PHARMACY

Eli Lilly posts big year-on-year gains for Q4

BY Drew Buono

INDIANAPOLIS Eli Lilly announced that its fourth quarter profit surged from a year ago, according to published reports.

For the quarter that ended Dec. 31, the company earned $854.4 million, compared with $132.3 million a year ago. Revenue rose 22 percent to $5.19 billion from $4.25 billion, benefiting partly from a 10 percent rise in Zyprexa sales.

The results beat estimates by analysts polled by Thomson Financial, who forecast profit of 89 cents per share on $4.81 billion in revenue. The analysts’ earnings estimates typically exclude one-time items.

“Our additional investment in sales and marketing helped fuel accelerated double-digit sales growth this quarter, which was once again driven mainly by volume,” said chairman and chief executive Sidney Taurel, the Associated Press reported.

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PHARMACY

Boom in pharmacy openings leads to shortage of pharmacists

BY Drew Buono

ALEXANDRIA, Va. and ST. LOUIS, Ill. Pharmacies are booming in business and as a result new stores are being built at a rapid pace, so much so that there aren’t enough pharmacists to fill the new job openings, according to published reports.

According to the National Association of Chain Drug Stores, there were 3,600 full-time openings for pharmacists throughout the nation last year reported by 37,000 member stores.

The reasons for the shortage, according to the National Community Pharmacists Association, are changes in insurance policies and federal regulations, which have made drugs more available to people. Also, the number of prescriptions being dispensed has grown from 2 billion to 3.2 billion in the last decade.

In Illinois, the state is trying to solve the shortage by opening more pharmacy schools. “I think a lot of new schools coming on board here will help alleviate the problem,” Phil Medon, dean of Southern Illinois University Edwardsville School of Pharmacy, said. “We haven’t had any graduates, yet, but long-term expansion at existing schools—plus new schools—are designed to help alleviate the shortage.”

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MTBC receives Microsoft partner honor

BY Drew Buono

SOMERSET, N.J. MTBC, an information technology company has received the distinguished Gold Certified Partner status in the Microsoft Partner Program. The company focuses on revenue cycle management and electronic medical record solutions.

As a Microsoft Gold Certified Partner, MTBC has demonstrated expertise with Microsoft technologies and platforms. MTBC’s IT staff has successfully completed a series of examinations demonstrating the company’s competency and aptitude in utilizing and delivering Microsoft’s advanced technologies. MTBC gains access to a rich set of tools designed to help its physician clients realize improved billing and practice management solutions.

“We are very pleased to have attained Microsoft Gold Certified Partner status,” said David Rosenblum, president of MTBC. “Our Microsoft gold certification further distinguishes us from our competition. It will assist us as continue to leverage technology and deliver Internet-based revenue cycle and practice management services that enable medical providers to streamline and increase collections, while reducing associated costs.”

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