PHARMACY

J.M. Smith names new CEO

BY David Salazar
SPARTANBURG, S.C. — J.M. Smith announced recently that there is a new face at the helm of the company. Effective March 1, A. Alan Turfe is the company’s CEO and chairman of its board of directors, having been selected by the board after a nationwide search. He joins the company from Fresenius Medical Care, where he was SVP and chief procurement officer. 
 
“In a pool of incredibly qualified candidates, Alan demonstrated the leadership skills, business acumen and background best suited to lead J M Smith Corporation into the future,” board member and search committee chair Terry Cash said. “Alan is growth-minded and believes, as we do, that the future is bright for J M Smith Corporation. We believe he will both honor the proud history of this organization while leading it through the dynamic times ahead.”
 
At Fresenius, Turfe leveraged global manufacturing and distribution in pharmaceuticals and other medical categories to expand margins and drive profitability. He got his start on the assembly line at General Motors while working toward his MBA, after which he became a GM financial analyst, eventually moving up the ranks to become co-CEO of a GM joint venture company he led the company into in his tole as CFO of GM Worldwide Purchasing and Logisitics. 
 
After GM, Turfe joined Fisher Scientific, then to IDEX, where he was president of Micropump, overseeing sites in the U.S. and overseas with full profit-and-loss responsibilities, and growing the bueinesses through strategic acquisitions and new product development. 
 
“J.M. Smith Corp. is a phenomenal organization with a proud history,” Turfe said. “I am looking forward to working with everyone within the company as we write its next chapters together. I believe in the importance of listening to employees and to customers on a personal level, asking ‘How can we help them achieve?’ and then working with them to do just that.”
 
In his new role leading J.M. Smith, Turfe will head up the third-largest privately held company in South Carolina, which does business through such units as Smith Drug, QS/1, Integral Solutions Group, RxMedic Systems, Integra LTC Solutions and Burlington Drug Company. He will be based in Spartanburg. 
 
“One of the things that drew me to this opportunity is the longevity of both the employee and customer relationships,” Turfe said. Long-term relationships such as these are evidence of the quality of the organization, the caliber of its people and of its service. I am proud to be part of that.”  
 
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PHARMACY

NCPA endorses latest prescription transparency legislation

BY Michael Johnsen

WASHINGTON — Reps. Doug Collins, R-Ga., and Dave Loebsack, D-Iowa, on Thursday introduced H.R. 1316, the Prescription Drug Price Transparency Act, to protect taxpayers and the community pharmacists who serve them by requiring greater transparency from pharmacy benefit managers.

“I’m introducing a bipartisan bill to ensure that PBMs update their MAC lists for Medicare Part D, TRICARE, and FEHBP every seven days to protect competitive pricing and to preserve pharmacy access and choice for patients," Collins stated. "The Prescription Drug Price Transparency Act provides essential oversight to prevent waste, fraud, and the abuse of taxpayer funds and better protects patient privacy.”

Support for this legislation extends across the aisle, Collins noted. Rep. Loebsack is the bill’s lead Democratic co-sponsor. Other original co-sponsors for H.R. 1316 include Reps. Brian Babin, R-Texas, Rod Blum, R-Iowa, Buddy Carter, R-Ga., John Duncan, Jr., R-Tenn., Cathy McMorris Rodgers, R-Wash., and John Sarbanes. D-Md.

“Whether it is in large cities, or small towns, pharmacists across the country serve as the first line of health care services for many patients. I appreciate all of their hard work to serve our communities and to provide quality, affordable and personal care,” Loebsack said. "However, I also recognize how challenging it can be for some small pharmacists to compete with bigger companies. One pressing challenge facing many community pharmacists is the ambiguity and uncertainty surrounding the reimbursement of generic drugs. To help address this problem, I am proud to join my colleague Rep. Collins to reintroduce the Prescription Drug Price Transparency Act, which also helps ensure federal health plan reimbursements to pharmacies to keep pace with generic drug prices.”

The National Community Pharmacists Association on Thursday announced its strong support for the legislation.  

According to the association, H.R. 1316, the Prescription Drug Price Transparency Act would:

  • Require pharmacy benefit managers which serve TRICARE and the Federal Employee Health Benefits programs, to provide the same updates and disclosures to pharmacies for the maximum allowable costs lists that are currently provided to pharmacies in Medicare Part D. These “MAC” lists determine generic reimbursements for pharmacies;
  • Set a standard for how frequently those lists are updated;
  • Prohibit sharing patient information with PBM-owned pharmacies (mail order and/or retail) unless a patient has chosen to fill that prescription there; and;
  • Forbid PBMs from mandating patients use their affiliated pharmacies.

“Taxpayer-funded federal health programs should operate in a fair, efficient and cost-effective manner, but we are falling short of those objectives when it comes to the dispensing and reimbursement system for generic prescription drugs,” stated Douglas Hoey, NCPA CEO.  “Building off of the Centers for Medicare & Medicaid Services transparency requirements for PBMs’ Medicare Part D plans, Reps. Doug Collins and Dave Loebsack have introduced [a] common-sense bill [that] extends many of those disclosure and privacy protections to federal employees and the military health programs.”

The bill would bolster patient access to the pharmacies of their choosing and ensure pharmacies that sign contracts with PBMs are no longer ‘flying blind’ when it comes to understanding the criteria for generic drug reimbursements, Hoey added. In addition, the bill will create more accountability for how these federal health programs deliver prescription drug services.

 

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MD Labs names $1K scholarship recipient

BY Brian Berk

WOONSOCKET, R.I. — Kim Nguyen of La Puente, Calif., was named a recipient of a $1,000 MD Labs/Rxight Scholarship Supporting Excellence in Pharmacy Studies.

MD Labs awards its semi-annual pharmacy scholarships through its various programs, including scholarships geared specifically for Pharmacy graduate students and current college students who are planning a career in pharmacy. Nguyen completed her undergraduate studies from the University of California, Los Angeles, with a bachelor of science in Biochemistry and is currently enrolled in Keck Graduate Institute School of Pharmacy to earn a Doctor of Pharmacology degree. Her areas of research interest are oncology and pharmacogenomics. One of Nguyen’s research projects will focus on the implementation of pharmacogenetics testing in a community pharmacy.

 “We are pleased to reward Kim for her contributions to school and community,” said Chuck Dushman, director of corporate giving with MDLabs/Rxight. “In addition, we were very impressed with her future plans and passion for implementing and testing pharmacogenomics in a community pharmacy.”

Scholarship candidates must have a minimum 3.5 cumulative GPA, be a U.S. citizen or legal permanent resident, be pursuing or plan to pursue their first undergraduate or graduate degree in Pharmacy, and plan to enroll as a part-time or full-time student at an accredited U.S. postsecondary institution in the upcoming academic year.

“It is an honor to have received The MD Labs Rxight Scholarship Supporting Excellence in Pharmacy Studies,” said Nguyen. “My love for pharmacogenetics/pharmacogenomics solidified during my enrollment in a graduate level genetics course and I will use my research to advance the pharmacy profession.”

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