Point-of-care testing in pharmacies—An evaluation of the service from the lens of resource-based theory of competitive advantage

Pontinha, V.; Wagner, Tyler; Holdford, David A.

doi:10.1016/j.japh.2020.11.005

Cited by 8 publications

(10 citation statements)

References 55 publications

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“…Resource Based Theory (RBT) is a managerial framework used to determine the strategic resources that a business can leverage to achieve a sustainable competitive advantage [16]. Barney [17,18] is widely cited as an important figure in the emergence of the resource-based view.…”

Section: Resource Based Theory (Rbt)mentioning

confidence: 99%

Determination of Critical Factors for Success in Business Incubators and Startups in East Java

Habiburrahman

Prasetyo²,

Raharjo³

et al. 2022

Sustainability

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The reference to the success factors of incubators and startups in running their business so far has been ambiguous. The purpose of this study is to analyze the critical factors that can affect the success of incubators and startups. The quantitative research method describes the research results. The study locus is in East Java Province, Indonesia with primary data from respondents in five regions: Banyuwangi, Jember, Madiun, Malang, and Surabaya. The number of respondents was 41 from incubators and 59 from startups with identification of domicile, type of business, and business turnover. Data was collected using surveys and interviews with 100 respondents. The analysis in this study uses eleven factors that are assumed to be factors of business success that have been tested with Kaiser Meyer Olkin Measure (KMO), Measure of Sampling Adequacy (MSA), Bartlett’s test, and Cronbach Alpha. The critical point used for the KMO value is between 0.5 and 1, the MSA test critical point is 0.5, Bartlett’s test is less than the significance level (α = 0.05), and α cronbach ≥ 0.60. The analyzed factors are as follows: synergy products; processes; innovation management; communication; culture; experience; information technology; innovation skills; functional skills; and implementation skills. As a result, incubators and startups agree on eleven critical factors to building their business success, but there are differences in the priority scale between incubators and startups on these eleven factors.

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Section: Resource Based Theory (Rbt)mentioning

confidence: 99%

Determination of Critical Factors for Success in Business Incubators and Startups in East Java

Habiburrahman

Prasetyo²,

Raharjo³

et al. 2022

Sustainability

View full text Add to dashboard Cite

show abstract

“…4 The common limitations in determining the cost-effectiveness of pharmacist interventions include: 1) not performing an incremental analysis (i.e., no comparator) or fail to evaluate both costs and outcomes; 2) incorrectly assessing the costs of the pharmacy service itself or failing to consider other costs in the analysis in addition to the pharmacy benefit. 18 Additionally, the many tasks involved in a pharmacy service can make it difficult to attribute a price tag on each component of the intervention. Lastly, it is possible that some outcomes measures (e.g., utilities) might not fully capture the value of complex interventions or be sensitive to the benefit generated by the pharmacy service intervention.…”

Section: Reviewmentioning

confidence: 99%

“…13,47 The implementation of VAFs in this context, although innovative, are even more critical, as using just QALY or DALY as the utility measures may not reflect the true value of the pharmacist intervention in short-term periods. 18 The development of theory-based frameworks is able to conceptualize the value that technologies or pharmacistled services provide to the payers. For instance, pharmacy quality can be defined as achieving a degree of excellence by providing services which maximize the probability of positive outcomes and minimize the probability of negative outcomes.…”

Section: 13mentioning

confidence: 99%

Principles of pharmacoeconomic analysis: the case of pharmacist-led interventions

Tonin

Aznar-Lou

Pontinha

et al. 2021

Pharm Pract (Granada)

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In the past years, several factors such as evidence-based healthcare culture, quality-linked incentives, and patient-centered actions, associated with an important increase of financial constraints and pressures on healthcare budgets, resulted in a growing interest by policy-makers in enlarging pharmacists’ roles in care. Numerous studies have demonstrated positive therapeutic outcomes associated with pharmaceutical services in a wide array of diseases. Yet, the evidence of the economic impact of the pharmacist in decreasing total health expenditures, unnecessary care, and societal costs relies on well-performed, reliable, and transparent economic evaluations, which are scarce. Pharmacoeconomics is a branch of health economics that usually focuses on balancing the costs and benefits of an intervention towards the use of limited resources, aiming at maximizing value to patients, healthcare payers and society through data driven decision making. These decisions can be guide by a health technology assessment (HTA) process that inform governmental players about medical, social, and economic implications of development, diffusion, and use of health technologies – including clinical pharmacy interventions. This paper aims to provide an overview of the important concepts in costing in healthcare, including studies classification according to the type of analysis method (e.g. budget-impact analysis, cost-minimization analysis, cost-effectiveness analysis, cost-utility analysis), types of costs (e.g. direct, indirect and intangible costs) and outcomes (e.g. events prevented, quality adjusted life year - QALY, disability adjusted life year - DALY). Other key components of an economic evaluation such as the models’ perspective, time horizon, modelling approaches (e.g. decision trees or simulation models as the Markov model) and sensitivity analysis are also briefly covered. Finally, we discuss the methodological issues for the identification, measurement and valuation of costs and benefits of pharmacy services, and suggest some recommendations for future studies, including the use of Value of Assessment Frameworks.

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“…19 A business model canvas is a strategic management tool that provides a comprehensive framework for describing and understanding the crucial elements of any business enterprise, including innovative pharmacist services. 20,21 It differs from a business plan, which is a more formal, detailed description of an initiative. Both describe the business model, but in varying levels of detail, with the canvas outlining the business model on a single page.…”

Section: Introductionmentioning

confidence: 99%

Using the Business Model Canvas to Guide Doctor of Pharmacy Students in Building Business Plans

Holdford

Pontinha

Wagner

2022

American Journal of Pharmaceutical Education

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Objective. To review the use of the business model canvas, a one-page visual description of a business initiative, as a tool for teaching pharmacy students about entrepreneurship and business planning in pharmacy practice settings. Findings. Students often struggle to develop the mindset, skillset, and toolset to effectively apply business modeling and planning processes to pharmacy practice settings. Over years of experimentation and various iterations in a pharmacy practice management class, a new business model canvas was developed and refined. The canvas contains thirteen sections which emphasize key terms, concepts, and ideas crucial for achieving entrepreneurial competencies. Using the Zone of Proximal Development as a framework, the course structure offered a range of supportive activities that guided students to independent competence. The business model canvas formed a framework around which assigned course readings, exercises, and group assignments helped pharmacy students build confidence and competence in completing a capstone business plan assignment. Summary. This paper provides recommendations and examples of how to structure a course in the Doctor of Pharmacy (PharmD) curricula using an entrepreneurial tool, the business model canvas, to help students master business competencies. Recommendations and lessons-learned are provided.

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Point-of-care testing in pharmacies—An evaluation of the service from the lens of resource-based theory of competitive advantage

Cited by 8 publications

References 55 publications

Determination of Critical Factors for Success in Business Incubators and Startups in East Java

Determination of Critical Factors for Success in Business Incubators and Startups in East Java

Principles of pharmacoeconomic analysis: the case of pharmacist-led interventions

Using the Business Model Canvas to Guide Doctor of Pharmacy Students in Building Business Plans

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