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Long before the coronavirus pandemic struck, the health of independent pharmacies was suffering.A survey by the National Community Pharmacists Association last fall found the number of independent pharmacies fell by nearly 20 percent to 18,478 stores last year, down from 23,029 in 2012.As a result, 10 million consumers lost access to the pharmacy of their choice.聽The closures represent a loss of nearly $17 billion in annual revenue, 15,000 jobs and millions in tax revenue.For those retailers that remained open, owners told researchers their stores financial health was poor.They blamed pharmacy benefit managers PBMs ,聽companies that manage prescription drug benefits on behalf of health insurers and large employers, and negotiate with drug manufacturers and pharmacies to control costs; and direct and indirect remuneration DIR fees that cover money a Medicare Part D plan may collect to offset member costs.PBMs and DIR fees all contribute to what these pharmacies say is聽low prescription reimbursement and putting them under severe economic pressure.While the survey didnt note it, pe
stanley ca rhaps the other major reason for the shutting of local pharmacies is competition for the nations largest chains and the growth of online prescription services.A
stanley cup nz mong the largest are CVS, Walmart and Express Scripts.The los
stanley cup s of local pharmacies comes as baby boomers and their parents, typically the most frequent consumer of prescription medications, continue to be one of the fastest growing population Zlvm Visa Continues B2B Payments Focus
Japans underdog competitor to its e-commerce leader Shopify has only been around for about two years. But Bases do-it-yourself mentality for small, independent sellers online has landed the firm 150,000 online shops in its network, in part thanks to its promise for sellers to set up their online marketplace for free in only a minute.The underdog doesnt seem so little anymore, and Base is taking advantage of its successes. Reports emerged Thursday Feb. 5 that the online marketplace has acquired online payments service Pureca. The payments service provider has now been rebranded to Pay.jp, and all 150,000 of the merchants registered with Base can now offer their customers t
stanley mug o pay with Pay.jp sometime this spring, in addition to the option of paying with a credit card or bank transfer.Certain details of Bases new payments venture remain unclear, however. Reports note that while 150,000 businesses have signed up with Base, a spokesperson for the company did not reveal how many of those businesses are actually functional and operating today. The company did note, however, that Base sees 10,000 new shops signing up with the site every month.The company also hasnt revealed exactly how much sellers will be charged to use Pay.jp. Base will collect fee
stanley quencher s for each transaction, but only
stanley termoska revealed to Tech In Asia that its terms and rates for those fees will be competitive. Reports suggest that could mean processing fees will be charged up to a certain revenue limit.With a new revenue strea
