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New NCPA, NACDS Study Finds $10.55 Cost of Dispensing Nationwide | eNews Weekly | October 27, 2015

by NCPA | Oct 26, 2015
EDITOR'S PICKS October 27, 2015

New NCPA, NACDS Study Finds $10.55 Cost of Dispensing Nationwide
A study jointly commissioned by NCPA and the National Association of Chain Drug Stores calculated a community pharmacy's average cost of dispensing nationally ...
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FDA Set to Begin Enforcing Dispenser Product Tracing Requirements Nov. 1
The Food and Drug Administration is scheduled to begin enforcement Nov. 1 ...
Read more >

MORE NEWS

 » NCPA Urges Congress, Medicare to Expand MTM

 » Independent Community Pharmacists Aid White House Efforts to Fight Opioid Abuse

 » Independent Community Pharmacies Highlighted in Congressional Speeches

 » NPR Explains for Listeners the PBM Pricing Policies That Are Hurting Independents

 » New Study: Community Pharmacy Network Demonstrates Improved Adherence

 » Help Your Patients Navigate Part D Changes With NCPA Resources

 » PQA, Pharmacy Groups Hosting Quality Ratings Workshop for Community Pharmacists

 » Attend the NCPA Convention? Get Credit for Your CE!

 » Is Your Digestive Health Section Upsetting Profits? – Front-End Overhaul for More Traffic, More Profit

 » Apply for a Grant to Pilot HPV Vaccination Program in Pharmacies

 » Don't Delete NCPA Mobile From Your Phone!

 » Reserve Now for the NCPA Multiple Locations Pharmacy Conference

bluecross New NCPA, NACDS Study Finds $10.55 Cost of Dispensing Nationwide
A study jointly commissioned by NCPA and the National Association of Chain Drug Stores calculated a community pharmacy's average cost of dispensing nationally—not including pharmacy profit—at $10.55 per prescription.

The survey encompassed approximately 19,000 community pharmacies and reviewed 1.2 billion prescriptions. It is available to NCPA members online.

Many states have moved to, or are considering, a reimbursement model based on the pharmacy's average acquisition cost for medication plus a dispensing fee. The new data will play an important part of community pharmacy's efforts to ensure dispensing fees are adequate under such an approach.

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bluecross FDA Set to Begin Enforcing Dispenser Product Tracing Requirements Nov. 1
The Food and Drug Administration is scheduled to begin enforcement Nov. 1 of the product tracing requirements for dispensers under the Drug Supply Chain Security Act. That means that starting Sunday dispensers must not accept ownership of product without receiving product tracing information, prior to or at the time of a transaction, and must capture and maintain the product tracing information for six years.

The law specifically allows dispensers to utilize the services of third parties to capture this transaction information for the pharmacy and store it for the requisite time on their behalf. Most wholesalers are offering this service to their pharmacy customers through a dedicated portal that operates along with the wholesalers' ordering system that will allow a pharmacist to look up exactly what products they ordered and on what date. So as of Nov. 1, pharmacies should be sure that they can in fact access their wholesaler(s) portal to view this information.

In June, the FDA announced that it would postpone enforcement due to concerns over the readiness of dispensers to comply with the exchange and capture of product tracing information: Transaction Information (TI), Transaction History (TH), and Transaction Statements (TS). The delay, urged by NCPA, was intended to ensure that dispensers had enough time to "utilize electronic systems to capture and maintain product tracing information."

An updated version of the NCPA supply chain fact sheet is now available on the Advocacy portion of the NCPA website.

In addition, the law requires pharmacies to put into place a specific set of policies and procedures that they will employ if they encounter a "suspect or illegitimate drug product." NCPA will be releasing a suggested template later this week that will outline the types of activities that such a policy or plan should include.



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bluecross  NCPA Urges Congress, Medicare to Expand MTM
Medicare can achieve the dual goals of better health outcomes for its beneficiaries and at lower overall costs if the medication therapy management (MTM) services of community pharmacists are better utilized, NCPA said last week in comments submitted to a congressional panel.

As the House Energy and Commerce Subcommittee on Health conducted a hearing on MTM in the Medicare Part D program, NCPA proposed several enhancements to benefit patients and taxpayers alike.

