Latest / Pharmacy Podcast Network / TJM Labs and Pharmacists in Politics | TWIRx
Transcript
- 0:05Speaker 1: You are listening to the global network of podcasters dedicated
- 0:09Speaker 1: to the pharmacy profession. Welcome to the Pharmacy podcast Network.
- 0:39Speaker 2: And welcome back to this Week in Pharmacy. I have
- 0:42Speaker 2: two very special guests that really I want to dive
- 0:47Speaker 2: into the impact that artificial intelligence is having on our
- 0:51Speaker 2: pharmacy operations, profitability, marketing strategy.
- 0:55Speaker 3: That's all we're hearing about.
- 0:56Speaker 2: We are so excited about a returning guest who's been
- 1:01Speaker 2: on twerks several times. CEO of TJM Labs, Jonathan Adley,
- 1:07Speaker 2: Welcome back, Jonathan.
- 1:09Speaker 4: Thanks Todd.
- 1:12Speaker 5: Hey.
- 1:12Speaker 2: I also want to welcome our featured special guest, doctor
- 1:16Speaker 2: Bavesh Patel. He's the chief executive officer at Carepoint Pharmacy. Bavesh,
- 1:22Speaker 2: thank you so much for being on twerks.
- 1:25Speaker 4: Yeah, absolutely, it's pleasure.
- 1:26Speaker 6: I'm glad I was able to make time for this
- 1:29Speaker 6: and doctors too formal.
- 1:31Speaker 4: I know technically we earn our.
- 1:33Speaker 6: Doctorate, but it's kind of unusual to hear the word doctor.
- 1:37Speaker 4: Thank you so much.
- 1:39Speaker 2: Yeah, there's many tours that I'm taking to pharmacy schools
- 1:43Speaker 2: over the years, and when I introduced myself, I shake
- 1:46Speaker 2: their hand and I say, I would always introduce yourself
- 1:49Speaker 2: in the future as doctor whoever Smith.
- 1:54Speaker 3: But just call me Todd.
- 1:55Speaker 2: And their reason is is we see a lot of
- 1:58Speaker 2: hospital interactions with people not understanding that their pharmacist is
- 2:03Speaker 2: could could in fact be a farm D.
- 2:05Speaker 3: And I think it. I think it's prevalent.
- 2:08Speaker 2: And and it brings brings positive attention to the pharmacy industry.
- 2:15Speaker 4: I appreciate that.
- 2:16Speaker 2: Well, I'm excited to talk with you both. I have
- 2:20Speaker 2: been so curious. We met up with the t JM
- 2:24Speaker 2: Labs team at a profit summit event dedicated to independent
- 2:29Speaker 2: community pharmacy. We've talked with Jonathan about the specialty pharmacy industry.
- 2:37Speaker 2: We just finished up with a SMBIA. So let's jump
- 2:42Speaker 2: into this conversation. Because from an executive perspective, Bavesh, introduce
- 2:49Speaker 2: yourself to the listeners so they understand who you are
- 2:53Speaker 2: as well as your background with Scriptley and in care Point.
- 2:57Speaker 4: Yeah, so thank thanks for the introduction. Name. My name
- 3:03Speaker 4: is Spoish Fateel.
- 3:04Speaker 6: I'm a you know, pharmacist by training, but entrepreneur at heart.
- 3:11Speaker 6: Graduated in ninety eight from University of Illinois in Chicago
- 3:15Speaker 6: with farm D worked my way from you know, retail store.
- 3:21Speaker 6: Got my experience in retail as a pharmacy technician. Then
- 3:26Speaker 6: was an emerging leader program at Walgreens. From there, I
- 3:31Speaker 6: was there for seven years. I moved on to you know,
- 3:34Speaker 6: CBS Mayloader Pharmacy. Learned a lot about mayloader business at
- 3:40Speaker 6: that time wasn't really that exciting because of the desk job,
- 3:43Speaker 6: and I'm I'm now one of those that sits at
- 3:45Speaker 6: a desk kind of thing. So moved on from there,
- 3:49Speaker 6: was recruited actually by a recruiter for a new company
- 3:57Speaker 6: called over Senior Pharmaceuticals to this point a multi billion
- 4:02Speaker 6: dollar company. So the owner, Tony Orsini, wanted to start
- 4:07Speaker 6: a pharmacy. You already had, you know, you already had
- 4:11Speaker 6: nursing agency DM ME, he had a staffing agency and
- 4:16Speaker 6: in home health, but he was missing a home infusion pharmacy,
- 4:21Speaker 6: so he started pharmacy.
- 4:22Speaker 4: He hired me as the director VP of operations.
- 4:27Speaker 6: This was two thousand and five, two thousand and three
- 4:30Speaker 6: or five somewhere between that, and you know, we grew
- 4:34Speaker 6: that business. We added rare disease and got a lot
- 4:38Speaker 6: of experience in infusion side. But there was this you
- 4:42Speaker 6: know there was this hunger as growing up in India,
- 4:48Speaker 6: always wanted to be an entrepreneur. In twenty eleven, finally
- 4:53Speaker 6: decided that, you know, it's time to move on from
- 4:57Speaker 6: Orsini and sit out the one year nine not compete
- 5:00Speaker 6: that I had with them, and in twenty twelve I
- 5:03Speaker 6: open Carepoint Pharmacy, which now fourteen years later, you know,
- 5:08Speaker 6: we service hundreds of thousands of patients. We've got license
- 5:11Speaker 6: in of fifty states and held me a lot of
- 5:15Speaker 6: contract with most of the PBMs. So that's a little
- 5:17Speaker 6: bit about my history. How did Scriptley come about? In
- 5:23Speaker 6: As we were building the pharmacy. As we were growing,
- 5:26Speaker 6: there were a lot of pain points with our former
- 5:28Speaker 6: software RX thirty. It's a good software, but it's meant
- 5:32Speaker 6: for a small, bomb and pop pharmacy.
- 5:34Speaker 4: It's not really meant to handle huge volumes.
- 5:38Speaker 6: It's not meant to handle different programs if there's no customization.
- 5:42Speaker 4: So we were filling the pinch of growth.
- 5:46Speaker 6: We wanted to accept a new pharma program, but couldn't
- 5:51Speaker 6: do it in the way that RX thirty was set up.
- 5:55Speaker 6: So internally we decided to build our own software. It
- 5:58Speaker 6: took us about eighteen months, close to two years in
- 6:01Speaker 6: the height of COVID. Not sure what we were thinking,
- 6:05Speaker 6: but we invested money in building out Scriptley the way
- 6:09Speaker 6: we wanted to build the way our mail order pharmacy
- 6:15Speaker 6: was built out, you know. So launched on April first,
- 6:20Speaker 6: twenty twenty one.
- 6:21Speaker 4: It was our a.
- 6:22Speaker 6: Proposed choke and it was it was really not a
- 6:26Speaker 6: good It was really really not good launch. We were
- 6:31Speaker 6: down for almost a week because we had to work
- 6:33Speaker 6: through all the years it was creating. But finally when
- 6:37Speaker 6: it actually started working a week later, you know, we
- 6:41Speaker 6: started seeing efficiencies and all of that stuff. You fast
- 6:45Speaker 6: forward from twenty one to twenty six. In twenty twenty one,
- 6:50Speaker 6: we had about one hundred and fifty employees working full time,
- 6:55Speaker 6: doing one third.
