2025 and Beyond: Key Trends to Watch in Pharmacy
As we all work to wrap up the year and enter into 2025, here are a few trends to keep your eye on in the coming months and beyond.
Shifting Focus from Medication Costs to Medication Value
To realize true, sustainable savings in total cost of care, the healthcare system needs to reconsider the support — or lack of support — it provides throughout patients’ medication experiences and the snowball effect that creates on a lifetime of healthcare costs.
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It’s Past Time to Prevent Polypharmacy in U.S. Healthcare
The dangers of polypharmacy and its increasingly wide reach across the American population make it imperative that we enhance the accuracy and efficiency of medication reconciliation processes.
ChatGPT Does a Bad Job of Answering People’s Medication Questions, Study Finds
Researchers recently tested ChatGPT’s ability to answer patient questions about medication, finding that the AI model gave wrong or incomplete answers about 75% of the time. Providers should be wary of the fact that the model does not always give sound medical advice, given many of their patients could be turning to ChatGPT to answer health-related questions.
RFID with Barcode Medication Systems: Boosting Hospital Efficiency and Cost Savings
This article explores the benefits of implementing RFID in healthcare settings and how hospitals can gradually transition from barcode to RFID-enabled medication systems, leading to substantial cost savings and improved patient care.
Lyfegen raises $8M for its value-based drug contracting platform
Lyfegen, a startup that provides software for value-based drug contracting, recently raised $8 million in an oversubscribed Series A financing round. With the new funds, the company — which is based in Switzerland and New York — plans to expand its presence in the U.S., where drug costs are the highest in the world.
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Choosing the right software translates directly into better client management, operational efficiency and growth for your spa franchise. Discover which tool is best for your business.
Blue Cross settles class action suit naming ‘pharma bro’ Martin Shkreli for $28M
Shkreli controversially raised the price of the drug Daraprim, which is used to treat a potentially fatal parasitic infection, by 4,000%, from $13.50 to $750 per pill in 2015. In January, a federal judge banned him from the pharmaceutical industry for life.
New Alexa feature lets users ask about medications
A new partnership between Amazon and First Databank will let users ask Alexa for basic information about the most commonly prescribed drugs.
McKesson UK acquires British medication management startup Echo
Through its app, London-based Echo, which was founded in 2015, offers prescription fulfillment and reminders to take medications.
Pillo Health raises $11M to continue development of voice-enabled platform for the home
Various investors, including Stanley Black & Decker's corporate venture capital arm, Samsung Ventures, Civilization Ventures and others took part in the round.
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Everything You Need to Know About Sterilization Cases and Their Role in Healthcare
Innovative sterilization cases and trays are instrumental in reducing infection risk in medical settings. Learn notable things about them and their makers.
OnMed launches with telemedicine kiosks that can also dispense prescription medications
The Clearwater, Florida-based company said its HIPAA compliant telemedicine stations can be deployed in airports, hotels, colleges, hospitals and at large private employers.
Alto Pharmacy nabs $50M for geographic expansion, delivering new products
Zola Global and Greenoaks Capital led the Series C round, and Jackson Square Ventures, Olive Tree Capital, and others participated.
Smart pill bottle creator AdhereTech secures strategic investment from Argentum
The company will use the money to increase its pharmaceutical and pharmacy partnerships, expand into more healthcare verticals and enhance its data analysis and engineering applications.
New Kit Check technology seeks to pinpoint drug theft and misuse
The company's Individual Risk Identification Score, or IRIS, uses machine learning to help hospitals pinpoint employees who pose a high risk for drug diversion.
How this startup’s medication safety tool aided Israel’s Sheba Medical Center
The medical center implemented MedAware's platform, which harnesses data analytics and machine learning to pinpoint prescription errors before they happen.