The pharmacy of the future is not a monolith, but a convener of plug-and-play partners—traditional and new entrants—serving consumers as their “health hub." Anemic reimbursements and industry consolidation are forcing retail pharmacy companies to look for new sources of revenue. Deloitte BrandVoice | Paid Program. The US pharmacy industry is in a state of flux, as evidenced by recent news related to potential acquisitions, 1 pharmacy store closures, 2 shifts in strategic partnerships among major health insurers and pharmacy benefit managers (PBMs), 3,4 and the potential entry of Amazon. By Karen Taylor, Samrina Bhatti and Krissie Ferris, Deloitte Centre for Health Solutions. It began trading on the NASDAQ on December 31 st, 2014. Last week, we published the first two of our ten predictions in our report, ‘The future unmasked: Predicting the future of healthcare and life sciences in 2025’. Press enter to search. 3 Each of these has significant implications for specialty pharmacy. The retail pharmacy business is in an era of transformation. Everything from the growth of preferred networks to a shortage of primary care providers i is changing how your pharmacy cares for patients—and how much revenue you can bring in. Looking decades into the future, the real question is which service lines will remain in the inpatient setting, says Matthew Sappern, CEO of obstetrics technology provider PeriGen. Common digital health interventions include those that encourage healthy behaviors, provide management tools for long-term and chronic conditions, or facilitate access to services that improve patient outcomes. From the consumer’s perspective, hospitals, physicians, health plans, pharmaceutical companies, and medical-device manufacturers might seem like a group of musicians who have never played together. Editor’s note: This article was originally published in the May 14, 2019 issue of Deloitte’s Health Care Current. What are the top medical pharmacy trends you need to know to stay current with your organization’s management strategies? About Future of Health: Future of Health is a Deloitte-authored narrative that outlines how the health care ecosystem (both sick care and "well" care) will evolve over the coming 20 years and how value creation will shift from the current industry sectors (pharma, MedTech, providers, health plans, etc.) The five-year trend is 68% — the highest jump in 9 years of reporting. Per-member-per-month (PMPM) spend on provider-administered drugs increased by 18% for commercial members in one year, reaching nearly $30 PMPM. To be successful in today’s market, you … 6 trends driving pharmacy’s future 01/11/2019 Get great content like this right in your inbox. 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