This year may prove to be the most challenging for the business of pharmacy since Bill 102 in Ontario in 2006. The pan-Canadian Pharmaceutical Alliance has lowered pricing for more 20 molecules to 10% of brand, with another 40 molecules moving to 18%. Add the ODB clawback, OHIP+ and a higher minimum wage to the mix, and you ask, “Where does pharmacy go from here?” While professional services under an expanded scope of practice offer an avenue to make up some of this lost revenue, widespread adoption has proven elusive.
Our keynote speaker, Jeff Leger, will speak to the future of community pharmacy in an increasingly complex environment, while also addressing the importance of making the value connection with public and private payers, and directly with patients and consumers.
We will also update you on our recent Innovation Fund grant recipients, dedicated to advancing pharmacy practice in the following areas: