In Wisconsin, as in several other states, the profession of pharmacy is changing rapidly. Drivers of this change include:
An increase in the aging population
The elderly population—age 65 and over—will increase rapidly in five-year intervals, from 777,500 in 2010 to 1,535,500 in 2040, nearly doubling in 30 years. The projected rise in the population aged 65 or older is anticipated to result in demands for pharmacy services especially in intermediate care, assisted living and group homes.
A reduction of pharmacists in the workforce due to retirements
There is a projected demand for pharmacists resulting from an anticipated surge in retiring pharmacists. In 2012, the Wisconsin Hospital Association reported that more than 20 percent of pharmacists in Wisconsin are aged 55 or older, and are expected to retire in the next 10-15 years.
Continued demand for primary care and health services in rural and urban areas
Similar to the primary care physician shortage, rural and low-income segments of Wisconsin’s health care system, and other regions within the state, are experiencing greater problems in meeting the demand for practitioners.
Increased demand for new types of pharmacists
There is a need for pharmacists who are trained to provide expanded services, including, medication monitoring, immunizations, and health screenings, as well as chronic disease management, acute ambulatory care and specialty pharmacy care.