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Episode 12: A Refreshing Look at Pharmacy Benefits (Part 1)

29:39
 
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Manage episode 313694753 series 3282256
Treść dostarczona przez Cristy Gupton. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Cristy Gupton lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.

00:00 Intro

00:40 In today's episode

00:58 Vinay Patel of Self Insured Pharmacy Networks

02:16 What is a PBM?

02:32 PBM = claim processor just like a TPA on the medical side

03:15 but also rebate management, clinical management, etc.

04:17 what about the cost?

04:42 episode 8, "transparency"

05:08 Tim Thomas, quote on transparency

05:50 There's money in here, if you can find it--it's yours

06:02 Do we just need transparency? Or do we need a fiduciary?

08:00 It all depends on what's in the contract

08:56 Fiduciary principles mean I'm acting in the best interests of my client

09:57 NADAC = National Average Drug Acquisition Cost

11:09 University of Lynchburg Master's Program in Health Benefits Design

12:06 All things being the same, the price fluctuates by hundreds of dollars

13:00 Supply & Demand still exists but Rx prices can still be normalized

13:13 Manufacturers adjust brand names twice per year

14:17 Average Wholesale Price (AWP) means wholesalers are setting the prices

14:55 A little disruption might be in order here

15:25 We should have a buyer's market, not a seller's market

15:50 Direct Primary Care doctors are also dispensing Rx onsite

16:40 Let's step back and highlight DPC

17:20 Patients want a relationship with their providers, Providers want that too

18:12 Now that DPC has primary care handled, let's give them better access to Rx

18:57 A subscription model for Rx also

20:00 How many pharmacies are locally owned?

20:39 Answer = one third, about 22,000 pharmacies

21:47 A superior customer experience with care catered to the patient

23:40 Pharmacists in big box stores want to cater to patients but can't because of the system

25:30 A "concierge" pharmacist? Yes, it's possible

26:39 Local care team like Carl Schuessler says in the "Marcus Welby days"

28:12 Quadruple Aim means the physician/provider experience is important too

29:01 Cliffhanger--What's a day in the life of a community pharmacists?

29:08 That's all for today

29:16 Thank you, visit us at www.custombenefits.work, #letsfixhealthcare

  continue reading

33 odcinków

Artwork
iconUdostępnij
 
Manage episode 313694753 series 3282256
Treść dostarczona przez Cristy Gupton. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Cristy Gupton lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.

00:00 Intro

00:40 In today's episode

00:58 Vinay Patel of Self Insured Pharmacy Networks

02:16 What is a PBM?

02:32 PBM = claim processor just like a TPA on the medical side

03:15 but also rebate management, clinical management, etc.

04:17 what about the cost?

04:42 episode 8, "transparency"

05:08 Tim Thomas, quote on transparency

05:50 There's money in here, if you can find it--it's yours

06:02 Do we just need transparency? Or do we need a fiduciary?

08:00 It all depends on what's in the contract

08:56 Fiduciary principles mean I'm acting in the best interests of my client

09:57 NADAC = National Average Drug Acquisition Cost

11:09 University of Lynchburg Master's Program in Health Benefits Design

12:06 All things being the same, the price fluctuates by hundreds of dollars

13:00 Supply & Demand still exists but Rx prices can still be normalized

13:13 Manufacturers adjust brand names twice per year

14:17 Average Wholesale Price (AWP) means wholesalers are setting the prices

14:55 A little disruption might be in order here

15:25 We should have a buyer's market, not a seller's market

15:50 Direct Primary Care doctors are also dispensing Rx onsite

16:40 Let's step back and highlight DPC

17:20 Patients want a relationship with their providers, Providers want that too

18:12 Now that DPC has primary care handled, let's give them better access to Rx

18:57 A subscription model for Rx also

20:00 How many pharmacies are locally owned?

20:39 Answer = one third, about 22,000 pharmacies

21:47 A superior customer experience with care catered to the patient

23:40 Pharmacists in big box stores want to cater to patients but can't because of the system

25:30 A "concierge" pharmacist? Yes, it's possible

26:39 Local care team like Carl Schuessler says in the "Marcus Welby days"

28:12 Quadruple Aim means the physician/provider experience is important too

29:01 Cliffhanger--What's a day in the life of a community pharmacists?

29:08 That's all for today

29:16 Thank you, visit us at www.custombenefits.work, #letsfixhealthcare

  continue reading

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