Jacob and Nikhil sit down with Otto Sipe. Otto is the CEO and Co-Founder of Photon Health, which enables patients to select their own pharmacies with price and inventory transparency. The company has raised over $16 million from investors including Flare Capital Partners and Notation Capital. They discuss where pharmacies and PBMs are headed, the evolution of E-Prescribing, the impact of GLP-1s & AI, and more.
(0:00) Intro
(0:51) History and Evolution of E-Prescribing
(3:02) Challenges in Current E-Prescribing Systems
(6:28) Photon Health's Innovative Approach
(8:17) Patient and Provider Behavior Changes
(11:21) Pharmacy Industry Landscape and Future
(13:43) Interactions with PBMs and Market Dynamics
(16:48) Future of PBMs and Drug Pricing
(20:38) Quality and Marketplace Experience in Pharmacies
(23:30) Advising Independent Pharmacies for Future Success
(24:24) Challenges and Strategies in Retail Pharmacy
(25:45) Pharmacy Economics and Supply Chain Issues
(30:21) The Role and Potential of Pharmacists
(36:01) AI in Pharmacy: Photon’s Approach
(38:28) Quickfire
Out-Of-Pocket: https://www.outofpocket.health/
