Independent pharmacies face increasing pressure from rising drug acquisition costs, shrinking reimbursement rates, staffing challenges, and growing competition from large chain pharmacies. While independent pharmacy owners are known for providing personalized care and strong community relationships, maintaining profitability in today's market requires strategic business partnerships.

Independent pharmacies continue to face increasing financial and operational pressure, and one of the most discussed drivers behind these challenges is the role of Pharmacy Benefit Managers (PBMs). From reimbursement uncertainty to complex audits and opaque fee structures, PBM practices have become a major topic in healthcare policy discussions nationwide.

K&B Pharmacy Associates attended live Beacon support sessions that delved into Market Fair Price (MFP) under the Inflation Reduction Act (IRA) and ongoing merger and acquisition activity across the pharmacy landscape. Here are our takeaways.