They want new therapies that are clinically and economically better than the existing alternatives, together with hard, real-world outcomes data to back any claims about a medicine’s superiority. It’s no secret that technology is constantly evolving within the health care landscape, in which harnessing the power of data and automatization can spur significant progress in patient care, reimbursement, and overall efficiency. Tele-pharmacy. RECENT TRENDS IN PHARMACY EDUCATION Dr. Mohammad Ismail Hamed Distinguished Professor of Clinical Pharmacy & University Academic Advisor Misr University for Science ... – A free PowerPoint PPT presentation (displayed as a Flash slide show) on PowerShow.com - id: 3ba40d-NDJjM ", rotocols that transfer authority for product selection and dosing from prescribers to pharmacy, ASHP National Survey Reveals Trends in Pharmacy Practice, the rise in hospitals that reported rationing of medications on the basis of expected patient outcomes and cost of therapy (31%, up from 25% in 2016), the rise in the number of hospitals with a limited strict formulary and tight restrictions on non-formulary medication use (73%, up from 63% in 2016). Homepage. But before we look into what the coming year has to offer, let’s do a recap of some of the biggest pharmacy trends and advancements for 2019: Artificial intelligence; The introduction of artificial intelligence into the development of new drugs has been one of the hottest pharmacy trends for 2019. 340B savings have grown to become a material contributor to financial health, and participating pharmacies have a renewed focus on quantifying, optimizing and reporting impact. "Health-system pharmacists are taking a leading role in addressing the opioid crisis, advancing safety in compounded sterile preparations through adoption of intravenous workflow technologies, and optimizing EHR applications to leverage clinical decision support tools to improve the safe prescribing and use of medications. However, not all health systems have the tools and resources to aggregate and sift through data in order to apply comprehensive, real-time analytics to deliver better care effectively while maintaining a healthy balance sheet. While this may benefit your health systems’ quality and continuity of care initiatives, administration of specialty drugs is challenging and highly complex given the number of new therapies and payer requirements. This requires continued investments in 340B tools to better track and manage program savings, which ultimately translate into resource funding necessary to appropriately care for patients in underserved communities. ... relying on government funding for dispensing alone will be insufficient to sustain a profitable pharmacy. With the upcoming election, 2020 promises to be a year of major shifts for the healthcare industry as a whole. The American Hospital Association (AHA), the Federation of American Hospitals (FAH), and the American Society of Health-System Pharmacists (ASHP) released a new report finding that continued rising drug prices, as well as shortages for many critical medications, are impacting patient care and putting strains on hospital budgets and operations. “Seventy-two percent of hospitals use protocols that transfer authority for product selection and dosing from prescribers to pharmacy as a strategy by P&T, suggesting that pharmacists are increasingly recognized as effective stewards of the formulary system, and at implementing formulary standards,” Pedersen said. Poor scientific productivity: Pharma’s output has remained at a stable level for the past decade. Embedding financial support and patient assistance programs, along with various other charitable programs in the revenue cycle, are key to improving patient adherence and health outcomes. An increasing emphasis on health professional competency in recent times has been matched by an increased prevalence of competency-based education models. Your pharmacy leadership will need to work with their business partners, specifically distributors, to adopt proactive strategies in multiple care environments, helping health systems become the preferred provider for a patient’s continuum of care. It’s been said, “the more things change, the more they stay the same.” In community pharmacy, this could be restated as “the more things change, the keys to success stay the same.” While no pharmacy operates in the same way as 100 years ago, some things are still the same. In analyzing survey responses concerning hospital staffing, results showed that the number of full-time pharmacist positions in hospitals has continued to grow overall, with a mean of 19.2 positions per 100 occupied beds. That’s not to say that I don’t think it will.”. As out-of-pocket costs increase—from higher costs or insurance denials—patients are more likely to abandon their treatment plans. 01. According to Vijay Govindarajan, Reverse Innovation is any innovation, which is … But my point is that pharmacogenomics has not yet become the pharmacokinetic monitoring of pharmacy. Misuse of prescription and over-the-counter drugs to obtain illicit highs: how pharmacists can prevent abuse For they un-initiated, tele pharmacy is a relatively new concept. As America's population ages, serving Medicare beneficiaries becomes … In the area of pharmacogenomics, just 5.4% of hospitals surveyed indicated recommending or scheduling pharmacogenomics testing to aid in the process of drug and dosage selection, while 90% said pharmacist involvement is limited to the dispensing of products related to pharmacogenomics drug therapy management. Read more Record low influenza cases show how COVID-19 is more contagious and 'less forgiving,' experts say A new study from the University of California, Irvine (UCI), examines so-called pharmacy deserts in the state—Los Angeles County, specifically. With pharmacies being unable to sustain a practice in areas without sufficient population density, many rural communities are left without access to a pharmacy. “The good news is that if a hospital has an opioid stewardship program, which nearly half do, pharmacists are almost always involved,” Schneider said. Across all lines of business (LOB), more than 90% of total drug spend on the medical benefit is … “Operating in a complex environment is nothing new for health systems. Pharmacy Shelving Trends for a New, Relaxed Atmosphere As a general rule, pharmacies aren’t the first place someone will go when they feel like doing a little window shopping. Few industries are in for as much change in the coming years as the retail pharmacy industry. Assessments can generate information on competence, and authentic, practice-based assessment methods are critical. “The concept of a wall-less, omnichannel retail world underpins many of the … Healthcare will be a major theme of the upcoming election cycle, resulting in uncertainty and instability. Succinct summaries of the results of new research papers published in high impact journals in pharmaceutical sciences and pharmacy. Evaluation of the Royal Cornwall Hospitals NHS Trust community pharmacy transfer of care around medicines service. The survey also showed that half of hospitals are including pharmacoeconomics in formulary decision-making, up from about one-third in 2013. Trends Hospital Health System Pharmacies 2020, Business Consulting & Revenue Cycle Analytics, Oncology EHR, Regimen Support & Analytics, RxO pharmacy technology and consulting services. Specialty drugs have emerged as important treatment options for cancer and other complex diseases, but there can be significant access and affordability issues with specialty drugs. While the number of hospital mergers declined in 2018, mega mergers are the new standard.1 This inevitable evolution is also presenting challenges around patient education, clinical workflow, systems integration, standards across care settings, contractual obligations with group purchasing organizations, payers, suppliers and various other vendors. Artificial Intelligence. Taking the lead in this area is IBM Watson, a computer that could interpret millions of pages of … Valued at $144.2 billion in 2018 and predicted to grow to $206 billion by the end of 2020, the global digital health market is growing at … Specialty pharmacy continues to grow. educational programs or guidelines (85%, up from 71.4% in 2018); prescription drug monitoring program database (85%, up from 65.3% in 2018); and, limitation of home discharge prescription supply of opioid medications (61%, up from 46.3% in 2018). In order to maintain quality care and outcomes, as well as strong business operations, pharmacy leadership must proactively leverage actionable insights to help manage costs, drive revenue recovery and expand capabilities,” shares Barbara Giacomelli, PharmD, MBA, FASHP, vice president, advisory services, McKesson RxO. 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