I recently had the privilege of presenting at my first Executive War College. It was a great opportunity to address laboratory and diagnostic leaders about the common challenges and opportunities shared between laboratories and the pharmacy sector. One of the most common shared challenges is downward pressure on reimbursement rates. Both the diagnostics business and the pharmacy business are about serving more patients, and revenue compression makes this difficult.
There are several current trends that affect both laboratories and pharmacies, including:
• A continued, exponential increase in healthcare costs.
• An increase in missed clinical visits―while predicated on the COVID-19 pandemic, a significant gap persists
• Patients are receiving more clinical services at pharmacies including vaccinations, test-to-treat for COVID-19, strep throat, or flu, HIV PrEP and PEP, and chronic disease management. According to a J.D. Powers 2021 US Pharmacy Study, 51% of pharmacy customers have used health and wellness services at the pharmacy in the past year. Read more >
OmniSYS is a technology company with 25+ years of experience working with pharmacies, payers, providers and pharmaceutical manufacturers. We leverage this unique market insight along with our pharmacy workflow expertise to deliver valuable solutions that help pharmacies thrive in the changing pharmacy landscape. Our solutions help pharmacies engage patients, grow clinical services and improve financial performance. OmniSYS currently serves over 30,000 pharmacies, connects to hundreds of payers and touches millions of patient lives.
