How this benefits your practice
Across the nation, healthcare providers are embracing point-of-care dispensing, not only for the increased revenue, but also to provide better care for their patients.
Throughout most of our history, physicians dispensed the medications they prescribed. However, at the turn of the 20th century, physicians began to offload this task to chemist, or pharmacist, who were specialist in the creation and compounding of medicines. In the early 1980s, this practice began to reverse with the advent of prepackaged drugs. Today, most drugs come prepackaged from the pharmaceutical manufacturer, making physician dispensing a logical step for practitioners.
Practitioners can improve the medical care, safety and compliance of their patients, while adding an additional revenue stream to their practice.
Practitioner Benefits
Point-of-care dispensing has many inherent benefits to a physician's practice, such as providing better care for their patients and increasing the revenue and profitability of their practice.
National studies have estimated that 30-40% of prescribed medications go unfilled. This behavior increases the likelihood that the patient will encounter relapses, complications and hospitalization. Nations Pharmaceuticals' dispensing program begins the continuum of care, thus allowing the physician to ensure their patients are receiving the best medical care possible.
Our customizable formulary provides each office with suggested branded medication and FDA repackaged generic drugs that require higher production standards than those required of pharmacies. In traditional pharmacies, potentially fatal error rates (wrong drug, wrong strength or wrong dosage) are approaching 5% nationally, with cross-contamination of antibiotics occurring frequently. Incorporating our prepackaged products into your medical practice greatly reduces the likelihood of these serious pharmacy-related errors.
With the downturn in our economy, many physicians and medical clinics are looking for easy ways to supplement their revenue stream. Nations Pharmaceuticals' point-of-care dispensing program is a logical and easy way to increase your profitability. For a practice utilizing our dispensing system and promoting it to its patients, the profit can be substantial. For example, a single physician practicing seeing an average of 30 patients per day could see an annual revenue increase of $70,000 - $125,000.
Studies show that 30-40% of prescribed medications go unfilled. Our dispensing program eliminates the most common excuses, providing patients with privacy and convenience.
Patient Benefits
In addition to the improved medical care through medication compliance and the reduced risk of medication errors discussed above, patients love the convenience and cost savings afforded them through our dispensing program.
Patients do not fill their prescribed medications a significant amount of the time—whether it's because of transportation issues, a reluctance to wait in pharmacy lines while ill or with a restless child, or simply because they are wanting to avoid an embarrassing incident at the pharmacy. Nations Pharmaceuticals dispensing program avoids these common excuses, ensures the privacy of the patient, and allows the physician to ensure the beginning of the continuum of care.
