Nisse Peng, PharmD, PhC’s Post

Chain retail needs better working conditions and has for MANY YEARS! With the PBM reign of terror causing independent pharmacy closures every single day, you will only see more burden added to the Chain Retail Pharmacies left standing. There will be more burnout, more mental breakdowns, a higher degradation of patient care, a frightening increase in med errors and patient harm. PBM Abuse is not just a problem for Independent Pharmacy. It is just as much of a problem for Chain Retail Pharmacy. But more importantly it’s a problem for patients, they will be harmed the most!! Do we need more people to die from med errors or a few more pharmacist to have heart attacks on shift to get the point across?

Chain retail needs better working conditions and has for MANY YEARS! With the PBM reign of terror causing independent pharmacy closures every single day, you will only see more burden added to the Chain Retail Pharmacies left standing. There will be more burnout, more mental breakdowns, a higher degradation of patient care, a frightening increase in med errors and patient harm. PBM Abuse is not just a problem for Independent Pharmacy. It is just as much of a problem for Chain Retail Pharmacy. But more importantly it’s a problem for patients, they will be harmed the most!! Do we need more people to die from med errors or a few more pharmacist to have heart attacks on shift to get the point across?

Hello connections Red alert to retail pharmacist Government thinking to allow sale of over the counter medicines to grocery stores. Because of this decision may be customer think from now OTC medicines they can purchase from online but as a retail pharmacist its very disappointing as every retail pharmacist try very hard each day to get new customers and OTC customers are prime for many standalone pharmacies. according to me 1)Dispensing of any medicines should be right on only pharmacist 2) Pharmacy student already learn about risk management in case of adverse event so in any severe situation pharmacist is best person for handling hazardous situation 3) Grocery stores dont know exact dose which is needful to patient even if it is OTC We dont know weather this law will come into practice but pharmacist should be upgrade themselves in terms of pharmacy practice I request government also to think once before implement it as many small retailers rely on OTC sale and it directly impact their daily business I mention my opinion in my latest youtube video (link https://lnkd.in/dHh79uMR) #newFDAregulation #retailpharmacist

Hot take: I think it's interesting that this coverage excluded the role of CVS PBM in Walgreens decline, or the fact that CVS owns its PBM, or the fact that CVS will put the PBM CEO in as the new CVS CEO. There is no reason that a pharmacy should own a PBM. Also, the interview suggests that people don't want to connect with a pharmacist and would prefer mail order. I love the convenience of delivery but I don't think the sweeping generalization about Americans wanting their meds, wanting them cheap, and wanting them delivered is an accurate reflection as much as it is a manufactured pathway meant to defray costs and increase bottom line - along with increasing executive salaries and shareholder payouts. Many older people rely on their relationship with their care teams- to include the pharmacists- but corporate commodification of our health and well-being has made these relationships less accessible, and unsustainable. Anti-trust much?

Closing Loopholes: Addressing Online Pharmacies and Vape Shops The proliferation of online pharmacies has introduced a concerning trend where some entities exploit regulatory gaps under the guise of legitimate healthcare providers. This is especially prevalent in the context of nicotine vaping products. It’s crucial to recognize that not all online pharmacies operate with the same standards of care and regulatory compliance as traditional brick-and-mortar pharmacies. Some online platforms may masquerade as genuine healthcare providers while actually functioning as outlets for unregulated vaping products. This practice poses significant risks: 1️⃣ Regulatory Ambiguity: Online pharmacies may operate in jurisdictions with lax regulatory oversight, allowing them to circumvent strict controls that safeguard public health and safety. 2️⃣ Consumer Safety: Consumers may unknowingly purchase nicotine vaping products that do not meet established safety standards or have undergone rigorous testing for efficacy and quality. 3️⃣ Impact on Public Health: The availability of unregulated vaping products through online pharmacies undermines efforts to promote responsible use and restrict access to minors, potentially exacerbating public health concerns. As we advocate for stringent regulations and policies governing the sale of vaping products, it’s essential to address loopholes that compromise patient safety and regulatory integrity. Let's prioritize transparency and accountability to ensure that online pharmacies uphold the same rigorous standards as traditional pharmacies. Your perspectives and experiences on this issue are valuable in shaping a safer healthcare landscape. #HealthcareRegulation #PublicHealth #OnlinePharmacies #VapingProducts #PatientSafety #RegulatoryCompliance

Chain vs Independent Pharmacies: USA Edition Chain pharmacies like Walgreens and CVS currently hold the majority market share of around (65-70%). This number has been increasing for a while now, with tough times, their efficiency, wide reach, and standardized experiences across locations have allowed for their growth. Working conditions at big chains have been a challenge; this may lead to the resurgence of smaller independents. They tend to have better customer relationships and build a more personalized service. #pharmacystaffing #independentpharmacy #retailpharmacy #chainpharmacy #pharmacynews

