How profitable are GLP1s for retail pharmacies?
We know they’re expensive but how much does a pharmacy profit off of us filling them?
I’m noticing a lot of trends surrounding all of the GLP1s. I called another pharmacy chain for a transfer and the automated line gave me some info about talking to their pharmacist about starting a GLP1. I’m like wow the pharmacy is advertising specific drugs now??? So it got me thinking, are we seeing this push and more advertising simply because they’re so popular right now and these pharmacies are just hoping to get that business or are they going to be the next big push from retail pharmacies? Just like how they’re pushing vaccines like crazy because they make the company so much more money than drugs. I don’t think we’ll see anyone pushing for pharmacists having collaborative practice agreements to prescribe GLP1s but honestly I wouldn’t be surprised at this point the industry is in shambles.
I guess I’m just curious how profitable they are, they’re expensive yes but how much is the pharmacy actually making from those sales? I work for a chain so I don’t ever see the reimbursements from insurance on these like I see from the independent side. You guys seem to see so much more from that side of the business and I’m always fascinated by it all. so I’m just curious if they are actually profitable or just super popular? And what about the cash paying patients or using manufacturer discount cards. Now I KNOW GoodRX is basically like throwing away money but what about the coupons straight from novo Nordisk for the wegovy tablets? I don’t think I’ve seen those covered ever it’s all the coupons. How much money does the pharmacy get back (or lose) from those transactions?