Latest / Pharmacy Podcast Network / Pharmacy Road-map for 2026 and New Opportunities for Growth | TWIRx
Transcript
- 0:05Speaker 1: You are listening to the global network of podcasters dedicated
- 0:09Speaker 1: to the pharmacy profession.
- 0:10Speaker 2: Welcome to the Pharmacy Podcast Network.
- 0:39Speaker 3: Hey, welcome to this Week in Pharmacy.
- 0:41Speaker 4: I'm your host and the founder of the.
- 0:44Speaker 3: Pharmacy Podcast Network, Todd Ury. Today, January thirtieth, It's Friday.
- 0:51Speaker 3: Can you believe the January is it's already over? Like
- 0:56Speaker 3: this is nuts of how fast? Twenty five was pretty fast,
- 1:01Speaker 3: but twenty twenty six is heating up. It's been a
- 1:03Speaker 3: good January. We've had the Pharmacy fifty Awards. It's just
- 1:08Speaker 3: amazing to see how that has grown and the connections
- 1:12Speaker 3: that are now being made with some of those winners,
- 1:15Speaker 3: and what that will do for their positioning, what it's
- 1:18Speaker 3: going to do for their careers, how it's going to
- 1:20Speaker 3: connect them to other people and opportunities. That is the
- 1:24Speaker 3: entire mission of what the Pharmacy fifty Awards is to do,
- 1:28Speaker 3: is to accelerate people in our profession that are doing
- 1:32Speaker 3: just that little bit more and they're much more innovative.
- 1:35Speaker 3: And one of those people is joining me today on twerks.
- 1:39Speaker 3: Pharmacy fifty alumni I think a two time alumni. My
- 1:42Speaker 3: friend Sean Jensen, Sean, what's up?
- 1:47Speaker 5: Hey, Todd's great to see you. How are you doing?
- 1:48Speaker 5: How May New Year?
- 1:49Speaker 4: Happy New Year. You're a a two timer on Pharmacy fifty.
- 1:55Speaker 5: I am very proud to be the last two years.
- 1:58Speaker 6: And I was going to say congratulations, a great event,
- 2:00Speaker 6: a great award season for you, and yeah, I just
- 2:04Speaker 6: remember myself. I mean, it's so exciting when you get
- 2:06Speaker 6: the email and all the connections. Like you said, I mean,
- 2:09Speaker 6: it culminates a lot of hard work. It's kind of
- 2:12Speaker 6: like a recognition of that. But no, it's really awesome.
- 2:14Speaker 6: I'm so excited for all the winners this year. Congratulations
- 2:17Speaker 6: to all of them.
- 2:17Speaker 4: Then too, you too, Oh yeah, I appreciate that.
- 2:20Speaker 3: What I like is the Pharmacy fifty alumni who use
- 2:23Speaker 3: that award to connect and to lift up other people.
- 2:27Speaker 3: And that's exactly what you've been doing with educating our
- 2:31Speaker 3: younger upcoming pharmacist and developers in the realm of artificial intelligence.
- 2:36Speaker 3: It's kind of like why I wanted you be on
- 2:38Speaker 3: twerks today because I wanted to kind of get into.
- 2:41Speaker 4: A couple of things.
- 2:42Speaker 3: But first of all, let's get some let's get the
- 2:45Speaker 3: important stuff.
- 2:45Speaker 4: Out of the way.
- 2:46Speaker 3: The Philadelphia Eagles are not going to the Super Bowl
- 2:50Speaker 3: this year, and neither are the Pittsburgh Steelers, So how
- 2:54Speaker 3: do you feel about that?
- 2:56Speaker 6: Yeah, big disappointment. I thought we might have a Steegele
- 2:59Speaker 6: super Bowl this year. But a lot of my a
- 3:02Speaker 6: lot of my closest friends are big Steelers fans. What
- 3:05Speaker 6: do you think about the coach McCarthy coming in?
- 3:07Speaker 4: You know, I don't know enough about him to tell
- 3:10Speaker 4: you the truth.
- 3:11Speaker 3: I've seen things that he did during Brett Farre's younger years,
- 3:15Speaker 3: and I think he does a really good job at
- 3:18Speaker 3: developing young quarterbacks.
- 3:21Speaker 4: I think his heart is in it.
- 3:22Speaker 3: And you know what, really, I will take heart I
- 3:27Speaker 3: think over you know, sheer design or cold talent. It's
- 3:33Speaker 3: like the way I would the way that Bill Belichick
- 3:36Speaker 3: made me feel about being much more calculated and much
- 3:40Speaker 3: more about you know, I don't know, but that does
- 3:43Speaker 3: get you super Bowls too. But I like McCarthy's attitude.
- 3:47Speaker 3: I saw him on a press conference.
- 3:48Speaker 4: I saw him. He's extremely sincere.
- 3:50Speaker 3: He's very proud to be coming back to his hometown
- 3:54Speaker 3: of Pittsburgh. And if you are, if you're winding down
- 3:57Speaker 3: your career, as an NFL coach, and you would have
- 4:00Speaker 3: an opportunity to come back to your hometown and coach
- 4:04Speaker 3: the freaking Pittsburgh Steelers that he grew up with. Like,
- 4:08Speaker 3: that's a dream come true for him and his family.
- 4:11Speaker 4: So I think he has.
- 4:12Speaker 3: An opportunity to build an outgoing legacy because I can't
- 4:17Speaker 3: imagine he's going to be around the same time that
- 4:21Speaker 3: the previous Steeler coaches have been in place for, you know,
- 4:26Speaker 3: nineteen twenty plus years. But I think it gives him
- 4:30Speaker 3: an opportunity to do something, you know, pretty cool in
- 4:35Speaker 3: the sunset of his career.
- 4:36Speaker 4: So I hope he takes advantage of it.
- 4:37Speaker 3: I hope he surrounds himself with some really young, aggressive
- 4:42Speaker 3: offensive coordination talent, and he has a lot of work
- 4:46Speaker 3: to do.
- 4:47Speaker 4: I mean, if maybe we can use his.
- 4:48Speaker 3: Experience to kick in because the Steelers are a mess.
- 4:54Speaker 6: Yeah, well, I mean, good best of luck to the city.
- 4:56Speaker 6: And that's one of the most stable jobs in sports.
- 4:59Speaker 5: There you alluded to there.
- 5:01Speaker 6: I mean, it's three coaches in fifty sixty years or something.
- 5:04Speaker 5: Crazy.
- 5:05Speaker 3: Hey, the only people that want the New England Patriots
- 5:09Speaker 3: to win the Super Bowl are New England people in
- 5:13Speaker 3: New England fans because the rest of the nation would
- 5:16Speaker 3: much rather see the Seattle Seahawks. And and for me,
- 5:21Speaker 3: since the ref during the Super Bowl between the Steelers
- 5:27Speaker 3: and the Seahawks, there were a lot of very questionable calls.
- 5:32Speaker 3: It's you know, if they're gonna if they have an
- 5:34Speaker 3: opportunity to get it, you know, let them let them
- 5:38Speaker 3: get it. Well, not let them get it, but they'll
- 5:40Speaker 3: have to fight for it. But I'd much rather see
- 5:42Speaker 3: them win the New England Patriots just to be just
- 5:45Speaker 3: to be honest, I'll hear on twerks. Hey, we're looking
- 5:49Speaker 3: at a video from the one and only Tom Brady,
- 5:52Speaker 3: one of the greatest and arguably people could say the
- 5:57Speaker 3: greatest QB of all time, but is now on.
- 6:01Speaker 4: Tom Brady Videos.
- 6:02Speaker 7: Here today to talk about EMED, where I proudly serve
- 6:06Speaker 7: as the founding Chief Wellness Officer. We're working on something
- 6:10Speaker 7: that I believe really matters, improving population health at scale
- 6:15Speaker 7: so that people can feel better, perform better, and protect
- 6:19Speaker 7: their long term health.
- 6:21Speaker 5: At EMED.
- 6:22Speaker 7: The program is built around your biology. It's structured, it's accountable,
- 6:28Speaker 7: and it's designed to help people stay on track that mindset, discipline, consistency,
- 6:35Speaker 7: showing up to find my career and it's the same
- 6:39Speaker 7: mindset that drives real change in health over time. We're
- 6:44Speaker 7: just getting started and I'm proud to be part of it.
- 6:47Speaker 7: EMED the science of you, clinical proven human.
- 6:54Speaker 3: So I don't know mister Brady's background, but to be
- 6:57Speaker 3: called the chief wellness officer, it's just it's just strange
- 7:02Speaker 3: to me because I didn't know. I haven't looked at
- 7:05Speaker 3: his education, but I didn't I didn't think he had
- 7:07Speaker 3: a medical background. And the way that you use terminology
- 7:11Speaker 3: in your background. However, you could be called a chief
- 7:15Speaker 3: strategy officer and do just about anything for a company.
- 7:19Speaker 3: So if you're the wellness officer, maybe he has a
- 7:22Speaker 3: team of people under him. And by the way, to
- 7:24Speaker 3: tell you the truth, I don't even know what EMED
- 7:27Speaker 3: really does, but I do want to say this just
- 7:29Speaker 3: from a public relations perspective, if you know where Tom
- 7:33Speaker 3: Brady is physically and where EMED is physically, as like
- 7:37Speaker 3: an organization, think it's down in Miami, Florida, and you're
- 7:40Speaker 3: an independent pharmacy, you're a you're an entrepreneurial pharmacist. You
- 7:45Speaker 3: you like medication management, or you're into mental health. Reach
- 7:50Speaker 3: out to the EMED team. They're on LinkedIn, so it's
- 7:54Speaker 3: right in his post you'll be able to see.
- 7:55Speaker 4: But reach out to this organization called EMED.
- 7:59Speaker 3: Look this is them on on on LinkedIn and poke
- 8:03Speaker 3: around and see if you can't make connections, because wilder
- 8:07Speaker 3: things have happened. I'd love to see some pharmacists involved
- 8:09Speaker 3: in this if if there aren't, you know some already.
- 8:12Speaker 4: And but Sean, have you heard of IMED.
- 8:16Speaker 6: I mean it says they're the GLP one. That's I'd
- 8:18Speaker 6: heard of them through you know, the context of GLP one.
- 8:21Speaker 6: I think Tom Brady hopefully you get a lot of
- 8:24Speaker 6: recognition here.
- 8:25Speaker 5: For him, it's probably the point.
- 8:26Speaker 6: But I mean, hey, I'm sure the guy knows a
- 8:29Speaker 6: ton about fitness, and like you said, I mean the
- 8:32Speaker 6: figurehead or not the team around him is really what's
- 8:35Speaker 6: going to determine, you know, that impact. And with like
- 8:37Speaker 6: Mark Cuban jumping in, you know, I welcome any kind
- 8:40Speaker 6: of celebrity or any kind of you know, spotlight that
- 8:43Speaker 6: wants to get shown on the industry and any kind
- 8:45Speaker 6: of attention we can get, you know, we'll take it.
- 8:47Speaker 5: So sure Tom Brady wants to get involved in EMED,
- 8:51Speaker 5: I welcome that. I think that's great.
- 8:52Speaker 6: You know, let's let's contain the conversation.
- 8:55Speaker 3: So we did some collaboration with BABS and Diagnostics, which
- 8:58Speaker 3: is a blood testing uh tech.
- 9:01Speaker 4: It's blood tit.
- 9:02Speaker 3: They put the freezer inside the community pharmacy or the
- 9:06Speaker 3: hospital system. They have a device that warms the fingers
- 9:11Speaker 3: and then all of a sudden, it gives you a
- 9:12Speaker 3: little prick.
- 9:13Speaker 4: It extracts blood.
- 9:14Speaker 3: At a at a minuscule amount in comparison to how
- 9:19Speaker 3: much blood that they normally take. When you go give blood,
- 9:21Speaker 3: you're giving sometimes two whole vials. I hate, I hate
- 9:24Speaker 3: giving blood, but absent is really onto something. It's like
- 9:28Speaker 3: where what's that Holmes Lady?
- 9:31Speaker 2: That was?
- 9:31Speaker 5: It sounds like the actual like fair nose.
- 9:34Speaker 3: Yeah, it's the literally it's it's the way that Saranos
- 9:39Speaker 3: should have been. Is exactly what baps and But when
- 9:43Speaker 3: you look up the EMD site, what do you know?
- 9:45Speaker 4: They have a blood testing kit.
- 9:47Speaker 3: So the future of blood testing and specialty pharmacy, I'm
- 9:52Speaker 3: thinking about you and I go we're going to be
- 9:54Speaker 3: headed to Assembia this year, and I love talking with
- 9:57Speaker 3: specialty pharmacy operations. But you organizations, you pharmacist consultants out there,
- 10:03Speaker 3: you community pharmacy owners, look into blood testing, but I
- 10:07Speaker 3: mean look into blood testing, look into be being a
- 10:10Speaker 3: place for people to come and ask lots of questions about, Hey,
- 10:14Speaker 3: what's the long term impact if I'm on.
- 10:19Speaker 4: What's one of those medications with goovy or.
- 10:23Speaker 3: Yeah, so what's the long term effect on bone density
- 10:26Speaker 3: or what's the long term effect on my on my longevity?
- 10:31Speaker 3: Is there a way to wean me off of this?
- 10:33Speaker 3: And then all of a sudden I transform into something
- 10:35Speaker 3: more holistic or something more Now with the food pyramid
- 10:39Speaker 3: being turned literally upside down, like, is this time for
- 10:43Speaker 3: pharmacists to rise and to say, hey, here's medication management,
- 10:50Speaker 3: here's holistic health, here's diet, here's exercise. Let's let's stop prescribing.
- 10:57Speaker 3: And all you do is not all you do, of course,
- 11:00Speaker 3: it's everything they do because they keep everybody alive with
- 11:02Speaker 3: triple checking and double checking. But the dispensing of that
- 11:06Speaker 3: med that's not the future of pharmacy. You know that
- 11:09Speaker 3: because of your work and artificial intelligence creation of where
- 11:13Speaker 3: that's going from workflows and things that you're doing.
- 11:16Speaker 4: But share with us what you think.
- 11:18Speaker 3: What do you think of blood testing and the access
- 11:22Speaker 3: to the data and clarification of the medications that people
- 11:25Speaker 3: are on.
- 11:26Speaker 4: What do you think of that?
- 11:27Speaker 6: Yeah, I mean it's just, you know, the pharmacist plays
- 11:30Speaker 6: a bigger role than most people think. I mean, even
- 11:32Speaker 6: look at the recent that pilot, I mean that was
- 11:34Speaker 6: not pharmacies, that was AI. And you know, doing renewals
- 11:38Speaker 6: to AI wasn't I believe in Utah, I mean, pharmacists
- 11:43Speaker 6: can't prescribe or.
- 11:44Speaker 5: Can't do, but the AI can.
- 11:46Speaker 6: I mean that's kind of getting a little wild that
- 11:48Speaker 6: they would trust the AI more than the pharmacists.
- 11:50Speaker 5: But yeah, I mean blood testing, holistic health.
