Report: Pharmacy industry hits crossroads, drastic changes needed to sustain workforce, business

The report also calls for investing in pharmacy teams and attracting future talent, as pharmacy school enrollment has declined 29% in five yPhoto byMarques ThomasonUnsplash

CVS Health has released the Rx Report: Transforming Community Pharmacy to Make Healthier Happen Together, which explores the evolution of community pharmacy and opportunities to meet consumer expectations while supporting the workforce. The report emphasizes the critical role of pharmacists, with 80% of consumers considering them credible sources of health information. It also highlights the need for a sustainable pharmacy model and improvements to the pharmacy reimbursement system. CVS Pharmacy introduced CVS CostVantage, a transparent pricing model based on drug costs and dispensing fees, to help ensure long-term viability. The report also calls for investing in pharmacy teams and attracting future talent, as pharmacy school enrollment has declined 29% in five years.