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Five Things to Know About the State of Independent Pharmacy Economics

Drug Channels

Time to update Drug Channels' exclusive look at independent pharmacy owners’ business economics. Our analysis again reveals that despite what you may have heard, many independent pharmacies continue to hang on in a highly challenging retail environment.

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Independent Pharmacies Learn to Live With (and Without) Preferred Networks for 2021

Drug Channels

Last week , I highlighted the largest pharmacy chains that will participate in the 2021 Medicare Part D prescription drug plans (PDP). The Centers for Medicare & Medicaid Services (CMS) continues to take a hands-off approach to pharmacy networks. Details and a handy scorecard below. d/b/a Drug Channels Institute.

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Medicare Part D in 2024: Smaller Pharmacies Abandon Preferred Pharmacy Networks

Drug Channels

Plans from Aetna, Humana, WellCare, and UnitedHealthcare will not have any independent pharmacies participating via PSAOs as preferred pharmacies. Smaller pharmacies' ability to navigate away provides more bad news for stand-alone Part D market—and another unexpected consequence of the Inflation Reduction Act of 2022.

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DCI’s Top 15 Specialty Pharmacies of 2022: Five Key Trends About Today’s Marketplace

Drug Channels

As predicted last year, Walgreens’ specialty pharmacy business has collapsed, which led to a slightly less concentrated industry. Read on for additional observations about hospitals, independent pharmacies, the dynamics that created this market structure, and why life in plastic is fantastic. d/b/a Drug Channels Institute.

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Preferred Pharmacy Networks in 2023’s Medicare Part D Plans: Cigna, CVS Health, Humana, UnitedHealthcare, WellCare, and More

Drug Channels

In upcoming articles, I’ll investigate what we can deduce from chain and independent pharmacies’ participation in the major 2023 preferred networks. I also update our analysis of the prevalence of preferred networks in three different types of MA-PD plans. Read more » Copyright © 2006-2022 Pembroke Consulting, Inc.

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Small Pharmacies Walk Away from Medicare Part D’s 2023 Preferred Networks

Drug Channels

What's more, plans from Aetna, Humana, WellCare, and UnitedHealthcare will not have any independent pharmacies participating via PSAOs as preferred pharmacies. As you will see below, the largest PSAOs will move further away from preferred networks in 2023.

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Consolidation and Preferred Pharmacy Networks in 2022’s Medicare Part D Plans: Cigna, CVS Health, Humana, UnitedHealthcare, WellCare, and More

Drug Channels

In upcoming articles, I’ll examine how chain and independent pharmacies will participate in these plans. Two companies—Cigna and WellCare—have streamlined their PDP offerings by eliminating plans that had been acquired from other companies. Read more » Copyright © 2006-2021 Pembroke Consulting, Inc. d/b/a Drug Channels Institute.