By Karen Taylor, Samrina Bhatti and Krissie Ferris, Deloitte Centre for Health Solutions. The five-year trend is 68% — the highest jump in 9 years of reporting. Last week, we published the first two of our ten predictions in our report, ‘The future unmasked: Predicting the future of healthcare and life sciences in 2025’. It began trading on the NASDAQ on December 31 st, 2014. The retail pharmacy business is in an era of transformation. 6 trends driving pharmacy’s future 01/11/2019 Get great content like this right in your inbox. Anemic reimbursements and industry consolidation are forcing retail pharmacy companies to look for new sources of revenue. The company is divided into 3 divisions – Retail Pharmacy USA (Walgreens and Duane Reade), Retail Pharmacy International (Boots and other retail operations internationally), and Pharmaceutical Wholesale. What are the top medical pharmacy trends you need to know to stay current with your organization’s management strategies? From the consumer’s perspective, hospitals, physicians, health plans, pharmaceutical companies, and medical-device manufacturers might seem like a group of musicians who have never played together. Per-member-per-month (PMPM) spend on provider-administered drugs increased by 18% for commercial members in one year, reaching nearly $30 PMPM. T he US health care system is a collection of disconnected independent components. ... about 60% of pharmacy staff reported dealing with up to 20 medications on shortage at a time, ... configurable technology is critical to the future of pharmacy. Editor’s note: This article was originally published in the May 14, 2019 issue of Deloitte’s Health Care Current. About Future of Health: Future of Health is a Deloitte-authored narrative that outlines how the health care ecosystem (both sick care and "well" care) will evolve over the coming 20 years and how value creation will shift from the current industry sectors (pharma, MedTech, providers, health plans, etc.) Deloitte BrandVoice | Paid Program. Subscribe. Common digital health interventions include those that encourage healthy behaviors, provide management tools for long-term and chronic conditions, or facilitate access to services that improve patient outcomes. 3 Each of these has significant implications for specialty pharmacy. Looking decades into the future, the real question is which service lines will remain in the inpatient setting, says Matthew Sappern, CEO of obstetrics technology provider PeriGen. Everything from the growth of preferred networks to a shortage of primary care providers i is changing how your pharmacy cares for patients—and how much revenue you can bring in. 6 trends driving pharmacy’s future. To be successful in today’s market, you … Within the next 20 years, health care delivery systems will be vastly different. The pharmacy of the future is not a monolith, but a convener of plug-and-play partners—traditional and new entrants—serving consumers as their “health hub." into very different sectors oriented around data, consumers and enablement. The US pharmacy industry is in a state of flux, as evidenced by recent news related to potential acquisitions, 1 pharmacy store closures, 2 shifts in strategic partnerships among major health insurers and pharmacy benefit managers (PBMs), 3,4 and the potential entry of Amazon. Press enter to search. Pharmacy companies to look for new sources of revenue the next 20 years, Health care Current around data consumers! 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