Up to date information in the field of Independent Pharmacy written by the PRS Pharmacy Consulting Experts and Pharmacists for Pharmacy Owners. Experience Matters.
6 Reasons PRS Pharmacy Services is the Best Resource for Selling a Pharmacy.
If you’re considering selling your pharmacy, PRS Pharmacy Services is the best resource for providing expert guidance and support throughout the entire process. Here are several reasons why PRS Pharmacy Services is the best resource for selling your pharmacy: 1.Experience and Expertise PRS Pharmacy Services has been providing pharmacy consulting services for over 40 years, making them one of the most experienced firms in the industry. Their team of experts has a deep understanding of the pharmacy industry, including the
What is an Authorized Trading Partner in DSCSA?
By now, you should be familiar with the Drug Supply Chain Security Act (DSCSA). It has been with us since 2013 and has, for the most part, already been in effect for pharmacies since 2015. And now we have the “last” phase of the law, Electronic Drug Distribution Security (EDDS) (see our Electronic Drug Distribution Security System Blog for information about EDDS), becoming effective on 11/24/2023. So in the next few blogs, I want to discuss some of the key
5 Myths About Pharmacy DSCSA Compliance
The Drug Supply Chain Security Act (DSCSA) is a federal law that was enacted in 2013 to protect the public from counterfeit, contaminated, and other potentially dangerous drugs in the pharmaceutical supply chain. The DSCSA requires pharmaceutical companies to implement enhanced security measures and traceability systems to ensure the authenticity and safety of prescription drugs. As part of this effort, the law requires Pharmacies or dispensers, as Pharmacies are referred to under DSCSA, to comply with certain requirements. Unfortunately, there
Comprehensive Safe Medication Practices
Quick blog this time. Over the past several years, we have seen more and more requests from our pharmacy members looking for “Comprehensive Safe Medications Practices” or “Medication Safety Practices.” These requests are typically arising during the credentialing process with PBMs. In general, the PBMs are looking for how you ensure the medication you are dispensing is “safe” for the patient. Ultimately safe medication practices start before you even order the medication from the wholesaler/manufacturer and end at the point
PRS Pharmacy Services Announces Commitment to Growing Global Cybersecurity Success by Becoming a Cybersecurity Awareness Month 2022 Champion
Building on annual success Cybersecurity Awareness Month 2022 is set to highlight the growing importance of cybersecurity in our daily lives and look to empower everyday individuals and business to take cybersecurity steps by making cyber more accessible October 5, 2022 — PRS Pharmacy Services today announced that it has signed on as a Champion for Cybersecurity Awareness Month 2022. Founded in 2004, Cybersecurity Awareness Month, held each October, is the world’s foremost initiative aimed at promoting cybersecurity awareness and
Enhanced Drug Distribution Security System
In the last blog, we discussed the Drug Supply Chain Security Act. Today we want to discuss the change that is effective on 11/27/2023, the Enhanced Drug Distribution Security (EDDS). We will review what is in place today and how that will change as part of EDDS. Where we are today concerning the EDDS Today, you order your prescription drugs from an authorized trading partner (ATP). The ATP will send you transaction data before or at delivery. This data includes
Drug Supply Chain Security Act in Pharmacy: Today and Tomorrow
The Drug Supply Chain Security Act (DSCSA) has been with us for almost nine years as part of the FDA’s Plan to protect the U.S. drug supply chain. The culmination of the Drug Supply Chain Security Act will reach its final implementation goal in November 2023. On 11/27/2023, all trading partners (Manufacturers, Wholesalers, and Dispensers (including Pharmacies) will need to begin using an “Enhanced Drug Distribution Security System.” However, before we talk about that, let’s talk about what you need