Pharmacy is an ever-growing and evolving business and profession. Research and development in medicines and drugs, technologies like AI and cloud, and value-based care operations are changing the landscape of pharmacy and making it more and more effective. The future of pharmacy is becoming more certain and clear and there is one thing that is vital in it and that is patient experience. The transition in pharmacy after the COVID-19 pandemic is going to bring many changes for retail pharmacies big and small and the pharmacists who practice in them.
Better outcomes from medicines, low pricing, easy access, continuous availability, innovative business models are going to be an integral part of the pharmacy practice. Pharmacists are going to have to compromise, learn and practice new ways of thinking, operating and managing their pharmacies along with the changes to keep them in the center of the health community.
These changes will be noticed in the future of pharmacy:
Drug Pricing : Drug pricing strategies and decisions must be carefully regarded in order to strike a balance between patient access and research / innovation support while negating unintended market effects and monopoly creation.
Providing everything : A pharmacy that can build an omni-channel experience can achieve better outcomes for the customer and better for itself. The pharmacy will need to have several ways for patients to access resources and information that will help them maintain their well-being. This is what they need, where they need it and how they need it.
Support of the technology : : The pharmacy would require a combination of medical and information technology to grow into the destination for a safe sickness center and solution. To screen and check you will need point-of-care technology. Telehealth, telemedicine, and telepharmacy would be made possible by digital communication technologies. Mobile apps, wearables, and websites can create patient interaction.
Branch of personalized medicine : With pharmacy and pharmacogenomics being a complex and ever-expanding field, maybe a large demand will be made in the future for pharmacists specializing in comprehensive pharmacogenomic information. Continuing education services may also help to introduce / reinforce discoveries in pharmacogenomics, pharmacogenomic advances, and places in practice to apply a pharmacist’s knowledge of pharmacogenomics to direct patient centered care.
Threefold business : The economic benefit to the pharmacy industry will triple in the future. While medications tend to be procured and dispensed by industry. Yet it will also provide patients with clinical care and patient information on health and wellbeing. Patients and payers shall pay separately for and other than the goods supplied. The revenue will follow these changes.
