Pharmacy Times October 28, 2024
Key Takeaways
- Independent pharmacies face closures and declining profit margins, emphasizing the need for a reformed payment model and revenue diversification.
- Independent pharmacies provide essential healthcare services, with high percentages offering immunizations, medication therapy management, and long-term care services.
- The number of independent pharmacies decreased to 18,984 in 2024, with a decline in prescription volume and gross profit margins.
- Government programs cover 55% of prescriptions in independent pharmacies, highlighting their reliance on Medicare Part D and Medicaid.
The 2024 NCPA Digest, sponsored by Cardinal Health, was released today as part of the National Community Pharmacists Association’s Annual Convention, being held Oct. 26-29 in Columbus, Ohio. The NCPA Digest, which provides an annual overview of independent community pharmacy, found...
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