This episode features LeeAnn Miller, Vice President, Chief Pharmacy Officer at Yale New Haven Health. Here, she discusses how pharmacy has evolved in the last 20 years, what is going on currently with 340B, the importance of networking in pharmacy, and more.
Summary
LeeAnn Miller Shares Insights on the Evolving Pharmacy Industry
LeeAnn Miller, Vice President and Chief Pharmacy Officer at Yale New Haven Health, recently discussed the changes and trends in the pharmacy industry. Miller has witnessed the industry transform in the last two decades, with automation and digital technology revolutionizing the field.
The Biggest Cost Pressures in Pharmacy
According to Miller, the biggest cost pressures in pharmacy come from specialty drugs. These drugs have a high price tag, and their cost is growing faster than other drugs. As a Chief Pharmacy Officer, Miller advises health systems to examine their pharmacy benefit plan and see if they can contain costs without sacrificing the availability or quality of care.
Trends in the Pharmacy Industry
Miller also discussed trends in the pharmacy industry, including the evolution of technology and the need to negotiate costs. She also talked about three party B and white bagging legislation that may require patients to get their physician-administered medication from a specific pharmacy.
The Importance of Networking in Pharmacy
Aspiring pharmacy leaders should consider networking within and outside of the pharmacy industry to expand their opportunities, advises Miller. Networking can help professionals stay updated with trends and innovations in the industry, as well as build meaningful relationships with colleagues and peers.
Final Words
LeeAnn Miller's insights on the evolving pharmacy industry provide valuable information not just for pharmacy professionals but also for anyone who interacts with the healthcare system. With the industry constantly changing, it's crucial to stay updated with the latest trends and innovations in pharmacy to provide optimal care for patients.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 09/03/2022 and can be listened here.
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