website www dot parcelhealth dot co
- 43:51Speaker 9: and parcel spelled p r CL health dot co. That's
- 43:54Speaker 9: the best way to get a hold of us.
- 43:56Speaker 3: Thank you so much, Thank you so much.
- 43:58Speaker 8: Todd