Alaska Pharmacists Association Market Research Report

Background

Overview

The Alaska Pharmacists Association (AKPhA) is a professional organization dedicated to preserving, promoting, and leading the pharmacy profession within Alaska. Established in 1956, AKPhA represents a diverse membership of pharmacists, pharmacy technicians, and students across the state. The association's mission is to empower and engage a united pharmacy profession to elevate the health of Alaskans.

Mission and Vision

Mission: To preserve, promote, and lead the profession of pharmacy in Alaska.

Vision: To be the resource for and voice of patient-focused pharmacy care in Alaska.

Primary Area of Focus

AKPhA focuses on enhancing the quality of pharmacy practice, advocating for patient access to safe medications, and supporting the professional development of its members. The association is actively involved in legislative representation, continuing education, and fostering collaborative relationships with other healthcare organizations.

Industry Significance

As the leading professional body for pharmacists in Alaska, AKPhA plays a crucial role in shaping healthcare policies, advancing pharmacy practice standards, and ensuring that Alaskans have access to high-quality pharmaceutical care.

Key Strategic Focus

Core Objectives

Advocacy: Representing the interests of pharmacy professionals in legislative and regulatory matters.

Education: Providing continuing education opportunities to enhance professional knowledge and skills.

Community Engagement: Fostering relationships with other healthcare organizations to promote collaborative patient care.

Specific Areas of Specialization

Legislative Representation: Engaging with policymakers to influence healthcare legislation affecting pharmacy practice.

Continuing Pharmacy Education (CPE): Offering accredited programs to support lifelong learning for pharmacists and technicians.

Professional Development: Providing resources and support for career advancement within the pharmacy profession.

Key Technologies Utilized

While specific technological platforms are not detailed, AKPhA utilizes digital communication tools, including a quarterly digital newsletter and an online job board, to engage with members and disseminate information.

Primary Markets or Conditions Targeted

AKPhA primarily serves the pharmacy community in Alaska, including health-system, chain, and community pharmacists and technicians. The association also addresses broader healthcare issues affecting Alaskans, such as patient access to medications and public health initiatives.

Financials and Funding

Funding History

As a 501(c)(6) nonprofit organization, AKPhA's funding is derived from membership dues, event revenues, and other contributions. In the fiscal year ending December 2024, the association reported total revenues of $264,494 and expenses of $261,613.

Total Funds Raised

The association's total revenues for the fiscal year ending December 2024 were $264,494.

Notable Investors

As a nonprofit organization, AKPhA does not have investors in the traditional sense. Its funding sources include membership dues, event revenues, and other contributions from stakeholders interested in advancing the pharmacy profession in Alaska.

Intended Utilization of Capital

The funds are utilized to support the association's mission, including legislative advocacy, continuing education programs, member services, and operational expenses.

Pipeline Development

As a professional association, AKPhA does not have a product development pipeline. Instead, it focuses on developing programs and initiatives that support the professional growth of its members and the advancement of pharmacy practice in Alaska.

Technological Platform and Innovation

Proprietary Technologies

While specific proprietary technologies are not detailed, AKPhA employs digital platforms for communication and member engagement, including a quarterly digital newsletter and an online job board.

Significant Scientific Methods

AKPhA offers continuing education programs accredited by the Accreditation Council for Pharmacy Education (ACPE), ensuring that pharmacists and technicians have access to high-quality educational resources.

Leadership Team

Executive Profiles

Brandy Seignemartin: Executive Director of AKPhA, responsible for overseeing the association's operations and strategic initiatives.

Key Contributions

Under Seignemartin's leadership, AKPhA has expanded its educational offerings and enhanced its advocacy efforts to better serve the pharmacy community in Alaska.

Competitor Profile

Market Insights and Dynamics

The pharmacy profession in Alaska faces challenges such as staffing shortages, pharmacy closures, and the influence of Pharmacy Benefit Managers (PBMs) on medication access and costs. These factors impact the operational dynamics of pharmacies and the delivery of pharmaceutical care.

Competitor Analysis

As a professional association, AKPhA does not have direct competitors but collaborates with other healthcare organizations to advance the profession and improve patient care.

Strategic Collaborations and Partnerships

Significant Collaborations

AKPhA maintains affiliations with national pharmacy organizations, including the American Pharmacists Association (APhA), National Community Pharmacists Association (NCPA), and American Society of Health-System Pharmacists (ASHP), to enhance its advocacy and educational initiatives.

Operational Insights

Strategic Considerations

AKPhA focuses on addressing challenges such as staffing shortages and the impact of PBMs on pharmacy operations. The association advocates for policies that support the sustainability of pharmacies and the accessibility of medications for Alaskans.

Strategic Opportunities and Future Directions

Strategic Roadmap

AKPhA aims to strengthen its advocacy efforts, expand continuing education programs, and enhance member engagement to address the evolving needs of the pharmacy profession in Alaska.