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A Conversation About Compounding Pharmacies - What is "Compounding" and why is it in the news?
 

A Conversation About Compounding Pharmacies - What is "Compounding" and why is it in the news?

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What is "Compounding" and why is it in the news? This discussion explains the purpose of compounding pharmacies, their position in the U.S. healthcare market and the recent, national issues ...

What is "Compounding" and why is it in the news? This discussion explains the purpose of compounding pharmacies, their position in the U.S. healthcare market and the recent, national issues associated with it. Review the material and be quickly informed about the topic to engage others!

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John G. Baresky

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    A Conversation About Compounding Pharmacies - What is "Compounding" and why is it in the news? A Conversation About Compounding Pharmacies - What is "Compounding" and why is it in the news? Presentation Transcript

    • Please take this moment to convert the display to “Full Screen”“A Conversation About Compounding Pharmacies”HealthcareMedicalPharmaceuticalDirectory.COM www.HealthcareMedicalPharmaceuticalDirectory.com
    • “A Conversation About Compounding Pharmacies” www.healthcaremedicalpharmaceuticaldirectory.comHealthcareMedicalPharmaceuticalDirectory.COM www.HealthcareMedicalPharmaceuticalDirectory.com
    • What is “Compounding”?• Compounding is part of standard pharmacy practice – Compounding is the preparation / formulation of medication not available from a manufacturer – Pharmacists combine different prescription / non-prescription ingredients to formulate a therapy which better suits a patient’s needs Healthcare Medical Pharmaceutical Directory .COM
    • Why is compounding necessary?• Existing product from manufacturers is not available in preferred dosage / administration form – Pre-filled syringes, single-dose vials, pre-mixed IV bags are favored – Dosing strength needs to be less or more – An additional ingredient needs to be added• Not all therapies are stable, they are formulated as needed• Some patients require “non-standard” therapies – Available product formulations do not suit a patient and / or needs to be administered differently
    • What types of compounded products are common?• Medication that is compounded and dispensed via: – IV bag – Syringe – Single-dose vial• Creams, ointments, solutions• Suppositories Healthcare Medical• Capsules Pharmaceutical Directory .COM
    • Don’t all pharmacies compound drugs?• Most chain/grocery retail pharmacies perform basic compounding with a very narrow selection of drugs (no IM/IV medications are prepared) – Flavoring is added to liquid medications – Oral therapies are prepared by adding sterile water to the drug• Some independent retail pharmacies promote themselves as “compounding pharmacies” – They actively practice compounding as a way to differentiate themselves from chain/grocery drugstores – They typically produce topical creams, ointments and solutions
    • What other pharmacies compound drugs?• Hospitals, specialty pharmacies and home infusion facilities are capable of advanced compounding – This typically involves formulating IM/IV drug therapy – It requires specific pharmacy training, proper equipment, a sterile pharmacy workspace and specialized handling / storage of medications before, during and after preparation• There are also larger, “institutional” or “closed door” compounding pharmacies
    • How are larger “institutional” compoundingpharmacies different?• Their customers may not have the equipment, sterile workspaces or enough pharmacy staff to produce compounded medication• They do not provide walk-in, retail pharmacy service• The product they produce is shipped to various entities including: – Home Infusion Companies – Long Term Care Facilities – Physician Offices / Clinics / Surgical Centers – Psychiatric Care Facilities – Prison Infirmaries
    • Who are some of the better knowncompounding pharmacies?• There are many national, regional and locally-based institutional compounding pharmacies, some of the larger ones are: – Ameridose – Cantrell Drug Company – Central Admixture Pharmacy Service Inc./CAPS – CuraScript – Omnicare Healthcare – PharMedium Medical – Wedgewood Pharmacy Pharmaceutical Directory .COM
    • Why are compounding pharmacies in thenews?• Some government and industry stakeholders think the FDA should more assertively regulate compounding pharmacies• There is debate as to whether they should be classified as pharmacies or manufacturers• There are significant issues when they do not: – Closely follow safe, sterile pharmacy practice which impacts quality and patient care – Abide by local, state or federal clinical and commerce regulations
    • What is the outlook?• Compounding is an ongoing part of standard pharmacy practice and plays an important role in the healthcare industry• Individualized patient care and a wider array of treatment options continues to drive demand for compounded medications• Health and safety are integral to quality patient care; clinician and regulatory involvement will continue to assess and improve the performance of compounding pharmacies
    • For ongoing clinical and healthcare business industry resources, please go to: www.HealthcareMedicalPharmaceuticalDirectory.comReview Our Latest Clinical And Healthcare Business Presentations•A United Strategy For Social Media Marketing In Healthcare Brand Management•Comparative Effectiveness Research: A New Current In Pharmaceutical Brand Management•Global Healthcare Issues-Managing Drug Shortages•Healthcare Brand Management: A Conversation About Accountable Care•Healthcare Brand Management: Market Access Concepts•Health Economics Outcomes Research: Managed Care Applications In Pharmaceutical BrandManagement•New Global Healthcare: Another Chapter In Healthcare Marketing Brand Management•Pharmaceutical Brand Management: Achieving Managed Care Pull-Through Performance Healthcare Medical Pharmaceutical Directory .COM
    • For ongoing business and clinical healthcare industry resources, please go to: www.HealthcareMedicalPharmaceuticalDirectory.comFifteen Metropolitan Healthcare Markets Are Profiled:•Atlanta Each Healthcare Market Is Defined By:•Cambridge•Chicago •Hospitals•Denver •Pharmacy, Clinical Services•Indianapolis •Pharmaceutical, Device, Diagnostic, Technology•Minneapolis Companies•Nashville •Advertising, Marketing, Public Relations•Philadelphia •Administration, Practice Management•Pittsburgh •Managed Care, Healthcare Benefits, Consulting•Princeton•Raleigh-Durham•Seattle Healthcare•Salt Lake City Medical•San Diego Pharmaceutical•San Francisco Directory .COM