- 6:56Speaker 4: Of the volume that we're doing now.
- 6:59Speaker 6: It's just because because you know, the time it took
- 7:01Speaker 6: to process of script for so long. You fast forward
- 7:05Speaker 6: five years with Scriptley, we're half the staff that we
- 7:08Speaker 6: had and we're doing three times the volume.
- 7:11Speaker 4: You know.
- 7:13Speaker 6: But also as we grew, you know, labor market, shortage
- 7:19Speaker 6: of skilled labor market number one number two, a lot
- 7:24Speaker 6: of mail order pharmacy poppying up, offering work from home
- 7:27Speaker 6: and flexibility, so we were having hard time not just
- 7:31Speaker 6: recruiting but also holding on to good talent. And I
- 7:36Speaker 6: think this is where about a year ago or so,
- 7:38Speaker 6: this is where we were introduced.
- 7:40Speaker 4: To TJM Labs.
- 7:43Speaker 6: And we got on a call, we saw the demo
- 7:47Speaker 6: and it's been a iteening, So I'll stop there, but
- 7:51Speaker 6: that's that's.
- 7:51Speaker 4: Where, you know, how care one came, this.
- 7:55Speaker 6: Is how Scriptley came, and that's how we started partnering
- 7:58Speaker 6: with TJMP.
- 8:00Speaker 4: If there's any questions.
- 8:03Speaker 2: Jonathan understands as a pharmacist and someone that's been in
- 8:07Speaker 2: the business for a while, that AI maturity application connection
- 8:14Speaker 2: could not happen at a better time with the distress
- 8:18Speaker 2: that the pharmacy industry is under. Jonathan, the current state
- 8:22Speaker 2: of pharmacy operations, where do you see some of the
- 8:26Speaker 2: major frictions of where TGAM Labs is identified and now
- 8:31Speaker 2: created strategy around getting these obstacles out of the way.
- 8:39Speaker 3: Yeah, great question, Dot.
- 8:42Speaker 5: So you know, as Pavich Kona said that the average
- 8:44Speaker 5: pharmacy today is running on a twenty twenty five year
- 8:48Speaker 5: old old infrastructure of pharmacy management systems and the prescription
- 8:54Speaker 5: data entry as well as so many other things not
- 8:57Speaker 5: just the data entry is very much manual. You have
- 9:01Speaker 5: a tick that sits there, it reads the facts, it
- 9:04Speaker 5: types it into the pharmacy management system, one field at
- 9:07Speaker 5: a time. Imagine this at a high volume, right, You're
- 9:10Speaker 5: talking about four hundred or more scripts a day. It's
- 9:13Speaker 5: very repetitive, very error prawn and it's very very expensive, right.
- 9:19Speaker 5: And that's the friction point that we keep seeing. And
- 9:21Speaker 5: that's exactly what but Fris mentioned is that pharmacies that
- 9:24Speaker 5: are growing, you know, if you grow and your reimbursement
- 9:27Speaker 5: are compressing, because if the BBM and the labor market
- 9:30Speaker 5: is brutal, the mess just doesn't work, right, You cannot
- 9:34Speaker 5: uprate a pharmacy in this old way. That's when you
- 9:38Speaker 5: kind of layer in modern software. That's when you layer
- 9:40Speaker 5: in AI tools and ideas. You know, if you want
- 9:44Speaker 5: if you want to if you want to double your volume,
- 9:46Speaker 5: you want to double your volume without adding any additional headcount,
- 9:49Speaker 5: that's the way to do it.
- 9:51Speaker 6: You're absolutely right Downathan. I think you know, people think
- 9:55Speaker 6: pharmacy is a high margin.
- 9:57Speaker 4: It's actually not. It's a very very low go digit
- 10:00Speaker 4: margin gross margin. Right.
- 10:02Speaker 6: PBMs are squeezing us, you know, us as a maiload
- 10:07Speaker 6: of pharmacy. We are on a mail order contract which
- 10:10Speaker 6: is absolutely sorry, it's it's a garbage basically. You know,
- 10:16Speaker 6: if you're a retail story, the reimbursements are decent, but
- 10:19Speaker 6: as a mail order of pharmacy, it's really really horrible.
- 10:22Speaker 6: So for us, we have to manage every penny that
- 10:25Speaker 6: we received from PBM. And like Jonathan mentioned, in the
- 10:30Speaker 6: labor market, there's such a shortage of skill.
- 10:34Speaker 4: Talented people. You know, you can find people or are just.
- 10:39Speaker 6: They're just not talented, and in order to retain them,
- 10:42Speaker 6: you have to pay them high salary, benefits, all of
- 10:45Speaker 6: that stuff. So we are at a point where, you know,
- 10:49Speaker 6: you you pay, it squeezes our margin. But something's got
- 10:53Speaker 6: to give. And this is where I guess TJM and
- 10:55Speaker 6: the AI comes in. Uh and it It's been like
- 11:00Speaker 6: I said, it's been an eye opening for us since
- 11:04Speaker 6: we implemented AI last year. I think we've we're on
- 11:07Speaker 6: we're on track to probably stay over a million dollars
- 11:10Speaker 6: in operating expenses. We haven't hired a single new text
- 11:15Speaker 6: since last September.
- 11:18Speaker 4: And the efficiencies we've.
- 11:19Speaker 6: Gained, you know, we are able to move some of
- 11:22Speaker 6: these folks from from processing to doing something else that
- 11:26Speaker 6: generate revenue. You know, it's been great so far, and
- 11:31Speaker 6: we haven't even scaled yet. I think the more volume
- 11:34Speaker 6: we do, the more r I will get with TJM Labs.
- 11:41Speaker 2: Jonathan, why is that when you think of this as
- 11:43Speaker 2: a scientist, why is it that implementing AI in a
- 11:49Speaker 2: specific sector of the business, how is it making that
- 11:53Speaker 2: big of a difference of a million dollar savings for
- 11:56Speaker 2: for care point?
- 11:56Speaker 3: That's amazing?
- 11:58Speaker 5: Yeah, yeah, I mean, look, so the LM layer, that's
- 12:03Speaker 5: where we do the AI layer. It's really the best
- 12:06Speaker 5: way to think of it. It's a surgical procedure where
- 12:11Speaker 5: the variance between things that are happening is too high
- 12:16Speaker 5: for rules, right, but stable enough where you don't have
- 12:22Speaker 5: like a million things that you have to address, right.
- 12:27Speaker 5: So for example, the most common example that we see
- 12:30Speaker 5: is like when you calculate the day supply, there's rules
- 12:34Speaker 5: how you calculate the day surprise, But if you look
- 12:36Speaker 5: at all the different scenarios that cream, the eye drops,
- 12:40Speaker 5: the insulins, all of the stuff, the rules are not enough.
- 12:43Speaker 5: And this is where kind of LM come in, and
- 12:45Speaker 5: this is where it makes things so much easier when
- 12:48Speaker 5: you try to match a vision profile when there's like duplicates, right, again,
- 12:52Speaker 5: you need some reasoning, but not a lot of reasoning.
- 12:59Speaker 5: And and that's I guess this is where TGM maps
- 13:02Speaker 5: comes in. When we kind of work with pharmacy. You
- 13:04Speaker 5: understand their workflows, we understand how did you train your technicians?
