- June 16, 2021
- Posted by: Stratford Team
- Category: Business
Community pharmacists in Minnesota have always been dedicated to caring for patients. It is fundamental to our business. Whether operating in densely populated cities or rural towns, we develop individualized care plans for our patients in coordination with health professionals. Not only that, we are seen as accessible and approachable, and we are close by for patients in nearly every community nationwide.
But, as small, local businesses, we are facing mounting pressures that are forcing many community pharmacies to close — for good. With increased competition from large pharmacies and complexities within the pharmacy market, we are losing steam.
Moreover, pharmacy benefit managers, or PBMs, the middlemen in charge of controlling prescription-drug prices, are squeezing our profits, failing to reimburse us properly, and increasing fees.
PBMs…