- 11:53Speaker 6: I mean, there's so many avenues here, even just the
- 11:55Speaker 6: clinical support that's always been in specialty pharmacy. I mean,
- 11:59Speaker 6: there's so much more more the pharmacists do than just
- 12:01Speaker 6: you know, fill pill bottles and things like that. And
- 12:04Speaker 6: the technology is enabled it, you know, it's really given
- 12:06Speaker 6: a lot of the data and a lot of the
- 12:08Speaker 6: you know, it just facilitates much more communication and much
- 12:11Speaker 6: more quicker action.
- 12:13Speaker 4: Here you go, Yeah, you mentioned this to me.
- 12:16Speaker 3: Artificial intelligence begins prescribing thecations and medications in Utah. And
- 12:21Speaker 3: we heard about this several weeks back, maybe two weeks back,
- 12:25Speaker 3: and then really when I've read through this, I don't
- 12:30Speaker 3: completely understand what it's going to do. Obviously, there's no
- 12:34Speaker 3: way that it's extracting every final check and review of
- 12:40Speaker 3: a pharmacist based on the license needing to be you know,
- 12:45Speaker 3: present in every prescription that's been reviewed by a pharmacist.
- 12:52Speaker 3: But what do you think of this as an evolution
- 12:55Speaker 3: in the use of AI.
- 12:58Speaker 6: I mean, I'm surprised eyes how quickly it's moving forward, frankly,
- 13:03Speaker 6: and I say that in a good way. I think
- 13:05Speaker 6: people have always said the technology isn't going to be
- 13:08Speaker 6: limiting factor in terms of speed. It's going to be
- 13:11Speaker 6: you know, the regulations and kind of just the compliance
- 13:14Speaker 6: around it, the legal aspects. I mean, there's so much
- 13:17Speaker 6: more than just you know, hey, the AI can do
- 13:19Speaker 6: a lot of cool things. It's like, is it allowed
- 13:21Speaker 6: to do all those cool things? I believe that article
- 13:24Speaker 6: is kind of renewals only initially too, which at the
- 13:27Speaker 6: end of the day, you know, a doctor renewal isn't
- 13:30Speaker 6: much more than pushing a button in the EHR anyway,
- 13:32Speaker 6: especially like you know, there's renewal transaction sets, so maybe
- 13:37Speaker 6: it's not doing that much. But it's certainly like the
- 13:38Speaker 6: right direction of getting technology more involved in I think
- 13:42Speaker 6: it's it's going to expand to the pharmacist. I mean,
- 13:44Speaker 6: inevitably what we're seeing there on the doctor side will
- 13:47Speaker 6: be for the pharmacy as well.
- 13:50Speaker 4: Hey, shifting gears.
- 13:51Speaker 3: But just staying within Twerk's news is this this news
- 13:55Speaker 3: came out. The headline is and this came from health
- 13:58Speaker 3: care to dive. You can find more at healthcaredive dot com.
- 14:02Speaker 3: But the headline is CVS accused of shutting out rival
- 14:08Speaker 3: pharmacy hubs. In house judiciary investigation, the company's massive pharmacy
- 14:14Speaker 3: benefit manager changed its rules and weaponized audits to ensure
- 14:19Speaker 3: independent pharmacies couldn't work with competing pharmacy service companies, the
- 14:24Speaker 3: House Republicans said, And then it dives into the brief.
- 14:29Speaker 3: Definitely take a look at this of you know, I
- 14:34Speaker 3: love what the frame markets have done for entire economies
- 14:41Speaker 3: and building nations and the Industrial Revolution and everything that
- 14:46Speaker 3: the United States went through. Part of that Industrial Revolution,
- 14:50Speaker 3: there were horrible things that were done to human beings,
- 14:53Speaker 3: and you know, in the coal furnaces and all of
- 14:56Speaker 3: that stuff. So there's always going to be crappy ass
- 14:59Speaker 3: people who are going to take advantage of things. But
- 15:02Speaker 3: for the most part, and I know that's not excuse
- 15:05Speaker 3: for things that are done to people, because it's not.
- 15:08Speaker 3: But the evolution of innovation, there's good and bad that
- 15:12Speaker 3: are really a part of everything. And CBS Health had
- 15:17Speaker 3: such an opportunity backing up ten years ago when they
- 15:21Speaker 3: really started to get manipulative into Medicare Part D and
- 15:26Speaker 3: Medicaid and starting to scrape more and more of that money,
- 15:31Speaker 3: calling it a benefit, calling it medication management, calling it
- 15:34Speaker 3: formulary management. And now there's no money left to pay
- 15:40Speaker 3: pharmacists for clinical knowledge, there's no money left to pay
- 15:44Speaker 3: a dispensing, privately owned pharmacy in any of this space
- 15:48Speaker 3: is specialty, long term care, or even our community independence.
- 15:53Speaker 3: And now we've pulled back the covers. Everybody knows what
- 15:58Speaker 3: the truth is. It's it's right out there in the
- 16:01Speaker 3: black and white data that CBS Health, Optum, express Scripts
- 16:06Speaker 3: have all done things purposely to create a non competitive
- 16:12Speaker 3: advantage or a non competitive situation where they.
- 16:15Speaker 4: Don't have to compete.
- 16:16Speaker 3: They don't have to Well, you don't have to compete, Sean,
- 16:18Speaker 3: if you didn't have to compete with all the other
- 16:20Speaker 3: AI companies out there, and to the developers of software
- 16:23Speaker 3: out there. If you never had to compete, your software
- 16:26Speaker 3: would be crap because your development software would not have
- 16:30Speaker 3: any push to stay competitive.
- 16:33Speaker 4: And that's exactly in the free market.
- 16:36Speaker 3: That's exactly exactly how the pharmacy benefit managers have become
- 16:40Speaker 3: the bane of healthcare and they just suck out the
- 16:45Speaker 3: money in the form of just profit and not where
- 16:47Speaker 3: it needs to be applied, which you know, there's so
- 16:51Speaker 3: many things, but I hated seeing that article, so hey,
- 16:54Speaker 3: thanks for bringing it to my attention.
- 16:56Speaker 4: That was Sean's fault.
- 16:58Speaker 6: Yeah, I mean it's a house reports so far. So
- 17:01Speaker 6: I mean this comes around in cycles. We always think
- 17:03Speaker 6: they're going to do something and they don't always do.
- 17:06Speaker 6: But for sure, this is they're calling them out. And
- 17:08Speaker 6: I think just as an extension, like we said, like
- 17:10Speaker 6: you know, a lot of times it's technologies being stifled,
- 17:13Speaker 6: not because the tech isn't capable of doing it. It's
- 17:16Speaker 6: because the old guard doesn't want to allow it in.
- 17:18Speaker 6: It's because compliant you know, there's all these other like
- 17:21Speaker 6: human barriers, and if they're stifling competition, they're stifling it
- 17:25Speaker 6: even says like.
- 17:26Speaker 5: In the report.
- 17:27Speaker 6: I think on that PDF that the House report title
- 17:29Speaker 6: is something like how they protected themselves from competition and innovation,
- 17:34Speaker 6: And it's like, wow, you're purposely putting resources to try
- 17:37Speaker 6: to stifle innovation. So I think, as we shine a
- 17:41Speaker 6: flashlight on what's not we but you know, as everyone
- 17:43Speaker 6: kind of sees what's really going on, and you know,
- 17:45Speaker 6: more transparent PBMs and transparent processes take over, you know,
- 17:49Speaker 6: you'll see a wave of tech adoption. Mean, you look
- 17:51Speaker 6: at those other middle market PBMs, they're so tech forward
- 17:55Speaker 6: and tech you know friendly, there's so much more that
- 17:58Speaker 6: they're doing that you wonder why everyone else is doing it.
- 18:00Speaker 6: And you know, you got to wonder if they want
- 18:02Speaker 6: all that you know, tech to be as easy as
- 18:04Speaker 6: it could be in all that interoperability. Certainly it doesn't
- 18:07Speaker 6: seem like CBS care Mark wants interoperability with independent pharmacies
- 18:10Speaker 6: where you know there could be better collaboration.
- 18:13Speaker 5: So we'll see where this heads.
- 18:14Speaker 6: It's interesting, though, you know, my hat's off to the
- 18:17Speaker 6: House for doing something in this political climate.
- 18:20Speaker 5: I'll stay neutral overall, but you.
- 18:22Speaker 6: Know, I was definitely happy to see them making some
- 18:24Speaker 6: progress on the PBM reform and the investigation, so a great,
- 18:27Speaker 6: great step forward.
- 18:28Speaker 5: Sorry for sharing the article. At least it's a Friday.
- 18:31Speaker 3: That's all right, Thank god it's Friday, because at least
- 18:33Speaker 3: we got the weekend to maybe recover exactly except for
- 18:37Speaker 3: those pharmacists and technicians listening right now who probably have
- 18:40Speaker 3: to work over the weekend.
- 18:42Speaker 5: But it's it.
- 18:43Speaker 4: It makes me think.
- 18:47Speaker 3: The you know the quote from Spider Man, with great
- 18:51Speaker 3: power comes a great responsibility.
- 18:53Speaker 4: And that's what's.
- 18:54Speaker 3: Most disappointing to me in the cbs IS and the
- 19:00Speaker 3: the optims and the you know, the organizations who are
- 19:03Speaker 3: inside pharmacy and I I've been accused. My entire network
- 19:09Speaker 3: has been partially confused. We've we've lost sponsorships based on
- 19:14Speaker 3: People will be like, well, you're so heavy on PBMs,
- 19:18Speaker 3: and I'm like, no, I'm we need PBMs.
- 19:22Speaker 4: PBMs have their place.
- 19:23Speaker 3: There's a matter of fact, there's a wrap ton of PBMs.
- 19:27Speaker 3: There's at least a dozen, at least twelve national PBMs
- 19:31Speaker 3: that are fiduciary or cost plus or you know, transparent
- 19:36Speaker 3: or doing things that are exactly what where the value
- 19:40Speaker 3: you know, capital RX for example, They're doing things that
- 19:46Speaker 3: are helping the employer, helping the benefits manager, helping the
- 19:50Speaker 3: cost helping the patient much more inclusive.
- 19:54Speaker 4: And and we're we're seeing.
- 19:56Speaker 3: The beginning of the end of the current three PBMs.
- 20:01Speaker 3: Their model models will not sustain the mark Cuban and
- 20:05Speaker 3: Congress and people have just dug too deep. Now where Leadi,
- 20:09Speaker 3: Holy crap, Look at all this tax all this tax
- 20:13Speaker 3: benefit that's supposed to cover people that can't afford a medications,
- 20:17Speaker 3: All this tax money that's supposed to cover our seniors,
- 20:20Speaker 3: all this tax money that is reserved for specialty disease
- 20:25Speaker 3: states that could really help people live and survive better
- 20:29Speaker 3: has been sucked up in the form of freaking profit.
- 20:32Speaker 4: And Sean, I'm a capitalist.
- 20:34Speaker 3: I want to make some money, and I do make money,
- 20:37Speaker 3: you know, through pharmacy podcast network.
- 20:39Speaker 4: And it's my it's my livelihood.
- 20:42Speaker 3: But if if I were setting something up that was
- 20:47Speaker 3: taking advantage of a situation, especially in the form of
- 20:50Speaker 3: a tax matter, if I could find a way to
- 20:52Speaker 3: get podcasts taxed and make.
- 20:55Speaker 4: Some make some money, right.
- 20:57Speaker 3: But but if I were doing it and use it
- 21:00Speaker 3: in a way that was just for profiting my publication
- 21:04Speaker 3: or myself and not pushing it back to how do
- 21:07Speaker 3: we evolve the standard of podcasting and continuing education, how
- 21:10Speaker 3: do we advance the profession and what pharmacists are talking
- 21:14Speaker 3: about and what conversations they should be a part of.
- 21:17Speaker 3: How do we leverage the superstars of our industry and
- 21:21Speaker 3: get their names out there.
- 21:23Speaker 4: Like it's if.
- 21:24Speaker 3: You're in a profession, if you're if you're in if
- 21:26Speaker 3: you're a lifer, you're a lifer, sean in being in technology,
- 21:29Speaker 3: and if you're a lifer in healthcare tech and you
- 21:34Speaker 3: start doing things that are questionable, that is more about
- 21:38Speaker 3: just lining your pockets. Most likely, with how small this
- 21:42Speaker 3: industry is, and especially pharmacy, you're going to get burnt
- 21:46Speaker 3: out because people aren't going to do business with you anymore.
- 21:49Speaker 3: And that's literally what's happened to the three biggest PBMs
- 21:53Speaker 3: is we've uncovered the truth to their massive, massive, massive
- 21:59Speaker 3: profits in returns and people are suffering.
- 22:04Speaker 5: Yeah, I mean, this industry you can't hide for long.
- 22:06Speaker 6: It's that's why no one burns bridges and specialty pharmacy
- 22:10Speaker 6: and healthcare and pharmacy in general. I mean there's just
- 22:12Speaker 6: such a community and a brotherhood and sisterhood of you know,
- 22:16Speaker 6: just people taking care of each other, helping out for
- 22:18Speaker 6: each other. And you know, if someone's doing something wrong,
- 22:22Speaker 6: you know, be it a vendor company, whoever. You know,
- 22:24Speaker 6: word travels fast, and everybody's gonna know about it. I
- 22:27Speaker 6: would say as a lifer, you know, going back to
- 22:29Speaker 6: the like the nineties, like what the PBM scene looked
- 22:32Speaker 6: like before the rise of where we're at. I mean,
- 22:35Speaker 6: it was just as bad it was the Wild West.
- 22:36Speaker 6: I mean, it was the employers who were getting you know,
- 22:40Speaker 6: taking the brunt of just blank checks being written. You know,
- 22:44Speaker 6: any prescription that wants to get written, doesn't matter what
- 22:46Speaker 6: it is, the employer is going to pay for it.
- 22:48Speaker 6: Nobody had any incentive to not just write whatever they wanted.
- 22:51Speaker 6: And certainly some cost cutting measures had to come in.
- 22:54Speaker 6: And I mean I think, on the one hand, how
- 22:57Speaker 6: much money the PBMs are taking, stealing, pocket you know whatever,
- 23:01Speaker 6: people could say, all that money was also being wasted.
- 23:04Speaker 6: I mean, back in those days, that same money that
- 23:06Speaker 6: they're pocketing, you know, that was just going to you know,
- 23:10Speaker 6: it was always being paid by whoever had to pay
- 23:12Speaker 6: the bill, whether it was a health planner or an employer.
- 23:15Speaker 6: You know, they came in with a noble mission. They
- 23:17Speaker 6: did something some things right. They've certainly lost their way.
- 23:21Speaker 6: I think you said, you know, there's a lot of
- 23:22Speaker 6: new companies that are ushering in a new age, but
- 23:26Speaker 6: we certainly don't want to go back to the wild West.
- 23:28Speaker 6: There's a reason PBMs came about to begin with. And
- 23:31Speaker 6: you know, we'll see where we're all heads. But even
- 23:34Speaker 6: though it's Jay and j Dollar, you know, followed the
- 23:36Speaker 6: Dollar Report that they put out every year. Obviously the
- 23:39Speaker 6: PBMs are taking a cut, but you know, three point
- 23:41Speaker 6: forty b the government the government programs, and I support
- 23:45Speaker 6: all of them.
- 23:45Speaker 5: I'm not saying anything critical, but as a fact of.