- 13:09Speaker 5: And we say, okay, great. The way that you train
- 13:11Speaker 5: a technician is the way you train these spots and
- 13:14Speaker 5: if it needs to stop and sink, then it will
- 13:17Speaker 5: stop on sink and reason and make a decision based
- 13:21Speaker 5: on that.
- 13:22Speaker 6: Yeah, yeah, you know the nice thing, you know, I
- 13:26Speaker 6: guess comparing humans to bots, like we are just prone
- 13:32Speaker 6: to make mistakes. You know, we can teach you know,
- 13:37Speaker 6: a technician, a really smart technician. Hey, here's here's the
- 13:40Speaker 6: ten steps to process a prescription.
- 13:42Speaker 4: But they will not go in order.
- 13:44Speaker 6: They'll do step number one, they'll skip to two, and
- 13:47Speaker 6: they'll go to three and then eight, so.
- 13:49Speaker 4: They're all over the place, you know, versus a boat.
- 13:51Speaker 6: You teach them it'll be one, two, three, for five, six,
- 13:54Speaker 6: you know, so the air rate for prescription, you know,
- 13:58Speaker 6: a technician makes their accuracy is let's say ninety two percent.
- 14:03Speaker 6: You know which we would say, wow, it's really really good,
- 14:06Speaker 6: but in reality it's really.
- 14:09Speaker 4: Not eight prescriptions that they make AerR on.
- 14:13Speaker 6: They have to now be sent back, a pharmacist has
- 14:16Speaker 6: to review, you know, somebody has to update, so go
- 14:19Speaker 6: back and forth in the mail order pharmacy. Right it's
- 14:21Speaker 6: it's diverted to different cues versus a bot has a
- 14:25Speaker 6: ninety nine percent accuracy, you know, and the one percent
- 14:30Speaker 6: errors that they may is because they haven't.
- 14:32Speaker 4: Been taught that.
- 14:34Speaker 6: But once you teach the bot how to do it,
- 14:36Speaker 6: it's extremely rare to see them making the same mistakes
- 14:39Speaker 6: over and over again. So you know, that's the efficiency
- 14:42Speaker 6: we've seen. The prescription turnaround time is it's the lowest
- 14:47Speaker 6: that it's ever been in my pharmacy. Patients get texts
- 14:51Speaker 6: right away for payments and stuff versus waiting hours to
- 14:55Speaker 6: get a text because the technician is tiping, you know, personally,
- 15:01Speaker 6: in our pharmacy, we've seen a huge efficiency, huge cost savings.
- 15:05Speaker 6: And this is a scalable model that we have.
- 15:11Speaker 2: What examples can either of you give to our listeners,
- 15:16Speaker 2: many of them pharmacy owners themselves.
- 15:19Speaker 3: Where we know that if we take up.
- 15:24Speaker 2: Processes, if we take up order entry aspects of repeating tasks,
- 15:31Speaker 2: tedious things that these humans are doing. Now you're moving
- 15:35Speaker 2: them to other ways of generating revenue for the organization
- 15:40Speaker 2: that isn't tedious. It's not the order entry or it's
- 15:44Speaker 2: not what TGM Labs is implementing. What examples are we
- 15:49Speaker 2: now seeing our texts and even maybe some of our
- 15:52Speaker 2: pharmacists leaning in towards that is helping us generate more revenue.
- 15:58Speaker 5: Yes, I'll start there's actually is, and then bevish. Obviously
- 16:01Speaker 5: he's in the front line so he has a much
- 16:04Speaker 5: would say focused view on this. But I just learned
- 16:07Speaker 5: about something one of our pharmacies was doing and it
- 16:11Speaker 5: was it was genius, So I think it will be
- 16:13Speaker 5: a good example. So in in in Pacific, like compliance
- 16:18Speaker 5: packaging and long term care, there there's a pharmacist who
- 16:23Speaker 5: conves the medication and last months mar medication administration summary
- 16:30Speaker 5: and this month and if it's exactly the same, then
- 16:33Speaker 5: it goes through the robot and the robot basically does
- 16:37Speaker 5: the medication again.
- 16:38Speaker 3: For the next months. This is like a group home
- 16:40Speaker 3: or compliance packaging.
- 16:42Speaker 5: If it's different, then they need to know like, okay,
- 16:44Speaker 5: what's the different how are we going to change the
- 16:47Speaker 5: robot to give this person their month's medication? And you
- 16:51Speaker 5: literally had people thought printing a mar putting at their
- 16:57Speaker 5: desk and going line by line seeing where there are changes,
- 17:02Speaker 5: and there was no changes. This is the pharmacist doing this, right, Uh.
- 17:07Speaker 5: And so we we had a bot that does this
- 17:10Speaker 5: and I believe last time I had it does like
- 17:12Speaker 5: forty of these in like four minutes, right, And it's
- 17:18Speaker 5: obviously saved pharmacist hours. It is so much more efficient
- 17:21Speaker 5: and it's actually more accurate too, because I imagine if
- 17:23Speaker 5: you're a pharmacist going through the sheet three hours in
- 17:26Speaker 5: the day, your eyes are tired and then you're just
- 17:28Speaker 5: missing stuff. So that's that's That's just the example. I
- 17:32Speaker 5: just really got like last week, and I was like, oh,
- 17:34Speaker 5: this school.
- 17:36Speaker 6: Yeah, from you know, I'll tell you how I already
- 17:40Speaker 6: already talked about how you know, AI has really improved
- 17:46Speaker 6: our turnaround time, you know, and help with the efficiency.
- 17:52Speaker 6: What I will what we've done with the labor that
- 17:55Speaker 6: we say so obviously we're not we haven't hired anybody
- 17:58Speaker 6: since last year, but the six or seven full time
- 18:02Speaker 6: folks that are now like, hey, what do I do right,
- 18:06Speaker 6: they have all these free times. So what we did
- 18:08Speaker 6: is we moved them to our PA department or prior
- 18:11Speaker 6: authorization department, which still is in manual process. There's still
- 18:16Speaker 6: there are companies in AI that are coming up, but
- 18:18Speaker 6: it's still not at a point where TGM LEB is
- 18:21Speaker 6: for augentic AI right. So our number one customer besides
- 18:28Speaker 6: the patient itself, is our farmer partners who actually want
- 18:33Speaker 6: us to do PAS so that products get approved and
- 18:36Speaker 6: covered by insurance. But it's a very very manual process.
- 18:40Speaker 6: So we've taken those six or seven individuals that we
- 18:42Speaker 6: saved in processing and put them in the PA department
- 18:47Speaker 6: where we're seeing more approved claims for patient, which is
- 18:50Speaker 6: good for patients, which is good for doctors, which is
- 18:54Speaker 6: good for the farmer.
- 18:55Speaker 4: Company that makes it.
- 18:57Speaker 6: You know, patient gets it at lowest costs, it's covered,
- 19:00Speaker 6: you're using their benefits and so forth. But that's why
- 19:02Speaker 6: it's allowed us to do sort of reallocate our labor
- 19:07Speaker 6: into other department that needs the help and has helped
- 19:12Speaker 6: us basically improve our margins and keep our customers happening.
- 19:21Speaker 2: That is exactly what I wanted. As examples of pharmacy
- 19:26Speaker 2: operators who want understand are apprehensive. They're worried anything to
- 19:33Speaker 2: be added in or be subtracted from a pharmacy operations
- 19:38Speaker 2: that is running on in margins that wants to increase
- 19:43Speaker 2: volume or services and do something that's nerve wracking. That's
- 19:49Speaker 2: a question for Jonathan. You've experienced the introduction of AI
- 19:55Speaker 2: for the very first time, like over my seventeen years.
- 19:58Speaker 2: How many people have that I've never podcasted before. Well,
- 20:02Speaker 2: here's a first. Well, Jonathan, you're the godfather of AI
- 20:06Speaker 2: and pharmacy and you've seen this happen. So talk to
- 20:10Speaker 2: us about that apprehension and maybe some of our listeners
- 20:13Speaker 2: to try to demistify this.
- 20:16Speaker 5: Yeah, I mean the first I think a lot of
- 20:18Speaker 5: the question when we get when people get introduced to
- 20:21Speaker 5: this is like does implementing AI require us to change anything?
- 20:27Speaker 5: And it is a very deliberate choice from us that
- 20:30Speaker 5: the answer is no, you do not have to change anything.
- 20:34Speaker 5: The bot sits on top whatever you're already using and
- 20:38Speaker 5: does whatever your technicians that are already using. Right, there's no
- 20:41Speaker 5: ribbon replaced process. You keep your pharmacy management system, you
- 20:45Speaker 5: keep your workflow, you keep your staff. The bot literally
- 20:48Speaker 5: just handles the bar that nobody wants to do, which
- 20:51Speaker 5: is today is just sitting in there and reading facts
- 20:55Speaker 5: and putting in the information in there. We're not trying
- 20:58Speaker 5: to eliminate the pharmacists. We're not even touching the clinical layer.
- 21:04Speaker 5: We're trying to eliminate the clerical and administrative layer, so
- 21:09Speaker 5: humans in the pharmacy can do what actually requires a license, right.
- 21:14Speaker 5: I think just like the economics of pharmacy is that
- 21:17Speaker 5: everybody in the pharmacy, because they're touching lives, they're expensive,
- 21:22Speaker 5: as they should be, right, So we wanted to add
- 21:25Speaker 5: a lot of value on the stuff that they're doing.
- 21:27Speaker 5: And if it's just moving data around or clicking buttons,
- 21:31Speaker 5: then that's something that the bad should do.
- 21:33Speaker 4: So no, I agree with Jonathan.
- 21:37Speaker 6: I think you know, the model they I bought works
- 21:42Speaker 6: in our mail order scenario. I would love to see
- 21:45Speaker 6: this work in a retail pharmacy because I came from.
- 21:49Speaker 4: Retail and.
- 21:54Speaker 6: Those folks that work there have the least amount of
- 21:58Speaker 6: time to spend with patents, and they asked to do
- 22:01Speaker 6: the most amount of things with the you know, with
- 22:06Speaker 6: the resources that they have. So if there's a way
- 22:09Speaker 6: to integrate this into retail stores. I think they would
- 22:13Speaker 6: pay a huge dividend, whether it's well doing CBS or
- 22:17Speaker 6: any of the big.
- 22:18Speaker 4: Box corner chain that we're talking about.
- 22:20Speaker 6: You know, that's that's the next uh r I huge
- 22:26Speaker 6: r O.
- 22:26Speaker 5: I Yeah for us, we uh we just I think
- 22:30Speaker 5: started to scale these one hundred plus store grocery.
- 22:36Speaker 3: Chains and yeah, it's it's it's a different world.
- 22:41Speaker 5: And obviously you end up getting any prescription under the
- 22:45Speaker 5: suns or is more challenging, is there. But the impact
- 22:49Speaker 5: is a lot higher because again, these a lot of
- 22:52Speaker 5: these pharmacies operate at a loss today in the grocery segment.
- 22:56Speaker 3: They literally just exist.
- 22:57Speaker 5: So vision comes in, pick the prescription, and then shop
- 23:00Speaker 5: for their groceries. So having the swamp bot flips of
- 23:04Speaker 5: pharmacy from loss making to profit ability, it just looks amazing.
- 23:09Speaker 6: Yeah, you're absolutely correct, it's not a it's not that's
- 23:13Speaker 6: you know, log Ris didn't built at every corner.
- 23:16Speaker 4: Because of pharmacy business.
- 23:17Speaker 6: It was the front end store business that they were
- 23:20Speaker 6: trying to grow, right, So I agree with Jonathan there.
- 23:25Speaker 2: Well, I'm excited to understand how this will continue to evolve.
- 23:29Speaker 2: And I think that the the advantage that our pharmacy
- 23:36Speaker 2: owners and operators have and working with TGAM labs is
- 23:40Speaker 2: that they have soaked in certain sectors of pharmacy knowing
- 23:44Speaker 2: how AI is amplifying and duplicating and creating scalability in specialty,
- 23:54Speaker 2: long term care pharmacy, our retail community, mixed compounding. Each
- 24:00Speaker 2: of those are different, and you can't have the design
- 24:05Speaker 2: of something on top of PMS infrastructure where your pharmacy
- 24:10Speaker 2: management system is kind of like the quarterback, and then
- 24:13Speaker 2: adding AI to something that doesn't fold into this sissivity
- 24:18Speaker 2: of the operations. So, Jonathan, what other sectors are expanding.
- 24:24Speaker 3: With AI that are very unique?
- 24:26Speaker 2: As an example, we just got back from the Super
- 24:28Speaker 2: Bowl of a sembia of specialty pharmacy, and that's a
- 24:33Speaker 2: very different beast than say our retail communities, our long
- 24:38Speaker 2: term care.
- 24:40Speaker 5: Yeah, so I just I actually just I was reading
- 24:43Speaker 5: one of these reports that bankers do. It is so
- 24:48Speaker 5: interesting that they're so focused because that's what pharma always
- 24:52Speaker 5: wants and prior us and like benefit verification, right, and
- 24:57Speaker 5: what people I think, like a someone who's been in
- 25:00Speaker 5: the industry for like almost twenty years now, that is
- 25:03Speaker 5: probably a very very complex thing. To do and to
- 25:06Speaker 5: do it well and to do it at scale. And
- 25:09Speaker 5: in pharmacy, we don't know. Want fifty seventy percent successful
- 25:13Speaker 5: is probably not good enough, I do think, obviously, because
- 25:17Speaker 5: there's so much money and there's so much push to
- 25:20Speaker 5: get into there, that would be the next thing My
- 25:25Speaker 5: uproach open and obviously this could change, is like we
- 25:27Speaker 5: want AI to do the mundane hammer nailing stuff and
- 25:35Speaker 5: leave the complexity to the professionals. But maybe one day
- 25:41Speaker 5: there I will be able to do everything prior us
- 25:44Speaker 5: benefit vacation. But if that that's the case, and that's
- 25:47Speaker 5: the other problem too, is friar us. It's an intentional
- 25:49Speaker 5: friction to slow down the process. So if you fix it,
- 25:53Speaker 5: they'll just come up with something else to slow down
- 25:56Speaker 5: the process. Right, But yeah, that's what it seems like
- 26:00Speaker 5: everybody wants to do so well.
- 26:04Speaker 2: I have really enjoyed the several appearances Jonathan, and the
- 26:10Speaker 2: intelligence that you bring and the examples that you bring
- 26:14Speaker 2: to the Pharmacy podcast network, and this Week in Pharmacy
- 26:19Speaker 2: really tries to drive what's happening right now today and
- 26:25Speaker 2: leavesh and closing, I want to thank you for your
- 26:28Speaker 2: time today in leading care point and giving us these examples. Bavesh,
- 26:33Speaker 2: what are you looking for as someone who understands the
- 26:37Speaker 2: growth and the complexity of the business of pharmacy When
- 26:42Speaker 2: you look to the future, what would you like to
- 26:43Speaker 2: see AI be able to either enhance or even take over?
- 26:48Speaker 6: Yeah, you know, as I mentioned, would love to see
- 26:53Speaker 6: I solve some of the other problems right like prioritization.
- 26:58Speaker 6: It's a huge friction between PBM pharmacy, huge labor drain
- 27:03Speaker 6: and company. So I love to see something come out there.
- 27:07Speaker 6: I know there are some companies working on there, but
- 27:09Speaker 6: it's it's not there yet. The other is, uh, you know,
- 27:14Speaker 6: conversational AI. We get our pharmacy alone gets about eight
- 27:20Speaker 6: on calls a day, and I want AI to be
- 27:25Speaker 6: able to handle all sorts of scenarios, not just you know,
- 27:28Speaker 6: easiest one refill, but how troubleshoot, insurance, you know, plame, adjudication,
- 27:34Speaker 6: all of that stuff.
- 27:35Speaker 4: So hopefully in the next few years, those two.
- 27:37Speaker 6: Things alone would help out pharmacy a lot.
- 27:45Speaker 3: Jonathan.
- 27:47Speaker 2: The crushing schedule of going to conferences is still upon us.
- 27:55Speaker 2: God bless Ross who's out there as a road warrior
- 27:58Speaker 2: right now meeting up with people but I'm hoping to
- 28:02Speaker 2: run into you again with the comment the small but
- 28:07Speaker 2: what are you most excited about? You're the one, You're
- 28:09Speaker 2: the one's that has the actionable imagination around artificial intelligence.
- 28:15Speaker 2: What do you think could come next to really help
- 28:17Speaker 2: us improve the business of pharmacy?
- 28:21Speaker 5: Yeah, I mean, look, I think there is We're doing
- 28:24Speaker 5: lots of job and I would say AI that saves
- 28:27Speaker 5: you money? Right, I think the next bucket is AI
- 28:31Speaker 5: that makes you money. And if you think about how
- 28:36Speaker 5: pharmacy there is limited channels of how you truly scale,
- 28:41Speaker 5: like the Tilly Health partnership for the compounders, the former
- 28:44Speaker 5: relationships for the mill order of pharmacies, and how if
- 28:48Speaker 5: we can come up with a different channel where it's
- 28:51Speaker 5: essentially you as a pharmacy sign up with one partner
- 28:55Speaker 5: and that brings you two thousand, three thousand, four thousand
- 28:58Speaker 5: prescriptions a day.
- 28:59Speaker 3: I think that would be a great one.
- 29:01Speaker 5: We'll just have to put our creative head on and
- 29:05Speaker 5: figure out where that next channel is going to come from.
- 29:07Speaker 2: So I love it You've been listening to This Week
- 29:13Speaker 2: in Pharmacy with our special guests from TJM Labs, Jonathan
- 29:17Speaker 2: Adley and our featured guest, the CEO of Carepoint Pharmacy.
- 29:24Speaker 2: You can find more about them at Carepoint dot pharmacy.
- 29:28Speaker 2: That's Carepoint dot Pharmacy. And then reach out to the
- 29:32Speaker 2: TJM labs go to tjmlabs dot com and ask specific
- 29:38Speaker 2: questions about your pharmacies operations and how AI could impact
- 29:44Speaker 2: the operations, and then ask for references and ask for
- 29:48Speaker 2: success stories, and if you're worried or if you're curious,
- 29:53Speaker 2: talk with another pharmacy owner that went through what you're
- 29:55Speaker 2: thinking about doing right now in implementing AI into your business.
- 30:00Speaker 2: But it's a must. It's no longer something that you
- 30:03Speaker 2: could say, I'm just going to put it off, put
- 30:05Speaker 2: it off. It's time to implement in some way. Blavesh,
- 30:09Speaker 2: this has been very special. Promise that you're going to
- 30:12Speaker 2: come back to twrqus.
- 30:13Speaker 4: Oh yeah, for sure, love it great you thank you.
- 30:17Speaker 3: Thanksv, thank you, Jonathan, thank you, thanks to Hey. We'll
- 30:22Speaker 3: be right back with more tworks.
- 30:27Speaker 7: Feeling lost with the complexities of pharmacy accounting and.
- 30:30Speaker 8: In pharmacy today, there's so many different variables and issues
- 30:35Speaker 8: that impact the pharmacy, books, records, accounting, the profitabilities, so
- 30:39Speaker 8: so forth. There's different components of pharmacy that have its
- 30:42Speaker 8: own nuances from an accounting standpoint, and so it's it's tricky,
- 30:46Speaker 8: there's no doubt about it.
- 30:47Speaker 7: Ready to take your pharmacy to the next level, but
- 30:50Speaker 7: don't know where to start. PSYCHX and Company is here
- 30:53Speaker 7: to help, introducing the RX Assessment. With the RX Assessment
- 30:57Speaker 7: the pharmacy CPAs and advisors at Psykes, we'll do a
- 31:01Speaker 7: deep dive into your accounting and tax situation and give
- 31:04Speaker 7: you the action steps you need to take to take
- 31:06Speaker 7: your pharmacy to the next level.
- 31:08Speaker 8: If you're interested in, you know, working with a team
- 31:12Speaker 8: who understands the industry and how the accounting and tax
- 31:15Speaker 8: should really be in a pharmacy, this is this is
- 31:18Speaker 8: your chance to get an under the hood check of
- 31:21Speaker 8: what's going on and getting the feedback of any issues
- 31:24Speaker 8: or concerns or again things we think are doing really
- 31:26Speaker 8: well with.
- 31:27Speaker 7: Get the financial check up your pharmacy needs and head
- 31:29Speaker 7: over to Pykes HYPHENCPA dot com or call two five
- 31:33Speaker 7: to two four eight two seven six four four.
- 31:49Speaker 3: Ay in this week in pharmacy.
- 31:51Speaker 2: I am am excited when we know through the years
- 31:54Speaker 2: that we've we've taken a lot of time to put
- 31:57Speaker 2: out more information about pharmacists and politics. Shane Reeves and
- 32:03Speaker 2: Buddy Carter. Having these people represent policy and building and
- 32:11Speaker 2: changing PBM reform.
- 32:12Speaker 3: For goodness sakes, this is important.
- 32:15Speaker 2: Introduce yourself to the Twerks listeners and tell us about
- 32:20Speaker 2: your special campaign that's happening right now.
- 32:23Speaker 1: Hello to all the Turks listeners. My name is doctor
- 32:27Speaker 1: Dda Maco Bark. I am a pharmacist and I come
- 32:31Speaker 1: to you from the great state of New Mexico, which
- 32:34Speaker 1: is known as the Southwest Gym in the United States.
