HealthAugust 23, 2024

The future of retail pharmacy is community-centric

Retail pharmacies can expand their role in healthcare by engaging with the local community to support care journeys, medication adherence, and value-based outcomes.

As we’ve long discussed, the healthcare ecosystem is changing rapidly, and the future of retail pharmacy is to go beyond prescribing and dispensing medication. It’s a movement towards a care service model that increasingly integrates into the healthcare ecosystem and plays a pivotal role in community-based care and outcomes.

These themes and more were prevalent at the annual NACDS Total Store Expo (TSE), a highly anticipated event for the retail pharmacy industry that serves as a barometer for sector trends. The 2024 event brought insights on topics like building sustainable care models, value-based care, integrating Generative AI into retailing and supplying, and approaches to chronic condition management.

Pharmacy leaders are looking for new and innovative ways to operationalize for this evolution, improve margins, and impact the customer experience. While reimbursement dynamics and legislation remain barriers to fully realizing this future, it’s clear pharmacies need to be focused on a few key strategic areas to expand their care impact for long-term success.

58% of Americans are likely to visit a local pharmacy as a first step with a non-emergency issue.
- 2023 Wolters Kluwer Consumer Survey

Expanding community-based healthcare

The retail pharmacy was expanding its care role within the local community well before playing a crucial part during the COVID-19 pandemic. And this influence is continuing: A 2023 Wolters Kluwer consumer survey indicated 58% of Americans are likely to visit a local pharmacy as a first step with a non-emergency issue, and 81% say they trust a pharmacist, nurse, or nurse practitioner to diagnose minor illnesses and prescribe medications.

Since retail pharmacies have footprints within communities, they have the opportunity to become a “one-stop-shop” for health and wellness services, such as providing immunizations and screenings, and supporting chronic disease management. New initiatives like Test to Treat can provide opportunities for pharmacies to support the community with non-emergency issues, like influenza and Strep A, alleviating local emergency rooms and primary care providers to manage chronic or emergency challenges. As the wider industry faces challenges with healthcare deserts and primary care provider (PCP) burnout, retail pharmacies can provide spaces for key care services that impact local patient populations.

Leveling up value-based care

Expanding the community focus can also support value-based care initiatives. The Centers for Medicare & Medicaid Services (CMS) expects all Medicare beneficiaries will be in value-based care programs and models by 2030, and retail pharmacies are set up to play a critical role in this transformation away from volume-based to care-centric outcomes. When they’re viewed as a critical role within the care ecosystem, they can use their community presence to screen for non-emergency care, reduce readmissions, and educate on medication management.

Local retail pharmacies have an engagement opportunity that can directly improve the outcomes of their patient population. Initiatives like Food is Medicine provide an opportunity to impact long-term health costs, including the 90% of healthcare that is spent on medical care for chronic diseases. With a regular presence in the community, they can support front-line initiatives and help identify social determinants that may be impacting patients’ long-term health.

Chronic care management of diabetes

With diabetes cases increasing, local retail pharmacies can play a role in supporting condition management and medication adherence. As of 2021, the Center for Disease Control estimated that 11.6% of the US population had diabetes and another 97.6 million adults had prediabetes. Initiatives like Test to Treat could support A1C testing, and pharmacists can help communicate the importance of a low-carb diet and provide consumer education content directly from workflows. Pharmacists can help equip patients with nutritional information, provide resources to support changes in diet and exercise, and consult on long-term health improvements and chronic care management.

Additionally, organizations like the American Pharmacists Association offer certificate training programs to help equip pharmacists with skills to provide diabetes care, evaluate and adjust drug therapy regimens, and consult patients about lifestyle interventions.

Promoting safe mental healthcare

As retail pharmacies continue integrating care services into the community, another opportunity can be bridging the mental health gap through screenings and medication education. In the US, primary care providers are now delivering 60% of mental healthcare services and writing 79% of prescriptions for antidepressants. Retail pharmacies can play a frontline role in mental healthcare in ensuring medications are being adhered to, advise on complex medication regiments, and identify possible social determinants impacting mental health. A future state, but likely further out, could be providing accessible and approachable services and counseling with licensed mental healthcare professionals.

Introducing new innovations for retail pharmacy

Implementing these trends will require shifting approaches to how pharmacists and teams are currently operating, especially as pharmacists are facing burnout and workload stressors. The right evidence-based technology can play a role in smoothing these transformations and alleviating some administrative management. At the 2024 TSE event, the Wolters Kluwer team was pleased to announce two new solutions for retail pharmacy teams from the UpToDate® Digital Architect platform:

  • Digital Medication Education – With over 3,900 digitally-accessible medication leaflets, pharmacy teams can reduce paper costs, save time filling prescriptions, and ensure patients have the most current medication information across 19 languages.
  • Consumer Education – Using medication leaflets as a digital front door, patients can access interactive, comprehensive education programs and multimedia content mapped to their specific condition designed to drive patient engagement and adherence.

These solutions are designed with the future of the retail pharmacy in mind–equipping pharmacists with evidence-based tools for educating and engaging their local patient population to improve chronic care management, medication adherence, health literacy, and outcomes.

Learn more about these solutions for retail pharmacy, and download our eBook on building a Future-Ready Pharmacy.

Complete the form below to download the eBook

Garry Marshall
Sr. Director, Pharmacy Strategy, Clinical Effectiveness, Wolters Kluwer Health
Garry Marshall, MBA, is the Senior Director of Pharmacy Strategy at Wolters Kluwer Health, where he leads the pharmacy business strategy for the UpToDate and Medi-Span solutions.
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