𝙄𝙨 𝙩𝙝𝙚 𝙚𝙣𝙙 𝙣𝙚𝙖𝙧 𝙛𝙤𝙧 𝙗𝙧𝙞𝙘𝙠-𝙖𝙣𝙙-𝙢𝙤𝙧𝙩𝙖𝙧 𝙥𝙝𝙖𝙧𝙢𝙖𝙘𝙞𝙚𝙨? With the rise of e-commerce giants like Amazon offering convenient, lower-cost prescription deliveries, brick-and-mortar pharmacies face a tough battle to stay relevant. Walgreens plans to close 1,200 stores over the next three years as consumers shift towards online and on-demand solutions. Can pharmacies adapt to meet today’s healthcare needs, or are closures just the beginning? Here's what experts are saying about the future of pharmacy- https://lnkd.in/dZ9F6AZj #healthandwellness #healthcare #prescriptions #walgreens #pharmacy

𝙄𝙨 𝙩𝙝𝙚 𝙚𝙣𝙙 𝙣𝙚𝙖𝙧 𝙛𝙤𝙧 𝙗𝙧𝙞𝙘𝙠-𝙖𝙣𝙙-𝙢𝙤𝙧𝙩𝙖𝙧 𝙥𝙝𝙖𝙧𝙢𝙖𝙘𝙞𝙚𝙨? With the rise of e-commerce giants like Amazon offering convenient, lower-cost prescription deliveries, brick-and-mortar pharmacies face a tough battle to stay relevant. Walgreens plans to close 1,200 stores over the next three years as consumers shift towards online and on-demand solutions. Can pharmacies adapt to meet today’s healthcare needs, or are closures just the beginning? Here's what experts are saying about the future of pharmacy- https://lnkd.in/dZ9F6AZj #healthandwellness #healthcare #prescriptions #walgreens #pharmacy

5 repeatable phrases. That's what Sarah Branton, OTC Category Buyer for Louisiana Wholesale Drug Co., Inc. asks brands to provide her when she brings them on board. 5 repeatable phrases that will help them sell the product at the shelf. LWD supplies 250 independent pharmacies across six states: Oklahoma, Texas, Arkansas, Louisiana and Mississippi. More than half of the pharmacists are shareholders, and LWD acts as a kind of Co-op and buying group, shipping to the stores five days a week from its DC in Lafayette, La. What Sarah aims to do is to arm team members throughout the organization with information they need to more effectively sell these new brands, and by getting them all on the same page with these 5 repeatable phrases, it ensures consistent messaging throughout. She also gets other businesses within the pharmacies' communities involved. For example, local travel agents will recommend a traveler to pick up CofixRx at their local pharmacy before they travel to boost their immunity. When these consumers stop at the pharmacy to pick it up, they may pick up some other travel items, as well. Plus, if they are a new customer, it gives the pharmacist a chance to engage them. Learn more about how Sarah does this in the video interview below with Joseph Tarnowski, recorded on location at ECRM's recent Personal Care, Health Care and Baby & Infant Sessions. #marketing #pharmacy #retail #cpg #ecrmrangeme Craig C. Sarah Davidson Judy A. Scott Porter 

None of it is working. The aisles of US drugstores are filled with locked cabinets full of toothpaste, shampoo and makeup. Patients wait in line for prescriptions at the rear of the store, where staffing is often thin and harried pharmacists rush through consultations while juggling phone calls. After decades of not changing their standard model, the two US drugstore giants are unrolling blueprints with the intention of #fixing America’s broken pharmacies. Walgreens and CVS Pharmacy "would love to return to such glory days as 2015, when Walgreens’ and CVS’ chains each had about 8,000 stores, employing tens of thousands of pharmacists. CVS’ pharmacy and consumer wellness operating margin was 9.9% that year, and Walgreens’ was 4.4% in the US. Since then, it’s another story. CVS’ pharmacy operating margin was 4.6% last year; Walgreens’ was -5%. For Walgreens, the issue is even more dire: Almost four-fifths of its sales last year came from its poorly performing US pharmacies. Investor displeasure has been evident, as shares have lost a third of their value this year alone and 77% over the past decade. CVS shares have lost 26% over the past 10 years." via Fiona Rutherford @ Bloomberg ********** Failure takes time. But the broader problem is deeper, wider and buried deep in the bedrock. It's a linear-hope-followed-by-expontental-scramble form of management born from a history of education that starts in kindergarten, long before a certificate of completion from the C-suite program at Harvard University is posted on LinkedIn. The thing that's not working is the thinking. Or more precisely, an entire system of thought baked and basted into a fragmentary worldview, now trying to break the hold of a massive feedback loop powered by cliche. You can't invent the automobile if you're trying to "fix" the horseless carriage. But if your vision is a return to the past....if the AI-enabled blueprint for growth is directed at trying to fix the thing that's not fixable....if the big ambition sits on the Standard Model....well, to quote Seinfeld: "Good luck with all that." #ModernStrategy @ Blue Spoon Consulting