- 32:38Speaker 1: I have been practicing pharmacy for a number of years,
- 32:41Speaker 1: but I am so glad that you have me today
- 32:43Speaker 1: on your podcast.
- 32:45Speaker 4: D D.
- 32:45Speaker 2: I'm so proud of you already. We're going to do
- 32:48Speaker 2: everything we can to get your name out there and support.
- 32:51Speaker 2: We're going to also do a follow up with you.
- 32:52Speaker 2: I'd love to dig into policy today. As you see
- 32:55Speaker 2: on your screen if you're watching us on YouTube, if
- 32:57Speaker 2: you're watching us stream on LinkedIn. For Congress, it was
- 33:03Speaker 2: a program that you put on in April seventeenth. But
- 33:06Speaker 2: talk to us right out of the gate, Why are
- 33:09Speaker 2: you running for United States Congress?
- 33:12Speaker 9: Yeah, right out of the gate. I guess the answers
- 33:14Speaker 9: to that question is why not.
- 33:16Speaker 1: You know, we are the people that need to be
- 33:18Speaker 1: a part of the change that we want to see
- 33:20Speaker 1: in our nation. And if we don't stand up for
- 33:23Speaker 1: what we think is right for our industry, for the
- 33:25Speaker 1: practice of pharmacy, then it slowly slips away. We have
- 33:28Speaker 1: to be in control of the narrative that's being told
- 33:31Speaker 1: about our industry. And so that's why I have a
- 33:33Speaker 1: passion to do what I do.
- 33:35Speaker 2: There's something special to pharmacists showing up and helping to
- 33:39Speaker 2: build policy that now impacts Medicaid and CMS and Medicare
- 33:43Speaker 2: party and long term care versus specialty. And so you
- 33:47Speaker 2: understand that as a pharmacist. What other benefits do you
- 33:50Speaker 2: think you bring to the table to be in Congress
- 33:54Speaker 2: but also be a care provider and be a pharmacist.
- 33:57Speaker 2: What benefits do you think that the constituous will get
- 34:01Speaker 2: from that?
- 34:02Speaker 9: Yeah, I mean there are a lot of benefits.
- 34:03Speaker 1: First of all, I am a graduate of the University
- 34:06Speaker 1: of New Mexico College of Pharmacy. Since two thousand and eight,
- 34:09Speaker 1: I've been practicing pharmacy. That's almost twenty years, you know,
- 34:13Speaker 1: almost twenty years, I've been serving my community. I've been
- 34:16Speaker 1: an advocate for healthcare to make it affordable and accessible,
- 34:20Speaker 1: and also for pharmaceutical care. In twenty seventeen, I started
- 34:24Speaker 1: my own pharmacy. I called it Olive Tree Compounding Pharmacy
- 34:27Speaker 1: right here in New Mexico. I literally took a space
- 34:30Speaker 1: that was completely empty, it was in a gray shell.
- 34:33Speaker 1: I got a seven a loan from the bank, and
- 34:38Speaker 1: I built a pharmacy and I started a brand new practice.
- 34:41Speaker 1: And at that time, it was something that was fairly
- 34:44Speaker 1: new in my area to have a compounding only, cash
- 34:47Speaker 1: only pharmacy. It wasn't as well known as a retail pharmacy,
- 34:54Speaker 1: so this was something that was new.
- 34:56Speaker 3: I heard it all.
- 34:57Speaker 1: I heard, you know, that maybe my business wouldn't survive.
- 35:00Speaker 1: But here I am, you know, in twenty twenty six
- 35:02Speaker 1: and we're still here. But back then, you know, not
- 35:06Speaker 1: accepting any insurance contracts, cash only, being fully transparent, right,
- 35:10Speaker 1: So like really I had to step out there and
- 35:13Speaker 1: build a relationship, build rapport with the clients that I
- 35:16Speaker 1: was serving. And that's something that I had found was
- 35:19Speaker 1: a little bit more difficult when I practiced pharmacy under
- 35:22Speaker 1: you know, big pharma. So coming out and being forward
- 35:26Speaker 1: facing and providing care to the community, that was something
- 35:30Speaker 1: that I had to build from the ground up. But
- 35:33Speaker 1: what can I offer as a compounder. Obviously I'm an
- 35:37Speaker 1: advocate for compounding pharmacy, but I really do think that
- 35:40Speaker 1: compounding pharmacy has come under much scrutiny.
- 35:44Speaker 9: I would say for the past five years.
- 35:46Speaker 1: You know, we don't make things in our garage or
- 35:49Speaker 1: in our kitchen. It's a highly regulated industry and I
- 35:53Speaker 1: think that that is something that really needs to be
- 35:56Speaker 1: respected and it needs to be held in high esteem.
- 36:00Speaker 1: That like I said, we need to be in charge
- 36:02Speaker 1: of controlling the narrative what's being told about compounding pharmacy,
- 36:07Speaker 1: and I think having a voice on Capitol Hill will
- 36:10Speaker 1: help our industry to.
- 36:11Speaker 9: Do that, you know.
- 36:12Speaker 1: So I'm really looking for support on the campaign side
- 36:14Speaker 1: as well.
- 36:15Speaker 3: It's wonderful.
- 36:16Speaker 2: What if we back up what made it you want
- 36:19Speaker 2: to want to become a pharmacist in the first place?
- 36:22Speaker 9: Well, I didn't.
- 36:23Speaker 1: I didn't want to be an pharmacist ever since I
- 36:26Speaker 1: was a little girl.
- 36:27Speaker 9: I've always been, you know, like an artist. I'm a performer.
- 36:31Speaker 1: I like a drama, I like theater, like singing and
- 36:34Speaker 1: dancing and all these things. But I am a first
- 36:37Speaker 1: generation Nigerian American, and a lot of times in our
- 36:40Speaker 1: culture those things are not acceptable, right, especially if our
- 36:45Speaker 1: parents left our countries to come to America and seek
- 36:48Speaker 1: of the American dream. The last thing you want is
- 36:51Speaker 1: your child struggling.
- 36:53Speaker 9: To get on Broadway.
- 36:54Speaker 1: You know, you want your child to be a doctor,
- 36:57Speaker 1: an engineer, or a lawyer. You know, something solid and
- 37:00Speaker 1: something promising. So I had an uncle who convinced me
- 37:03Speaker 1: to go to pharmacy school. And at that time, I
- 37:07Speaker 1: just happened to have the prerequisites to apply. So I
- 37:10Speaker 1: applied to pharmacy school, and to my surprise, I actually
- 37:13Speaker 1: got in. I was like, oh, okay, I guess I
- 37:15Speaker 1: will be a pharmacist. And I did pharmacy and it
- 37:18Speaker 1: turns out that I actually liked it. You know, I
- 37:21Speaker 1: liked the science and the math, and you know, just
- 37:24Speaker 1: just pharmacy in general. I liked it, and so I
- 37:28Speaker 1: invested in it. And now I've been there for twenty years.
- 37:31Speaker 2: You know, well, as a business owner, deity being creative
- 37:35Speaker 2: and being someone that has been on stage and put
- 37:39Speaker 2: yourself out there, I think that there's a benefit to
- 37:42Speaker 2: that in comparison to some of our more introverted pharmacists
- 37:46Speaker 2: who are super nerdy and very scientific. And it's like
- 37:50Speaker 2: you kind of like blend that. And I'm going to
- 37:52Speaker 2: ask a favor. I'm going to maybe send you the
- 37:55Speaker 2: mobile phone of my daughter, who is all in on theater.
