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The voice for compounding pharmacy | September 20, 2019
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From IACP's President...
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I told you recently about the work your IACP Board of Directors is doing to chart a new course for our association. In addition to the draft strategic ends we've developed, we've also been thinking hard about who we represent and how big a tent our organization should be. Are we the voice for all of compounding or just part of it? Just retail, or health system practitioners, too? 503As, sure, but what about 503Bs?
Obviously, we represent compounding pharmacists. That's in our name, right? But the truth is, we represent many more stakeholders than just compounding pharmacists, and those stakeholders span the gamut of practice settings. We represent technicians. And academicians who focus on compounding. And vendors and suppliers. And even - this is aspirational, admittedly - prescribers and patients.
But you wouldn't know that based solely on our organization's name, would you?
That's why your IACP Board is considering a possible name change for our organization - a name that will more accurately reflect who we represent and what we do.
International Academy of Compounding Pharmacists has served us well. But although we welcome and appreciate our international members, we're not terribly international; Our focus is almost exclusively on public policy in the U.S. And we're not so much a learned academy of scholars as we are a group of allied compounding professionals. And, perhaps most importantly, we're an organization of pharmacists, sure, but not only pharmacists, not by a long shot.
After considerable deliberation, the Board has coalesced around a couple of possible new names that I want to share with you and ask for your feedback.
They both begin with the word "Alliance," which we think is an apt word for an organization like ours whose core competency is advocacy. I'll admit up front we like one of these more than the other, but they are both good choices:
I'll admit up front we like one of these more than the other, but they both are good choices:
- Alliance for Pharmacy Compounding. (We like "pharmacy compounding" because it's broad enough to reflect entire scope of our profession and business. It's positive in that it expresses what we're for, what we're about.)
- Alliance for Custom Medication. ("Custom medication" is an accurate description of the product we prepare. Trouble is, no one really knows compounding by that expression, and the concern is it will take years and lots of investment to get policymakers and others to recognize that custom medication means compounding.)
Like I said, we have a favorite. Let me know what you think, too. I expect the Board will make a decision at our meeting in early October about changing our name, and your feedback can help guide us.
Read on to learn about other (important) stuff IACP is working on.
Cheers!
Jennifer Burch, PharmD, RPh, CDE
President
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34 associations send joint letter to USP about BUD restrictions
This week 33 other state and local pharmacy-related associations joined IACP in signing a joint letter to USP expressing concern about beyond-use date restrictions in the new <795> and <797> chapters.
"The proposed revisions regarding shortened BUDs will disrupt the sound, established therapeutic regimens of patients and will impede a health care providers' ability to effectively treat patients," the letter reads. "We strongly encourage USP to heed the concerns of a growing coalition of affected compounding pharmacists, prescribers, patients, and boards of pharmacy, and revisit the BUD restrictions contained in revised and before the effective date of the chapters."
IACP and the National Alliance of State Pharmacy Associations spearheaded the effort to develop and gather support for the letter.
Read the joint letter here.
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IACP and partners formally request USP appeal hearing
As we reported in August, USP rejected three appeals by compounding pharmacy groups, including one to which IACP was a party, regarding beyond-use date restrictions in the new <795> and <797> chapters set to take effect December 1.
Last week, IACP and its partners Wedgewood and Innovations Compounding took the next step in the appeals process by formally requesting a hearing by a USP panel whose appointees are outlined in the USP Bylaws. USP has confirmed receipt of the request. We expect USP to set a hearing date shortly.
Read the appeal hearing request here.
By our reading of the USP Bylaws, it appears the effective date of the new chapters will be delayed by five months from the release of the decision of the hearing panel.
Has your board of pharmacy reached out to USP yet?
YOU CAN BE HELPFUL IN ASSURING USP HEARS CONCERNS FROM THOSE WHO WILL ENFORCE THE NEW STANDARDS IN STATES. We're talking about your state board of pharmacy.
ASAP, please contact your state board of pharmacy
, alert them to the problems with the new chapters, and urge them to write to USP to share their concerns.
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LAST CALL: IACP 2020 Board of Directors
Nominations
We're seeking passionate, informed, influential compounding leaders to help guide our academy as members of the IACP Board of Directors -- and TODAY is he deadline for nominations.
What does the board do? Strategic thinking. Stakeholder engagement. Resource allocation. Holds IACP accountable to the Board-ordained outcomes we're pursuing. Occasional crystal ball-reading.
The challenges confronting the profession are many. If compounding has been good to you. consider lending us what you've learned. Consider putting your knowledge and leadership ability to work on behalf of your profession. Work with us to confront those challenges.
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Save these 2020 dates!
IACP's two annual conferences have been completely reimagined for 2020. You'll hear more about that soon, but for now, hold these dates on your calendar:
IACP's EduCon2020
April 7-9, 2020
Denver, Colorado
Co-located with NHIA's Annual Convention
Compounders on Capitol Hill 2020
September 9-10, 2020
Omni Shoreham Hotel
Washington, DC
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Where is office-use allowed by state law?
Need to know what a particular state's law or regulation has to say about office-use or veterinary compounding? You'll find answers in our new
'State Compounding for Office Use and Veterinary Office Use' Resource,
created in collaboration with the National Alliance of State Pharmacy Associations and thanks to a grant from the IACP Foundation.
The resource is available at
www.iacprx.org/StateCompoundingLaw
. Because it is a members-only tool, IACP members are required to log-in to access it.
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ONE FUND is one great way to protect your practice
Invest NOW in IACP's OneFund. It's what fuels our advocacy efforts on your behalf, from our work on Capitol Hill to our work at FDA and USP. Your IACP dues alone are not enough to allow us to accomplish our mission. OneFund covers the costs of our lobbyist, attorneys and more. PLEASE go to www.iacprx.org/onefund and invest today. |
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Membership has its privileges. Here are a few...
Are you taking advantage of our
members-only discounts on a range of products and services
that more than cover the costs of your annual IACP dues
? Here's a short list:
- Get $500 off the cost of PCAB accreditation, the gold-standard certification for compounding pharmacies.
- Get a no-cost, no obligation gap analysis of your business and liability insurance coverage via RiskAlert-Rx - a service specially designed to help IACP member owners better understand risks of loss, plus you'll get step-by-step solutions to address any deficiencies.
- Save $200 on the registration for CBI's upcoming West Coast Compounding Compliance Conference. Details here.
- Get 10% off $500 or more of marketing services from Storey Marketing. (Valid one time per pharmacy owner.)
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Follow the leader ...
Help amplify IACP's voice by liking and sharing our tweets. Facebook posts, too.
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Other stuff worth reading
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Upcoming LIVE Webinars:
Evidence Based Business - Metric Driven Decisions
Tuesday, October 22, 2019
1:00 - 2:00 p.m. CST
Registration Opening Soon!
Scott S. Turner, PharmD, MBA
Innovation Compounding, Inc.
In light of regulatory and industry changes, it is critical for compounding pharmacists to not only have metrics in place, but also understand their use in making business decisions. Through better understanding of these metrics pharmacists can more efficiently manage operations, more accurately price products, and make better informed business decisions.
And don't miss these pre-recorded
webinars, ready when you need them, from IACP:
These are perfect for self-paced learning. Click title for details.
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