Eight of the top ten #workcomp drug classes saw increased cost per script in 2023. In part one of our annual analysis, we’ve evaluated retail and mail order prescription trends. Download the report to find out more. https://lnkd.in/g23axMse
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Each year Enlyte researchers analyze drug utilization and spending trends in #workerscomp to provide the industry with new insights in pharmacy management. Enlyte’s 2024 series reflects on trends clients experienced in 2023, with an overview of both in- and out-of-network prescriptions. #enlyte #scriptadvisor #pbm #workerscompenation #riskmanagement #pharmacy #drugtrends
Eight of the top ten #workcomp drug classes saw increased cost per script in 2023. In part one of our annual analysis, we’ve evaluated retail and mail order prescription trends. Download the report to find out more. https://lnkd.in/g23axMse
Drug Trends Part 1
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Yesterday I shared some insights about reviewing your script audit log everyday to make sure you're not leaving money on the table. Another strategy to consider when trying to improve your gross margins is diversifying your revenue resources, more specifically, adding a compounding unit to your pharmacy. Retail pharmacies cost of goods = roughly 80% Compounding cost of good = roughly 20% This difference can leave your pharmacy with an upwards of 80% margins... ...And, it's mostly cash-based. If you can get the marketing right and if it seems like a great fit for your pharmacy this can be a phenomenal way to improve your gross margins. https://lnkd.in/deRKxJFK #pharmacy #pharmacist #pharmacylife #pharmacists #independentpharmacy #communitypharmacy #compoundingpharmacy
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“The preferences and experiences of customers hasn’t been the main driver for [self-checkout] and there has been little research into how customers feel about this major shift.” Self-checkout is the hot topic right now. Even in pharmacies, as it turns out. Our very own Gareth Johns gave his thoughts in this piece from Drug Store News - check it out in the comments below! – #Selfcheckout #SCO #Retail #Pharmacy #RetailInsights
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Maximize Value with Premium Pharmacy Labels! 💰 Did you know? You could be paying the same price for economy labels as you would for our customisable, top-coated premium quality labels at PharmacyLabels.Direct. Why compromise on quality when you don't have to? Plus, if you're already using premium labels from other suppliers, you might be surprised to find that you could save over 10% by switching to us. Enhance your dispensing process with our superior labels that combine quality and affordability. Make the smart switch to our premium labels today—you might find that you'll save money along the way! Discover more about our cost-effective solutions on our website: 🔗 PharmacyLabels.Direct #pharmacistlife #pharmacylabels #pharmacy #pharmacist
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Dave Wendland discusses how OTC manufacturers are becoming more intentional with their new product launches and how the growing trend of self-care has influenced manufacturers to create products tailored to those needs, among others in this interview with Drug Store News. https://lnkd.in/g6KdE72C #retail #retailstrategy #CPG #selfcare #newproductlaunches
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Most dynamic BD activities for OTC and Consumer health
Business Development Partnering Meetings for growth pharma executives, focusing on Internationalization, In- & Out-Licensing, Distribution, and Portfolio Development = #PharmaSynergy
We are thrilled to welcome the Geiser Pharma Team, who have recently joined #PharmaSynergyOTC 2024! Call for #BusinessDevelopment & #Distribution pharma executives focused on #Over_the_Counter & #ConsumerHealthcare products! Join us at #PharmaSynergyOTC, returning for its third year on September 12-13, 2024 in #Paris at Les Salons Hoche https://lnkd.in/ghRxdD7 Why #PharmaSynergyOTC is the perfect B2B partnering platform for you? 1️⃣ Efficient #B2BPartnering: Connect exclusively with BD & Distribution executives #OTC, #CHC, #Dermocosmetics, #OTCMedicalDevices, #FSMP. 2️⃣ #Growth_Stimulating_Content: Discover #trends,#innovations, and #geographical_opportunities in the OTC/CHC sector. Reserve your spot now to benefit from #early_bird_rates, meet with #BDteams focused on #OTC/ #CHC, gain BD-tuned #insights, and drive your business to new horizons! #PharmaSynergyOTC #Pharmaceuticals #BusinessDevelopment #Distribution #Over_the_counter #ConsumerHealthcare #Innovation #pharmatrends #consumerOTCtrends
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Tailor made secondary packaging | Contract packaging | Medical devices | Child resistant solutions | Packaging Equipment
Not cost-effective, but value-effective. Bespoke, high-quality packaging might come with a 'premium' price tag. However, solely focusing on costs might put your packaging quality at risk. Our goal isn't about being the most cost effective. Nor is it about being the most expensive or luxurious. Our commitment lies in maximizing the value of your investment. Here, 'premium' means getting the most out of every dollar, not high price. #packaging #pharma #premium
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Pharmacies face unique challenges in forecasting and replenishment: from managing drug substitutions to handling rapid price changes. The supply chain needs to be elastic and strong - that’s where RELEX Solutions comes in. Our AI-driven solutions ensure product availability, streamline seasonal and promotional planning, and reduce the manual work that often bogs down pharmacy teams. Instead of puzzling over inventory, you can focus on what really matters: your strategic initiatives. See how RELEX is helping pharmacies stay ahead. #Pharma #Drugs #SupplyChain
How RELEX helps pharmacies stay ahead
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Pharmacies face unique challenges in forecasting and replenishment: from managing drug substitutions to handling rapid price changes. The supply chain needs to be elastic and strong - that’s where RELEX Solutions comes in. Our AI-driven solutions ensure product availability, streamline seasonal and promotional planning, and reduce the manual work that often bogs down pharmacy teams. Instead of puzzling over inventory, you can focus on what really matters: your strategic initiatives. See how RELEX is helping pharmacies stay ahead. #Pharma #Drugs #SupplyChain
How RELEX helps pharmacies stay ahead
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Pharmacies face unique challenges in forecasting and replenishment: from managing drug substitutions to handling rapid price changes. The supply chain needs to be elastic and strong - that’s where RELEX Solutions comes in. Our AI-driven solutions ensure product availability, streamline seasonal and promotional planning, and reduce the manual work that often bogs down pharmacy teams. Instead of puzzling over inventory, you can focus on what really matters: your strategic initiatives. See how RELEX is helping pharmacies stay ahead. #Pharma #Drugs #SupplyChain
How RELEX helps pharmacies stay ahead
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