Friday, November 08, 2013

Independent Pharmacy Profit Margins Not Driving Rising Medication Costs

Per Drug Channels:  "Given the slight increase in gross margin, gross profit dollars per prescription grew slightly, from $12.40 per prescription in 2011 to $12.61 per prescription in 2012."

While you can save some money using a preferred pharmacy network a focus on improving prescribing habits presents a far greater opportunity for savings and improved quality.

Update:  11/14/13
Wal-Mart recently aired commercials promoting their preferred pharmacy network option.  If you're interested in a preferred network please note that CMS found that of 13 plans reviewed  there were eight (8) that were less expensive and five (5) that were more expensive than the traditional plan.  It's not enough to just choose to use a preferred network. You need a solid analysis of savings, guarantees of those savings and audits to confirm.

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