In this insightful episode of The Business of Pharmacy Podcast, we sit down with Alex Evans, a pharmacist turned medical writer, to explore the dynamic world of medical writing in the age of Artificial Intelligence. Evans shares his journey from pharmacy to medical writing and dives deep into how AI tools are reshaping the landscape of medical communications.

This week's episode is brought to you by The Phill Box from https://www.ParcelHealth.co.

https://www.pharmcompliance.com/ai-medical-writing

[00:00:19] - Alex's background in pharmacy and medical writing

[00:01:10] - Alex's current location in Japan

[00:03:31] - Working remotely in medical writing

[00:04:15] - Interacting with editors and deadlines

[00:06:49] - First impressions of AI in medical writing

[00:09:24] - Addressing fears about AI replacing writers

[00:11:37] - The importance of fact-checking AI content

[00:14:58] - Skillfully prompting AI for effective results

[00:18:08] - Audience-targeted writing with AI

[00:20:52] - Cost-effectiveness of AI writing tools

The Business of Pharmacy Podcast™, hosted by pharmacist Mike Koelzer presents candid, in-depth conversations with pharmacy industry leaders every 📅 Monday morning.

The New Face of Pharma: Unveiling the Small Pharma Model and a Unique Franchise System

Barry Patel, CEO and co-founder of Galt Companies, joined us for an engaging conversation about entrepreneurship in the pharmaceutical market. Patel discussed how Galt Companies, which includes Galt Pharmaceuticals and Galt Franchise Systems, is altering the conventional Big Pharma model by enhancing smaller pharmacies' potential. The discussion highlighted the innovative approach Galt Companies has adopted to secure existing medicines from the '70s through '90s and reintroduce them to the market, including a franchisee model allowing local entrepreneurs to own and operate mini-pharma companies in their areas. The talk also delved into the unique challenges and prospects the model offers, as well as insights into the pharmaceutical industry's regulatory landscape and Galt's future vision.

00:00 Introduction and Background of Barry Patel

00:36 Understanding the Business Model of Galt Companies

01:08 The Strategy Behind Reviving Old Pharmaceutical Products

01:44 The Role of Brand Recognition in the Pharmaceutical Industry

02:59 The Challenges and Opportunities in Manufacturing and Distribution

04:35 The Process of Identifying Potential Products for Revival

06:14 Understanding the Market Dynamics and Competition

08:05 The Future of the Pharmaceutical Industry and Galt Companies

12:06 The Role of PBMs and the Impact on the Pharmaceutical Industry

22:54 Exploring the Franchise Model in the Pharmaceutical Industry

23:15 Understanding the Franchise Model

24:14 The Role of Sales Representatives

25:00 Who are the Franchisees?

30:05 Overcoming the Salesperson Stigma

38:36 The Franchise Model and Liability

42:02 Future Plans and Growth Strategy

46:21 Final Thoughts and Appreciation

Host: Mike Koelzer

Guest: Lauren Castle, PharmD, Founder of Functional Medicine Pharmacists Alliance (FMPhA.org)

Episode Overview:

Key Topics Discussed:

Episode Conclusion:

This episode is brought to you by MatchRX.

In this episode, I chat with Russ Hawkins of Agilence about how pharmacies can leverage data analytics for effective loss prevention.

The Business of Pharmacy Podcast™, hosted by pharmacist Mike Koelzer presents candid, in-depth conversations with pharmacy industry leaders every 📅 Monday morning.

In this episode, I'm joined by Dr. Eugene Chan, a leading figure at the intersection of healthcare and technology. We delve into the profound impacts of artificial intelligence and technological advancements on patient care and the pharmacy sector. Dr. Chan's insights shed light on the future of healthcare, emphasizing the critical role of innovation in driving patient outcomes and revolutionizing pharmacy business strategies. Join us as we explore the transformative influence of technology in the healthcare industry.

The Business of Pharmacy Podcast™ offers in-depth, candid conversations with pharmacy business leaders. Hosted by pharmacist Mike Koelzer, each episode covers new topics relevant to pharmacists and pharmacy owners. Listen to a new episode every Monday morning.

In this episode, Mike Koelzer interviews George Lazenby about OrderInsight, a tool revolutionizing pharmacy prescription drug management.

This episode is sponsored by MatchRx. Visit them today at MatchRx.com.

In this episode of The Business of Pharmacy Podcast™, Mike Koelzer hosts LeeAnn and Autumn to discuss ShiftRx, an innovative solution in pharmacy staffing. The conversation delves into the challenges and opportunities in the pharmacy employment landscape, and how ShiftRx is making a difference.

ShiftRx.com

The Business of Pharmacy Podcast™ offers in-depth, candid conversations with pharmacy business leaders. Hosted by pharmacist Mike Koelzer, each episode covers new topics relevant to pharmacists and pharmacy owners. Listen to a new episode every Monday morning.

In this episode, we explore how external pursuits and hobbies can enrich the professional life of pharmacists. Our guest, Jason Chenard, shares insights from his own experiences, demonstrating the positive impact of personal interests outside the pharmacy on professional growth and wellbeing.

The Business of Pharmacy Podcast™ offers in-depth, candid conversations with pharmacy business leaders. Hosted by pharmacist Mike Koelzer, each episode covers new topics relevant to pharmacists and pharmacy owners. Listen to a new episode every Monday morning.

In this enlightening episode of The Business of Pharmacy Podcast, we delve into the intricate world of mergers and acquisitions in the biotech sector with Steve St. Onge, a seasoned expert from Paratech Pharmaceuticals. Steve shares valuable insights into the challenges and strategies of managing a single-product company in a volatile market, exploring the dynamics of both buy-side and sell-side M&As. His journey from a clinical practitioner to a corporate development leader offers a unique perspective on the biotech landscape.

⁠The Business of Pharmacy Podcast™⁠ offers in-depth, candid conversations with pharmacy business leaders. Hosted by pharmacist Mike Koelzer, each episode covers new topics relevant to pharmacists and pharmacy owners. Listen to a new episode every Monday morning.

In this episode, host Mike Koelzer talks with Charles Gellman, CEO and co-founder of HiDO Health, about the revolutionary integration of AI in pharmacy and home care. Explore how this technology is transforming patient care and medication management.

https://us.hidohealth.com/

The Business of Pharmacy Podcast™ offers in-depth, candid conversations with pharmacy business leaders. Hosted by pharmacist Mike Koelzer, each episode covers new topics relevant to pharmacists and pharmacy owners. Listen to a new episode every Monday morning.