The Future of Pharmacy is Here
NewLeafRx – Next Level of Pharmacy Management Systems
The Healthcare Ecosystem is a complex network of interconnected communities that must function together in order to thrive. Within these communities are actors performing their parts in order to keep the ecosystem sustainable. Every community has layers of critical data that must be shared with the ecosystem as a whole. Without the weaving of this data between the communities, a breakdown occurs; interruptions in this communication infects the ecosystem’s outcomes.
All communities within the healthcare ecosystem exist to participate in the health and well-being of patients. Those patients depend on pharmacies for a plethora of healing options including the potential for individualized and responsive healthcare benefits. This intricate and ever-expanding house of medicine requires management solutions like never before.
It’s been quite a long journey from whence we’ve come. From the beginning of time we have used nature to heal our wounds and treat our maladies. The Sumerians, around 2000BC documented healing practices on clay tablets. The Greeks injected science into mythological thinking, bringing logic to the forefront of explaining diseases. Moving forward, the first pharmacy shop in the world was in Baghdad in about 792 AD, along with more in depth formularies and various drug forms such as syrups. During the Renaissance, pharmacy regulation began as new drugs were imported from the orient and new chemicals were introduced. In the Empire Era, roots, bark, herbs, and
Data and the Future of the Healthcare Ecosystem
by Elie Khalife, president, KeyCentrix
Data has always been a part of the healthcare ecosystem. Although it’s been collected inconsistently in the past, technology has helped advance the gathering, storing and needs for this data today. For decades healthcare professionals had worked independently to collect and aggregate data, but the calling for advancements in the healthcare industry required better interaction for all of healthcare’s actors including, but not limited to, drug manufacturers, prescribers, pharmacies and patients. Continuous improvements in technology facilitated and promoted this collaboration while providing even better outcomes for the industry and patients alike. These advancements and outcomes in healthcare now grow exponentially, and patient data is the new driving force.
The Need for Data
In 1972, with the distribution of methadone, the first drug was required to have data tracking and controlled distribution from the Food and Drug Administration (FDA). Now fast forward to 2005, an interesting year for drugs and pharmacies in general, the FDA started to demand more data points from drug manufacturers regarding new drug therapies in clinical trials and maintaining patents for existing blockbuster drugs. In turn, drug manufacturers required more process controls and limited the distribution to a select number of pharmacy locations that were capable of handling the collection of the expected data needed. This started a new trend of limited distribution drugs (LLD’s)