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Partnerships for Better Business

September 30, 2020/in White Papers /by Todd Wormington

In an increasingly complex healthcare market, many independent pharmacies find themselves in a continuous battle for the sustained health of their businesses. Common business and financial challenges can significantly impact the bottom line. A strong market position requires access to preferred networks, buying and negotiating power, improved operational efficiency, and adaptability to market changes. But equally critical — and becoming ever more complicated — is the relationship with the customer.

For decades, independently owned pharmacies have maintained a reputation for locally rooted, personalized service that couldn’t be matched by large chain pharmacies. In recent years, however, national chains have begun to put a premium on spending more time with patients to enhance care delivery, consumer experiences and patient outcomes. For today’s community pharmacist, dedicating more face-to-face time with patients is no longer just a service ideal — it is now an operational necessity to stay competitive in market, even against national chain rivals.

How does an independent pharmacist balance the many tasks of running a business on the back end with the need to provide even deeper levels of customer care on the front end? The challenge will seem herculean, unless the pharmacy partners with a high-functioning Pharmacy Services Administrative Organization (PSAO) that solves pharmacy issues and streamlines pharmacy operations.

In this white paper, we will explore the link between PSAOs and pharmacy customer service.

Read White Paper

https://wp-sandbox.pharmacyfirst.com/wp-content/uploads/2020/09/White-papers-partner_.png 592 600 Todd Wormington /wp-content/uploads/2018/06/Pharmacy-First_logo.png Todd Wormington2020-09-30 19:04:422021-10-14 12:46:40Partnerships for Better Business

The Value of Comprehensive Claims Reconciliation

September 30, 2020/in White Papers /by Todd Wormington

Because reimbursement errors can be commonplace, timely and accurate reconciliation is necessary to ensure full payments. Having the ability to reconcile each claim drives better visibility into contract performance, which in turn drives profitability. However, many independent pharmacy owners would prefer to spend their working hours building personal relationships with their patients and customers, rather than worrying about reconciling claims.  When a Pharmacy Services Administrative Organization manages claims reconciliation, the result for independent pharmacies is significant time savings and higher profits.

In this white paper, we will explore the benefits of an effective claims reconciliation service.

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https://wp-sandbox.pharmacyfirst.com/wp-content/uploads/2020/09/Value-papers.png 592 600 Todd Wormington /wp-content/uploads/2018/06/Pharmacy-First_logo.png Todd Wormington2020-09-30 18:59:552021-10-14 12:46:47The Value of Comprehensive Claims Reconciliation

How DIR Fees Impact the Independent Pharmacy Industry

September 30, 2020/in White Papers /by Todd Wormington

Direct and indirect remuneration (DIR) fees are a growing challenge for independent pharmacies. The lack of clarity on these retroactive fees – and the struggle to correctly anticipate them – have created financial strains for many independent pharmacies and are increasingly leading to higher prices for patients at the point of sale.

In this white paper, we will explore the impact of DIR Fees on the Independent Pharmacy Industry.

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https://wp-sandbox.pharmacyfirst.com/wp-content/uploads/2020/09/DIR-PAper-1.png 592 600 Todd Wormington /wp-content/uploads/2018/06/Pharmacy-First_logo.png Todd Wormington2020-09-30 18:52:582021-10-14 12:46:53How DIR Fees Impact the Independent Pharmacy Industry

How Pharmacists Can Promote and Benefit From Medication Adherence

September 30, 2020/in White Papers /by Todd Wormington

Today’s pharmacist provides a vital link between the patient and entire healthcare system. A pharmacist’s role goes beyond merely dispensing medications, as they work directly with their patients to reduce adverse drug events, improve safety, and optimize medication use and health outcomes.

Pharmacists have unique expertise and opportunities to positively influence medication adherence by their patients – but they need more: the right tools to keep patients engaged and help them maintain adherence. Pharmacy First is taking steps toward solutions.

In this white paper, we will explore the impact of Adherence Packaging on overall adherence rates and potential impact on pharmacy revenue.

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https://wp-sandbox.pharmacyfirst.com/wp-content/uploads/2020/09/medication-paper.png 592 600 Todd Wormington /wp-content/uploads/2018/06/Pharmacy-First_logo.png Todd Wormington2020-09-30 18:47:462021-10-14 12:47:01How Pharmacists Can Promote and Benefit From Medication Adherence

Meeting the Challenges of Effective Rate Contracts

September 30, 2020/in White Papers /by Todd Wormington

For independent pharmacies already facing the challenges brought by a global pandemic, reimbursement models like Effective Rate Contracts can further threaten their stability when their services are needed most.

In this white paper, we will explore the management of Effective Rate Contracts to help independent pharmacies improve overall performance.

Read White Paper

https://wp-sandbox.pharmacyfirst.com/wp-content/uploads/2020/09/White-paper-1.png 592 600 Todd Wormington /wp-content/uploads/2018/06/Pharmacy-First_logo.png Todd Wormington2020-09-30 18:16:592021-10-14 12:47:07Meeting the Challenges of Effective Rate Contracts

Insights

  • Putting Pharmacies First
  • Managing Profit & Loss: The Importance of Data in Reducing DIR Fees
  • Managing and Reducing Pharmacy Audit Risks

News

  • Pharmacy First Earns URAC Accreditation as a Credentials Verification Organization
  • Clinical Quality: Medicare Star Rating Update
  • Pharmacy First Announces Pilot Program for Medication Adherence Service

White Papers

  • Partnerships for Better Business
  • The Value of Comprehensive Claims Reconciliation
  • How DIR Fees Impact the Independent Pharmacy Industry

11880 College Blvd, Ste 420  |  Overland Park, KS 66210

Member Login  | Terms of Use | 800.460.1575

11880 College Blvd, Ste 420
Overland Park, KS 66210

Member Login
Terms of Use
800.460.1575

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