Heading into the spring and summer, retail pharmacy leaders will convene at several major industry meetings and conferences, including the NACDS Annual Meeting and NCPDP Annual Conference. While pharmacy benefit manager (PBM) reform will likely be the hottest topic, a close second will be the emergence of AI and how it can be applied to retail and community pharmacies to profitably drive better patient care.
Pharmacists have been adapting to ongoing challenges, battling lower reimbursement and increased operating costs, along with professional burnout, for decades. Many are wondering if AI-driven solutions can help alleviate the pressure.
We asked Garry Marshall, Wolters Kluwer Health’s Senior Director of Pharmacy Strategy, to give us his view on what’s next for retail pharmacy and how AI will factor into the industry’s near future.
Challenges and opportunities facing retail pharmacy
WK: What do you anticipate will be some of the most discussed topics at upcoming retail pharmacy industry meetings?
GM: PBM reform will be a hot topic, as it should have a positive financial impact on retail pharmacies, primarily driven by a different, more transparent reimbursement model. However, PBM reform alone won’t position pharmacies to accomplish the lofty goals they’ve set forth for the role of retail pharmacy in the healthcare ecosystem. Here enters AI, the topic most top-of-mind, and many pharmacy leaders are excited by the opportunities it presents. But they are also cautious as they learn more about the importance of the source content for these AI-driven tools and services.
WK: Despite being a traditionally cautious adopter of new tech, healthcare is really jumping on board with AI. How do you see AI impacting a retail pharmacy setting?
GM: Because of what’s at stake when serving a patient, you're going to see pharmacies start where it's lower risk. I anticipate this starting point will be within the medication-filling workflow, where there are quite a few nonclinical steps that AI could help streamline. The simplest example would be data entry – but it won’t be long before that progresses to include more sophisticated tasks such as contextual DUR (drug utilization review) screening, pill image verification, and guidance on patient counseling points.