- 23:47Speaker 6: The matter, you know, they do show that a lot
- 23:49Speaker 6: of the money that's being spent is going all over
- 23:51Speaker 6: the place. It's not just going to drug companies, it's
- 23:54Speaker 6: not just going to pharmacies. It's you know, it is
- 23:56Speaker 6: being wasted everywhere. So there's a lot of a lot
- 23:59Speaker 6: of Thing's the point too there, absolutely, But you know,
- 24:02Speaker 6: I'm I'm all aboard seeing what happened with this report
- 24:04Speaker 6: and seeing what happens from here.
- 24:07Speaker 3: Yeah, those good insights, especially from someone who when you
- 24:13Speaker 3: design systems and software, there's a lot of black and
- 24:17Speaker 3: white that goes into that because it's very factual. It
- 24:20Speaker 3: either works or it doesn't. It's either going to corrupt
- 24:23Speaker 3: later based on something else that you're plugged into it,
- 24:26Speaker 3: or it's going to be stable, you know, and it's
- 24:27Speaker 3: going to So it's like, I think, from your mind
- 24:30Speaker 3: and your perspective, it really makes sense the way that
- 24:33Speaker 3: even business should be and business people that are in business,
- 24:38Speaker 3: people that are lifers. You're doing what's best for the
- 24:42Speaker 3: whole ecosystem. There's no reason that you can't make money
- 24:44Speaker 3: at it, but it's got to be cyclical and giving
- 24:49Speaker 3: value back.
- 24:50Speaker 4: And yeah, that's it said.
- 24:52Speaker 3: Hey, last up on twerqu's news. Not sure if you
- 24:57Speaker 3: saw this, but this is from across the Pond. Pharmacy
- 25:01Speaker 3: business over in London put out an article. It says
- 25:06Speaker 3: pharma companies embrace AI to speed up clinical trials and
- 25:10Speaker 3: regulatory processes. AI helps the pharmaceutical companies to fulfill tedious
- 25:15Speaker 3: tasks as well as submission submissions using less time. This
- 25:20Speaker 3: absolutely makes sense to me. Here here's where in law
- 25:24Speaker 3: you know AI lies. It can really speed up access,
- 25:30Speaker 3: you know, accessing information and looking at data over millions
- 25:34Speaker 3: of cases. Of the same you know, variation and something
- 25:39Speaker 3: that changes very minute in a small percentage. Let's pretend
- 25:44Speaker 3: that they do a million people on a specific drug
- 25:48Speaker 3: and they saw this tiny, tiny two percent of this
- 25:52Speaker 3: horrible outcome. Right now you're able to kind of basically
- 25:57Speaker 3: take that same data and now leap frog the speed
- 26:01Speaker 3: of clinical research because now you're relying on the data
- 26:07Speaker 3: that AI has brought to the table. Because of all
- 26:09Speaker 3: the outcomes of a million people. It's like basically saying, Wow,
- 26:14Speaker 3: that's an opportunity to to speed things up. And instead
- 26:18Speaker 3: of spending that money all over again starting from scratch,
- 26:21Speaker 3: you could start from a start studying the two percent
- 26:25Speaker 3: that had an adverse reaction and really dial into what
- 26:28Speaker 3: happened with them and getting more data out of it.
- 26:31Speaker 3: But what do you think of this, this impacting clinical trials?
- 26:35Speaker 6: I mean, that's one of the areas pharmaceuticals are benefiting
- 26:38Speaker 6: in a practical way from AI more than almost anyone
- 26:41Speaker 6: else in the healthcare ecosystem. I mean, there's so many
- 26:44Speaker 6: areas where pharma is using AI right now, and I
- 26:47Speaker 6: mean this is to help well, I think you spelled
- 26:49Speaker 6: down that second bulletpoint said something as you were scrolling
- 26:52Speaker 6: like at Nevardes from a selection time from weeks to
- 26:56Speaker 6: a two hour meeting. I mean that I think that
- 26:58Speaker 6: headline right there kind of says it. I mean, that's
- 27:01Speaker 6: that's what happens. But even like on the formulation side,
- 27:04Speaker 6: I've heard of you know, they're able to I'm not
- 27:08Speaker 6: sure the right word for it, but like create the
- 27:11Speaker 6: molecules or synthesiz it's like they're able to hit the
- 27:14Speaker 6: mark in like hours, days, weeks rather than years. Where
- 27:19Speaker 6: you know, AI is just looking at this data and
- 27:21Speaker 6: it's putting together models, and it's doing so much so
- 27:24Speaker 6: quickly that you know, they're they're able to bring these
- 27:26Speaker 6: drugs to market, not just because they're making manpower you
- 27:30Speaker 6: know and doing efficiency gains, but even in the research,
- 27:33Speaker 6: like AI is finding you know, better products to build
- 27:37Speaker 6: you know, lack of a better word, you know, so
- 27:40Speaker 6: quickly that it's like drugs are coming to market and
- 27:42Speaker 6: they are being found. You know, it's crazy how much
- 27:45Speaker 6: the pharma is being impacted right now.
- 27:47Speaker 8: Yeah, yep, yep.
- 27:50Speaker 5: We're really exciting.
- 27:51Speaker 4: We're going to be talking more about this. We would
- 27:54Speaker 4: like to.
- 27:57Speaker 3: Put together this mind share of people that are getting
- 28:01Speaker 3: much deeper into using artificial intelligence for different components of
- 28:07Speaker 3: the entire pharmacy care ecosystem, pharma research, clinical trials, and
- 28:14Speaker 3: even the specific player. I think of Daniel Plummer dialing
- 28:18Speaker 3: into pregnancy. I think of Jenna Quinn and pediatrics, and
- 28:22Speaker 3: I'm thinking of Tamar Rugel's and senior care and so
- 28:25Speaker 3: on and so forth, where we now have experts that
- 28:28Speaker 3: can start using some of these tools that people like you,
- 28:32Speaker 3: Sean are building to really help accelerate their capacity as
- 28:37Speaker 3: a pharmacist that's dialed into very specific things that people
- 28:42Speaker 3: go through, and we need the insights of those pharmacists
- 28:45Speaker 3: to leverage. AI shout out to my guys over at
- 28:48Speaker 3: Nested Knowledge. We're going to be working on some releases
- 28:52Speaker 3: coming up the evidence based podcasting concept, and Sean, we're
- 28:59Speaker 3: going to be working with JB Consulting in the future too,
- 29:02Speaker 3: just to do more extraction of data and resource and
- 29:06Speaker 3: reference and connection by the use of artificial intelligence. So
- 29:11Speaker 3: what other organizations have you ever heard about doing stand
- 29:16Speaker 3: up jobs in specifically around pharmacy care in any of
- 29:20Speaker 3: the sectors.
- 29:23Speaker 6: I mean, I see just there's there's probably more to
- 29:26Speaker 6: even thing to mention, like there's so many AI companies.
- 29:29Speaker 6: Go to any trade show, go in the exhibit booth,
- 29:32Speaker 6: and it's like you can't throw you can't throw something
- 29:35Speaker 6: without hitting an AI booth or hitting hitting.
- 29:38Speaker 5: Some kind of a demo. There's just so much.
- 29:41Speaker 4: I don't want to say it's becoming a commodity.
- 29:42Speaker 6: It's not like the right, that's not fair to say,
- 29:44Speaker 6: but it is going to really be not like, you know,
- 29:48Speaker 6: can AI do it? Like Ai'll be able to do it.
- 29:50Speaker 6: People have a million choices, they can do it themselves.
- 29:52Speaker 6: It al wayd be like how are people choosing to
- 29:55Speaker 6: use it? You know, and like they said that the
- 29:57Speaker 6: pharmacists who uses AI will replace the pharmacists who doesn't
- 30:01Speaker 6: use AI or the company rather than you know, AI
- 30:05Speaker 6: replacing everyone. Hopefully it's the people who are leveraging it
- 30:08Speaker 6: are you know, I don't want to say replacing, but
- 30:09Speaker 6: they're the ones who are going to thrive, you know,
- 30:11Speaker 6: in the economy and in the environment where you know,
- 30:14Speaker 6: imagination and things like that are really the only limiting factor.
- 30:18Speaker 5: Really really exciting times.
- 30:19Speaker 4: Yeah, it really is.
- 30:21Speaker 3: So we have a episode coming out on Twerks with
- 30:25Speaker 3: j M or TJM Labs, which is an AI group
- 30:30Speaker 3: that is doing more about workflow and they're kind of
- 30:34Speaker 3: dialing into different things in the independent community pharmacy space,
- 30:38Speaker 3: but they'll be definitely an organization that I kind of
- 30:41Speaker 3: want to mix in so that we have nights of
- 30:43Speaker 3: the roundtable of organizations that are trusted not only in
- 30:47Speaker 3: the strengths that they bring to the table in the
- 30:49Speaker 3: reference and the usage of artificial intelligence, but more specifically,
- 30:54Speaker 3: I think of like you, Sean and your group, you
- 30:57Speaker 3: have such a niche in special pharmacy over the years
- 31:01Speaker 3: where you were it wasn't you weren't even calling it
- 31:05Speaker 3: AI back back when you were doing it. It was
- 31:08Speaker 3: more like a workflow, custom workflow. But you could really
- 31:12Speaker 3: see as it as the as the beginnings of using
- 31:17Speaker 3: AI on artificial intelligence. It's probably more like artificial reference
- 31:21Speaker 3: back then to reference data and stuff like that. But yeah,
- 31:26Speaker 3: you guys have come a long way. It's it's pretty
- 31:29Speaker 3: pretty neat to see how to where you are today.
- 31:31Speaker 3: When when did you start really dialing into specialty pharmacy.
- 31:37Speaker 6: Our first project was I think nineteen ninety eight. We
- 31:41Speaker 6: were building a workflow automation and optimization tool for an
- 31:45Speaker 6: infusion site down in Delaware and they were explaining to us,
- 31:49Speaker 6: you know, all the different workflows and why you know,
- 31:52Speaker 6: they're doing more than just filling prescriptions, and they explained
- 31:56Speaker 6: kind of what we do. They didn't say specialty, but
- 31:59Speaker 6: you know, they were explaining that the clinical management and
- 32:01Speaker 6: how after it goes out, we saw have to call
- 32:02Speaker 6: the patient and we have these reminders to reach out
- 32:05Speaker 6: and questions we ask and they're explaining therapy management to
- 32:08Speaker 6: us back then. So we're building tools out, you know,
- 32:12Speaker 6: back then to help you know, with prior off automation
- 32:15Speaker 6: when that started coming out, and you know, all the
- 32:18Speaker 6: things everyone has seen. But it's been a it's been
- 32:21Speaker 6: a great journey. I mean, it's such a it's such
- 32:22Speaker 6: a fun rewarding industry to be in. I mean the work,
- 32:25Speaker 6: it lines people's pockets. Like you said, it's capitalists, but
- 32:29Speaker 6: really at the end of the day, I mean it's patients,
- 32:31Speaker 6: it's pharmacists, it's caregivers, it's families. I Mean there's a
- 32:34Speaker 6: lot of great things that can you know, warm the
- 32:36Speaker 6: heart to say, you know, within the pharmacy industry as
- 32:39Speaker 6: a whole. And when you know, my team's staying up
- 32:41Speaker 6: late and writing lots of code and automating something.
- 32:44Speaker 5: Sure, that's fun, that's awesome. We're all challenged by it.
- 32:47Speaker 6: But when you actually see the result and like you know,
- 32:49Speaker 6: family members, their children are getting medications sooner, you know,
- 32:53Speaker 6: in some cases the same day, not like weeks or
- 32:55Speaker 6: months later, because we're just smashing these barriers, you know,
- 32:58Speaker 6: to access and these things that just.
- 32:59Speaker 5: Took so much time.
- 33:01Speaker 6: Technology is moving it forward every step of the way
- 33:03Speaker 6: so that people don't have to wait weeks and months
- 33:05Speaker 6: to start a therapy. I mean, you don't used to
- 33:07Speaker 6: hear that and just blew your mind how that could happen.
- 33:09Speaker 5: It still happens, but.
- 33:10Speaker 6: Technology is really accelerating, you know, in so many good
- 33:13Speaker 6: ways the patient experience and also for the caregivers and
- 33:16Speaker 6: the family. So our company here at JB we always
- 33:19Speaker 6: think about the caregivers, the family, the patients, and that's
- 33:22Speaker 6: obviously why we're here. I know every other pharmacist that's
- 33:25Speaker 6: how they feel as well.
- 33:28Speaker 3: All right, so you have to promise to get back
- 33:33Speaker 3: on twerks, let's dig into let's build another conversation with
- 33:37Speaker 3: someone else that's out there that's doing it, using it.
- 33:40Speaker 3: And then also the tools that you're developing in specialty pharmacy, Sean,
- 33:46Speaker 3: let's get a couple of your pharmacy clients to come
- 33:51Speaker 3: on and really talk about how this impacts workflow, patient care,
- 33:56Speaker 3: the dreaded prior authorization processes. Hey, if you're watching us
- 34:02Speaker 3: live on LinkedIn, on Instagram YouTube, thanks so much for
- 34:07Speaker 3: watching tworks today. Today's Twerks is going to be brought
- 34:11Speaker 3: to you, brought to you by multiple organizations, but a
- 34:14Speaker 3: shout out to IPC Independent Pharmacy Cooperative. I was talking
- 34:18Speaker 3: to Marcus Senza. You're going to hear that interview I
- 34:22Speaker 3: think coming next. He's coming on, coming in the studio,
- 34:25Speaker 3: going to be talking with us. Marcus Senza, the CEO
- 34:28Speaker 3: of IPC.
- 34:29Speaker 4: This is a guy that.
- 34:30Speaker 3: I want you to meet up with, Sean when we're
- 34:32Speaker 3: all at the Assembia twenty the Access twenty sixth summit.
- 34:37Speaker 3: This is like my Super Bowl business drill down in
- 34:42Speaker 3: specialty pharmacy and it's one of my most favorite conferences.
- 34:47Speaker 4: That you cannot beat the food.
- 34:48Speaker 5: There.
- 34:50Speaker 3: A shout out to our team over at at Assembia
- 34:54Speaker 3: and what they do and how hard they work. Shout
- 34:58Speaker 3: out to Chris Ben's He's just amazing. But talk to
- 35:02Speaker 3: us a little bit about Access twenty six. What do
- 35:04Speaker 3: you want to do when you're you and I are
- 35:06Speaker 3: going to have a segment on the on the show floor,
- 35:10Speaker 3: But what do you what do you want to accomplish
- 35:11Speaker 3: it at Access this year?
- 35:14Speaker 5: I can't wait.
- 35:14Speaker 6: I mean, this is this is like you said, this
- 35:16Speaker 6: is the super Bowl. Everyone loves it out there, and
- 35:20Speaker 6: you know, I think just hearing what people are actually doing,
- 35:23Speaker 6: Like last year, there was a lot of people talking
- 35:25Speaker 6: about what they plan to do, what they're hoping to do,
- 35:28Speaker 6: a lot of follow the leader in.
- 35:29Speaker 5: Terms of tech adoption.
- 35:31Speaker 6: You know, I can't wait to kind of talk to
- 35:33Speaker 6: some of the companies about what they.
