Updated: Feb 15, 2021 So you’ve decided to take the plunge and apply for accreditation for your independent pharmacy. But which one should you apply for? There are a ton of accreditations out there, and even more acronyms to go along with them. ACHC, URAC, TJC, CPPA, VIPPS… Can you tell the difference between these? Don’t…

How many times has a patient presented to you a prescription for a “specialty” medication or limited distribution drug that you are unable to fill? It could be that you are not able to order the medication from your wholesaler. Or worse, the patient’s insurance is mandating a specific pharmacy different than yours. It can…

Independently owned pharmacies are struggling to keep their doors open and if you ask them why, the owner may cite Pharmacy Benefit Managers (PBMs) as the biggest offenders. In excess of 16% of independent or rural pharmacies have closed their doors for good over the past fifteen years according to an article published in the…

Updated: Apr 9, 2021 With the continued boom of the specialty drug market, independent pharmacies can now have an option to enter the space by obtaining specialty accreditation – all while enjoying the benefits of this emerging market. After all, where revenue is concerned, specialty is the future of the pharmacy industry. In 2018, specialty drug…

The pandemic has changed the healthcare industry as a whole and independent pharmacies need to do their part in progressing towards this change. HVRS Solutions has recently engaged a foreign drug manufacturer to assist in licensing and FDA requirements to bring life-saving drugs into the United States during this pandemic. Our company has taken all…

Yes, at first glance, pharmacy accreditation may look pretty pricey. One company charges thirty-something thousand for one location. And the added revenue potential might not be obvious or apparent. But let’s look at some added benefits of accreditation that you might not have thought of: This document outlines some of the cost savings that a…

The demand for telehealth has been growing in recent months. It consists of digital video communication between a healthcare worker and a patient. One sector of this is telepharmacy. The consultation of a pharmacists always puts patients at ease when it comes to their medication. This form of communication is helping many, especially during the…

Updated: Apr 9, 2021 Welcome to 2020 – a time where data rules the world. Thanks to cutting-edge data analytics, the healthcare sector is constantly improved. Nowadays, patient care in the health system relies on data. Data analytics in an independent pharmacy can be used to improve the health and customer service provided to patients. In…

In a world full of declining reimbursements, DIR clawbacks, and big chains on every corner: How can your independent pharmacy rise above the challenges? Here’s the deal: you can become a local authority for pharmacy services with the right tools and a dedicated team at your disposal. Work alongside qualified professionals to build a sustainable…

First enacted by the Congress in 1992, the 340B drug pricing program allows clinics and hospitals serving a large number of low-income, uninsured patients to purchase medicines from pharmaceutical companies at steep discounts. Drug manufacturers that want their drugs covered by Medicaid are required to participate in the 340B program and the Medicaid Drug Rebate…