Pharmacy U news

Wow, there has been a lot going on in pharmacy in Canada. I was starting to write a completely different blog, but that update simply had to wait, given the recent communication from Express Scripts Canada (ESC) introducing a monthly service fee to pharmacy providers beginning January 1, 2024.

Wow, there has been a lot going on in pharmacy in Canada. I was starting to write a completely different blog, but that update simply had to wait, given the recent communication from Express Scripts Canada (ESC) introducing a monthly service fee to pharmacy providers beginning January 1, 2024.

In the pharmacy, there are countless ways of being a set-up person. For example, you can leave a proper note, count out the meds in anticipation of the door-crasher tomorrow morning, allow staff to make their own schedule within set parameters, give people freedom to make workflow decisions, do the dishes from the compounding sink, check your fair share of blister packs or organize the paperwork for tomorrow’s appointments.

If your experience is anything like mine, the ability to add value to our patients and customers is a seismic shift! I wish I could say it is just as easy as offering value-add programs, but it not. Adding value is an intentional effort to make a relevant impact in the lives of the patients we serve. Adding value is key to leading patients to better health.

Labour shortages have been a fact of life for generations. Complicating this situation is the significant upset in staff availability over the holidays. So how do you plan your pharmacy staffing for the holiday season?

Pharmacy is like a snow storm. During a heavy storm, we cannot keep up with the falling snow even with constant shovelling. We end up going about our lives, then dealing with the damage when the storm is over. The act of shovelling is put on hold until after the storm is over.

There are far too many times when a patient is diagnosed, a medication is prescribed, and the timeline to assess success or failure of the therapy is not defined in a timely or meaningful way. It is like a circle that is incomplete.

Tax-loss selling is an investment strategy that can lower your tax bill. Interested in knowing more? Does this apply to your pharmacy business? Read on. This investment strategy kicks in when you sell a stock for a capital loss, so that you can use the loss to offset realized capital gains with a view to reducing the tax you ultimately pay.