- 35:35Speaker 5: Have been doing last year. Yeah, we got Charlie Sheen
- 35:39Speaker 5: and Elvis duran Do you know how to speak for itself?
- 35:42Speaker 3: When I see when I see superstars, you know, showing
- 35:46Speaker 3: up at at Access to Pharmacy and they get some
- 35:51Speaker 3: really good people, I'll give.
- 35:52Speaker 4: It to him.
- 35:52Speaker 9: They do.
- 35:53Speaker 5: She certainly didn't.
- 35:54Speaker 3: I would rather meet up with Sheila Arquette, or I
- 35:57Speaker 3: would rather meet up with Harry Travis, or I would
- 36:00Speaker 3: rather meet up with you then then get an opportunity
- 36:04Speaker 3: to talk with Elvis Durant. Not that not that he's
- 36:07Speaker 3: not cool and what he's done and everything, but like
- 36:09Speaker 3: when I go to these business conferences, like I want
- 36:12Speaker 3: to get I want to get in the heads and
- 36:14Speaker 3: I want to talk to the movers and shakers inside
- 36:18Speaker 3: specialty pharmacy and Charlie Sheen.
- 36:20Speaker 4: I mean, if I.
- 36:21Speaker 3: Could get a photo op, that might be cool, But
- 36:23Speaker 3: that's the guy I want to talk to.
- 36:27Speaker 6: I mean, it's the good news that you can do both.
- 36:30Speaker 6: You can still talk to Sheila and Harry because they'll
- 36:33Speaker 6: all still be out there.
- 36:36Speaker 5: I mean, hey, they get star power is what Mbia
- 36:38Speaker 5: has always done. They do a great job.
- 36:42Speaker 6: You got Fish actually bookending at the Sphere too, the
- 36:45Speaker 6: band Fish for the fish heads out there.
- 36:48Speaker 4: I know that.
- 36:49Speaker 6: Yeah, they're going to be at the Sphere the weekend
- 36:51Speaker 6: before and the weekend after for anyone who's going to
- 36:54Speaker 6: be in Vegas. But yeah, Chris Ben's I mean, he
- 36:56Speaker 6: does such a great job. He's a friend of mine
- 36:57Speaker 6: as well. Yeah, he such a such a good job.
- 37:01Speaker 6: I mean that thing it wouldn't be what it is
- 37:03Speaker 6: without him. And I mean I always joke like I
- 37:05Speaker 6: see him on the way out when the show is over,
- 37:08Speaker 6: and I swear he's already working on the next year's show.
- 37:11Speaker 6: He like, he says he's gonna go take some time
- 37:13Speaker 6: and relax, but he doesn't. You can tell he's already
- 37:15Speaker 6: doing it, so he doesn't. He never stand And there's
- 37:17Speaker 6: George Bush, I mean, Brett Bear. Look at all these guys.
- 37:20Speaker 6: So they bring out the star power for sure. But
- 37:22Speaker 6: it's a great opportunity to meet with, you know, all
- 37:24Speaker 6: the stakeholders. If there's anyone you want to meet with,
- 37:26Speaker 6: they'll be out there. So you know, I can't wait
- 37:28Speaker 6: to sit down. You know, pharma clients, the pharmacies, all
- 37:32Speaker 6: the tech vendors. Just really check in and see what's
- 37:34Speaker 6: going on, get some good food, and you know, have
- 37:36Speaker 6: a great time out there.
- 37:37Speaker 4: It is It's a very good time.
- 37:39Speaker 3: The party that they have is a big deal. I
- 37:43Speaker 3: always enjoy it. I enjoy seeing people. But yeah, Acembia
- 37:48Speaker 3: is coming. If you are going to Assembia twenty twenty
- 37:52Speaker 3: six Access to Pharmacy April twenty sixth through thirtieth at
- 37:58Speaker 3: the Win and on or Las Vegas, we will be
- 38:01Speaker 3: set up, we will be pressed, we will be hot,
- 38:03Speaker 3: we will be talking about all kinds of subjects. If
- 38:07Speaker 3: you want to get involved in the show. Reach out
- 38:10Speaker 3: to us. Go to pharmacypodcast dot com, go to the
- 38:14Speaker 3: the contact page. Let me know that you're going to
- 38:16Speaker 3: be there and tell me what it is that you're
- 38:18Speaker 3: doing in the specialty pharmacy space, because that's that's why
- 38:23Speaker 3: we cover these shows. We always interview people who are
- 38:26Speaker 3: talking about that cutting edge and what's working and what's
- 38:29Speaker 3: not working and how to improve it and yeah, talk
- 38:33Speaker 3: with us.
- 38:33Speaker 4: Meet up with Sean too.
- 38:34Speaker 3: Sean, you'll have a segment there that will be we'll
- 38:38Speaker 3: be digging into some of the things that you're you're exploring.
- 38:42Speaker 5: Yeah, I'll be out there.
- 38:43Speaker 6: I'd love to meet with anybody you know coming up.
- 38:45Speaker 6: And Todd, I can't wait to see you out there too.
- 38:47Speaker 6: It'll be a lot of fun.
- 38:48Speaker 3: Thank you. All Right, Well that's it for Tork's News.
- 38:52Speaker 3: We're going to take a quick break and you're going
- 38:54Speaker 3: to hear from Marcus Senza here with a IPC see
- 38:58Speaker 3: a chef.
- 39:06Speaker 10: This episode is sponsored by Independent Pharmacy Cooperative, widely known
- 39:10Speaker 10: as IPC. Established in nineteen eighty three, IPC is the
- 39:14Speaker 10: nation's largest group purchasing organization owned by Independent Pharmacy with
- 39:18Speaker 10: a mission of maximizing the success of community pharmacists. IPC
- 39:22Speaker 10: works to provide members with access to effective programs and
- 39:26Speaker 10: services designed to enhance profitability for independent pharmacy.
- 39:30Speaker 5: Read more about our mission.
- 39:31Speaker 10: By checking out our website at ipcurx dot com. That's
- 39:35Speaker 10: ipcarx dot com.
- 39:51Speaker 3: Hey on this weekend, pharmacy lots going on, kicking off
- 39:55Speaker 3: of the what is this? This is? You know whose
- 40:00Speaker 3: track of time? With how fast it goes? Today is
- 40:04Speaker 3: the thirtieth Oh my goodness, gracious Friday, January thirtieth, the
- 40:10Speaker 3: last this Week in Pharmacy of January twenty twenty six.
- 40:13Speaker 3: Where did this month go? This is incredible. I think
- 40:18Speaker 3: with the Pharmacy Fifty Awards, we really spend so much
- 40:22Speaker 3: time in celebrating that and reviewing the connections of some
- 40:28Speaker 3: of the most influential people in pharmacy that by the
- 40:31Speaker 3: time I get to the end of the month, I
- 40:32Speaker 3: forgot that we we're here and we're heading into February.
- 40:40Speaker 3: I'd like to welcome back to This Week in Pharmacy
- 40:43Speaker 3: the CEO of Independent Pharmacy Cooperative IPC, my friend Mark Essenza. Mark,
- 40:48Speaker 3: how are you?
- 40:52Speaker 8: Oh, good to see you, and happy New Year to
- 40:54Speaker 8: you and all your viewers and listeners.
- 40:56Speaker 1: Nice to see you.
- 40:57Speaker 3: Nice to see you too. Lots happening such a short
- 41:00Speaker 3: amount of time. I think that it's February already. I
- 41:06Speaker 3: can't believe that it's gone that fast. We're in the
- 41:10Speaker 3: midst of snowmageddon here in western southwestern Pennsylvania. How are
- 41:16Speaker 3: you guys holding up where you're at. I know that
- 41:18Speaker 3: I think your whole family is off today because of
- 41:21Speaker 3: the weather.
- 41:21Speaker 8: Yeah, we've definitely had an ice ster if. I live
- 41:24Speaker 8: in Dallas, although our corporate offices are in Madison, Wisconsin.
- 41:27Speaker 8: But both locations are having challenges. But I've got the
- 41:30Speaker 8: whole family home and it's been nice as much as
- 41:32Speaker 8: I travel to actually have the kids in the house
- 41:35Speaker 8: and although they're always wondering what Dad's doing in his
- 41:39Speaker 8: office all day.
- 41:41Speaker 3: All right, let's get into business. So this Week in Pharmacy,
- 41:44Speaker 3: we'd very much like to talk about the future of
- 41:48Speaker 3: independent community pharmacy, some of the focuses that you amplify
- 41:51Speaker 3: the success of our independent community pharmacies throughout the nation.
- 41:55Speaker 3: But before that, there was some news that just came
- 41:58Speaker 3: out in this Week in Pharmacy, and that was the
- 42:03Speaker 3: story of the payment cards settlement, and you guys did
- 42:07Speaker 3: a great job on the blog. I'm going to have
- 42:09Speaker 3: this blog link in the show notes where it says
- 42:11Speaker 3: the payment cards settlement a practical guide, but give us
- 42:16Speaker 3: an overview of this mark.
- 42:17Speaker 8: I mean, we're very excited that we've been listening to
- 42:20Speaker 8: other courts and getting the settlement down for independent pharmacy
- 42:23Speaker 8: where we've been cut out of these payment cards in
- 42:25Speaker 8: the past, and what we've tried to do is on
- 42:27Speaker 8: our own website is exactly how do you log in
- 42:29Speaker 8: and start directing your funds back to you. We've already
- 42:33Speaker 8: had a couple of manufacturers that we've already received notice
- 42:38Speaker 8: exactly what the dollar figures are back of the IPC office,
- 42:40Speaker 8: because we also get it not only at the individual level,
- 42:43Speaker 8: but at the corporate level. But what we're trying to
- 42:46Speaker 8: do is get the word out to make sure that
- 42:48Speaker 8: you go out and you claim the money that is
- 42:51Speaker 8: owed to you because of these practices that were being
- 42:54Speaker 8: done that we're unfair to independent pharmacy.
- 42:57Speaker 3: Yeah, I think of business that are are doing an
- 43:04Speaker 3: increasing amount of business through through their credit cards and
- 43:08Speaker 3: debit cards, and for something like this to happen, it's
- 43:11Speaker 3: like just one more strat or one more struggle that
- 43:16Speaker 3: you have to deal with, but for them to come
- 43:17Speaker 3: to to a claims and being able to get dollars back,
- 43:22Speaker 3: that's so important. I'm glad that you guys are reporting
- 43:24Speaker 3: on this. This practical guide takes you through step by
- 43:27Speaker 3: step of what you should be doing as an independent
- 43:30Speaker 3: pharmacy owner. So once again, I'm going to have this
- 43:32Speaker 3: link in the show notes. But let's get to more fun,
- 43:37Speaker 3: fun things to talk about. I love talking about business development.
- 43:39Speaker 3: I love talking about cash based programs of where a
- 43:44Speaker 3: community pharmacy is and engaging their community through services that
- 43:47Speaker 3: are needed. IPC has been supportive of all of your
- 43:51Speaker 3: members and doing such things. But what's at the top
- 43:54Speaker 3: of your mind as we go into February twenty twenty
- 43:57Speaker 3: six for our for our community market But.
- 44:01Speaker 8: What's really been prevalent out of the marketplace? And are
- 44:05Speaker 8: seeing this all over social media, You're seeing this through
- 44:08Speaker 8: the government. But is a lot of this direct consumer
- 44:11Speaker 8: based marketing that is happening right now. A lot of that,
- 44:17Speaker 8: you know, is both an opportunity and a risk for
- 44:19Speaker 8: independent pharmacy where we get disintermediated to these mail orders
- 44:24Speaker 8: because there is some massive mail orders and hubs that
- 44:27Speaker 8: are being put out there, hundreds of millions of dollars
- 44:29Speaker 8: being spent on these on these uh these buildouts by
- 44:31Speaker 8: these PE firms. But what we believe is and what
- 44:36Speaker 8: we've been pitching to the to our manufacturer community, and
- 44:38Speaker 8: we've been working hard on this since we already see
- 44:40Speaker 8: our end brand UH here a couple of weeks ago
- 44:43Speaker 8: in Austin, Texas, and we're starting to get interraction with
- 44:45Speaker 8: the manufacturers, is that is there a direct community rather
- 44:48Speaker 8: than a direct to consumer program. And typically what we
- 44:52Speaker 8: were working on and where we've had the most traction
- 44:55Speaker 8: is into two forms. One is is being able to
- 44:58Speaker 8: get a brand manufacturer to start to give us actual
- 45:03Speaker 8: discounts or actual contracts at retail. So if you're a
- 45:06Speaker 8: retailer and you're able to get a contracted price on
- 45:08Speaker 8: a brand drug and then you're still able to apply
- 45:10Speaker 8: your whack minus discount with your primary wholesaler and stack it,
- 45:14Speaker 8: then all of a sudden, when you're at a WP
- 45:16Speaker 8: minus twenty four, which is a typical reimbursement, you can
- 45:20Speaker 8: actually be in the black on those types of brand prescriptions.
- 45:23Speaker 8: So that's one portion of it. The other portion is
- 45:26Speaker 8: is that disintermediating the PBMs of this chain is these
- 45:32Speaker 8: directly to the consumer cards where there will be a
- 45:35Speaker 8: buydown of the products. In other words, you've seen all
- 45:38Speaker 8: over the place these GLP ones being sold at one
- 45:40Speaker 8: hundred and forty nine dollars even though whack we know
- 45:43Speaker 8: is at thirteen hundred. Well, there are mechanisms that we're
- 45:46Speaker 8: currently working on where we'll be able to introduce to
- 45:49Speaker 8: those types of pricings in community pharmacy and through a
- 45:53Speaker 8: specific bin in the adjudication side. On the cash side,
- 45:58Speaker 8: we can buy those down and avoid the PBMs and
- 46:01Speaker 8: be able to get those prices out of the consumers
- 46:03Speaker 8: and still have those particular drugs at a profit for
- 46:08Speaker 8: the pharmacy. As we see more and more of these
- 46:11Speaker 8: things coming along with Trump our X, we don't know
- 46:12Speaker 8: how that's going to come come to fruition, but we
- 46:16Speaker 8: believe it's going to be a direct consumer model and
- 46:18Speaker 8: being able to play in that space, have the logistics,
- 46:22Speaker 8: have the infrastructure for independent pharmacy, and we're doing back
- 46:26Speaker 8: at the office to make sure that we're ready for
- 46:28Speaker 8: us and we can take advantage of as it comes along.
- 46:33Speaker 3: Yeah, I like the direct community. The news that came
- 46:38Speaker 3: out a couple of weeks ago with nine of the
- 46:42Speaker 3: largest pharma companies inc Deals with Trump to lower drug prices.
- 46:47Speaker 3: There's a lot of misconceptions of what this means, but
- 46:51Speaker 3: it's the community of pharmacy that already has a trust
- 46:54Speaker 3: and relationship with their community and their and their people
- 46:57Speaker 3: to demystify stuff like this and then bring them back
- 47:01Speaker 3: to the community of pharmacy and say, hey, we can
- 47:04Speaker 3: set up models in our own community to make sure
- 47:07Speaker 3: that you're taking medications safely. But you're getting great pricing
- 47:12Speaker 3: based on the relationships that they have with their community pharmacy.
