Pharmacy Financial Operations Track
Maintaining a robust financial health in the field of pharmacy requires tenacity and agility in an ever-changing market. From operating expenses to reimbursements, there are many factors
that can affect the bottom line. The sessions in this track focus on ways to understand and improve pharmacy revenue including the impact of payers and new payor mandates and reimbursement strategies.
|Monday, August 29, 2022|
|1:00 PM - 2:00 PM|
Pharmacy Financial Operations Track: Understanding and Improving Pharmacy Revenue
1:00 PM - 2:00 PM
There are many factors that can affect the bottom line of a pharmacy’s revenue. As pharmacies continue to face declining reimbursements and PBM penalties, pharmacy owners need to diversify and seek alternate revenue streams beyond traditional model. Many pharmacists are offering differentiated products and services designed to attract new business and provide an alternative revenue stream. In this session, learn from industry experts how to increase revenue through ambulatory relationships, contracting, GPO, and new partnerships.
1. Define various sources of pharmaceutical revenue.
2. Explain the challenges of capturing payments.
3. Identify opportunities for pharmacy revenue through contracting, GPO, and Partnerships.
4. Describe new opportunities for new revenue.
|2:30 PM - 3:30 PM|
Pharmacy Financial Operations Track: Leading IDN’s Pharmacy Operations and Supply Chain
2:30 PM - 3:30 PM
Pharmacy and Supply Chain operations are increasingly more collaborative as organizations strive to increase safety protocols and improve patient care delivery. The past three years have highlighted the importance of leaders managing and understanding every department in the organization. Join this panel of industry thought leaders as they discuss the challenges and opportunities of managing both Pharmacy and Supply Chain, how disruptions and new entrants have impacted their organization and what the future holds.
|4:00 PM - 5:00 PM|
Pharmacy Financial Operations Track: Reimbursement Strategy
4:00 PM - 5:00 PM
For pharmacy leadership, any alteration to pricing models and payment mandates impacts your ability manage your pharmacy operations and ultimately improve patient care. As organizations and their leaders turn to the future, this session will identify what changes in the mandates will mean and define what strategies to implement to better position your organization in 2023. Join this industry expert as they review the 2023 payment rules affecting inpatient and outpatient pharmacy, site of care changes, analyze changes to payment guidelines on the horizon, and discuss strategies to mitigate these changes.
1. Explain the 2023 payment guidelines impacting inpatient and outpatient pharmacy.
2. Outline future payment rule trends and developments.
3. Formulate mitigation strategies for payment guideline changes.