8/9/2015 pharmacy management 1 developing a community pharmacy practice site

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  • Slide 1
  • 8/9/2015 Pharmacy Management 1 Developing A Community Pharmacy Practice Site
  • Slide 2
  • 2 Working Definitions of Developing a Practice Site 8/9/2015 Pharmacy Management 2 Starting from scratch and creating a practice environment that does not exist. Taking a practice site that already exists and growing or shaping it into your ideal practice site. From your perspective what you want to do we will address consumer demand in the next lectures.
  • Slide 3
  • Possible Practice Sites & Activities 8/9/2015 Pharmacy Management 3 Traditional sites: chain, independent or hospital setting staff to ownership positions Non traditional opportunities: CVS Pharmacare (formerly ProCare), Kroger initiatives CVS Pharmacare Krogerinitiatives Head to Toe Wellness and Research Head to Toe Wellness and Research APC Pharmacy Care Clinic APC Cherokee Pharmacy Terry Forshee at the Pharmacy Clinic (and related businesses) http://www.cherokeepharmacy.com/ Barneys Pharmacy; coumadin clinics; kinetics; long term care Nuclear pharmacy; Government; Insurance industry (ESI, Medco); Pharma, VA, etc.
  • Slide 4
  • Possible Practice Sites & Activities 8/9/2015 Pharmacy Management 4 Specialty compounding Oncology Board certification, specialized practice sites Wellness Workplace interventions such as Asheville project - http://theashevilleproject.net/ http://theashevilleproject.net/ Fitness, lifestyle management Immunizations Long term care consulting
  • Slide 5
  • DOES YOUR IDEAL PRACTICE SITE EXIST? IF NOT, THEN: 8/9/2015 Pharmacy Management 5 Decide:
  • Slide 6
  • Thinking about your ideal practice site, could you actually create it? 8/9/2015 Pharmacy Management 6 What is your mission? What services will you offer? Are you clinically competent? Are you competent in terms of management, accounting, marketing, advertising and promotions? Is this a new idea, or is there already competition?
  • Slide 7
  • Thinking about your ideal practice site, could you actually create it? 8/9/2015 Pharmacy Management 7 Location? What will you need in terms of: Cash / Loans Staff Equipment Lawyers, builders, insurance agents How does the State BOP / Pharmacy Practice Act view your idea? How will you get paid? Is there sufficient demand?
  • Slide 8
  • 8/9/2015 Pharmacy Management 8 APC Pharmacy Care Clinic
  • Slide 9
  • 8/9/2015 Pharmacy Management 9
  • Slide 10
  • Balancing Clinical and Business Interests 8/9/2015 Pharmacy Management 10 Clinical Business
  • Slide 11
  • APC Pharmacy Care Clinic 8/9/2015 Pharmacy Management 11 APC Pharmacy Care Clinic Disease management programs Smoking cessation, asthma, lipids, coumadin, diabetes, HTN, general medication use. Clinical Trials Pharmacotherapy Reviews Immunization programs Payment / Reimbursement Billing incident to physician National HC Provider ID Number Contracts with insurers Direct payment from patients
  • Slide 12
  • Current status of APC 8/9/2015 Pharmacy Management 12 Independently operated Clinical trials & clinical services Drs. Aull, McElhannon, Cook, Johnson, Herist have created similar-expanded service sites Monroe, Clinton SC, Raleigh NC, Athens
  • Slide 13
  • Getting Started at the PCC 8/9/2015 Pharmacy Management 13 Develop physician relationship Identify needs: space equipment personnel (not just clinical) Billing and reimbursement Develop clinical protocols Must have MD input and approval Legal: Develop the collaborative practice agreement Develop the annual operating plan Check in with State BOP Take good care of patients
  • Slide 14
  • Important Documents: 8/9/2015 Pharmacy Management 14 The collaborative practice agreement Usually, required to be on file at State Board of Pharmacy Annual operating plan or business plan Clinical protocols Note: these documents will be very different for the many types of practice sites
  • Slide 15
  • Collaborative Practice Agreement 8/9/2015 Pharmacy Management 15 Spells out the legal issues between the providers (pharmacists and physicians) specifically, the boundaries of care are, and how care will be monitored.
  • Slide 16
  • Annual Operating Plan 8/9/2015 Pharmacy Management 16 Defines the financial arrangements: For APC, it was: MD handles all billing (insurance and cash payments) First $2,000 goes to APC for their cost of operations For each $1 over $2,000 revenues are split 65% to PCC and 35% to APC When payments will be made Financial controls to be used Could be between you and a physician group, pharmacy, other retail establishment, etc.
  • Slide 17
  • Clinical Protocols / Care Tools 8/9/2015 Pharmacy Management 17 Detailed documentation of the specific procedures as to how care will be provided. From a patient care perspective, these are the most important documents. Clearly delineate the parameters of the providing care.
  • Slide 18
  • Success Metrics 8/9/2015 Pharmacy Management 18 How will you define success? Satisfaction You Your patients The professionals you work with Revenue / salary Student training site Pharmacy students Pharmacy residents Scholarship Dissemination of the practice concept; Clinical / economic / outcomes studies
  • Slide 19
  • What about developing more traditional practice sites? 8/9/2015 Pharmacy Management 19 Are these kinds of practice environments possible? Will you be able to find a practice site that you will truly like?
  • Slide 20
  • Your ideal practice site could be right in your own back yard. 8/9/2015 Pharmacy Management 20
  • Slide 21
  • THIS STRATEGY IS ALSO KNOWN AS SUCCESS. 8/9/2015 Pharmacy Management 21 So remember (from first year): If you dont want to be replaced by a robot, dont act like one. Find or create the kind of practice site where you will be happy.

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