- 47:16Speaker 3: And there's going to be a continued mix between our
- 47:19Speaker 3: traditional transactions that are backed by a PBM executing the funds,
- 47:29Speaker 3: and then the realm of the cash based and the
- 47:31Speaker 3: opportunity to grow your cash base and the opportunity to
- 47:34Speaker 3: grow memberships. I think of memberships in healthcare, counseling in
- 47:40Speaker 3: diabetes and hypertension and different maybe a high blood pressure,
- 47:45Speaker 3: glucose monitoring, how to best use your glucose monitor, whatever
- 47:49Speaker 3: it is. There is opportunities that IPC has always had
- 47:53Speaker 3: these programs that are supportive to community pharmacies to do
- 47:57Speaker 3: more to extend more healthcare services through the transaction, so
- 48:01Speaker 3: that it's not just a commodity. It's saying, hey, your
- 48:04Speaker 3: prescription is just the start of this. And especially if
- 48:08Speaker 3: you're in a chronic condition, to do more with the
- 48:13Speaker 3: communications that you have with your community. How what are
- 48:17Speaker 3: some ways that you can talk to the listener right now?
- 48:20Speaker 3: How should they be communicating best with their community to
- 48:24Speaker 3: once again demystify the news that might be confusing, or
- 48:29Speaker 3: or just general communications to stay in touch with their
- 48:33Speaker 3: people in their community.
- 48:35Speaker 8: Well, I think a lot of these independent pharmacies many
- 48:39Speaker 8: times are at times even the social hubs or the
- 48:43Speaker 8: gathering points, and a lot of these in a lot
- 48:44Speaker 8: of these smaller communities. So as a matter of just
- 48:48Speaker 8: having those conversations one on one of those patients as
- 48:50Speaker 8: to what's coming down, especially as they recognize somebody coming
- 48:53Speaker 8: into the high copay that hey, you know what, there's
- 48:56Speaker 8: a there's now a brand discount buydown on this particular drug.
- 48:59Speaker 8: That it may not count towards your towards your yearly
- 49:03Speaker 8: maximum out of pocket, but it will certainly save you money,
- 49:06Speaker 8: you know, in the in the short term. Here and
- 49:08Speaker 8: and really going through and helping to manage the members
- 49:11Speaker 8: that are coming in UH to look for the guidance
- 49:15Speaker 8: not only of the clinical guidance from the from the
- 49:17Speaker 8: from the pharmacy, but also what's the financial guidance. Because
- 49:20Speaker 8: these the ubiquitousness of these discount cards, you're spending almost
- 49:24Speaker 8: as much time trying to adjudicate and put something down
- 49:26Speaker 8: the right byplan at this at this at the the
- 49:29Speaker 8: counter as you are on the right medication and making
- 49:31Speaker 8: sure they're adherent to it. The other thing is is
- 49:34Speaker 8: that what we want to do is we want to
- 49:36Speaker 8: continue to make sure that we got these adherence markers
- 49:40Speaker 8: out there in the marketplace. So we have at i
- 49:42Speaker 8: PC a new program that was a pilot out in
- 49:45Speaker 8: New Jersey where we were working specifically with one provider
- 49:49Speaker 8: that was a Part D plan where they were looking
- 49:53Speaker 8: for help specifically on their patient population that was non adherent,
- 49:57Speaker 8: and they gave us, they gave us the Independent Pharmacy
- 50:00Speaker 8: these almost eight hundred prescriptions of patients in December that
- 50:03Speaker 8: were non adherent to their you know, to their program,
- 50:07Speaker 8: and by the end of by the end of December,
- 50:08Speaker 8: we had well over six hundred those patients back on
- 50:11Speaker 8: a regiment and doing you know, doing what they were
- 50:13Speaker 8: supposed to be doing as part making sure they're taking
- 50:15Speaker 8: their medications. That not only gets the pharmacy uh, you know,
- 50:19Speaker 8: the patient interactions. Uh, there's there's also revenue chains that
- 50:23Speaker 8: come along with that for that particular pharmacy, but it
- 50:26Speaker 8: also helps the the part deep plan in making sure
- 50:29Speaker 8: that they're securing their their star rating, to make sure
- 50:32Speaker 8: that their adherent skills are being taken care of, and
- 50:34Speaker 8: working collaboratively with some of these organizations as to where
- 50:38Speaker 8: are the value chains uh in you know, in the
- 50:41Speaker 8: pockets of these big payers that make sense to them
- 50:44Speaker 8: that they may not have these interactions directly with independent
- 50:47Speaker 8: pharmacy or any any pharmacy by that matter, that we're
- 50:49Speaker 8: starting to give them programs and services where we can
- 50:52Speaker 8: actually impact things such as star ratings and patient outcomes.
- 50:56Speaker 3: Mark, It's funny to think that big organization that drill
- 51:01Speaker 3: down into local representation value the relationships that the community
- 51:09Speaker 3: pharmacies have with their patients and how that means better
- 51:12Speaker 3: health care overall. You know, we've always talked about our
- 51:16Speaker 3: community of pharmacies reaching out to their local state representatives
- 51:21Speaker 3: on a yearly basis to give them updates of what's happening,
- 51:24Speaker 3: either through a tour or through a legislative day or something.
- 51:28Speaker 3: But doing that same thing for your insurers, especially if
- 51:32Speaker 3: there's local representation, to bring them into your pharmacy and
- 51:35Speaker 3: say here's what's going on if they work with them
- 51:38Speaker 3: as a payer. It's the human to human connection that
- 51:42Speaker 3: all of a sudden people are like, Wow, there's ideas
- 51:45Speaker 3: that start going off, and then these payers start leaning
- 51:48Speaker 3: into these community of pharmacies that have these strong relationships.
- 51:53Speaker 3: I think that's important. I think the creativity that's coming
- 51:55Speaker 3: out of your team and what you guys are constantly
- 51:58Speaker 3: seeing because you're not just seeing it from one community.
- 52:01Speaker 3: IPC is seeing it from the entire nation and being
- 52:04Speaker 3: able to see what's working in San Francisco versus what's
- 52:08Speaker 3: working in Camden, New Jersey. And I think that there's
- 52:13Speaker 3: a lot of data and there's a lot of qualifiable
- 52:17Speaker 3: ways of accelerating success, especially with the mixture of direct
- 52:23Speaker 3: to consumer and cash based and what Mark Cuban is doing,
- 52:28Speaker 3: and so the public ends up scratching their head a
- 52:32Speaker 3: lot and not really understanding what's going on. And I
- 52:34Speaker 3: think that that trust that's already there is so important
- 52:38Speaker 3: for education and communication.
- 52:40Speaker 5: Yeah, absolutely.
- 52:41Speaker 8: I mean one of the thing is is that every
- 52:43Speaker 8: channel partner needs to be educated is to what's happening
- 52:46Speaker 8: in community pharmacy. So for instance, here Friday afternoon, I
- 52:49Speaker 8: have a manufacturer's meeting and it's specifically around why there's
- 52:54Speaker 8: script abandonment in independent pharmacies sometimes or that they get
- 52:59Speaker 8: switched over to another formula or therapy because of the
- 53:02Speaker 8: economics of their particular branded product and they.
- 53:06Speaker 5: Have no under no understanding that.
- 53:08Speaker 8: Well, you do realize that, you know, the PBMs are
- 53:10Speaker 8: reimbursing at AWP minus twenty four twenty six, so unless
- 53:15Speaker 8: you're buying from your wholesale at whack minus twelve, which
- 53:18Speaker 8: doesn't exist anywhere, those are always underwater. So of course
- 53:21Speaker 8: these trusted advisors out in the community are going to
- 53:25Speaker 8: make sure that the doctors are writing for the scripts
- 53:28Speaker 8: that make you know, makes sense for the patient, makes
- 53:30Speaker 8: sense for the pharmacy to be able to support these
- 53:32Speaker 8: patients through their you know, through their health journey. So
- 53:36Speaker 8: between manufacturers, you know, lawmakers, payers, employers, all those types
- 53:43Speaker 8: of things, it's a matter of you know, never stopping
- 53:46Speaker 8: the education and never stop, you know, flying the flag
- 53:49Speaker 8: as to exactly what it is, because a lot of
- 53:51Speaker 8: people have absolutely no clue as to what's happening out
- 53:54Speaker 8: in the marketplace. Because it's a very complex.
- 53:56Speaker 3: Thing it is. It's confusing, and with confusion comes is
- 54:00Speaker 3: trust and therein lies a way to capitalize on your
- 54:04Speaker 3: relationship with your community as a pharmacy owner, reaching out
- 54:07Speaker 3: to a mayor, reaching out to a state rep, reaching
- 54:10Speaker 3: out to a community, a health community center, grow beyond
- 54:16Speaker 3: pharmacy advertising to attract new growth. With IPC, there's a
- 54:21Speaker 3: place on the website of the IPC Cooperative where you
- 54:25Speaker 3: can go and you can find some guidance about marketing,
- 54:29Speaker 3: about communications. The team at IPC has a deep understanding
- 54:34Speaker 3: and knowledge not only in general but even regional and
- 54:38Speaker 3: being able to tap into something that's happening regionally. But
- 54:43Speaker 3: take advantage of that. If you're listening and you don't
- 54:45Speaker 3: have that kind of relationship with a buying group or
- 54:49Speaker 3: an organization that you're working with, check them out and
- 54:52Speaker 3: see if there's someone on the team that can bring
- 54:55Speaker 3: some light and a new way of turning a new
- 54:57Speaker 3: program that will equal new foot traffic to your pharmacy
- 55:01Speaker 3: As well as new engagement and those relationships and building
- 55:05Speaker 3: is so important for growth. Mark, That's why I love
- 55:09Speaker 3: being in touch with so many of your team members
- 55:13Speaker 3: and how important it is to have the right mix
- 55:17Speaker 3: of people on your team between government relations and business
- 55:20Speaker 3: development and marketing and account management and even the warehouse
- 55:24Speaker 3: of what you guys are doing this This is awesome.
- 55:27Speaker 8: Yeah, It's been definitely a journey the last several years
- 55:31Speaker 8: as we try to we try to reimagine what IPC
- 55:35Speaker 8: is from being a volume aggregator to being a pharmacy
- 55:38Speaker 8: services company. I think we've done a lot of We've
- 55:40Speaker 8: taking a lot of steps and making sure that we're
- 55:42Speaker 8: able to give our members practical items that they can
- 55:46Speaker 8: implement within workflow that will affect the bottom line, will
- 55:50Speaker 8: increase patient traffic, will improve reimbursements. But it's a continuing journey. So,
- 55:55Speaker 8: I mean, twenty twenty six is a very unique year.
- 55:58Speaker 8: I think the IRA drugs at the beginning of this
- 56:00Speaker 8: month and now that we're thirty days in there, we
- 56:06Speaker 8: were looking at it being you know, quite potentially even catastrophic,
- 56:09Speaker 8: but it seems to have been quite muted and it
- 56:12Speaker 8: seems to be working. The things that are on Beacon
- 56:15Speaker 8: seem to be showing up and luckily, knock on Wood,
- 56:18Speaker 8: we weren't. We weren't impacted by any of the WAG
- 56:22Speaker 8: decreases where we were sitting on any inventory where we
- 56:25Speaker 8: ended up losing money. And I know we advertise that
- 56:27Speaker 8: heavily to the members to make sure they did the same.
- 56:29Speaker 8: So those are the types of things where you've got
- 56:31Speaker 8: the ira A drugs, You've got the next set of
- 56:33Speaker 8: ira A drugs coming in. You've got the Trump RX
- 56:36Speaker 8: coming in, which will be a buydown program. A lot
- 56:39Speaker 8: of these things will be rebated on this MFN or
- 56:41Speaker 8: Most Favored Nation with the drugs that the administration is
- 56:46Speaker 8: talking about. So there's going to be implications on your GCR,
- 56:50Speaker 8: you know, from the rara A drugs. There's going to
- 56:52Speaker 8: be certainly cash flow implications from some of these other
- 56:56Speaker 8: programs where you're going to have to be making sure
- 56:58Speaker 8: that you're putting in for these rebates or buydowns. But
- 57:03Speaker 8: it's never not changing. But I think that what we're
- 57:06Speaker 8: trying to do with IPC is help everybody navigate through
- 57:08Speaker 8: it and create programs to maximize the benefit of the
- 57:12Speaker 8: stores but also become an important partner to manufacturers, insurers
- 57:16Speaker 8: and whatnot, so we actually get paid for what we do,
- 57:18Speaker 8: and that's kind of what we're trying to do.
- 57:20Speaker 5: And part of that is is, you.
- 57:21Speaker 8: Well know, with the the latest bill that hopefully passes
- 57:25Speaker 8: the Senate here, we do have a Medicare part D
- 57:29Speaker 8: implication to that which will be fairly positive for us.
- 57:32Speaker 8: It's got some any willing provider status, it's recognized as
- 57:36Speaker 8: reasonable and relevant drug pricing reimbursements delinks some of the
- 57:40Speaker 8: compensation that's out there with the PBMs. So it's not
- 57:43Speaker 8: PBM reform, but certainly we're excited that it's a step
- 57:47Speaker 8: forward in the right direction, and we continue to fight
- 57:49Speaker 8: PBM reform where we can get read of spread pricing,
- 57:52Speaker 8: get the Nate Act pricing in for pharmacies, as well
- 57:55Speaker 8: as at some point getting into provider status where we
- 57:59Speaker 8: can start to manage at the top of our license
- 58:01Speaker 8: and become an important part of the healthcare destination in
- 58:04Speaker 8: America because we are the most successible part of the ecosystem.
- 58:08Speaker 8: I mean, most people see their pharmacist at least once
- 58:11Speaker 8: a month, and maybe their doctors once, you know, once
- 58:13Speaker 8: a quarter or twice a year, so We're trying to
- 58:16Speaker 8: make sure that we give everybody the tools as well
- 58:19Speaker 8: as the legislation behind it to be able to manage
- 58:21Speaker 8: to the top of their licenses as they do in
- 58:23Speaker 8: other countries.
- 58:25Speaker 3: Absolutely, thank you, Mark, thank you so much for giving
- 58:30Speaker 3: us an update and preparing us for twenty twenty six.
- 58:33Speaker 3: I cannot wait to see you at some of the
- 58:36Speaker 3: upcoming national conferences that are that are going to be
- 58:40Speaker 3: popping up. I can't believe how fast things are coming.
- 58:44Speaker 3: We know that you'll be at a Sambia, your team
- 58:47Speaker 3: will be obviously at the NCPA. I think we're going
- 58:52Speaker 3: to be reconvening in the IPC booth at at the
- 58:57Speaker 3: Big mckesson's show. And now it's the idea share there
- 59:03Speaker 3: in Jaim, Yes, idea share. That's the idea. But I
- 59:07Speaker 3: also wanted to make an announcement that we have a
- 59:11Speaker 3: special new team member of IPC coming on who I've
- 59:15Speaker 3: known since twenty thirteen through LinkedIn, which is Shelley Bailey
- 59:20Speaker 3: in your strategy department. And I would just want to
- 59:22Speaker 3: say congratulations to Shelley. I can't wait to have her
- 59:25Speaker 3: on this week in Pharmacy and dial in and connect
- 59:30Speaker 3: with her and get some of her ideas. I think
- 59:32Speaker 3: that's a strong, strong person have on your team.
