Ep 59: Photon Health CEO Otto Sipe on the Future of Pharmacies, PBMs and GLP-1s

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/