- 38:00Speaker 2: She's in eighth grade. She's been the lead of her
- 38:03Speaker 2: high school play twice, which is crazy for an eighth grader.
- 38:06Speaker 2: And I'm like begging her to look into pharmacy. So
- 38:10Speaker 2: I'm like, maybe if Deity doctor Dade could talk to her.
- 38:13Speaker 1: Yeah, No, I think the practice of pharmacy has definitely shifted, right,
- 38:19Speaker 1: So not only do I not look like the typical pharmacist,
- 38:22Speaker 1: I also don't provide care in that typical manner, which
- 38:26Speaker 1: is behind this very high counter you could barely see
- 38:29Speaker 1: my face. Bright lights everywhere, phones going off, you know,
- 38:33Speaker 1: drugs flying off the shelves. And no, we practice pharmacy
- 38:36Speaker 1: differently here at Olive Tree Compounding Pharmacy. And it's funny
- 38:40Speaker 1: because I'll have clients come into the pharmacy and ask
- 38:43Speaker 1: to speak with the pharmacist and I'll say, okay, yeah, sure,
- 38:45Speaker 1: what's your question?
- 38:46Speaker 9: And they're like, Oh, it's you. I'm like, yeah, it's me.
- 38:48Speaker 1: You know. And they will say I've never been this
- 38:52Speaker 1: close to a pharmacist before, Like I've never had this
- 38:55Speaker 1: much contact with the pharmacist. But that's the shift that
- 38:58Speaker 1: I recognize NITA to happen when I started my practice.
- 39:01Speaker 9: The pharmacist needs to be accessible, you know.
- 39:04Speaker 1: The pharmacist needs to be right up front and center
- 39:07Speaker 1: and close to the patient, you know.
- 39:09Speaker 9: And so that's what we've done.
- 39:11Speaker 1: And yeah, I've brought you know that that drama aspect
- 39:15Speaker 1: and that fun aspect to.
- 39:16Speaker 9: Pharmacy, because pharmacy is it shouldn't be boring. It's not boring,
- 39:20Speaker 9: you know. It should be fun.
- 39:21Speaker 1: It should be innovative and creative and spunky, and you know,
- 39:26Speaker 1: it should we should draw people to us. We are
- 39:29Speaker 1: highly knowledgeable, right, so don't we want people to have
- 39:32Speaker 1: access to that knowledge. But we can't do that if
- 39:34Speaker 1: we're just monotone and boring, you know. So it's been fun,
- 39:39Speaker 1: it's been fun over the years.
- 39:41Speaker 2: The website that I'd like people to remember is d
- 39:44Speaker 2: D for Congress dot com, d I d I for
- 39:48Speaker 2: Congress dot com. So let's shift gears to the political
- 39:53Speaker 2: side of your future, and so you really have to
- 39:58Speaker 2: be known in your community. You have to understand the
- 40:01Speaker 2: issues that's happening. There's such a broad there's much a
- 40:06Speaker 2: broad range of things that you'll be plugging into. You're
- 40:10Speaker 2: going to be heavy healthcare side, which I think is
- 40:12Speaker 2: one of the most important places to be heavy in
- 40:16Speaker 2: my opinion of our Like I've looked at some of
- 40:18Speaker 2: my congress people in Pennsylvania are state representatives, great people,
- 40:23Speaker 2: they work hard, but when healthcare comes up, they're always like,
- 40:28Speaker 2: I'm not quite sure how to answer that. And whereas
- 40:31Speaker 2: healthcare affects one hundred percent of your constituents versus maybe
- 40:35Speaker 2: one other issue might only affect you know, veterans or
- 40:39Speaker 2: might affect something else. So talk to me about about
- 40:42Speaker 2: the concept of serving your community and why you're moving
- 40:48Speaker 2: forward with this and and how you feel prepared for it.
- 40:52Speaker 1: Yeah, I mean, healthcare in New Mexico is very special.
- 40:55Speaker 9: You know.
- 40:55Speaker 1: If anyone doesn't know, let me just give you some
- 40:58Speaker 1: some very raw data about healthcare in New Mexico. We're
- 41:01Speaker 1: the only state since twenty nineteen that's actually been losing
- 41:05Speaker 1: healthcare providers. We're super rural, a lot of our population
- 41:08Speaker 1: lives in the rural communities. They need to have access
- 41:11Speaker 1: to affordable health care. That's a huge problem here in
- 41:14Speaker 1: New Mexico. We don't even have doctors, right It could
- 41:17Speaker 1: take six months before you get to see a specialist
- 41:19Speaker 1: in New Mexico, whereas in some of our neighboring states
- 41:22Speaker 1: like Texas, Arizona, maybe three weeks, four weeks, you know.
- 41:26Speaker 1: So we're facing a lot of challenges, and a lot
- 41:29Speaker 1: of the challenges are at the state level. And I
- 41:31Speaker 1: know I'm running for a federal position, but at the
- 41:33Speaker 1: state level, there is a lot to be done, and
- 41:35Speaker 1: I think that there's room for collaboration between the federal
- 41:38Speaker 1: and the state representatives to make sure that healthcare in
- 41:41Speaker 1: New Mexico is reshaped so that it is accessible and
- 41:44Speaker 1: it is affordable to everyone. Now, on a federal level,
- 41:48Speaker 1: what I like to start with first is the population
- 41:51Speaker 1: of the US. It has exploded, you know, over the
- 41:55Speaker 1: last few years. And when we look at that explosion,
- 41:59Speaker 1: to me, that's really at the bottom of why we
- 42:03Speaker 1: can't afford healthcare for the people that need it rightfully.
- 42:08Speaker 1: So in our country, right so, there are a lot
- 42:10Speaker 1: of people who are on our healthcare system. They're highly
- 42:13Speaker 1: dependent on our system. That shouldn't be right. So, like
- 42:16Speaker 1: we as a taxpayer, how much money is going to
- 42:19Speaker 1: funding healthcare for people who are not Americans, who are
- 42:22Speaker 1: not in our country.
- 42:23Speaker 9: That's really number one.
- 42:24Speaker 1: And I guess they see that as a business owner
- 42:26Speaker 1: from that business standpoint, you know, like, if something costs
- 42:30Speaker 1: X amount of dollars, well, is it something that we need?
- 42:32Speaker 1: Is it something that the business is gonna is going
- 42:34Speaker 1: to profit from? If the answer is no, then why
- 42:37Speaker 1: are we purchasing that? Why do we Why are we
- 42:40Speaker 1: putting that, you know into our business?
- 42:42Speaker 9: Why are we investing in that?
- 42:43Speaker 1: So that's really number one. But then number two, you know,
- 42:46Speaker 1: the cost of healthcare in the United States, that's something
- 42:49Speaker 1: that we really have to tackle.
- 42:51Speaker 8: You know.
- 42:52Speaker 1: It shouldn't cost a dollar and seventy three cents to
- 42:54Speaker 1: get an X ray in Turkey, you know, and it
- 42:58Speaker 1: costs five hundred dollars here.
- 42:59Speaker 9: They use a different machine. Are we getting different images?
