Opportunities for Pharmacists
Health Systems:
Ever since the advent of 340B, health systems have begun to set up their own Outpatient Specialty, Ambulatory and Retail pharmacies. These pharmacies have proven to align with the value-based reimbursement models from the payors. They have significantly improved adherence to treatments and care for patients who suffer from life-threatening chronic conditions. With the growth of these specialty pharmacies, career opportunities for pharmacists have also been rising in numbers:
Health Systems Specialty Pharmacy- Improved Capture Rate maximizes 340B revenue. These pharmacies have a quality infrastructure and sufficient staffing openings to provide the best patient care. Clinical pharmacists, Supervisors, pharmacy managers and Director are some of the well-known positions available for pharmacists.
Health Systems Retail Pharmacy- Delivering meds to patients being discharged at their beds has reduced readmission rates drastically, thereby, reducing reimbursement losses to hospitals. Plenty of retail opportunities wait for pharmacists who have experience in retail pharmacies.
Health Systems Ambulatory Pharmacy- Comprehensive Medication Management (CMM), Collaborative Practice Agreement (CPA). Pharmacists who enjoy prescriptive roles through CPA can utilize their clinical skills, counseling expertise and clinical knowledge to apply for these ambulatory positions.
The unique opportunity to maximize 340B dollars has led to the development of opportunities in Ambulatory Care. These pharmacists have Collaborative Practice Agreement (CPA) with their physicians with the help of which, prescriptions become eligible for 340B. Of course, the dispensing Specialty or Retail pharmacies will have to collaborate with their physicians/providers to make sure that they capture all their referrals (capture rate).
Retail and Specialty:
You can make an impact on your retail pharmacy business by exploring 340B opportunities around you. With advanced courses provided in ProspeRx, retail pharmacy staff can learn accurate billing, help providers with prior authorizations and help patients with their copays. All of these will help generate more Specialty volume, improve adherence to treatments, expedite access of medications to patients and finally, increase profitability to your pharmacies by producing positive health outcomes.
Retail pharmacies are everywhere. So, opportunities are everywhere. But providing yourself an edge over competition and navigating options with a higher-level vision will help you lead in the pharmacy industry. Our mission is to help pharmacists and pharmacy technicians with advanced application-based education and thereby enable them to navigate several options for them aligning with the dynamics of health care industry.