- 59:36Speaker 8: Absolutely. She's an independent pharmacy owner. At a time she
- 59:41Speaker 8: owned a very large specialty pharmacy. She was on the
- 59:44Speaker 8: national Advisory Board for independent Pharmacies for McKesson. She's had
- 59:49Speaker 8: her own her own business of doing in viature fertilization
- 59:54Speaker 8: and she's been a consult for a lot of years
- 59:56Speaker 8: and just a great talent and we're excited to have
- 59:58Speaker 8: her join the team here at IBC.
- 1:00:00Speaker 3: We're excited too, can't wait till once again have her
- 1:00:03Speaker 3: on the show. So we have targeted you, Shelley. A
- 1:00:06Speaker 3: shout out to Shelley Bailey, You're coming on twerks. We've
- 1:00:08Speaker 3: got to get to a TOWRKS event for you. But Mark,
- 1:00:12Speaker 3: this has been special. Thank you so much for being
- 1:00:14Speaker 3: on this Week in Pharmacy.
- 1:00:16Speaker 8: Thank you for having me, and thank you for all
- 1:00:17Speaker 8: that you do on a daily basis and a weekly
- 1:00:19Speaker 8: basis for all those independent pharmacists that are out there
- 1:00:21Speaker 8: to keep them informed and keep our chins up.
- 1:00:25Speaker 3: Absolutely, take a look at ipcrx dot com once again,
- 1:00:31Speaker 3: that's ipcarx dot com. And we thank you IPC for
- 1:00:36Speaker 3: sponsoring today's tworks, and we're going to take a short
- 1:00:40Speaker 3: break and we'll be right back.
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- 1:01:19Speaker 12: That's matchrx dot com.
- 1:01:30Speaker 3: Hey, welcome back to twerks this Week in Pharmacy, January thirtieth.
- 1:01:36Speaker 3: I hope you if you are week working this weekend,
- 1:01:41Speaker 3: I hope you stay warm. It's going to get frigid.
- 1:01:43Speaker 3: I think tonight Friday is negative eight, negative eight, negative
- 1:01:50Speaker 3: freakin' eight here in west southwestern Pennsylvania and the Pittsburgh area.
- 1:01:54Speaker 5: Hey, I have.
- 1:01:57Speaker 3: A interview with some one. At the last minute I
- 1:02:01Speaker 3: was able to get on this week in pharmacy and
- 1:02:04Speaker 3: take advantage of LinkedIn and of Instagram. The power of
- 1:02:09Speaker 3: social media when it's used correctly is is just freaking amazing.
- 1:02:13Speaker 3: And I looked into Saki Patel in her background in
- 1:02:20Speaker 3: the formation of something called Cure Voice, and how she's
- 1:02:24Speaker 3: gonna be leveraging AI and and of course consultancy internally
- 1:02:29Speaker 3: with her partner to build this system that helps pharmacy students,
- 1:02:34Speaker 3: young pharmacists learn better communication skills. This freaking idea set
- 1:02:40Speaker 3: my head on fire. So I'm I'm so excited to
- 1:02:43Speaker 3: welcome to twerks today, Saki. It's so good to see you.
- 1:02:48Speaker 3: Welcome to twerks.
- 1:02:50Speaker 13: Hi, so good to be here. Thanks for having me.
- 1:02:53Speaker 3: Yeah, do you do you can you twerks? You can't
- 1:02:57Speaker 3: tworx No, not gonna do it. Maybe someday when we're
- 1:03:02Speaker 3: all together, maybe at eight one of these days, we'll
- 1:03:05Speaker 3: go out to the club or something like that. And
- 1:03:09Speaker 3: in sunny, sunny California. Can't wait. I need some sunny California.
- 1:03:12Speaker 3: Negative eight. What's the coldest it is where you're at
- 1:03:16Speaker 3: right now?
- 1:03:17Speaker 13: Sixties? Oh shut, I hate to rub salt in the wound.
- 1:03:21Speaker 9: But yeah, when you said negatively I was like, yeah,
- 1:03:23Speaker 9: that couldn't be us.
- 1:03:26Speaker 3: My poor puppies will go out in the morning to
- 1:03:29Speaker 3: go to the bathroom first thing in the morning, and
- 1:03:31Speaker 3: they run. They're not even out there, not even two minutes.
- 1:03:34Speaker 3: They're like right back to the door. They're like, uh ah,
- 1:03:37Speaker 3: this is this is too cold. It's so good that
- 1:03:41Speaker 3: my preface and you being a co founder of Cara Voice,
- 1:03:46Speaker 3: You're you're at UCI Pharmaceutical Sciences. This is your third
- 1:03:51Speaker 3: year going in twenty twenty six. You're gonna graduate what
- 1:03:55Speaker 3: twenty twenty seven? Yes, okay, so goodness gracious, how are
- 1:04:00Speaker 3: you building a company and freaking go into pharmacy school?
- 1:04:05Speaker 3: Like do you need any more stuff to think about
- 1:04:08Speaker 3: and to do? Like that's crazy.
- 1:04:11Speaker 9: Yeah, It's definitely been a process, but I think it
- 1:04:15Speaker 9: helps that I'm extremely passionate about what I'm building, so pretty.
- 1:04:19Speaker 13: Much my free time that I spend on doing this,
- 1:04:21Speaker 13: like it doesn't really feel like work. So I do
- 1:04:23Speaker 13: appreciate that.
- 1:04:26Speaker 3: Well, what I'm what I'm excited about is how much
- 1:04:28Speaker 3: this makes sense in this age, And so lots of
- 1:04:32Speaker 3: discussion and lots of debate on a group of people
- 1:04:37Speaker 3: in media and public relations. I talk with him and
- 1:04:41Speaker 3: we post about how AI is going to impact the
- 1:04:45Speaker 3: realm of communications and how someone like myself, who gen
- 1:04:52Speaker 3: x or I, was born without the Internet, I integrated
- 1:04:55Speaker 3: it into my life. Now all of a sudden, I'm
- 1:04:58Speaker 3: full using as full as much of it as I can.
- 1:05:01Speaker 3: I'm not a programmer. I wish I wish I was,
- 1:05:05Speaker 3: but it's it's interesting to see that this is such
- 1:05:10Speaker 3: a good time to slow everybody down with so much
- 1:05:13Speaker 3: access to so much information. Say, how are you going
- 1:05:16Speaker 3: to communicate with someone that is very scared they're at
- 1:05:20Speaker 3: you know, they're in their emergency room. You're an emergency
- 1:05:23Speaker 3: room pharmacist. Is there is there like a lesson that
- 1:05:27Speaker 3: I could listen to from other emergency room pharmacists that
- 1:05:32Speaker 3: could be like, Hey, here's what to remember in these
- 1:05:35Speaker 3: cases about communications or dealing with patients or so open
- 1:05:40Speaker 3: up about the philosophy of Cure of Voice, and I'm
- 1:05:44Speaker 3: blown away by it. I think it's amazing. So definitely
- 1:05:46Speaker 3: tell us.
- 1:05:48Speaker 13: Yeah, for sure.
- 1:05:49Speaker 9: So where CUA Voice kind of started, It was very
- 1:05:53Speaker 9: much built from my experience as a pharmacy student. My
- 1:05:57Speaker 9: co founder and I are very good friends, and we
- 1:06:00Speaker 9: were I was studying one day with him, not together
- 1:06:03Speaker 9: because you know, he's a computer science guy.
- 1:06:05Speaker 13: But we were studying. I was studying around him, and
- 1:06:08Speaker 13: you know, he was looking at my notes and he.
- 1:06:09Speaker 9: Goes, hey, you know, there has to be a better
- 1:06:11Speaker 9: way for you to practice this, right, Like, how are
- 1:06:13Speaker 9: you supposed to know what to say in your verbal
- 1:06:16Speaker 9: exams and your oscies if you guys don't even like
- 1:06:19Speaker 9: regularly do that in class.
- 1:06:20Speaker 13: And I was like, yeah, but you know, it is
- 1:06:23Speaker 13: what it is, like, that's.
- 1:06:23Speaker 9: Kind of just how it's been. You know, you practice
- 1:06:25Speaker 9: for your osci, you take it, it's over. And he's like, well,
- 1:06:29Speaker 9: what if I built a voice spot that simulated a patient?
- 1:06:32Speaker 9: Would that help you? And I said, I mean, I
- 1:06:34Speaker 9: don't think you can, but sure you can try, right,
- 1:06:37Speaker 9: And you know, a few days later he comes back
- 1:06:39Speaker 9: with a very you know, element rudimentary prototype of you know,
- 1:06:43Speaker 9: this patient simulator and I used it a few times
- 1:06:46Speaker 9: and I thought, wow, like this, if I had this
- 1:06:49Speaker 9: earlier when I was doing my oscies, you know, my
- 1:06:51Speaker 9: p one year, this would have made it so much
- 1:06:54Speaker 9: less intimidating. And if I had this practice before I
- 1:06:57Speaker 9: went on my IPPI rotations, this would have made talking
- 1:07:00Speaker 9: to patients way less intimidating, because you know, you can
- 1:07:03Speaker 9: have all the knowledge in the world, and school does
- 1:07:05Speaker 9: an excellent job of teaching you everything, right, teaching you
- 1:07:07Speaker 9: all the drug interactions and teaching you all the side
- 1:07:09Speaker 9: effects and all the wonderful things we need to know
- 1:07:12Speaker 9: as pharmacy professionals, but we don't get a lot of
- 1:07:15Speaker 9: practice on how to say those things.
- 1:07:18Speaker 2: Right.
- 1:07:19Speaker 9: When a patient asks, you know, how does my ozembic work,
- 1:07:22Speaker 9: I can't tell them it's a golp one, right.
- 1:07:25Speaker 13: They're not going to know what to do with that information.
- 1:07:28Speaker 9: And obviously, as students, sometimes I think we're not challenged
- 1:07:31Speaker 9: enough to think of these things in layman terms and
- 1:07:33Speaker 9: to think of them in a way where we can
- 1:07:34Speaker 9: explain it to patients.
- 1:07:35Speaker 13: So, you know, we took this idea with Cure of Voice.
- 1:07:39Speaker 9: We entered a few demo competitions and entrepreneurship, and that
- 1:07:42Speaker 9: was kind of my first intro into the world of entrepreneurship,
- 1:07:45Speaker 9: was these like startup competitions. We got some funding through
- 1:07:49Speaker 9: some of those. We were lucky enough to secure that,
- 1:07:51Speaker 9: and so we've just kind of been building the tool
- 1:07:53Speaker 9: ever since, and we've been getting more pharmacy students on
- 1:07:56Speaker 9: the platform, and they've been seeing a true benefit with
- 1:07:59Speaker 9: how something like this a very low stakes environment to
- 1:08:02Speaker 9: practice their patient interactions. And the tool has even grown
- 1:08:05Speaker 9: to not just be a patient simulator, but it's also
- 1:08:08Speaker 9: grown to be a study platform where students can upload
- 1:08:12Speaker 9: their notes and they can get custom study materials. They
- 1:08:15Speaker 9: can get quizzes that don't just ask recall questions, they're
- 1:08:17Speaker 9: all case based questions. You know, fifty five year old
- 1:08:20Speaker 9: male comes into the pharmacy as XYZ symptoms, what do
- 1:08:23Speaker 9: you do?
- 1:08:25Speaker 10: You know?
- 1:08:25Speaker 9: And it's there's a bunch of different ways that we
- 1:08:28Speaker 9: attune to different learning styles, So we have quizzes, flash cards,
- 1:08:31Speaker 9: mind maps, soap notes, so it does generate custom soap
- 1:08:34Speaker 9: notes based on whatever lectures you upload.
- 1:08:37Speaker 13: And then of course the simulation features, so you.
- 1:08:39Speaker 9: Can either practice with very specific ones catered to your
- 1:08:42Speaker 9: slide deck, or you can just you know, go nuts
- 1:08:44Speaker 9: and go random and you can type in your own
- 1:08:46Speaker 9: scenario if you really want.
- 1:08:47Speaker 13: To, and the tool goes practice with both clinical scenarios
- 1:08:50Speaker 13: and non clinical scenarios.
- 1:08:51Speaker 9: So you know, sometimes patients ask why did I pay
- 1:08:55Speaker 9: this much it?
- 1:08:56Speaker 13: Or copaid this?
- 1:08:57Speaker 9: In January but I didn't pay anything last month, right,
- 1:09:00Speaker 9: So it's a skill being able to explain those things.
- 1:09:02Speaker 9: And I think that's definitely not a portion we really
- 1:09:04Speaker 9: get talked to you enough about in school, So I
- 1:09:07Speaker 9: think having that kind of on the side is a
- 1:09:08Speaker 9: junk practice can definitely help us prepare for the real world.
- 1:09:12Speaker 9: So that's kind of Cure Voice's origin story and where
- 1:09:15Speaker 9: we stand as a company right now.
- 1:09:17Speaker 13: Pretty much.
- 1:09:18Speaker 3: I love it, Saki. This is visionary and it's I
- 1:09:23Speaker 3: think it could continue to grow. I see applications for
- 1:09:26Speaker 3: this and so many learning instances, and not only for
- 1:09:30Speaker 3: pharmacy students and for new pharmacy students, but for our
- 1:09:34Speaker 3: pharmacy technicians and understanding how to handle certain certain difficult cases.
- 1:09:40Speaker 3: And you know, if you exercise a muscle and then
- 1:09:44Speaker 3: you go out for competition, or you go out for
- 1:09:48Speaker 3: a triathlon and you've done a lot of training and
- 1:09:51Speaker 3: a lot of stretching, guess what you're You're probably not
- 1:09:55Speaker 3: going to get injured most likely because your body's ready
- 1:09:58Speaker 3: for it and your performed for that actual event is huge.
- 1:10:03Speaker 3: And that's exactly what Cure of Voice is. It's an
- 1:10:06Speaker 3: exercise machine to uh hit a portion of what it
- 1:10:11Speaker 3: means to be a pharmacist, and probably just about any
- 1:10:15Speaker 3: setting because I can see this. We go to every
- 1:10:19Speaker 3: conference on the sun for specialty pharmacy, for community, for
- 1:10:23Speaker 3: long term care, for technology, and even even the big
- 1:10:28Speaker 3: events like like h l t H Health, which it's
- 1:10:32Speaker 3: a it's a mashup of every person, even the financing
- 1:10:35Speaker 3: organizations and the the big businesses and the VC companies.
- 1:10:39Speaker 3: But this, this makes sense, and this is this is
- 1:10:43Speaker 3: coming from your perspective, which is very important because you're
- 1:10:47Speaker 3: you're doing it from Hey, this is what I was
- 1:10:51Speaker 3: going through at the time. And and like you said,
- 1:10:54Speaker 3: imagine that at P one level, you already you know,
- 1:10:56Speaker 3: had something like this which you could feed and have
- 1:10:59Speaker 3: it feedback to you extra questions from a lesson that
- 1:11:03Speaker 3: you just learned, and having the voice start interacting with
- 1:11:07Speaker 3: that data. So this is this is brilliant.
