Kayhan Moayeri’s Post

View profile for Kayhan Moayeri, graphic

Entrepreneurial Pharmacist @ Plitio | MBA, Drug Discovery

Canada's move towards a national pharmacare program, as outlined in Bill C-64, is poised to significantly reshape the landscape for pharmacies across the country. Here's how: Increased Patient Flow: With broader coverage for medications like contraceptives and diabetes drugs, pharmacies are likely to see an increase in patient visits. This could lead to busier pharmacies, particularly in areas where access to these medications was previously limited due to cost. Cost Management and Price Negotiation: The government's role in bulk purchasing could indeed lower drug prices, which might affect pharmacies' revenue models that were previously based on higher drug costs. However, this could also mean that pharmacies might need to adapt by focusing more on service fees rather than just the dispensing of medication. Shift in Service Delivery: As mentioned, there might be a shift towards pharmacies focusing more on patient consultation and health management services. This could mean: More in-depth medication reviews to ensure proper use and adherence. Increased involvement in managing chronic diseases through education and monitoring. Expansion of minor ailment services where pharmacists can assess, prescribe, and treat conditions traditionally seen by physicians. Adoption of Technology: The future of pharmacies under pharmacare could involve: Implementation of electronic prescribing systems to streamline operations and reduce errors. Use of pharmacy management systems for better inventory control, potentially integrating with a national formulary. Digital health platforms for patient engagement, medication reminders, and telepharmacy consultations. Economic Implications: Challenges: Initially, there might be economic challenges as pharmacies adjust to potentially lower margins on drug sales. The transition might also involve costs related to upgrading technology and training staff for new roles. Long-term Benefits: Over time, the increased volume of patients, combined with government support, could lead to: Stabilization of income through service provision rather than just drug sales. Potential for pharmacies to become more integral in primary care settings, enhancing their role in the healthcare system. Improved public health outcomes which could reduce overall health system costs, indirectly benefiting pharmacies through increased patient reliance on their services. https://lnkd.in/gtSE6v9x #PharmacareCanada #HealthcareForAll #PharmacyServices #PatientCare #DrugPricing #CostReduction #DigitalHealth #PharmacyTech #HealthcareEconomics #PharmacyFuture #UniversalHealthcare #HealthSystem #PharmacyConsultation #BulkPurchasing #PrescriptionManagement

Government of Canada Introduces Legislation for First Phase of National Universal Pharmacare

Government of Canada Introduces Legislation for First Phase of National Universal Pharmacare

canada.ca

To view or add a comment, sign in

Explore topics