PBM Crisis Alert: American Pharmacy Purchasing Alliance to Address Medicare Part D Transparency in its Wise Choice Pharmacy Summit

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Taking a stand against the PBM’s crisis during the Wise Choice Pharmacy Summit

The American Pharmacy Purchasing Alliance (APPA) is taking a stand against the PBM’s crisis during the Wise Choice Pharmacy Summit scheduled on September 24th, 2016.

According to a recent NCPA survey of 640 community pharmacists, DIR fees are wreaking havoc. Two-thirds of pharmacists (67 percent) receive no information about when DIR fees will be collected or their size. From the survey, DIR fees can total thousands of dollars each month and make it impossible to determine at the time of dispensing whether the net reimbursement will cover costs, such as purchasing drugs.

Today, most drug companies offer large rebates to pharmacy benefit managers (PBM) on behalf of different health plans and employers to reduce patients’ out-of-pocket costs. The problem is a significant portion of the savings is not being passed onto the public.

“The Wise Choice Pharmacy Summit is bringing together pharmacy owners, pharmacists, pharmacy students, pharmacy vendors among others, to unite under one voice and help each other over this crisis,” says APPA President, Joshua Pirestani.

“Some of the critical issues that will be addressed during the summit include: Pharmacy Benefit Management strategies and terminations, pharmacy compliance and audit investigations, and new pharmacy marketing tactics among other key topics,” adds Joshua.

The purpose of the pharmacy summit is to educate pharmacy owners about the different options available for pharmacy business owners including franchise and specialty information and opportunities.

APPA would also like to thank all our event sponsors for the Wise Choice Pharmacy Summit. Sponsors include: GRX Marketing, Gensco Laboratories, Scripps Safe, CSI Specialty Group, Benzer Pharmacy Franchise, Live Oak Bank, VoiceTech, Pharmacists United for Truth and Transparency, Timer Cap, FisherBroyles, InfiniTrak and Network MD.

The event will be held on September 24th, 2016 at the Holiday Inn Orlando- Disney Springs, 1805 Hotel Plaza Blvd, Lake Buena Vista, FL 32830.

To register go to: http://joinappa.com/events/wise-choice-pharmacy-summit/
For more information, contact info(at)joinappa.com if you have any questions!

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About American Pharmacy Purchasing Alliance
The American Pharmacy Purchasing Alliance is a leading pharmacy purchasing association dedicated to serving the needs of its members through education, networking, and the delivery of a unified voice for all participants in the pharmacy purchasing industry. Through ongoing collaboration, our alliance creates an environment that encourages the exchange of ideas and information, increases productivity through new technology, and furthers legislation designed to benefit our industry. For more information, visit http://www.joinappa.com

Joshua Pirestani, President
American Pharmacy Purchasing Alliance
877-570-2665
josh(at)joinappa.com

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Emah Madegwa
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