NCPA Executive Update

NCPA Executive Update delivers insights on legislative, regulatory, policy, and industry developments from NCPA CEO B. Douglas Hoey, Pharmacist, MBA, to NCPA members and pharmacy leaders every Friday.

Here's your sign | NCPA Executive Update | September 27, 2019

by NCPA | Sep 27, 2019

Dear Colleague,

Doug Hoey

Carson King was in the right place at the right time with his sign on ESPN's College Football GameDay in Ames, Iowa. The result was a million-dollar check donated to the University of Iowa's Stead Children's Hospital.

King used a Sharpie to scrawl "Busch Light Supply Needs Replenished" and provided his Venmo info. He was hoping to get 25 bucks. When the total hit $600, he said he would contribute the money to the Iowa Children's Hospital. That's when things really took off. Donations started pouring in. Busch and Venmo said they would match the total contributions. The total contribution to the Iowa Children's Hospital has crossed the $1 million mark. And it all started with a simple message at the right place and the right time.

At NCPA, our College GameDay sign would be along the lines of "Let's Change the Pharmacy Payment Model!" The current model is complex, cumbersome, confusing, and most of all, covert. It doesn't serve anyone well (except for PBMs) and is ripe for change to one that is straightforward, understood by consumers, and rewards pharmacies for the value they provide.

Well, our sign has not appeared on ESPN's College GameDay (not yet anyway!) but Changing the Pharmacy Payment Model is the theme of the NCPA Annual Convention coming up four weeks from today in San Diego. NCPA continues to fight pharmacy DIRs. This is a fight we have led from the beginning. While that battle wages on, we know that even when pharmacy DIRs are finally eliminated, prescription reimbursement pressures won't subside. That's why the programming at the convention is focused on ways to increase the value of pharmacy so patients and providers refuse to let you be squeezed out by a corporate middleman pushing assembly-line health care.

The program and speaker lineup for this year's meeting is impressive. There are some familiar faces and a host of new speakers with fresh experiences to share with you. Here's a few examples:

Jon Schallert—Teaches business and communities how to reinvent themselves into consumer destinations. His program is fueled by insights from interviewing 10,000 business owners and has appeared in the Wall Street Journal and Entrepreneur Magazine.

Arthur Greeno—Chick-fil-A owner and operator, best-selling author, and holder of two Guinness World Records. He shares his experience training his team how to honor their guests. "Serve them first and then serve them chikin'!"

Eric Pachman—Formed 46brooklyn to find answers to his questions about the convoluted prescription drug supply chain. His company has found millions of dollars of misuse in the Medicaid program.

Jason Rapert—State senator from Arkansas and chairman of the National Council of Insurance Legislators. A leading and loud voice in Arkansas about PBM abuses.

Jesica Mills—Owensboro Family Pharmacy and Wellness. Determined to help a sick loved one who had exhausted traditional treatment options, Jesica learned everything she could from her state board of pharmacy, department of agriculture, and local growers on how to provide safe hemp products to her patients. She is adamant about stocking high-quality products and educating patients on hemp-based products.

Dr. Scott Gottlieb will be Monday's keynote speaker. He was one of the few FDA commissioners to be highly vocal about prescription drug prices. He also led the agency's work on CBD and compounding. In his two years as FDA commissioner in the Trump administration, Gottlieb was on the front line of changing the pharmacy payment model.

NCPA's focus is helping change the pharmacy payment model to one that is better for community pharmacies and the patients they serve. Carson King's original intent was a simple plea for refreshment that turned into something big. Your sign is in San Diego where NCPA will be serving up a show that will be refreshing for you and your business. Thirsty?

Cheers,

Doug Hoey