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Dispensing errors can severely impact your revenue and cash flow

By AmerisourceBergen

Although some practices have a very complex manual tracking methodology in place for their buy-and-bill products, it may surprise you the number of practices that do not. This is why the error rate for dispensing medications could be as high as four percent.

 

While your practice may not reach those levels, even a 1-2% error rate can be costly. If you are tracking these medications manually and dispensing a specialty medication where you are paying thousands of dollars per dose, and only making a couple hundred dollars after reimbursement, how many more medications would you have to dispense to make up for that loss?

An error could be accidentally mixing up a medication at the time of dispense which should be administered to a specialty pharmacy patient, but your staff gave the physician a regularly purchased dose to administer. If you are using paper and pen, Excel spreadsheets, or logbooks, it’s much easier to make that mistake.

Or maybe no one noticed that the injection your patient is receiving at today’s appointment will only be reimbursed at 120 days, and today’s appointment is 118 days from their last visit. You’ve lost another medication reimbursement.

How much revenue loss can your practice afford?

Maybe it is time to consider PODIS® Plus, a solution that handles your inventory management – giving you the ability to customize your patient population, create dispense intervals for medications and treatments, and real-time alerts to prevent discrepancies at time of dispense.
Learn what we can do for your specialty practice.  Schedule a free demo of our cloud-based solution at your convenience: email PODISPlus@amerisourcebergen.com