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How Does the Affordable Care Act Impact Independent Pharmacists?

Let’s talk about your evolving business

It’s no secret that health care reform and the Affordable Care Act are changing the game for all the players on the healthcare team — including pharmacists.

As we look for ways to support patient wellness and combat our climbing healthcare costs, everyone is going to have to play differently. We’re on the fast track to a collaborative, integrated approach to caring for patients.

How did we get here, and what does it mean for independent pharmacists?

 Let’s talk business in the new healthcare system.

Over the next few weeks, we’re going to dive deeper into these issues. What is the pharmacist’s role on the new healthcare team? How do independent pharmacists stay relevant in this new, value-based system? How do you become a critical part of new care models and show your impact? How do you use this time of uncertainty as a huge opportunity to drive business growth?

Stay tuned. We’re working with industry experts to gather answers and insights, and we’ll share them with you soon.

Video Transcript

“The healthcare crisis.”

We’ve all heard that phrase tossed around lately. Health care reform and the Affordable Care Act are changing the rules — significantly and rapidly. Let’s look at how we got here in the first place.

To put it simply, our healthcare costs have been climbing since 1990. Despite the spending, we’re not getting any healthier. Patient outcomes continue to decline.

A few things are contributing to this. We have a large aging population and higher life expectancy. And, a significant portion of our population is managing one or more chronic illnesses. Heart disease, diabetes, and cancer account for 80 percent of America’s health care spending.

So we have more people — sicker people — living longer, and requiring treatment over a longer period of time.

This led to a volume-driven healthcare system. Physicians, hospitals, and pharmacists were paid for each transaction. More transactions meant a bigger paycheck.

Well, healthcare reform is changing all of that — Obamacare or not. The shift has started, and there’s no going back.

We’re moving towards a value-based healthcare system, focused on a triple aim:
Parata’s pharmacy technology solution
1) better care
2) healthy people
3) and reduced costs

This means providers have to follow new rules. They must focus on the quality of care and impacting patient outcomes.

For independent pharmacists, this raises a big question: Will you be relevant in this new system?

We think you can be.

To pull it off, you’ll need a new approach. You’ll have to forge new partnerships to create the volume you need to stay in business. You’ll have to leverage technology to keep up with that demand and reduce your costs. And you’ll have to put the patient’s wellness first.

We’re here to help. Learn how Parata’s Pharmacy Technology Solutions put you out in front.

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