- 1:11:11Speaker 13: Thank you, thank you so much.
- 1:11:14Speaker 3: So you told me before you came into the studio
- 1:11:18Speaker 3: that you're headed to APHA twenty twenty six. So tell
- 1:11:24Speaker 3: our listeners where you're going to be and how they
- 1:11:26Speaker 3: can meet up with you if they're going to go.
- 1:11:29Speaker 9: Yes, So we'll be in Los Angeles for APHA twenty
- 1:11:32Speaker 9: twenty six. We'll be at Booth eight twenty three in
- 1:11:34Speaker 9: the exhibitor hall. So if you are going, please stop buy.
- 1:11:37Speaker 9: I would love to say hi and just talk to
- 1:11:39Speaker 9: you about the tool and you know, whatever else do
- 1:11:41Speaker 9: you want to talk about. I just love meeting other
- 1:11:43Speaker 9: pharmacy people really, so yeah, come see us if you
- 1:11:46Speaker 9: have the.
- 1:11:47Speaker 3: Time, that's awesome. So what part of the country are
- 1:11:51Speaker 3: you in right now?
- 1:11:52Speaker 13: I'm in Irvine, California, so so kel.
- 1:11:55Speaker 3: So, this is how far for you of a trip.
- 1:12:00Speaker 13: If traffic is forgiving about forty five minutes.
- 1:12:04Speaker 3: That's nice. I've never I'm from Pittsburgh, so we have
- 1:12:08Speaker 3: a huge conference center down you know, in the downtown,
- 1:12:13Speaker 3: and no one ever comes to Pittsburgh in the farmery world,
- 1:12:16Speaker 3: I don't. I always have to go the closest conferences
- 1:12:20Speaker 3: I get are if there's one in Harrisburg, which is
- 1:12:23Speaker 3: usually the Pennsylvania Pharmacists Association, or maybe like Columbus or
- 1:12:28Speaker 3: Cleveland that is about two hours away. And if I
- 1:12:31Speaker 3: can drive to a conference, it's my favorite because I
- 1:12:34Speaker 3: don't have to put up with airports. I don't have
- 1:12:37Speaker 3: to put up with like, you know, the bag stuff,
- 1:12:39Speaker 3: and I get to carry more stuff, and so I'd
- 1:12:42Speaker 3: much rather drive.
- 1:12:43Speaker 13: Oh yeah, one hundred percent.
- 1:12:46Speaker 3: All right, Well, I so excited that you got to
- 1:12:49Speaker 3: come on this week in pharmacy. You have to promise
- 1:12:51Speaker 3: me that you'll be coming back to Twerks in the
- 1:12:53Speaker 3: future to talk more with us.
- 1:12:55Speaker 13: Yes, for sure, we'll be back.
- 1:12:58Speaker 3: We'll be right back as well. So hang on.
- 1:13:03Speaker 10: Feeling lost with the complexities of pharmacy accounting and.
- 1:13:06Speaker 14: In pharmacy today, there's so many different variables and issues
- 1:13:11Speaker 14: that impact the pharmacy, books, records, accounting, the profitabilities, sore
- 1:13:15Speaker 14: or so forth. There's different components of pharmacy that have
- 1:13:18Speaker 14: its own nuances from an accounting standpoint, and so it's
- 1:13:22Speaker 14: it's tricky, there's no doubt about it.
- 1:13:23Speaker 10: Ready to take your pharmacy to the next level, but
- 1:13:26Speaker 10: don't know where to start. Psychs and Company is here
- 1:13:29Speaker 10: to help, introducing the RX Assessment. With the RX Assessment,
- 1:13:33Speaker 10: the pharmacy CPAs and advisors at PSYCHS will do a
- 1:13:36Speaker 10: deep dive into your accounting and tax situation and give
- 1:13:40Speaker 10: you the action steps you need to take to take
- 1:13:42Speaker 10: your pharmacy to the next level.
- 1:13:44Speaker 14: If you're interested in you know working with a team
- 1:13:47Speaker 14: who understands the industry and how the accounting and tax
- 1:13:51Speaker 14: should really be in a pharmacy. This is this is
- 1:13:54Speaker 14: your chance to get under the hood check of what's
- 1:13:57Speaker 14: going on and getting the feedback of any shoes, our concerns,
- 1:14:01Speaker 14: or again things we think you're doing really well.
- 1:14:03Speaker 10: Get the financial check up your pharmacy needs and head
- 1:14:05Speaker 10: over to Seychs HYPHENCPA dot com or call two five
- 1:14:09Speaker 10: to two four eight two seven six four four.
- 1:14:24Speaker 3: Hey, welcome back to this week in pharmacy. And what
- 1:14:28Speaker 3: a day it's been. Holy cow, it's the weekend. I
- 1:14:33Speaker 3: hope you pharmacists listening. I hope you're you're taking time
- 1:14:37Speaker 3: to get some rest. It's chili cold here in western Pennsylvania.
- 1:14:40Speaker 3: I think I woke up this morning to negative two.
- 1:14:44Speaker 3: And I have three Corgis, and we have a baby
- 1:14:49Speaker 3: Corgi right now. He's only about sixteen sixteen months versus
- 1:14:56Speaker 3: sixteen weeks. He's not that he's not that young. It
- 1:14:59Speaker 3: has to be months anyway, So I'm teaching him to
- 1:15:02Speaker 3: go outside with the other two adult corgis. It's so
- 1:15:04Speaker 3: easy to potty train dogs that can follow other dogs.
- 1:15:10Speaker 3: And I don't know if anyone has a puppy right now,
- 1:15:12Speaker 3: but if you can team up with the adult dog,
- 1:15:16Speaker 3: it takes I think it takes training to a much
- 1:15:20Speaker 3: more accelerated level. But my one middle aged Corgie, she's
- 1:15:26Speaker 3: about five or six, she held her pop this morning
- 1:15:30Speaker 3: while she was outside, and I've never seen her do that,
- 1:15:33Speaker 3: and it was because of how freaking cold it was
- 1:15:36Speaker 3: outside this morning. So if you're dealing with the cold,
- 1:15:40Speaker 3: no that I'm thinking about you and we tell us
- 1:15:44Speaker 3: what you went through, send us some pictures of shoveling
- 1:15:47Speaker 3: your walkway. You know, it's a way to get through it.
- 1:15:52Speaker 3: I like the personalization of what our network has created.
- 1:15:55Speaker 3: Thank you so much for all of your feedback from
- 1:15:58Speaker 3: the pharmacy fifty A ward wards. We're getting so much
- 1:16:02Speaker 3: attention from LinkedIn and through Instagram. Thank you so much
- 1:16:07Speaker 3: for recognizing people in our profession that are really changing
- 1:16:12Speaker 3: the game and really trying to do more with less.
- 1:16:16Speaker 3: That's what our independent communities are going through. That's with
- 1:16:19Speaker 3: some of our health systems and hospitals are going through.
- 1:16:23Speaker 3: They have to turn over high quality care with less
- 1:16:27Speaker 3: resources and sometimes staffing. So it's changing. I see twenty
- 1:16:31Speaker 3: twenty six is going to be a great year. Hey,
- 1:16:35Speaker 3: I want to talk about change. I want to talk
- 1:16:38Speaker 3: about expertise today, and if you listened in on the
- 1:16:42Speaker 3: last several months, I think starting in July twenty twenty five,
- 1:16:48Speaker 3: the Pharmacy Podcast Network has been talking more and more
- 1:16:52Speaker 3: and featuring more people, more pharmacists who are dialing into
- 1:16:56Speaker 3: contraception and birth control and how important that is, especially
- 1:17:00Speaker 3: with some of the shutdown that we saw happening with
- 1:17:03Speaker 3: planned parenthoods throughout the country. I don't really care at
- 1:17:08Speaker 3: all what your politics are. I'm more concerned with where
- 1:17:12Speaker 3: is our people? Where are where are women? Where are men?
- 1:17:17Speaker 3: Where are families accessing contraception consultancy and oversight? And I
- 1:17:24Speaker 3: was like, what better provider who already has access to
- 1:17:29Speaker 3: all the knowledge around other medications that that patient might
- 1:17:33Speaker 3: be going through or their family or whatever that could
- 1:17:36Speaker 3: impact so many things in their life, but now put
- 1:17:40Speaker 3: birth control in their hands and especially where they're able
- 1:17:43Speaker 3: to prescribe. So I'm really excited about this whole concept,
- 1:17:47Speaker 3: and we're going to have more and more content on
- 1:17:50Speaker 3: dialing into the clinical, the research, the technology. It's going
- 1:17:57Speaker 3: to be involved the engagement, the educator. So stay tuned
- 1:18:01Speaker 3: to More Pharmacy podcast Network and This Week in Pharmacy.
- 1:18:05Speaker 3: But on this Week in Pharmacy, I'm welcoming doctor Jenny
- 1:18:10Speaker 3: Nowlan onto the show from the birth control pharmacist community.
- 1:18:16Speaker 3: Welcome Jenny, Hi, thanks so much for having me, absolutely
- 1:18:22Speaker 3: so Sally as a hero of mine. She was the
- 1:18:26Speaker 3: first pharmacist, Sally Raffie. Doctor Raffie brought us much of
- 1:18:32Speaker 3: the information that helped kick us off with understanding how
- 1:18:35Speaker 3: more pharmacists, how more community pharmacy, how more consultant pharmacists
- 1:18:41Speaker 3: can get involved in contraception and family planning. And like
- 1:18:46Speaker 3: I said, it doesn't it make sense as a farm
- 1:18:49Speaker 3: d to use pharmacist to use all of that other
- 1:18:53Speaker 3: information points about a patient's total health. And now we
- 1:18:58Speaker 3: dial into country expand on on your vision of how
- 1:19:02Speaker 3: a pharmacist can blow that up.
- 1:19:06Speaker 2: Yeah, I think pharmacists are really well positioned. There's over
- 1:19:10Speaker 2: three hundred and fifty different FDA prove birth control. So
- 1:19:15Speaker 2: who would know better about what's best for an individual
- 1:19:18Speaker 2: patient than drug experts because there are so many different
- 1:19:21Speaker 2: options that each have their own little nuances and you know,
- 1:19:24Speaker 2: things that may make them the best choice for a
- 1:19:26Speaker 2: patient or not. And so with my work with Birth
- 1:19:30Speaker 2: Control Pharmacist, we're really focused on working with people on
- 1:19:34Speaker 2: the ground who are providing care and figuring out what
- 1:19:38Speaker 2: do they need to be able to do this because
- 1:19:40Speaker 2: previous research has shown the majority of pharmacists think this
- 1:19:44Speaker 2: is a good idea. They want to provide access for
- 1:19:46Speaker 2: their patients. They're very interested in it. They have the
- 1:19:50Speaker 2: educational background and preparation, but the problem is not many
- 1:19:55Speaker 2: are doing it. So we're really interested in kind of
- 1:19:58Speaker 2: partnering with those who are providing care and figuring out
- 1:20:03Speaker 2: what is it that you need to be able to
- 1:20:05Speaker 2: actually put this into action.
- 1:20:09Speaker 3: All right, let's talk about the research side of it,
- 1:20:12Speaker 3: because you are the director of research for the Birth
- 1:20:15Speaker 3: Control Pharmacist, which is freaking cool. Shout out to our
- 1:20:20Speaker 3: pharmacists out there who are wanting to make a career
- 1:20:24Speaker 3: change or pharmacy students who are thinking I'd love to
- 1:20:29Speaker 3: go into research. I want you to listen in to
- 1:20:32Speaker 3: what Jenny has to share, and I also want you
- 1:20:35Speaker 3: to connect with her on LinkedIn. So if you go
- 1:20:37Speaker 3: to LinkedIn, put in Jenny and it's new one. It's
- 1:20:40Speaker 3: an e WLN connect with her. Let her know that
- 1:20:43Speaker 3: you heard her on This Week in Pharmacy, but talk
- 1:20:46Speaker 3: to us about the research side of this.
- 1:20:49Speaker 2: Yeah. So one of the first things that I did
- 1:20:52Speaker 2: with birth Control Pharmacist was there was funding an opportunity
- 1:20:57Speaker 2: from the CDC, and the CDC was really wanting to
- 1:21:00Speaker 2: figure out how to implement pharmacists prescribe birth control. And
- 1:21:04Speaker 2: so what we did was we put together a study
- 1:21:07Speaker 2: where we actually spoke with a number of different stakeholders.
- 1:21:11Speaker 2: We talked to pharmacists, we talked to staff, we talked
- 1:21:15Speaker 2: to pharmacy owners, we talked to pharmacy executives, and we
- 1:21:19Speaker 2: were trying to figure out what do you need to
- 1:21:22Speaker 2: be able to provide this service, and then out of
- 1:21:25Speaker 2: all the ideas that you have, which seem the most feasible,
- 1:21:29Speaker 2: because we really wanted our research to translate into action,
- 1:21:33Speaker 2: which is sometimes a gap that we kind of see
- 1:21:35Speaker 2: coming out of academia. We see lots of research that
- 1:21:38Speaker 2: looks into all these great things, and we learned amazing things,
- 1:21:42Speaker 2: but then there's kind of that gap where things aren't
- 1:21:44Speaker 2: always being translated into practice, and so we wanted to
- 1:21:48Speaker 2: see of all the ideas of how we can actually
- 1:21:51Speaker 2: implement this service which seemed most feasible to you. So
- 1:21:56Speaker 2: from that we were able to collect some really actionable
- 1:21:59Speaker 2: items and some of the things that came out of that.
- 1:22:03Speaker 2: We then moved on into our next phase of research,
- 1:22:05Speaker 2: which we're currently doing, which is to actually build those
- 1:22:08Speaker 2: resources for people and put it into practice in the
- 1:22:11Speaker 2: real world. So we're actually going to be launching a
- 1:22:16Speaker 2: software soon and pharmacists will be using that software and
- 1:22:20Speaker 2: we're going to see the impact that that has on
- 1:22:23Speaker 2: patients access to care, as well as pharmacists comfort with
- 1:22:27Speaker 2: providing a service, like how easily they are able to
- 1:22:30Speaker 2: integrate it into their workflow and address all those barriers
- 1:22:33Speaker 2: that we've seen prior.
- 1:22:36Speaker 3: So, Jenny, we're noticing the rise of the consultant pharmacists
- 1:22:42Speaker 3: out there. When I first knew what I thought consultant
- 1:22:46Speaker 3: pharmacist was, and this is the way that it was originally,
- 1:22:51Speaker 3: was Hey, you're in long term care pharmacy. You're taking
- 1:22:54Speaker 3: care of our seniors. You dial into dementia or you're
- 1:22:59Speaker 3: dialing into joint issues. And now you become this expert,
- 1:23:02Speaker 3: which is freaking amazing. And shout out to doctor Tamar Rugels,
- 1:23:06Speaker 3: who's our podcaster. That's all about senior care. I love it. However,
- 1:23:10Speaker 3: the consultant pharmacist of today is getting into balancing integrative
- 1:23:16Speaker 3: medicine in the pharmaceutical lines. They're getting into healthcare coaching,
- 1:23:22Speaker 3: which now makes sense because now it's not only it's
- 1:23:27Speaker 3: taking into account your asthma medication or your diabetes or something.
