Amazon Pharmacy’s Post

We know the world doesn't need another #Pharmacy, what it needs is a better pharmacy that can partner with patients and provide the care they need at the time they need it. By making the process of filling prescriptions as easy and convenient as other online transactions, while also offering affordable prices, #Amazon Pharmacy aims to bring Amazon's #customerobsession to an industry that can be inconvenient and confusing.  This represents a significant value proposition for customers looking for a more seamless and cost-effective way to access their medications. #ecommerce #ecommercebusiness

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Navigating online pharmacy merchant services? Our comprehensive blog guide provides valuable insights into this specialised industry. Head to our blog page to read today. https://lnkd.in/esxWG9dB

Amazon Sets New Pace in #Pharmacy Delivery Amazon is stepping up its game in the health sector, now offering same-day prescription deliveries in New York City and Los Angeles. Leveraging its reputation as the ultimate expert in supply chain coordination, efficiency, and economies of scale, Amazon Pharmacy aims to redefine convenience. Initially rolled out in 2020, Amazon Pharmacy is now leveraging new, smaller facilities equipped to rapidly process prescriptions, aiming to provide fast and convenient service. This move is part of Amazon's broader strategy to deliver a wide range of products to customers' doorsteps with unparalleled speed. With plans to extend this service to over a dozen cities by year-end, Amazon's foray into same-day prescription deliveries underscores the evolving dynamics of the pharmacy landscape, where speed and convenience increasingly define the customer experience. As community pharmacies face the dual challenges of aggressive PBM contracting and the rise of mail-order services, Amazon's latest initiative highlights the ongoing shifts in how prescription medications are accessed and delivered, signaling potential impacts on pharmacy operations and patient choices. Swenson Pharmacy Advisors (SPA) #AmazonPharmacy #SameDayDelivery #PharmacyInnovation #HealthcareDelivery #SupplyChainExcellence #PharmacyTrends #AmazonHealth

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Independent pharmacies in locations where local chain stores are closing have a tremendous opportunity to gain market share. However, with thin dispensing reimbursement margins, stores that also add higher margin revenue streams such as clinical services will be the biggest winners. Net new patients are a great thing and will increase revenues, but compounding patient growth AND increasing your average customer lifetime value can create exponential growth.

Are you a covered entity considering “insourcing” your pharmacy operations? Check out our recent blog to learn more about how insourcing can help maximize savings, which in turn helps you meet the intent of the 340B program and stretch scarce dollars, and how to get started! And come visit us at the 340B conference! https://bit.ly/47Lzws8

Eli Lilly is partnering with Amazon's pharmacy unit to offer home delivery for Zepbound at a steep discount. As part of Eli Lilly’s program, patients whose Rx plans don’t cover Zepbound, can get it for $550/month through Eli Lilly Direct program with Amazon as the anchor pharmacy. This is actually cheaper than the PBM negotiated rates of $700-$900 per month (after rebates) and provides an opportunity for plan sponsors who are willing to consider creative approaches to get Zepbound at a better price. While I don’t use Zepbound, I have started using Amazon Pharmacy for my maintenance meds and have found the experience to be better compared to chain pharmacies. What are your thoughts on Eli Lilly’s partnership with Amazon? Full link in the 📌comment below. #employeebenefits #employeeexperience #humanresources

If you are looking to buy a pharmacy - then you need to be able to analyse pharmacy schedules of payments. And we have it covered in our December special webinar - How to start your own pharmacy business. Sign up to the webinar. See details in comments

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