CFP's annual Changing Face of Pharmacy report chronicles community pharmacy's transition from a business model based primarily on drug distribution to one that fully, and viably, embraces the provision of professional services. The 2016 report explores the value pharmacists bring not only in terms of improved health outcomes, but also in terms of savings to the healthcare system. And as in past years, the report profiles pharmacists who have successfully embraced professional services under an expanded scope of practice.
The Canadian Foundation for Pharmacy produces a summary of key points raised during presentations and Q&A sessions at its annual Pharmacy Forum educational event. The Forum's theme for 2017, "Increasing our Value to Canadians," took a closer, critical look at how pharmacists can and must prove their value to public and private payers of healthcare services. It paid special attention to value-based pharmacy payment models, recently introduced into Canada, and attendees learned from the experiences of U.S. pharmacies, where value-based reimbursement has been in place for 10 years.
“Yes, you hear the negative stories about clawbacks. But then when you research performance scores, you learn that maybe 50% of their patients are adherent. Is that okay? Whereas you’re not going to hear complaints from the high performers. They are focused on the patient care perspective and perform well on the quality measurements.”
Elliott Sogol, Pharmacy Quality Solutions
As part of its annual Changing Face of Pharmacy report, the Canadian Foundation for Pharmacy prepares a chart that details government-sponsored (but not necessarily funded) pharmacists' services, by province. The chart itemizes the fees paid for each service, where applicable, and includes the latest claims data from provincial ministries of health.
Canada's first textbook dedicated to pharmacy management since 1998 provides timely content written and reviewed by more than 100 experts from across the country. “With the ever-changing scope of practice for pharmacists and the need for maintaining clinical expertise, often management issues are not given the same dedicated focus,” says Editor-in-Chief Wayne Hindmarsh, Dean Emeritus of the Leslie Dan Faculty of Pharmacy, University of Toronto. “I congratulate the Canadian Foundation for Pharmacy for leading this initiative.”
In its 12 sections, Pharmacy Management in Canada delves into a wide range of topics, from developing a strategic business plan and financial management of your practice, to marketing and quality control. An entire section is dedicated to developing, implementing and managing clinical pharmacy services.
Also available: an online CE program based on Pharmacy Management in Canada. Entitled Managing Your Pharmacy: The Business Essentials, the 27-credit program is available through the Canadian Pharmacists Association and the Ontario Pharmacists Association.
From 1997 to 2011, CFP partnered with a pharmaceutical company (most recently TEVA) to produce a one-of-a-kind report that explored a wide range of stakeholders' perceptions of pharmacy. The reports draw upon primary market research and the expert opinions of a national advisory board from industry, academia and pharmacy.
The completed reports are: