IRS FSA rule trips up many retail pharmacies
December 11th 2009Retail pharmacy managers are discovering that many third-party administrators do not agree that their inventory information approval systems meet compliance requirements set by the Internal Revenue Service for customers' use of flexible spending accounts.
Retail pharmacy and the diabetes epidemic
December 11th 2009More than 23 million Americans, close to 8 percent of the population, have diabetes. For drugstores, the medical nature of their retail business makes them the outlet of choice for shoppers purchasing diabetes products. Retail pharmacists may choose to maximize patient awareness by placing their diabetes-care display and educational literature near the pharmacy counter.
OTC antacids win consumer loyalty
November 3rd 2009More than 60 million Americans experience heartburn at least once a month, and at least 25 million suffer on a daily basis. A Nielson study reported early in 2009 announced that 94 percent of patients are satisfied with their OTC remedies. The study estimated that OTC medications annually save patients an average total of $174 each in office visits and medication costs. Because of fewer patient visits top physicians, the study attributes $757 million in annual savings to the U.S. healthcare system.
Beware of fake remedies sold as "dietary supplements"
September 4th 2009Manufacturers, promoters, and sellers of dietary supplements are prohibited by law from making claims to treat or cure illness or disease, or their symptoms. Pharmacists should encourage patients to check with medical professionals before commencing use of any dietary supplement.
Herbal supplements are hot sellers
September 4th 2009With the settlement of the class-action lawsuit brought against First DataBank and McKesson by third-party payors accusing the companies of conspiring to inflate average wholesale prices (AWP) of hundreds of drugs, AWP values will roll back from 1.25 to 1.20 times the drugs' wholesale acquisition cost (WAC).
Head lice products make louse-busting easier
August 10th 2009The kids are going back to school, and opportunities for exposure to head lice abound. In the U.S., an estimated 6 million to 12 million infestations occur each year among children 3 to 11 years old. This year, some new products offer relief.