Although scheduling conflicts prevented him from attending in person, Cost Plus Drugs Co-Founder Mark Cuban made a big impact during the Opening Session of this year’s CPESN® USA Mid-Year Leadership Event. In a recorded 18-minute conversation with CPESN Executive Director Troy Trygstad, Cuban tackled pressing questions about the future of pharmacy—aligning perfectly with the meeting’s theme: Moving Forward – Entrepreneurial Pathways for Monetizing Your Expertise. Watch the video here.
The candid discussion explored major challenges and opportunities in the pharmacy space, including:
- Disruption in traditional market models
- Growth in the cash-pay segment
- How some employer benefit contracts threaten sustainability of local independent pharmacies
- The role of pharmacy benefit managers (PBMs)
- The importance of pricing transparency
Just weeks later, CPESN USA and Cost Plus Drugs have an agreement. The program will initiate with the CPESN Iowa network with a goal of identifying employer customers for Cost Plus + CPESN pharmacy-led healthcare services. We’ll share success stories as they unfold.