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The days of pharmacy’s financial survival hinging almost entirely on dispensing volume are numbered. For forward-thinking pharmacies willing to embrace value-based care, this shift represents one of the biggest opportunities the profession has seen in decades, impacting both clinical services and financial sustainability.
“My best answer is [value-based programs are] coming regardless,” said Kevin Day, PharmD, managing network facilitator at CPESN Ohio and president of Day’s Pharmacy in Glendale, Ohio. “How we are preparing for it and thinking about it and understanding our position on these broader teams and positioning ourselves to be able to participate is really where the future’s going to be for that space.”
In part 2 of our interview with Day, we sat down to discuss the Pharmacy Quality Rewards Program in deeper depth. As a key steward of the program’s partnership between CPESN USA and Human Healthy Horizons in Ohio, Day provided us with key insights into the evolution of value-based care.
Read though this discussion to see how value-based care and sustainable pharmacy initiatives have the potential to transform both the way patients receive care as well as how pharmacies stay afloat financially.