Ah! The doom and gloom of pharmacy again lol. It’s undeniable that the population is increasing and more and more medications are being prescribed than ever before. The profession isnt going anywhere, PERIOD! Yeah it’s due for some changes on a corporate level; but that doesn’t mean we’re all going to be banished out of a job. The law mandates a PharmD to dispense and as such a pharmD degree will always be needed. Atleast pharmacist jobs can’t be outsourced to some offshore country like India like it is currently with the computer jobs!
I agree with a few ideas on this statement, but I disagree with some others. This is not to generate a doom-and-gloom thread, but to state facts that pre-pharmacy students (and some, not all, recent PharmD graduates) still refuse to listen to.
The number of medications is increasing at an alarming rate (no question); furthermore, there are services available that are reimbursable in certain states and with collaborative practice agreements by "clinical pharmacists" and professors. The Pharmacy Demand Indicator (PDI) on Manpower.com, which used to be called the Aggregate Demand Index (ADI), uses the scripts and the value of those scripts as a determination for value. Obviously, decisions made based on that do not totally indicate market or workforce trends, but it does portray retail pharmacy and was cited in Daniel Brown's article regarding the pharmacy bubble.
For today's pharmacists, and you can correct me if I am wrong, the value determination is based on how well a pharmacist can advocate for their utility versus a "robot" that can pump out more scripts than an in-person registered pharmacist (RPh) or even one that works from home. Finding an alternative measure for value is critical for maintaining our profession, hence the need for provider status...the latter being nothing more than a pipe dream.
Source:
PDI
One requires a pharmacist license to dispense medications and provide clinical services in the first place. Any State Board of Pharmacy will have laws stating this. If one is not granted licensure for reasons the State Board of Pharmacy decides (mental health, physical health, recent hospitalization, lack of CE credits met due to lower hours and not being able to pay for the training, etcetera), alternative options must be available and attainable to have maximum utility of the PharmD degree. I know plenty of pharmacists who pursued medical writing, research, regulatory affairs, finance, HEOR, outcomes reporting, adverse event reporting, Global Marketing, and other industry-related disciplines from my time in pharmacy school and from talking with them post-graduation. However, they all had to make sacrifices; some had to maintain their RPh (and their job, as a retail or other pharmacist) just in case the industry "Unicorn" job did not pan out. You do not need a PhD to do research only, but you do need publications and a strong focus to pursue research in a specified area and be able to justify that focus with demonstrated accomplishments.
If provider status is approved nationally (BIG IF), pharmacists will be obligated to pursue some type of additional training to maintain their right to practice (PGY-X, BCXP, or additional certificates and certifications). If Registered/Licensed Pharmacists cannot land a job (side gig, full-time pharmacist, part-time pharmacist, per-diem pharmacist, contract work of some type, bartender, research lab technician, etcetera), they cannot pay for that training. PERIOD, and will be brought before the Board! Furthermore, just because pharmacy may have its name on the Medicare Part B list does not necessarily guarantee that one pharmacist will get paid for said service. There must be some determination of value involved: clinical services provided, number of patients seen versus number of patients missing appointments, patients reaching a certain A1C level, percentage patients not undergoing bypass surgery due to a medical/pharmaceutical intervention... STAR standards usually come to my mind as one value measure but there are others. If the pharmacist cannot meet those quality patient outcomes because patients won't do what they are supposed to do, the pharmacist is still liable as are the physicians that see the patient (JOINT RESPONSIBILITY, which is law in FL). Do we have the capacity to handle that kind of stress when patient outcomes dictate solely how we get paid without a hybrid system for dispensing as a fallback option? Do we even have the resources as a government to take care of those people or a psychological support group/system in retail pharmacy that does not add more work on them versus the residents that send it to pharmacists that are not residency-trained? I say no we do not.
We will be fighting with other healthcare providers to assert our value over providers that are on the same list (ARNPs, NPs, nurses, MD/DO physicians, Physician Assistants, and all others that have been providing such services for years). Those members are successful in meeting those outcomes because they, get this, EARNED their spot on the Medicare Part B list. They did this by establishing standards of practice, measuring quality outcomes using statistics and specific measures of care, and by providing those outcomes consistently. Can all licensed/registered pharmacists work on that level given their current scope of practice and lack of lobbying skills?
Even if our population increases (we have 76 million retirees and increasing), the pharmacists hired will be doing all the work while the rest of us seek alternative careers that either utilize the PharmD or give up pharmacy altogether. Those RPhs that are not residency-trained and work in retail are obligated to say "Yes" to every project that comes along and if they say "no," there is always a new graduate that is eager enough to take our job from us. I am not quite aware of the outsourcing for computer jobs so I would like more detail on that option. Thank you to those that provided some information. Timbo's prediction is already true and is already happening.
We need alternatives for PharmD graduates that do not have jobs as pharmacists and we need them FAST! Many threads have been posted regarding this issue already and there are PharmDs posting those options as well. I posted a few options on one of the threads if you are interested in seeking them.
Disclaimer: Not everybody earns these alternative positions, but we have the opportunity to apply.