Welcome to LTC Pharmacy
Long-Term Care (LTC) pharmacies are pharmacies designed to serve residents of long-term care facilities. These pharmacies are also called “closed-door” pharmacies because they don’t have a front end intended to provide non-prescription products for walk-in customers.
Although LTC pharmacies are licensed as retail establishments they are typically located in industrial parks in nondescript buildings.
LTC pharmacies operate under contractual agreements with nursing facilities and other long-term care settings to provide comprehensive pharmacy services to residents of the facility, including the supply of medications for stays under Medicare Part A, Medicare Part D and Medicaid.
LTC pharmacy revenues are driven almost exclusively by state and federal health programs and, as such, are highly dependent on policy decisions made by elected officials and state and federal agencies.
How Big is the Industry?
LTC pharmacy is estimated to represent about 5 percent of the pharmaceutical market, or roughly $17 billion.
How Many LTC Pharmacies Are There?
The number of LTC pharmacies is difficult to determine because these pharmacies are licensed as retail locations. CMS has a National Provider Identifier with a code for pharmacies designated as LTC pharmacies. This lists approximately 3,000 pharmacies as LTC pharmacies.
Commercial researchers estimate the number of pharmacies to be about half of the CMS list, or about 1500 nationwide.
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We hope to be a primary source of information to owners, managers and employees of LTC pharmacies and to those with an interest in the industry. We publish regular news that focuses on legislative and regulatory developments, industry trends and relevant news from the long-term care industry.
Are you and active marketer of your pharmacy or consulting services? Maybe we can help with that. We keep close tabs on all things marketing, including digital, direct mail and event-based marketing. We have recently launched a newsletter devoted to marketing and invite you to subscribe.
Keeping on top of government policy seems like a full-time job. who has the time to read federal regulations, track legislation and prepare for changes in payer requirements? To help, we are busy developing a comprehensive library of e-learning resources to help you stay ahead of the policy curve.