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- Mar 20, 2010
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Since I am already commited to the profession, I am in my 4th quarter as we speak and since optomism is free I figured I'd post somewhat of a positive spin on the situation...the following are my thoughts regarding an issue that echos through this forum--the issue of ACPE accrediting new PharmD programs...
Why can't we suppose that the ACPE trying to expand our profession? Why the negative spin on everything these days. The larger a profession gets the more lobbyng power it inherently has therefore more legislative power. Do we wish to go the way of optometrists who have a measly 18 schools and no real professional leadership or sway in issues such as health care reform? We need to stop throwing temper tantrums everytime something reminds us that we are not an elitist profession, it must expand as the population expands and the nation's age demographics change.
Here is the bottom line, pharmacy school is hard--my program has already lost 13 students (they will graduate a year behind) and we are only in the 4th quarter, I will expect us to lose another 3-5 more by the end of this quarter. My point is, the curriculum is not being diluted it is just available to more naive souls willing to shell out 40k a year to attempt it. Sure the NAPLEX is designed to weed out all but those that are at least "minimally competant" but in the profession of pharmacy that is still a very well educated individual. This increase in number of pharmacists will do nothing but increase our utilization.
Here are a few hard truths that we were all well aware of when we opted for PharmD over MD/DO:
1) We are mid-level practitioners, clinical roles have expanded for our profession in part to releive the severe provider shortage of the last several decades. There is a move in many institutions (namely the VA) to rely on mid-levels to provide healthcare and balance a sustainable budget.
My point is, at the rate of salary increase we were seeing (approximately doubling every 10 years) we would have priced ourselves right out of the market! We would be obsolete. What institution wants to pay $350k a year + benefits for a "resource" and on that token, how fast could chains continue to expand and be profitable with shrinking reimbursements and a 2 pharmacist payroll nearing a million a year! These numbers are ridiculous I know that, but what do you think Joe Pharmacist working at Rexall Drugs in 1979 would have thought to hear that whiny new grads would complain if they can't graduate into a guaranteed $125k/year job!
2) The PharmD can realistically be completed in 7 years, while this is a formitable number it is still reasonable considering other healthcare providers, their time commitment and rewards/job prospects post grad. Now I know people will probably respond (as they do in my school) rattling off how many masters degrees they have and the accomplishments the flaunt. The bottom line is, even with a debt load of nearly $200k, this is still a very adequately compensated profession even if we see a temporary dip in salaries.
3) I would like to share a very important piece of insight a professor shared with my class in the first class of our first day of pharmacy school. He reminded us that any health profession needs to balance the supply and demand issue. Severe shortages can create histeria and prompt legislators to seek for alternatives and ways around said profession. (look at the growth of PAs, NPs, CRNAs, etc aimed to combat the physician shortage!) No one is bulletproof. Shortages will only persist for so long before action is taken to mitigate the shortages.
--Just something to think about--
Why can't we suppose that the ACPE trying to expand our profession? Why the negative spin on everything these days. The larger a profession gets the more lobbyng power it inherently has therefore more legislative power. Do we wish to go the way of optometrists who have a measly 18 schools and no real professional leadership or sway in issues such as health care reform? We need to stop throwing temper tantrums everytime something reminds us that we are not an elitist profession, it must expand as the population expands and the nation's age demographics change.
Here is the bottom line, pharmacy school is hard--my program has already lost 13 students (they will graduate a year behind) and we are only in the 4th quarter, I will expect us to lose another 3-5 more by the end of this quarter. My point is, the curriculum is not being diluted it is just available to more naive souls willing to shell out 40k a year to attempt it. Sure the NAPLEX is designed to weed out all but those that are at least "minimally competant" but in the profession of pharmacy that is still a very well educated individual. This increase in number of pharmacists will do nothing but increase our utilization.
Here are a few hard truths that we were all well aware of when we opted for PharmD over MD/DO:
1) We are mid-level practitioners, clinical roles have expanded for our profession in part to releive the severe provider shortage of the last several decades. There is a move in many institutions (namely the VA) to rely on mid-levels to provide healthcare and balance a sustainable budget.
My point is, at the rate of salary increase we were seeing (approximately doubling every 10 years) we would have priced ourselves right out of the market! We would be obsolete. What institution wants to pay $350k a year + benefits for a "resource" and on that token, how fast could chains continue to expand and be profitable with shrinking reimbursements and a 2 pharmacist payroll nearing a million a year! These numbers are ridiculous I know that, but what do you think Joe Pharmacist working at Rexall Drugs in 1979 would have thought to hear that whiny new grads would complain if they can't graduate into a guaranteed $125k/year job!
2) The PharmD can realistically be completed in 7 years, while this is a formitable number it is still reasonable considering other healthcare providers, their time commitment and rewards/job prospects post grad. Now I know people will probably respond (as they do in my school) rattling off how many masters degrees they have and the accomplishments the flaunt. The bottom line is, even with a debt load of nearly $200k, this is still a very adequately compensated profession even if we see a temporary dip in salaries.
3) I would like to share a very important piece of insight a professor shared with my class in the first class of our first day of pharmacy school. He reminded us that any health profession needs to balance the supply and demand issue. Severe shortages can create histeria and prompt legislators to seek for alternatives and ways around said profession. (look at the growth of PAs, NPs, CRNAs, etc aimed to combat the physician shortage!) No one is bulletproof. Shortages will only persist for so long before action is taken to mitigate the shortages.
--Just something to think about--