"The implementation of MTM by pharmacy benefit management (PBM) corporations is ripe for review," said NCPA CEO B. Douglas Hoey, Pharmacist, MBA. "Rather than realize the demonstrated benefits of face-to-face MTM, some PBM corporations have taken a check-the-box approach and relegated the service to phone banks and mass mailings. NCPA strongly supports Medicare's recent efforts to improve MTM services and will continue to work with Medicare officials and Congress toward that end."

NCPA's comments cited Medicare and Congressional Budget Office data on the health and cost-saving benefits of MTM and offered a range of recommendations to get the most out of MTM.


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bluecross Independent Community Pharmacists Aid White House Efforts to Fight Opioid Abuse
The White House, after gathering input from many stakeholders, including NCPA, has launched a renewed effort to combat abuse of both prescription painkillers and heroin. President Obama announced the effort at a town hall forum in Charleston, W.Va., last week. Representing NCPA was Patty Johnston, RPh, of Colony Drug, an independent community pharmacy in nearby Beckley.

Part of the White House declaration was a fact sheet, "Obama Administration Announces Public and Private Sector Efforts to Address Prescription Drug Abuse and Heroin Use." It contains many of the recommendations from NCPA and other pharmacy groups. It also recognizes one of the ways NCPA will specifically support efforts to reduce drug abuse: NCPA, "representing 23,000 pharmacies with over 62,000 pharmacists, will be distributing inserts to community pharmacists that highlight safe drug disposal and naloxone."
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bluecross Independent Community Pharmacies Highlighted in Congressional Speeches
Rep. Doug Collins (R-Ga.) led a series of speeches on the House floor Oct. 20 about the vital role community pharmacies play in delivery health care to millions of Americans, especially in underserved communities.

Collins has fought to remove many of the unnecessary impediments that threaten the viability of pharmacies and endanger patient access to their services. He is an original sponsor of H.R. 244, the MAC Transparency Act, for example.

Collins was joined in his speeches by several other lawmakers including Reps. Dave Loebsack (D-Iowa) and Earl "Buddy" Carter (R-Ga.). As the other original sponsor on H.R. 244, Loebsack is another champion on this issue. Carter offers the perspective of being a pharmacy owner before becoming a member of Congress.

You can also read all the speeches that were entered into the Congressional Record here, including those by Reps. Rod Blum (R-Iowa) and Austin Scott (R-Ga.).

Collins organized the speeches to honor pharmacists as part of American Pharmacists Month (October).


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bluecross NPR Explains for Listeners the PBM Pricing Policies That Are Hurting Independents
Hear NCPA CEO B. Douglas Hoey, Pharmacist, MBA, and Maryland independent community pharmacy owner Narender Dhallan interviewed on National Public Radio's All Things Considered in a segment called "How Generic Drugs Can Cost Small Pharmacies Big Bucks." Aired Oct. 22, it carefully explained how the "buy high-sell low" dynamic of rapidly rising acquisition costs for generic prescription drugs not being matched by updated reimbursements from PBM corporations is so harmful for independent community pharmacies.


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bluecross New Study: Community Pharmacy Network Demonstrates Improved Adherence
Independent community pharmacies can network together across diverse practice settings to achieve dramatically improved patient health, according to a landmark study with direct application to a health care system transitioning toward value-based reimbursement for pharmacists and other providers.

The year-long study measured the collective impact of appointment-based medication synchronization (ABMS) services provided by 82 participating community pharmacies across Arkansas. Pharmacies, operating on 13 unique pharmacy management systems, provided standardized ABMS services using technology provided by PrescribeWellness. It was conducted by NCPA in collaboration with the Arkansas Pharmacists Association and with support from Pfizer.

Patients who received ABMS services were over 2.5 times more likely to stick with their medication as prescribed by their doctor. Patients who did not receive ABMS services were 21% more likely to discontinue their prescription drug regimen.


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bluecross Help Your Patients Navigate Part D Changes With NCPA Resources
Open enrollment for the 2016 Medicare Part D plan year runs through Dec. 7. A number of important changes that community pharmacists should know about have been made to the program and NCPA has created a number of new resources explaining them:

  • Pharmacist Quick Reference Guide

  • 2016 Medicare Part D Update and FAQs

  • Top 10 Part D Plans—Preferred Network Status of Independents

  • 2016 Medicare Part D Evaluation Tool

  • Summary of Changes for Calendar Year 2016—Provisions of Interest to Community Pharmacy

  • FAQ on Direct and Indirect Remuneration (DIR) Fees [New]

  • Bag stuffer for Patients and Caregivers about Annual Enrollment Period [New]

The 2016 Medicare Part D Evaluation Tool has a new feature this year as we have added a designator to indicate if a DIR is charged to network pharmacies.


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bluecross PQA, Pharmacy Groups Hosting Quality Ratings Workshop for Community Pharmacists
The Pharmacy Quality Alliance (PQA) is hosting a one-day pharmacy quality ratings workshop for community pharmacists Nov. 9. It will focus on core competencies and techniques needed to perform well on quality measures currently used by health plans and PBMs to rate their pharmacy networks. The other hosts are the American Pharmacists Association, the National Association of Chain Drug Stores, NCPA, and the National Alliance of State Pharmacy Associations. The workshop will be held at the Westin Hotel in Old Town Alexandria, Va. Registration information and the full agenda may be found here.


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bluecross Attend the NCPA Convention? Get Credit for Your CE!
To receive continuing education (CE) credit for programming at the NCPA 2015 Annual Convention, have your NABP-issued e-Profile ID ready. If you haven't obtained this ID yet, please visit www.cpemonitor.com and register now. Submission of your e-Profile ID and DOB (MMDD) is required in order to obtain credit for the CE sessions you attended at the convention. You can submit the online evaluation at www.pharmacistelink.com. The deadline for submission is Nov. 24. NCPA will submit your CE activity six weeks after the convention, so please make sure to complete the online evaluation within the six-week timeframe.


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bluecross Is Your Digestive Health Section Upsetting Profits?—Front-End Overhaul for More Traffic, More Profit
The digestive health category continues to show steady growth in sales, mostly fueled by Rx-to-OTC transitions. This is a destination category where customers are looking for relief, so ensuring that you never run out of the popular brands and their private label equivalents is imperative. The latest One-Pager Tip from NCPA's senior director of store operations and marketing Gabe Trahan will ensure you are stocking the right products with the right prices—and in the right way on the shelf. Don't let sales lag in this top-performing category!

Access more front-end merchandising tips and advice from Gabe by following him on Twitter and visiting the Front-End Overhaul site. And don't forget to sign up for the FREE biweekly Front-End Profit Makers email—a must-read for any store owner, front-end manager, and front-end staff with tips, news, and more. The next edition comes out later this week—sign up now so you don't miss out!


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bluecross Apply for a Grant to Pilot HPV Vaccination Program in Pharmacies
The American Cancer Society is seeking proposals for a pharmacy-based HPV vaccine program. The primary objective is to solicit proposals that will result in the identification of one or more external contractors to facilitate the development and implementation of collaboration, coordination, and communication among community immunization stakeholders that result in completion of the 3-dose HPV vaccination series. The letter of intent is due Friday, Oct. 31 and the final proposal is due Nov. 16. Read the full RFP and learn how to apply here.


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bluecross Don't Delete NCPA Mobile From Your Phone!
Don't be left out of the latest news affecting community pharmacy—download our app, NCPA Mobile! Available for iPhone, iPad, Android, Blackberry, and any web browser-enabled smartphone, the app provides easy-to-use interactive capabilities to help you stay up-to-date on the latest news from NCPA. Don't delete the app now that your convention experience is over—keep it on your phone year-round for updates, news, alerts, and more from NCPA.

To get the free NCPA Mobile app:


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bluecross Reserve Now for the NCPA Multiple Locations Pharmacy Conference
It's never too soon to start planning to attend the NCPA Multiple Locations Pharmacy Conference, where you can learn management solutions that will help you expand your business and make your current pharmacies even more successful. Join us at the Hyatt Regency Coconut Point Resort and Spa in Bonita Springs, Fla., (Fort Myers), Feb. 10-14, 2016.

Hotel reservations are now open. To reserve a room at the NCPA special rate, please click here.

At the conference, you'll discover new ideas at one of our intimate networking sessions or educational programs, including tips on customer service, the latest trends in technology, and improving workflow. If you own more than one pharmacy or are thinking about expanding, this conference is especially for you. Check back for programming and schedule information in the coming weeks.

For registration information, visit www.ncpanet.org/multiplelocations.

Hotel reservations are now open. To reserve a room at the Hyatt Regency Coconut Point Resort & Spa under the NCPA special rate, please click here.


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