MEDICATION THERAPY MANAGEMENT

Clinical Solutions

Pharmacists had always been trusted by healthcare professionals and well-respected members of the community. Over the years, pharmacists dispensed medication advice alongside prescriptions. However, pharmacists did not get paid for dispensing advice. As the healthcare system continuously changes, a new revenue stream for pharmacists and pharmacies, especially community pharmacies, in the form of medication therapy management is now affording pharmacists an opportunity to play a very important role in becoming an integral part of patients’ continuum of care.

Keeping patients healthy and out of the hospital is becoming the focus of Medicare’s reimbursement formula for both hospitals and physicians; That same reason is why hospitals are engaging their ambulatory pharmacies or partnering with community pharmacies in order to reduce the readmission rates.

Medication therapy management is one tool that pharmacies can utilize to increase revenue and attract and retain more customers. By implementing a medication therapy management program, pharmacies have the potential to increase sales in other ancillary areas.

Although medication therapy management is a reimbursable service covered under Medicare part D. the labor cost is one of the challenges facing many community pharmacies in implementing a successful medication therapy management program. On average it takes about one hour to complete a medication therapy management consultation. During this hour the community pharmacist will have to either close down the dispensing counter or bring in another pharmacist to cover the dispensing counter, which in turn will increase the pharmacy’s payroll cost instead of increasing revenue.

Through Progressive Healthcare Solutions (PHS) clinical solutions program, we offer the community pharmacy, a clinical pharmacist that is able to perform the medication therapy management consultation without additional cost to the pharmacy.

PHS will customize a clinical solutions program to the unique needs of each community pharmacy.

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Why Choose Us

  • More than 30 years of experience
  • One-stop pharmacy consulting firm
  • We’ll identify opportunities to increase profit margins
  • We’ll help uncover operationally bottlenecks costing you time and money
  • We’ll help build a plan to increase cash flow

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PHS.

Growing your profits without sacrificing care.

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Suite 300
Dublin, OH 43017