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- NACDS TSE: Hot Rx technology (Automation and Technology, Show Watch, New Products, DSN AM, Latest News, Pharmacy)Wed, 08/26/2015 - 3:37pm
See some of the biggest innovations in pharmacy technology from the 2015 National Association of Chain Drug Stores’ Total Store Expo.
After years of research and billions of dollars in funding, the Human Genome Project has unlocked the complex mysteries of the human genome and unleashed a new era in personalized medicine and pharmaceutical research and development. And pharmacy retailers must get out in front of that gene-based drug revolution or risk being left behind.
Companies that embrace change will help lead a new revolution in both health delivery and retailing, asserted NACDS president and CEO Steve Anderson and Randy Edeker, chairman of NACDS and chairman, president and CEO of Hy-Vee, at NACDS TSE’s Business Program.
“A profound, and likely irreversible, impact on the business of health care.” That’s the effect the Patient Protection and Affordable Care Act already has had in the five years since its passage and enactment into law, PricewaterhouseCoopers said.
Variations in how states have implemented the insurance eligibility provisions of the Affordable Care Act have “led to highly diverse, geographically dependent health reform experiences,” noted PwC’s Health Research Institute, and made the states “key players in health reform.”
Health insurers are responding by “changing their fundamental business model,” PwC’s Health Research Institute noted in its report on U.S. health industry trends in the wake of the Affordable Care Act.