Summary
Written by a model from the transcript; not yet reviewed.
This episode of the Pharmacy Podcast Network covers the National Association of Chain Drug Stores Total Store Expo in Boston, focusing on retail pharmacy profitability, front-end innovation, and technological advancements. The host interviews various industry leaders, including representatives from First Databank, RX Post, Pharmacy Marketplace, P3 Pharmacy, Caps Healthcare, Diversify RX, and Icon RX Safe. Discussions center on smart drug utilization review systems like Navago, pharmacy-to-pharmacy marketplaces for surplus drug liquidation, supply chain challenges, student entrepreneurship, central fill manufacturing, and new consumer wellness testing trends.
- Pharmacists can reduce alerting volume by over seventy percent and receive action-oriented recommendations by integrating smart D.U.R. systems like Navago. 4:48
- Independent pharmacies can utilize pharmacy-to-pharmacy marketplaces to sell unused drugs, minimizing supply chain waste and improving cash flow. 6:48
- Pharmacy technicians can leverage their operational skills and entrepreneurial spirit to negotiate higher pay and drive additional store revenue. 9:47
- Central fill technology and automation help alleviate labor pressures in retail and micro-chain pharmacies while enabling long-term care at home programs. 30:50
- Independent pharmacies can position themselves as community experts by offering in-store health testing services that modern consumers are willing to pay for out of pocket. 41:58
Chapters
- 0:05Podcast Intro and Expo Overview
Hosts introduce the Pharmacy Podcast Network and set the stage at the NACDS Total Store Expo.
- 1:27Navago Features and Workflow Integration
Detailed discussion of Navago’s alert consolidation, action orientation, and therapeutic alternatives.
- 4:40Navago Impact on Alerting and Efficiency
Navago reduces alert fatigue by over 70% and improves pharmacist workflow.
- 5:38RX Post Marketplace Overview
Amanda Bagden describes how RX Post connects pharmacies to sell unused drugs and reduce waste.
- 8:26Independent Pharmacy Challenges and Opportunities
Discussion of inventory, testing, and entrepreneurial roles for pharmacy technicians in independent settings.
- 27:00Central Fill and Home Delivery Solutions
Christopher Thompson explains CAPS Healthcare’s central fill, mail order, and home delivery technologies.
- 37:06Diversify RX and Independent Pharmacy Innovation
Heather Harrow talks about Diversify RX’s focus on testing, community engagement, and future trends.
Highlights
- 1:34
Consolidated Smart Alertsinsight
Navago provides retail pharmacists with consolidated, risk-based alerts that suggest specific follow-up actions and surface pre-screened therapeutic alternatives.
- 6:44
Pharmacy-to-Pharmacy Marketplacestrategy
RX Post connects independent pharmacies so they can sell unused drugs directly to one another, minimizing supply chain waste and improving cash flow.
- 9:47
Technician Entrepreneurshipinsight
Pharmacy technicians can take on projects that deliver results and generate store revenue, opening pathways to higher pay and entrepreneurial roles.
- 21:08
Student Perspective on AI and Diversityinsight
A student pharmacist shares how cultural competence cannot be programmed into artificial intelligence, highlighting the irreplaceable human element in patient care.
- 30:50
Central Fill and Labor Savingsstrategy
Central fill operations and automation help pharmacies combat labor shortages and rising costs while supporting multi-tenant dispensing systems for smaller chains.
- 42:16
Consumer Health Testing Demandinsight
Consumers are increasingly taking responsibility for their own healthcare and paying out of pocket for proactive testing services offered by community pharmacies.
Quotes
“Navago will provide that to them.”
Unnamed speaker · 2:05 “Navago is action oriented. So it provides the pharmacist with the next step.”
Unnamed speaker · 2:08 “The attitude is all about profitability. It's about building the front end out.”
Unnamed speaker · 37:30 “If you want to start a podcast, I know somebody that could help you.”
Unnamed speaker · 44:43
Sponsored segments
- First Databank 0:55–1:17
- First Data Bank 12:27–14:06
About this episode
Thank you First Data Bank (FDB) for sponsoring this episode's coverage of the NACDS Total Store Expo! The NACDS Total Store Expo was in Boston, MA from August 15-17! Pharmacy owners, pharmacy students, and pharmacists gathered for forward thinking conversations and innovation to create more profit and better outcomes in their pharmacies. The NACDS TOTAL STORE EXPO is the largest gathering of retailers and suppliers in the health and wellness industry. Discover new and innovative products, technology and services and find the partners you need to thrive in an unpredictable consumer environment. In this "on the street" style of interviews, our host Todd Eury, CEO and Founder of the Pharmacy Podcast Network connects with: Mike Plinski - FDB (First Data Bank) Amantha Bagdon - RxPost Kris Rhea - Pharmacy Marketplace EJ George - Pharmacy Student Christopher Thomsen - CAPSA Healthcare Heather Haro - DiversifyRx Daniel Heusmann - Eyecon RxSafe
Transcript
8,335 words · 8 speakers
Topics
- NACDS
- Navago
- NCPA
- Pharmacy Podcast Network
- RX Post
- Giant Eagle
- Boston
- California
- Kansas City
- Pittsburgh
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