- 43:02Speaker 9: Are they seeing you know, better things in your lungs?
- 43:05Speaker 9: You know?
- 43:05Speaker 1: Are they seeing more things than what you can see
- 43:07Speaker 1: here in the US? No, then why is it costing
- 43:10Speaker 1: us more to do the same procedure that you can
- 43:13Speaker 1: get overseas for way less, you know. So those are
- 43:17Speaker 1: the things that we really just have to be honest
- 43:19Speaker 1: with ourselves about.
- 43:21Speaker 9: We can't.
- 43:22Speaker 1: We can no longer have these incentives, you know, to
- 43:26Speaker 1: keep it expensive at the expense of the taxpayer here
- 43:30Speaker 1: in America, you know. So those are some of the
- 43:32Speaker 1: things the insight that I have that I'd like to
- 43:34Speaker 1: bring to the table. Obviously, when it comes to pharmacy,
- 43:37Speaker 1: we all know it's not a joke, it's not a
- 43:39Speaker 1: secret anymore.
- 43:40Speaker 9: We all know what PBMs have done.
- 43:42Speaker 1: Even in the state of New Mexico, so many independent
- 43:44Speaker 1: pharmacies have closed because they just can't even afford to
- 43:49Speaker 1: keep their doors open because of what the PBMs have done.
- 43:53Speaker 9: Take the middleman out. You know.
- 43:55Speaker 1: I've talked about Mark Cuban before on other platforms, and
- 43:58Speaker 1: I always tell people Number one is.
- 44:00Speaker 9: Not a genius because we as.
- 44:02Speaker 1: Pharmacists know what needed to be done. There needs to
- 44:05Speaker 1: be full transparency. As a compounder, I know how much
- 44:08Speaker 1: it costs to make drugs. I know how much it
- 44:10Speaker 1: costs to procure the raw ingredients, what it takes, the
- 44:13Speaker 1: time it takes, the supplies I have to use, the
- 44:16Speaker 1: final cost of the product. I know all of those things, right,
- 44:19Speaker 1: so why inflate the price to where it's so unaffordable
- 44:23Speaker 1: to the clients who need them?
- 44:24Speaker 6: You know.
- 44:26Speaker 9: So that's just some of the insight that I hope
- 44:28Speaker 9: to bring to the table.
- 44:29Speaker 1: You know, it's not an easy thing, and I know
- 44:31Speaker 1: there are a lot of special interests, but I can't
- 44:35Speaker 1: be bought, you know. My goal really is to go
- 44:37Speaker 1: there and tell the truth on Capitol Hill and represent
- 44:40Speaker 1: my district as best as I can.
- 44:42Speaker 3: That's going to be refreshing.
- 44:44Speaker 2: There's people throughout the country that I've met, pharmacists, even
- 44:49Speaker 2: technicians who have gotten into public service and they've I've
- 44:54Speaker 2: met mayors of little cities and obviously state representatives. But
- 45:00Speaker 2: what I'm frustrated about is the encouragement of the future
- 45:05Speaker 2: of that Like, is there a missing opportunity to go
- 45:09Speaker 2: to the schools and say, you ever consider going into politics,
- 45:12Speaker 2: you ever go into public service from a policy driven
- 45:17Speaker 2: And I don't know, are we giving the future of
- 45:20Speaker 2: pharmacy and our pharmacist or we're giving them enough insight.
- 45:23Speaker 2: That's why this podcast I'm gonna get it everywhere because
- 45:25Speaker 2: I want our pharmacists to say Wow. Imagine me practicing
- 45:29Speaker 2: pharmacy for five, eight, ten years and then going into policy.
- 45:33Speaker 2: I think there's something powerful to that.
- 45:35Speaker 1: Yeah, I mean when you look at the people on
- 45:37Speaker 1: Capitol Hill, there is nothing special about them. You know,
- 45:41Speaker 1: maybe some of them just have a little bit more
- 45:42Speaker 1: money than me, But as far as being able to
- 45:45Speaker 1: think through critical issues that plague Oar Nation, like, there's
- 45:49Speaker 1: nothing special, you know, with the people who are sitting
- 45:53Speaker 1: in those seats right now, a lot of them are
- 45:55Speaker 1: not making decisions that are in our best interests, you know,
- 45:59Speaker 1: and that's really kind of know what inspired me to run.
- 46:01Speaker 9: The person who's sitting in the seat right now that I.
- 46:03Speaker 1: Hope to flip never talks about health care, never talks
- 46:08Speaker 1: about health care for New Mexico, for a district one
- 46:11Speaker 1: right here in New Mexico, And.
- 46:12Speaker 9: That's our biggest issue. That is our biggest issue, you know.
- 46:18Speaker 1: And so yeah, hopefully whoever sees this podcast would really
- 46:22Speaker 1: feel inspired.
- 46:22Speaker 9: There's nothing special about me. I don't have two heads.
- 46:25Speaker 1: In Nigeria, we say, you know, the person who got
- 46:28Speaker 1: straight a's, do they have two heads?
- 46:29Speaker 9: The answer is no.
- 46:31Speaker 1: You know, there's nothing special except for me looking up
- 46:35Speaker 1: and paying attention and saying, you know what, if I
- 46:37Speaker 1: don't tell the story about my industry, someone else will
- 46:40Speaker 1: and they're gonna come after you, and they're gonna shut
- 46:42Speaker 1: you down, and they're gonna take that food off of
- 46:44Speaker 1: your table, and then you're really.
- 46:45Speaker 9: Gonna cry about it, you know.
- 46:47Speaker 1: So we just have to step up to the plate
- 46:49Speaker 1: and be courageous and take the bull by the horns.
- 46:53Speaker 2: Well, we're excited, so we're going to be supporting you.
- 46:55Speaker 2: We're going to get your information on on social media.
- 46:57Speaker 2: I see you on a different platform, which is wonderful.
- 47:01Speaker 2: It's a really good way to communicate in to win
- 47:04Speaker 2: a campaign. Yeah, I would like to have you back
- 47:07Speaker 2: and talk about the details around PBM reform and maybe
- 47:13Speaker 2: even you can even share some of the examples of
- 47:15Speaker 2: what's happening in New Mexico. But Datie, this has been awesome.
- 47:19Speaker 2: I want to thank you for being on twerks.
- 47:21Speaker 9: Yeah, thank you, thank you.
- 47:23Speaker 1: I appreciate your time and I hope to get some
- 47:25Speaker 1: support on this campaign.
- 47:27Speaker 3: Absolutely.
- 47:34Speaker 2: Shout out to my little brother Logan Uri and here's
- 47:39Speaker 2: new bride Emily. They are getting married today Friday, May first,
- 47:46Speaker 2: twenty twenty six, and I'm about to party. I guess
- 47:50Speaker 2: who's going to be there. Brady Uri, our producer. So
- 47:56Speaker 2: get ready for a party.
- 47:57Speaker 3: Hey, look Credentials.
- 48:00Speaker 2: Or Access twenty six Ascembia twenty twenty six. Just want
- 48:05Speaker 2: to say thank you Chris Benz and the Assembia organization.
- 48:10Speaker 3: It was so much fun.
- 48:12Speaker 2: We will be back for Access to Pharmacy twenty twenty
- 48:17Speaker 2: seven in Vegas. Hey, have a great weekend.