- 1:23:31Speaker 3: So then I heard about, you know, Jenna Quinn, doctor
- 1:23:36Speaker 3: Quinn dialing into pediatrics, and so when you start dialing
- 1:23:39Speaker 3: in specifically into birth control and to build the trust.
- 1:23:45Speaker 3: Pharmacists very trusted anyway, but now you have research that
- 1:23:50Speaker 3: can be can be accessed by a pharmacist or a
- 1:23:54Speaker 3: physician or a specialist, and that's a big part of
- 1:23:58Speaker 3: trust building. It's also a big part of the evolution
- 1:24:02Speaker 3: of what pharmacists are going to be doing in the future.
- 1:24:06Speaker 3: Pharmacists today, some of them will never touch on medication
- 1:24:09Speaker 3: or never dispense the medication. It has to do with
- 1:24:12Speaker 3: the ongoing impact of a certain substance or the pharmacological
- 1:24:17Speaker 3: or the pharmacogenomics or the allergy or whatever it is
- 1:24:21Speaker 3: the testing that's going to be coming in. Would you
- 1:24:23Speaker 3: expand upon where you see the opportunity for our consultant
- 1:24:28Speaker 3: pharmacists going in the realm of contraception.
- 1:24:32Speaker 2: Yeah, I think that instead of looking at birth control
- 1:24:36Speaker 2: as its own isolated service. I mean, I do think
- 1:24:40Speaker 2: looking at it as an isolated service might be the
- 1:24:43Speaker 2: easiest way for many independent pharmacies to start providing the service.
- 1:24:47Speaker 2: But I think if you want to be more specialized,
- 1:24:50Speaker 2: I think there's definitely opportunity to look at the patient
- 1:24:54Speaker 2: more holistically. It's not just birth control, but if they
- 1:24:58Speaker 2: need birth control, the the first easiest step is should
- 1:25:01Speaker 2: they have advanced provision emergency contraception that may be needed.
- 1:25:05Speaker 2: Also looking at vaccinations, you know, have they had the
- 1:25:09Speaker 2: HPV vaccine? Are there other risk factors or other things
- 1:25:13Speaker 2: that they should be looking into if they're getting birth control,
- 1:25:17Speaker 2: maybe you know, for certain patients, depending on risk factors,
- 1:25:21Speaker 2: that might open up conversation about PEP prep for HIV prevention.
- 1:25:25Speaker 2: So I think it's really about looking at the patient
- 1:25:28Speaker 2: as a whole. And so many of these services. If
- 1:25:31Speaker 2: you figure out one, if you figure out what's allowed
- 1:25:33Speaker 2: in your state documentation billing, it's much easier to continue
- 1:25:38Speaker 2: to expand that to the other services that you're allowed
- 1:25:41Speaker 2: to do. So I think it's don't just look at
- 1:25:44Speaker 2: us birth control and isolation. I think there's opportunities to
- 1:25:48Speaker 2: sort of bundle all the services together, thinking about the patient. Yeah,
- 1:25:53Speaker 2: I know pharmacists are encountering a lot of different barriers,
- 1:25:56Speaker 2: but they're super motivated.
- 1:25:58Speaker 1: To carry You're in, Sally, Yeah, I wanted to play
- 1:26:04Speaker 1: something for our listeners, and of course technology did not
- 1:26:10Speaker 1: did not help me.
- 1:26:12Speaker 3: But there was an article that came out in the
- 1:26:15Speaker 3: news just this week. It was all about birth control
- 1:26:21Speaker 3: and pharmacist in the opportunity, and I think, once again
- 1:26:25Speaker 3: that's super important because the consultant pharmacist who is listening
- 1:26:33Speaker 3: right now, who's building their business, who's building their practice,
- 1:26:36Speaker 3: who's reaching out to primary care, who's reaching out to
- 1:26:39Speaker 3: pediatrics or a specialist of some kind in their community
- 1:26:43Speaker 3: where they have a mile radius that's expanding. We have
- 1:26:46Speaker 3: pharmacists who are driving sixty miles to meet with a
- 1:26:50Speaker 3: group of physicians that are dialing into something very specific.
- 1:26:54Speaker 3: That's where a huge portion of the future of pharmacists.
- 1:27:00Speaker 3: I can't stand the naysayers, Jenny. I'm always a half
- 1:27:03Speaker 3: glassful kind of guy, and when I hear them, well,
- 1:27:07Speaker 3: what about the future pharmacists and our jobs? And there's
- 1:27:10Speaker 3: all these closings of stores, and we are in a
- 1:27:14Speaker 3: crappy time right now in the profession. It's just it's
- 1:27:17Speaker 3: just the way it is right now. There's but guess
- 1:27:19Speaker 3: what's happening. It's the plate tectonics of our profession where
- 1:27:24Speaker 3: things are changing permanently. Where the pharmacist is now is
- 1:27:31Speaker 3: now saying to a thirty six year old woman, she's
- 1:27:35Speaker 3: ready to become pregnant, she has asthma, she likes doing triathlons,
- 1:27:41Speaker 3: you know, she's talking more about her holistic health. All
- 1:27:47Speaker 3: of a sudden, the pharmacy enters the chat, has the
- 1:27:51Speaker 3: experience with the birth control, has the experience with asthma medication,
- 1:27:56Speaker 3: and which one she should be doing in what dosing form,
- 1:27:59Speaker 3: and blah blah blah. Like goodness, gracious, what a time
- 1:28:03Speaker 3: to think of being and building your non traditional career path.
- 1:28:12Speaker 2: Yeah, there's really lots of opportunities, I think, you know,
- 1:28:16Speaker 2: pharmacy has so long relied on, you know, one stream
- 1:28:19Speaker 2: of income and through dispensing fees and everything, and it's
- 1:28:23Speaker 2: hard to sort of move beyond that, especially when there's
- 1:28:28Speaker 2: not a great place to land. In many states, medical
- 1:28:32Speaker 2: billing is very complicated, and pharmacists are seeing that they're
- 1:28:37Speaker 2: running into a lot of issues with contracting and credentialing.
- 1:28:40Speaker 2: Even if the state says pharmacists must be paid, there's
- 1:28:43Speaker 2: not always a straightforward path to actually getting paid. And
- 1:28:47Speaker 2: so I think that unfortunately a lot of pharmacists have
- 1:28:50Speaker 2: running that and it is discouraging. But I don't think
- 1:28:54Speaker 2: it's time to give up because I've also heard a
- 1:28:56Speaker 2: lot of pharmacists say things that you know, they sort
- 1:28:59Speaker 2: of dis count it. They say, oh, well, my patient
- 1:29:02Speaker 2: population there's not that many young people. Well, there probably
- 1:29:06Speaker 2: are young people in your community, they're just not coming
- 1:29:09Speaker 2: into your pharmacy because they don't know that you're offering
- 1:29:11Speaker 2: services that them, like birth control. I've also heard, well
- 1:29:16Speaker 2: there's a clinic down the street, so they'll just go there. Well,
- 1:29:20Speaker 2: maybe the patient would prefer to come into your pharmacy.
- 1:29:22Speaker 2: And with the way things are now, that clinically lose
- 1:29:25Speaker 2: funding and may not be available for long. So it
- 1:29:28Speaker 2: is good to continue to explore these new ways that
- 1:29:32Speaker 2: you can sort of adapt your front sea to me,
- 1:29:34Speaker 2: you know, today's needs.
- 1:29:37Speaker 3: It's an opportunity also to stand out as a provider
- 1:29:43Speaker 3: as a pharmacist and let your community, not only the
- 1:29:48Speaker 3: people obviously the patient opportunity of course, but let the
- 1:29:52Speaker 3: nurse practitioner who's building their own practice, let the you know,
- 1:29:57Speaker 3: the state associations know what you're doing, because they like
- 1:30:01Speaker 3: to write press on it, or they like to put
- 1:30:03Speaker 3: the peace out there, they get your name out there.
- 1:30:05Speaker 3: Like there's a whole system to this, and it's where
- 1:30:08Speaker 3: a bunch of salmon swimming upstream of the profession of
- 1:30:13Speaker 3: the entire profession of healthcare. But by the time we
- 1:30:17Speaker 3: get to the point where now it's a fluid way
- 1:30:20Speaker 3: that pharmacists are now being paid for their knowledge and
- 1:30:24Speaker 3: their expertise because they're dialing into disease state or a
- 1:30:27Speaker 3: condition or multiple conditions in one situation. And you are
- 1:30:31Speaker 3: being paid for that expertise, and you're getting paid better
- 1:30:37Speaker 3: because now you're starting to develop a reputation with you
- 1:30:40Speaker 3: in your region as that expert. The reason why I'm
- 1:30:44Speaker 3: giving shout outs to our young pharmacists, to our students
- 1:30:47Speaker 3: right now, start following experts in this spaces of different things,
- 1:30:52Speaker 3: and in this case, follow Jenny Newland from birth control
- 1:30:56Speaker 3: pharmacists and connect with Jenny and ask questions. But start
- 1:31:00Speaker 3: blogging more of yourself. Start getting your paperwork. I'm sorry,
- 1:31:06Speaker 3: your research, get it, even if it's not published yet.
- 1:31:10Speaker 3: Start writing a little bit more on it, and pack
- 1:31:12Speaker 3: yourself so that your resume and the search engines on
- 1:31:16Speaker 3: your name and your Instagram that this is all tying
- 1:31:19Speaker 3: back to your brand too, and how important that is
- 1:31:22Speaker 3: as part of this because going back to Sally, Sally
- 1:31:25Speaker 3: built a brand, but it took her to do this
- 1:31:29Speaker 3: alongside her primary position at the time to feed her
- 1:31:32Speaker 3: family and keep her going. And then she transformed into
- 1:31:37Speaker 3: what now is known as the birth control pharmacist, which
- 1:31:40Speaker 3: is crazy, but a shout out to those pharmacists out
- 1:31:43Speaker 3: there who if you want to make a move into
- 1:31:45Speaker 3: your career, you have to always be working at that.
- 1:31:50Speaker 3: It's like you always have to keep in mind what's
- 1:31:53Speaker 3: my move of where my heart's at and your heart,
- 1:31:56Speaker 3: Jenny is definitely in research, because I see your eyes
- 1:31:58Speaker 3: light up when.
- 1:32:00Speaker 5: You talk about it.
- 1:32:02Speaker 2: Yeah, I was very excited to make a change when
- 1:32:06Speaker 2: I went back to grad school. I actually didn't originally
- 1:32:10Speaker 2: know research was what I was going to do. I
- 1:32:12Speaker 2: thought I would go back and teach, and that's how
- 1:32:14Speaker 2: I would make a difference. And change the profession. But
- 1:32:18Speaker 2: along the way I realized research was a great way
- 1:32:20Speaker 2: to do that, because great way to make change is
- 1:32:21Speaker 2: to have evidence to support it.
- 1:32:24Speaker 3: Absolutely. I love that. All right, well, you have to
- 1:32:28Speaker 3: promise that you'll come back to this week in pharmacy
- 1:32:31Speaker 3: and bring us bring us another pharmacist or bring us
- 1:32:34Speaker 3: a hey. The evolution of the technician and supporting our
- 1:32:37Speaker 3: pharmacists who are now more clinical. I think of the
- 1:32:41Speaker 3: future of technicians where they become your assistance in your consultancy,
- 1:32:48Speaker 3: and it has once again nothing to do with dispensing
- 1:32:51Speaker 3: the physical medication. To get our brains around what the
- 1:32:54Speaker 3: future of pharmacy can hold, it must involve reproductive health.
- 1:33:00Speaker 3: It must involve expertise, It must involve personalization of medication,
- 1:33:06Speaker 3: and start marketing that in your own community so people
- 1:33:10Speaker 3: know that of you. That either brings more attention to
- 1:33:12Speaker 3: the pharmacy itself as a value op, or if you're
- 1:33:16Speaker 3: a hospital system pharmacist, it's now putting your reputation out
- 1:33:19Speaker 3: there so that now you start getting asked by other
- 1:33:23Speaker 3: ogb yns and physicians and specialists and pregnancy experts. They
- 1:33:27Speaker 3: start coming to you and saying, hey, you know you
- 1:33:30Speaker 3: wrote a paper, or you put a blog out, or
- 1:33:32Speaker 3: you had a podcast that was out a year ago,
- 1:33:35Speaker 3: and it was like, what my patient's going through? Can
- 1:33:39Speaker 3: you look at this and kind of give us your oversight?
- 1:33:41Speaker 3: So and it's like, why not. That's that's the future
- 1:33:44Speaker 3: of pharmacy in my book. Yeah, what's next for you?
- 1:33:49Speaker 3: Where are you going to be at any conferences coming up?
- 1:33:51Speaker 3: Or does anyone going to the APHA this year?
- 1:33:54Speaker 2: Yes, I'm going to APHA. I'm actually receiving an award
- 1:33:58Speaker 2: for best Paper of the Year. I did some work
- 1:34:00Speaker 2: on pharmacy working conditions, so it kind of ties into again,
- 1:34:04Speaker 2: I'm very interested in working with frontline pharmacists and figuring
- 1:34:07Speaker 2: out what will practically work for them.
- 1:34:10Speaker 3: Congratulations, Yeah, thank you. Well, I think we're going to
- 1:34:14Speaker 3: be there. I'm pretty sure based on we have clients
- 1:34:18Speaker 3: that we follow around sometimes and you know, build and
- 1:34:21Speaker 3: cover events. But I'm going to reach back out to
- 1:34:23Speaker 3: you because if I'm there, I definitely want to get
- 1:34:25Speaker 3: a quote from you and and and see the experience
- 1:34:29Speaker 3: that you're having in Los Angeles this year.
- 1:34:32Speaker 2: Actually, yes, yep.
- 1:34:34Speaker 3: So much sunnier than in Los Angeles and so much
- 1:34:37Speaker 3: warmer I'm sure in LA right now than Pittsburgh, Pennsylvania. Yeah.
- 1:34:42Speaker 2: Yeah, it will be a short trip for me this
- 1:34:44Speaker 2: year since I'm based in Socole.
- 1:34:47Speaker 9: There you go.
- 1:34:47Speaker 3: What's the weather like in Soco right now?
- 1:34:50Speaker 2: Very sunny and not windy at the moment, so that's good.
- 1:34:54Speaker 3: Shut up, Jenny, I don't want to talk about it.
- 1:34:57Speaker 2: I know I've been very quiet this week. I'm trying
- 1:34:59Speaker 2: not to make my friends and family jealous that are
- 1:35:02Speaker 2: spread out in dealing with this ice storm.
- 1:35:04Speaker 3: So yeah, all right, Well, thank you for being on
- 1:35:07Speaker 3: this week in Pharmacy. Thank you to our pharmacists out
- 1:35:11Speaker 3: there who are changing the game and are working at this.
- 1:35:14Speaker 3: If you ever want any ideas about how to build
- 1:35:18Speaker 3: your brand or connecting with pharmacists that are in a
- 1:35:22Speaker 3: space that you want to get into, reach out to
- 1:35:25Speaker 3: us at the Pharmacy Podcast Network and we'll get you
- 1:35:28Speaker 3: in touch with somebody. But Jenny, thanks for being on twerks.
- 1:35:31Speaker 2: Yep, thank you for having me.