In this insightful episode of FrameworkFocus™, we welcome a special guest host, Todd Eury, from the Pharmacy Podcast Network. Michelle Templin, the Senior Vice President of Strategy & Legislative Affairs at Managed Healthcare Associates, joins Todd for this all-important conversation. Together, they delve into the ever-evolving legislative landscape and its profound impact on the Long-Term Care Pharmacy industry. From recent regulatory shifts to upcoming policy changes, Todd and Michelle provide expert analysis to help you stay ahead in a complex and dynamic environment.

“The IRA (Inflation Reduction Act) and the Drug Price Negotiation Program get the biggest amount of press out there… but we’re also paying an equal amount of attention to Part D Redesign that actually kicks in next year, “ Michelle Templin noted. “It dramatically changes the financials behind how the Part D’s are funded, behind out-of-pocket cap expenses for the beneficiaries, and really needs to be fully understood by the pharmacies.”

Templin noted that these types of changes are nothing new in the industry, but knowing about and anticipating them is beneficial for the pharmacy. Tighter constraints on formularies and additional steps on prior authorization are some of the tangible items that will impact the entire LTC ecosystem.

“The IRA (Inflation Reduction Act) is a major piece of significant legislation. I’m not going to try to downplay that,” Michelle remarked. “It’s probably the biggest thing to happen to the pharmacy since the Medicare Modernization Act, and it’s going to bring changes.”

This exciting conversation features all of this and more. Listen to the full discussion between Michelle and Todd to ensure your pharmacy is informed about the upcoming changes and how they will impact day-to-day operations.

About Michelle Templin

Michelle leads the advocacy efforts impacting MHA's various post-acute care members, such as long-term care, home infusion and specialty pharmacies, skilled nursing, assisted living, and rehab facilities. Her team guides PAC providers through legislative matters, evaluating and championing critical business issues. She holds esteemed roles with the Alliance for Long-Term Care Pharmacy at Home, the American Society of Consultant Pharmacists, and the Senior Care Pharmacy Coalition.

Michelle received her undergraduate degree from Temple University, focusing on International Business Administration and Strategic Management, and holds an MBA from Pepperdine University.

About Managed Healthcare Associates

Managed Health Care Associates, Inc. (MHA) is the country’s largest alternate site GPO and has established itself as a leading healthcare services and software company. In 2024, we celebrate 35 years of enabling success in alternate site health care. This evolution reflects our commitment to staying abreast of changes in the alternate site healthcare market and investing in innovative solutions, software, and services for our members, including long-term care pharmacies, infusion pharmacies, specialty pharmacies, home medical equipment providers, and assisted living and skilled nursing facilities.

Learn more at mhainc.com.

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Framework Focus is focused exclusively on Long-Term Care Pharmacy. We release a new episode on the second Wednesday of every month that addresses the hottest topics in LTC pharmacy through timely interviews with industry trailblazers, thought leaders, and LTC pharmacists. Follow and subscribe to the podcast wherever you listen so you do not miss an upcoming episode.