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Pharmacist Career Insights - Surviving A Rigged Game
Manage episode 506677079 series 3645859
Pharmacist Career Insights
Have you ever wondered why your neighborhood pharmacy close down while chain stores keep multiplying? The answer lies in a healthcare system that is broken to its core.
Dr. Neal Smoller - an entrepreneur, a holistic pharmacist and owner of Village Apothecary in Woodstock, NY, pulls back the curtain on the job of a pharmacist and the pharmacy industry’s hidden economics.
With refreshing candor, he explains how Pharmacy Benefit Managers (PBMs) – often owned by the very chains they’re meant to regulate – have rigged the system so that independent pharmacies lose money on nearly one in five prescriptions. And yet, despite these odds, independents continue to outshine the chains in patient care and commitment to their communities, staying alive through grit and creativity.
Whether you're exploring new career opportunities in healthcare or simply looking for a job advice, this episode delivers essential career insights and tips that you won’t hear anywhere else.
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Music credit: Kate Pierson & Monica Nation
Chapters
1. The State of Pharmacy Medications (00:00:00)
2. Introduction to Dr. Neil Smoller (00:00:28)
3. Path to Becoming a Pharmacist (00:01:19)
4. Competing with Corporate Pharmacies (00:03:16)
5. The Broken Economics of Pharmacy (00:06:28)
6. Pharmacy Reimbursement Challenges (00:09:29)
7. Pharmacist Earnings and Education (00:12:48)
8. Medication Management and Challenges (00:15:02)
9. COVID Vaccines and Government Funding (00:16:38)
10. Holistic Approach to Patient Care (00:21:04)
11. Hiring and Staffing Challenges (00:23:11)
12. Conclusion and Final Thoughts (00:25:16)
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