MSHP Presidential Updates - Brandon Ordway, PharmD, MS 

October 2019

Since our Leadership Retreat in June the MSHP Strategy Group has been hard at work building the MSHP Operating Model, defining our goals, and creating the plans to achieve those goals.  I will review in detail each of the MSHP Operating Model pillars below.

Money and Growth

Matt Wolff and Jason Christiansen are leading the work for this pillar. Our goal for 2019-2020 is to increase our operating margin by 2% over the 2018-2019 results. To do this we are focusing on three key areas. First is to continue making improvements to the reverse expo to add more value for both our vendors and health-system participants. We’re also considering re-branding the event to ensure all vendors can participate if desired. The second tactic is to move some of our cash reserves from low-yield savings to higher-yield Certificate of Deposits (CDs). Third,  we’re exploring opportunities for non-traditional (i.e., non-pharmaceutical) vendor partners as exhibitors at our conferences. We have a lot of students and residents that visit our vendors and we think that financial service companies or car dealers, for example, may find interest in that audience. Finally, to speak to the growth aspect of this pillar, it’s worth noting that over the last decade MSHP has been very successful financially but we haven’t grown our base pharmacist member numbers. I mentioned this statistic at our retreat, but I think it’s worth sharing with all of our members. If you add up our pharmacist members plus MPhA’s pharmacist members together we only have about 10% of the total members compared to that of a neighboring state’s pharmacy organization pharmacist members. This is our opportunity and the growth challenge for Minnesota professional pharmacy organizations.  READ MORE


Minnesota 2019 Session Legislative Summary 

Click HERE for MPA 2019 Legislative Summary and click HERE for Minnesota Board of Pharmacy 2019 Legislative Summary.

MN PBM Licensure and Regulation, SF278 Conference Report Adopted on 5-1619.  Click HERE for report.

Please note, the legislative schedule is fluid and bills may be added or removed from a committee schedule at any time. For the most up to date committee schedule, you may use the following link to the combined legislative calendar.

https://www.leg.state.mn.us/calendarday


MSHP Pharmacy Advocacy Fund

Please consider supporting MSHP's advocacy efforts by DONATING to the MSHP Pharmacy Advocacy Fund.  If you prefer, you can download the Donation Form and submit this with your payment to MSHP.  For additional information on MSHP's Pharmacy Advocacy Fund, click HERE

 

 

MSHP Affiliates
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Upcoming Events more

11/19/2019
MSHP-Arrowhead CE Dinner

12/9/2019
Minnesota Night Reception

4/23/2020 » 4/24/2020
MSHP 2020 Annual Conference

6/11/2020 » 6/12/2020
2020 University of Minnesota Biennial Pharmaogenomics Conference