Kevin Vora, RPh., MBA’s Post

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Dynamic Entrepreneur I Creative Marketer I Resilient Salesman I Strategic Business Developer

In #Albany, #NewYork, #independentpharmacies are thriving while chain stores are closing down. The closures are due to overexpansion and financial difficulties, while independent #pharmacies focus on #patient care and essential health items. Independent pharmacies face challenges from #pharmacy benefit managers (#PBMs) that reimburse them at rates lower than the cost of #medications, leading to financial struggles. The decrease in chain pharmacies has resulted in the creation of #pharmacydeserts, areas with limited access to pharmacies, particularly in underserved neighborhoods. Independent pharmacies provide crucial support to communities with low health literacy and complex medication needs, offering services beyond just filling #prescriptions. Despite #reimbursement challenges, independent pharmacies see an increase in customers due to their personalized care and community focus. Efforts are being made to regulate PBMs and increase transparency in prescription pricing to ensure the sustainability of independent pharmacies.

Capital Region independent pharmacies remain community pillars as national chains face closures

Capital Region independent pharmacies remain community pillars as national chains face closures

timesunion.com

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