PharmaLink Pharmaceutical, LLC

The Physician's Dispensing Solution

Physician Benefits

The PLP difference: 

Instant profitability and cash flow positive from day one.  No other solution for point-of-care dispensing can make that guarantee.    

Physician or pharmacist? 

You already decided.  PLP clients understand that dispensing medications is an important part of increasing cash revenue, while providing an additional service patients value.  Our solution requires no insurance billing.  PLP can have your practice dispensing in as little as 72 hours.  Training on our intuitive web based application takes 20 minutes.  PLP's solution is fast to implement, easy to learn and provides immediate financial results.  Best of all, you continue doing what you do best, being a doctor.     

Cash and carry vs. insurance adjudication: 

Bill insurance for point-of-care medication dispensing?  Forget about it!  Physicians know the hassles of managed care.  It's the problem, not the solution.  PLP finances and carries our client's inventory costs.  Our clients do not pay for medications until they are successfully dispensed to the patient and they have collected the full cash payment.  With no start up costs, monthly fees, or equipment costs, it's easy to see that PLP's dispensing solution will add a profitable cash revenue stream to your practice on day one. 

Patients with prescription coverage: The cash price for nearly all of the most common generic medications is equal to most prescription co-pays.  Insured patients will see virtually no difference in obtaining their medication at the point of care and in many cases it will cost less than their co-pay at the pharmacy.

Patients without prescription coverage:  Many insured patients do not have prescription coverage as part of their plan and nearly 50 million Americans have no insurance at all.  Uninsured patients will find the cash price for their needed medication is often much less than major pharmacies and discount retailers and all patients will love the convenience.

Dispensing is great cash revenue source and valuable service.  Adding insurance billing and reimbursements to the equation makes it very difficult to determine if you are really making a profit.  As physicians who practice in managed care already know, reimbursements are going in one direction, down. 

Consider the facts about billing insurance for medications dispensed at the point of care and you will come to the same conclusion:

• Managing yet another revenue cycle?  Other solutions require upfront or Net 30 day payment for the medications, and can include very expensive brand name medications.  You will collect the co-pay and wait 40 days or longer for the reimbursement.  Carrying costs and cash flow are true costs of a business that reduce your true profitability.
• Reimbursment trends?  Doctors and physicians know the reimbursement trends for healthcare.  The pressure to reduce costs by managed care and Medicare is increasing.  It is the same for medications, evidenced by small pharmacies disappearing in the United States.  
• A 3rd party will be receiving your money from the insurance provider.  How long are they using it before they send it to you?
• Are your reimbursements safeguarded in a trustee account by the 3rd party receiver?
• Hire a pharmacy tech?  Some services suggest you hire a full time pharmacy tech who will be supported by your dispensing service.  Consider payroll, benefits, space, employee relations, seperation issues, human resource managment, turnover, etc.
• The extra data entry required by your staff to capture the insurance information.
• Keeping current with changing insurance information each year.
• Having to inform your patient that their medication is either not covered or on their 3rd co-pay tier.

PLP's solution requires very little time from your current staff.  A medication can be dispensed to a patient in less than one minute.  Our unique service solution ensures that our clients are immediately profitable. 

• Better product quality:  All generic medications are Grade A and are manufactured at a FDA compliant facility.  Brand name medications are also available.

• Faster dispensing process:  Unit-of-use products are prepackaged, safety sealed, labeled and ready for immediate dispensing to the patient. The entire dispensing process can be completed in less than 1 minute.
  
  
• Automated and manual inventory management:  PLP's web based application electronically tracks every single medication sent to your office.  In addition, our field Client Service Representatives and Executive Account Coordinators will visit your location on an ongoing periodic basis and manually reconcile the inventory.  

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